Audit & Risk

New risk management framework published

ALARM, the public sector risk management association, has published a competency framework to describe the skills and attributes needed to carry out risk management roles.

in Tools.

The framework highlights specific competencies at each stage in the risk management process that may form a useful resource for internal auditors reviewing the effectiveness of risk management. 

A report by CASS Business School published on behalf of AIRMIC provides a study of major risk events: their origins, impact and implications. An executive summary and briefing is available from the AIRMIC website

The devastation of the earthquake in Japan this April took most people by surprise and few were prepared for the consequences. Businesses heavily reliant on the global supply chain found themselves without essential components. 

BSI has issued a free publication that illustrates the main ways standards can assist with business continuity and risk. Download the publication here. 

The IIA: find out more

Visit the main IIA site

Jobs

Head of Internal Audit

Salary £71,550 to £90,357 (plus market premium supplement for exceptional candidates)

Senior Auditor

Tower Hamlets, Grade: PO4 - £38,229 - £40,911,

Careers advice

Time to volunteer

Rachel Bowden, chair of the IIA’s Guidance Working Group, explains why she started volunteering and what she has gained from the experience.

Talent: in search of the Holy Grail

“A German colleague at Zurich introduced me to the term ‘Eierlegende Wollmilchsau’ – literally an egg-laying, woolly, milk-producing pig. This is the impossible person we’re all looking for,” says Mike Taylor, head of global internal audit at Experian.

Outside information

Once upon a time, internal auditors started life in accountancy or IT. However today’s IAs come from a much wider range of backgrounds. We asked a diverse handful of these new auditors about their motivations, the challenges and the opportunities inherent in the change, and what expectations they bring to the role.
Words: Wilma Tulloch
Illustration: Paul Blow

Training & Development

Time to volunteer

Rachel Bowden, chair of the IIA’s Guidance Working Group, explains why she started volunteering and what she has gained from the experience.

Q&A: you asked us

Our technical helpline provides valuable advice to members on a host of professional issues. Here are some of the questions you’ve submitted recently.

Beyond the comfort zone

If you feel like doing something different, why not volunteer to work with an organisation in a developing country? John Fallon, associate director, audit and assurance, at Grant Thornton Australia, talks about his experiences – and the unexpected rewards – of working with Accounting for International Development (AfID).

Tools

Top tips for recruiting new staff

The UK is returning to growth and many organisations are starting to expand after a long period of retrenchment. Recruiter Beatrice Bartlay offers some top tips for recruiting new staff - and avoiding expensive mistakes.

New rules on tribunals

Since 6 April, anyone wishing to issue an employment tribunal claim must first contact ACAS to consider conciliation. If they do not, their claim will be rejected. Emma Hamnett, senior associate at law firm Clarke Willmott, considers the key changes for employees and employers.

How to conduct an effective walkthrough meeting

Walkthrough meetings can be useful tools to identify whether managers on the front line understand and put into practice the correct controls, but you need to conduct them properly. Leo Mucheriwa CMIIA explains.