Audit & Risk

Resource review: August 2012

Here are four key sources of guidance that we have highlighted on the website over the past month:

in Tools.

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Global IT governance poll finds widespread lapses
Nearly a quarter of respondents to a survey of IT governance and security concerns around the world said that management had little involvement in governance, while more than a fifth said their organisations had experienced a security breach in the previous 12 months. Nearly half of the enterprises covered in the survey had incurred an unexpected cost owing to an IT-related problem in that period.
To read the results of the Information Systems Audit and Control Association’s “2012 governance of enterprise IT survey”, visit bit.ly/Q8gHDr

IoD urges directors to up their game on risk
A new guide from Institute of Directors (IoD) has advised UK board members to improve their understanding and management of risk in order to deliver growth and prevent crises. “Business risk – a practical guide for board members”, published in association with Airmic, Chartis, PwC and Willis, can be downloaded from bit.ly/N1iGXj

US regulator issues cloud computing guidance
The US Federal Financial Institutions Examination Council has published advice on the management of cloud computing risks.
To access the guidance, visit bit.ly/NquZve

Coso publishes thought paper on cloud risks
The Committee of Sponsoring Organizations of the Treadway Commission (Coso) has published a thought paper entitled “Enterprise risk management for cloud computing”. It advises on how to follow the principles of the Coso enterprise risk management integrated framework to assess and mitigate the risks arising from cloud computing.
To access the paper, visit www.coso.org

The IIA: find out more

Visit the main IIA site

Jobs

Head of Internal Audit

Based in either Croydon or Sittingbourne.
Salary c£60,000 per annum plus benefits, inc. car allowance.

Senior Auditor

Bedford
£30,851 - £33,661, Part-time, 18.5 hours per week, Quote ref: P000563

Careers advice

Moving up

Two former heads of internal audit explain what the role taught them and how it helped to prepare them for a seat on the board.

Every secondment counts

If you are offered a temporary work placement with another employer – perhaps even in a different function from internal audit – you’d be well advised to jump at the chance. So says Chris Monk, whose organisation, Uniac, and its staff have long reaped the benefits of secondments.

The inbetweeners

Historically a stopgap for internal auditors searching for a more permanent role, interim management is now more likely to be the consequence of a positive and actively chosen career path. Why has it become such a growth area? Barclay Simpson's Andy Whyte explains.

Training & Development

Challenging conversations are habit-forming

“Any challenging conversation needs to be handled with care because people need to be handled with care. Forget this at your peril,” says Adrian Thompson, chief internal auditor, Norfolk County Council.

Q&A

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

Erratum: Audit & Risk

In the November/December 2012 edition of Audit & Risk magazine, an error appeared in the listings of the IIA members who were successful in the June 2012 exams.

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.

A world of knowledge

The IIA is always working to produce guidance aimed at helping internal auditors to stay at the cutting edge of best practice. Pauline Scott, technical coordinator, reports on the technical team’s recent work to support members.

EQA FAQs

The institute’s technical manager, Chris Baker CMIIA, explains the value of an external quality assessment, what happens during the review process – and how best to prepare for one.