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Internal audit resource centre

Access the latest thinking on internal audit from ICAEW and others across the finance and auditing sector, as well as useful links to international internal audit standards and best-practice guidance.

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Practical guides and reports

Accountants in business ‘must lead’ anti-corruption action
  • Article
  • 03 Jul 2024
ICAEW joins forces with the International Federation of Accountants and the Basel Institute to offer anti-corruption guidance for accountants.
A guide to operational resilience
  • Helpsheets and support
  • 12 Feb 2021
A guide on what organisations need to do to design and embed a framework to deliver operational resilience, including guidance on how to audit operational resilience. The first of two papers on operational resilience for internal audit teams.
How to audit operational resilience
  • Helpsheets and support
  • 12 Feb 2021
In this second paper on operational resilience, we will look at how to develop the audit approach.
Improve your organisation's level of assurance
  • Article
  • 16 Sep 2019
ICAEW’s Internal Audit Panel has identified eight risk areas where boards and audit committees should be asking themselves whether they are receiving the objective assurance they need amid increased public scrutiny.
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Corporate governance

Auditing Governance: Having a voice where it counts
  • Website
  • 01 Sep 2014
Deloitte's 2024 review of internal audit's role in ensuring effective corporate governance.
Corporate Governance: The Tone From The Top
  • Website
  • 15 Jul 2015
Grant Thornton's 2015 exploration of how three major aspects of governance – the role of culture, board composition and strategic planning – are affecting businesses around the world.
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Organisational culture

The challenge of auditing culture
  • Article
  • 07 Jul 2016
Assessing the corporate culture of your own organisation is not easy, but done well it can be a valuable exercise. Christos Skapoullis, head of internal audit at the Bank of Piraeus, outlines the potential pitfalls and how to avoid them.
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Risk

How can internal audit assess business continuity and crisis management plans?
  • Article
  • 15 Aug 2016
PwC’s Mark Stock looks at the important role that internal audit can play in helping businesses to prepare for the unexpected.
Resilience – more than a buzz word?
  • Article
  • 15 Aug 2016
PwC’s Mark Stock highlights how internal auditors are in a unique position to review how effectively an organisation can respond to change.
Risk appetite and assurance: Do you know your limits?
  • Website
  • 01 Dec 2014
2014 Deloitte paper considering how Internal Audit can provide independent assurance over the design and effectiveness of a risk appetite framework.
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Sectors - Financial Services

Confronting Uncertainty: 2021 Hot Topics for IT Internal Audit in Financial Services
  • Website
  • 01 Oct 2020
Deloitte's annual review of the information technology hot topics for Internal Audit functions in financial services.
New approaches: 2018 Planning Priorities for Internal Audit in Financial Services
  • Website
  • 01 Feb 2018
Deloitte's summary of the planning priorities facing Internal Audit departments in 2018.
Analytics Aptitudes: A Survey of internal audit analytics maturity in financial services
  • Website
  • 02 Nov 2015
Deloitte's survey of internal audit analytics maturity in financial services, aiming to better understand the different approaches to building analytics capability and some of the key lessons learnt.
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Sectors - Retail

Internal Audit and retail conduct risk: Getting the right outcome
  • Website
  • 10 Dec 2015
2015 Deloitte paper that explores the key considerations for internal auditors when approaching conduct risk .
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Further resources

The nine stages of an assurance engagement Assurance engagements can be typically broken up into nine stages. Not all stages will be clearly separated and identifiable in every engagement. Some stages, such as the engagement letter, may not be required during internal assurance, while others, such as the problem-solving phase, may not be necessary in some external engagements.
What can assurance cover? Information on the variety of assurance options open to organisations - ranging from those exempt from mandatory audit requirements to those seeking assurance on non-financial business information.
Standards and guidance
  • Listing
  • 01 Feb 2018
A comprehensive list of standards and guidance covering external assurance engagements. Find out which standards apply for engagements by subject area, as well as information on individual standards and the practical application of guidance to assurance engagements.
Best practice
  • Listing
  • 03 Jan 2017
Examples of assurance engagements that demonstrate developments in the sector, including work to support EDF's communications about low-carbon tariffs and Indian steel producer Jindal Stainless Limited's reporting on its human rights activities.
Assurance glossary Definitions of the key words, acronyms and concepts used in relation to assurance engagements, compiled by ICAEW members working in the assurance sector.
ICAEW training films
  • Promotional material
  • 13 Sep 2017
ICAEW training films provoke discussions and challenge mindsets about how to deal with difficult decisions and topical issues in business situations. Develop skills to identify risk, technical competence and professional scepticism.

See also

Resources for Corporate Governance professionals on the interaction between the board and the internal audit function
Internal audit for the board Practical information and guidance on internal audit for board members and corporate governance professionals.

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