Audit & Risk

Resource review: October 2012

A round-up of some of the guidance and reports that have been published on corporate governance and risk management issues in the past month.

in Tools.

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Coso issues exposure draft for comment

The Committee of Sponsoring Organisations of the Treadway Commission (Coso) – a US-based body providing guidance on internal control, enterprise risk management and fraud prevention – has released for public comment an exposure draft of its “Internal control over external financial reporting: compendium of approaches and examples”.
www.ic.coso.org

PwC study examines boardroom attitudes to risk management

Significant changes in corporate governance are affecting boardroom dynamics, compelling directors to spend more time on board work and prompting them to reconsider their approach to oversight, according to the 2012 annual corporate director survey by PwC.
http://pwc.to/I7Ff9p

Government authority introduces “Homer”

The UK Centre for the Protection of National Infrastructure (CPNI) has released a guide entitled “Holistic management of employee risk” (Homer).
bit.ly/RkUtCi

US publication provides guidance for IT risk assessments

The National Institute of Standards and Technology (NIST) has released the final version of “Guide for conducting risk assessments: SP 800-30, revision 1”, risk assessment guidelines to help senior executives understand and make decisions about their organisations’ information security risks and IT infrastructures.
http://1.usa.gov/RwRWVL


The IIA: find out more

Visit the main IIA site

Jobs

Senior Auditor

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

Internal Auditor

Greater Manchester
Salary between £24,671 and £41,954

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.