(c) American Institute of Certified Public Accountants. Contact AICPA for permission to reproduce this article., Accounting, Audit and Assurance, Internal Auditing

Internal Audit Reporting Line to Chief Executive Gains Steam as US Fed Weighs In

By Ken Tysiac The idea of having the internal audit function report administratively to the CEO may be gaining steam in the United States. The US Federal Reserve has issued guidance to encourage US banks with more than $10 billion in total assets to have their internal audit functions report to the chief executive –… Read More Internal Audit Reporting Line to Chief Executive Gains Steam as US Fed Weighs In

(c) South Africa Institute of Chartered Accountants. Contact SAICA for permission to reproduce this article., Audit and Assurance, Internal Auditing

Using Internal Audit to Manage Risk

By Arlington Nchoe Global economic fragility and concurrent changes in the market economy in recent years have necessitated an equally revolutionary change in the manner in which the internal audit is approached as a key corporate discipline. Significant changes to how the risk profiles of organisations are viewed bring with them certain demands that traditional… Read More Using Internal Audit to Manage Risk

(c) American Institute of Certified Public Accountants. Contact AICPA for permission to reproduce this article., Communications and Media, Internal Auditing, Soft Skills

The Importance of Soft Skills for Internal Auditing

By Arvind Hickman Internal auditors were once thought of solely as the go-to guys for all issues relating to financial controls and governance. After all, just a decade ago their world revolved around meeting compliance requirements spelled out in the Sarbanes-Oxley Act in the US or other internal controls requirements spreading around the rest of… Read More The Importance of Soft Skills for Internal Auditing

(c) Institute of Chartered Accountants of Scotland. Contact ICAS for permission to reproduce this article., Internal Auditing

THE ROLE OF A MODERN DAY AUDIT COMMITTEE: Evolution not revolution

By Jim Barbour Many of the prominent failures of corporate governance in the last couple of decades have involved breakdowns and deficiencies in communication, internal controls processes and financial reporting. The volatility of capital markets combined with a thirst for transparency and investor information is increasing at a steady rate. The upswing of recent government… Read More THE ROLE OF A MODERN DAY AUDIT COMMITTEE: Evolution not revolution

(c) Institute of Chartered Accountants in England and Wales. Contact ICAEW for permission to reproduce this article., Audit and Assurance, Corporate Governance, Internal Auditing, Risk Management

FLEAS AND BAD WOMEN: AUDIT COMMITTEE COMPOSITION | Don’t break the backs of audit committees and their auditors with unrealistic expectations, say accounting academics.

By Vivien Beattie, Stella and Tony Hines The 2011 PD Leake lecture this year drew on ICAEW’s research into how finance directors, audit partners, audit committee chairs and audit committees of UK listed companies interact on audit-related issues. We did the research in 2007/08 by a survey and interviews with all three parties. After the… Read More FLEAS AND BAD WOMEN: AUDIT COMMITTEE COMPOSITION | Don’t break the backs of audit committees and their auditors with unrealistic expectations, say accounting academics.

(c) Chartered Accountants Ireland. Contact Chartered Accountants Ireland for permission to reproduce this article., Internal Auditing

RISK GOVERNANCE

  By Richard Sheath The Finance function and Internal Audit are increasingly being drawn into risk management. So Finance Directors and CFOs are having to think more actively about reporting to the board of directors on risks and risk management. In his continuing series on governance, Richard Sheath discusses how risk governance practice is changing… Read More RISK GOVERNANCE