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

Assistant Director (Audit)

South West Audit Partnership Ltd

(2 Posts – one based in Trowbridge and one based in Dorchester)
Salary range £42,053 to £46,005

Careers advice

Chartered by Experience

There is a new route to becoming a chartered internal auditor: Chartered by Experience.

Room to grow

If you feel stuck in your role or sector, yet are keen to progress in an internal auditing career, what are your options? You could become a non-executive director or contribute your experience to higher education, suggests Ann Brook CFIIA.

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.

Training & Development

Talent contest

As growth has returned to the UK economy, so has competition for the best people. Internal audit often gets involved in checking compliance with employment regulations, but do you regularly consider your organisation’s approaches to attracting the right staff and keeping them? How can you assure the board that the business has the right people in place now and in the pipeline?
Words: Wilma Tulloch

Businesses struggle to recruit skilled staff

Years of cutting investment in training and development has led to a shortage of skilled professionals, according to new research by Robert Walters. Companies need to start training again, the recruitment consultancy, warned, but they also need to look further afield for new employees.

Prize performance

Abigail Francis, principal auditor at Mazars, won this year’s Charles Duly Prize for the best aggregate performance in the IIA Diploma exams. She explains how she did it.

Tools

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.

Spring clean your reporting style

Sara I James offers advice on one of the toughest audit tasks: drafting, reviewing and issuing the audit report.

How to protect business from geopolitical risk

Ian Beale, senior director of CEB examines the rising threats of geopolitical risk and how heads of internal audit can help to protect their businesses in a time of global uncertainty.