Internal Audit Archives

Guidance on Effective Internal Audit in the Financial Services Sector

Kyriacos.soc2018-02-20T18:21:03+02:0016/10/2017|Internal Audit, Resources|

"Since its publication in July 2013, the Chartered Institute’s Guidance on Effective Internal Audit in Financial Services (which has become known as ‘the Code’) has played an important part in raising expectations of internal audit in UK nancial services organisations, and in promoting good practice.The revised text contained in this second edition re ects the recommendations of the independent committee chaired by Mike Ashley, chair of the audit committee at Barclays, which the Institute [...]

Internal Auditors Under Pressure to Alter Reports

Nearly one-in-four internal auditors say they've been pressured to suppress or change valid audit findingsJust about every internal auditor will face an ethical dilemma or difficult situation at some point in their career. Among the toughest scenarios is when the CEO or other senior executive exerts pressures to suppress or change the results of an audit finding because it reflects poorly on management or some other aspect of the business. A new report [...]