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Internal Audit Community articles

The latest articles for Internal Audit Community members.
Displaying 1-20 of 50 results
Exclusive INTERNAL AUDIT COMMUNITY Economic and Corporate Crime and Transparency Act (ECCTA) 2024
  • 07 Jan 2025
  • Carrie Stephenson, Brave Within LLP
While significant attention has been focused on the UK Corporate Governance Code 2024, the emergence of ECCTA has received less focus. And yet it applies to a much broader spectrum of organisations and carries consequences that are more specific and potentially more wide reaching.
Exclusive INTERNAL AUDIT COMMUNITY Unpicking the three lines
  • 02 Jan 2025
  • Carolyn Clarke, Internal Audit Community Subject Matter Expert
What does Three Lines mean to you? I would imagine it’s a concept that most who work within, or are involved with, internal audit understand well.
Exclusive INTERNAL AUDIT COMMUNITY Integrating Regulatory Obligations within an Internal Audit Plan
  • 02 Jan 2025
  • Carolyn Clarke, Internal Audit Community Subject Matter Expert
Companies face heightened expectations from a range of stakeholders. The risk landscape is increasingly complex. All organisations face external and unpredictable challenges, including geopolitical and cyber-security risks, as well as the unprecedented development of new technologies, including AI.
Exclusive INTERNAL AUDIT COMMUNITY Artificial Intelligence and radical uncertainty
  • 02 Jan 2025
  • Annabel Gillard, International Advisory Council Member of the Institute of Business Ethics and Steven Brown, Brave Within LLP
Most human beings are fundamentally anxious about uncertainty. The adoption of AI has created significant uncertainty – to the extent many refer to it as the 4th industrial revolution.
How risk management should work in local government
  • 19 Nov 2024
  • ICAEW Insights
Local authority finance teams must embed risk management in decision-making processes and financial planning, as well as create a risk-aware culture across the organisation.
CIPFA urges action to tackle council finance staff shortages
  • 14 Nov 2024
  • ICAEW Insights
As a new poll shows English councils are struggling with vacancies in accountancy, internal audit and business partnering roles, a CIPFA and LGA report sets out four-point action plan.
Is your sustainability assurance house in order?
  • 23 Oct 2024
  • ICAEW Insights
Sustainability claims made by businesses are increasingly under the spotlight. How should internal audit work with external providers of assurance to ensure material controls are fit for purpose?
Now cybercriminals can buy the tools to fool you
  • 07 Oct 2024
  • ICAEW Insights
Cyber Security Awareness Month: With phishing attacks becoming increasingly commercialised, businesses need to do everything they can to help employees spot the danger, writes cybercrime journalist Chris Price.
I deepfaked myself. It was terrifyingly easy
  • 07 Oct 2024
  • ICAEW Insights
How easy is it for criminals to create a deepfake of someone? ICAEW’s Head of Data Analytics and Tech, Ian Pay, decided to experiment with the technology.
Cyber security tops business risks, but AI on the rise
  • 02 Oct 2024
  • ICAEW Insights
Poll of chief internal auditors reveals AI, cyber and digital threats will dominate the risk landscape for 2025 and beyond.
Exclusive INTERNAL AUDIT COMMUNITY I'm an audit chair - get me out of here!
  • 30 Sep 2024
  • Carolyn Clarke - Internal Audit Community
In years gone by, the Audit Committee was firmly a finance domain. Audit Committee Chairs were predominantly accountants, often former external audit partners or CFOs, tasked with ensuring the financial results and the Annual Report reflected the performance of the organisation.
Exclusive INTERNAL AUDIT COMMUNITY The problem with whistleblowing and how internal audit might be a force for change
  • 30 Sep 2024
  • Carolyn Clark, Subject matter expert - Internal Audit Community
It feels like every day stories emerge of mistakes in organisations that had been raised by a few brave individuals, but were their warnings were ignored.
Exclusive INTERNAL AUDIT COMMUNITY Internal audits role in navigating the new internal control attestations
  • 28 Sep 2024
  • Michael Lucas, Brave Within LLP
As we approach the end of 2024 listed companies and those that state compliance with the UK Corporate Governance Code are increasingly turning to the question of how to address the requirement to provide an attestation over the effectiveness of material financial, operational, compliance and reporting controls.
Exclusive INTERNAL AUDIT COMMUNITY Internal audit and the capability challenge
  • 27 Sep 2024
  • Steve Brown, Brave Within Ltd
Internal audit has always been at the forefront of safeguarding corporate integrity. But as the business environment continues to change rapidly, internal auditors face evolving expectations.
New Internal Audit Code to strengthen corporate governance
  • 11 Sep 2024
  • ICAEW Insights
Enhanced Chartered Institute of Internal Auditors Code of Practice aims to tackle emerging risks, bolster business resilience and support economic stability.
INTERNAL AUDIT COMMUNITY CPD made easy for members in internal audit
  • 30 Aug 2024
  • ICAEW
ICAEW’s revised CPD regulations came into effect on 1 November 2023. Here’s some helpful information to get started.
Severe financial difficulties likely for one third of councils
  • 25 Jul 2024
  • ICAEW Insights
The Chartered Institute of Internal Auditors has released research demonstrating the financial instability and audit weakness of many local authorities.
AI ‘will turbocharge cybercrime and fraud’
  • 26 Jun 2024
  • ICAEW Insights
Chief internal auditors are worried that AI is likely to fuel a surge in cyber, fraud and economic crime, according to a new poll.
Exclusive INTERNAL AUDIT COMMUNITY The challenge of materiality
  • 31 May 2024
  • Carolyn Clarke: Founder, Brave Within LLP
The UK Corporate Governance Code 2024 has the concept of materiality as a central plank. It’s a golden thread that runs through director accountabilities.
Exclusive INTERNAL AUDIT COMMUNITY Cultural Assurance: Do your colleagues really understand what is expected of them?
  • 31 May 2024
  • Carolyn Clarke, Founder, Brave Within LLP
The Internal Audit Standards and Code of Practice make it clear that internal audit functions should have an approach to reviewing the culture of the organisation, ensuring behaviours are aligned with intentions and with the appetite to risk.
Displaying 1-20 of 50 results