What you need to know about the IIA Exposure Draft

IIA’s consultation period on the proposed IIA Standards ends shortly. There’s a lot in it and too much for many to get through. Here’s our quick summary of what’s in it, what’s working and what needs to be done to bring it home. Please use and share if you find it useful. And please do […]

Could internal audit have prevented the News Corp Scandal?

Viewpoint Could the internal audit team at News Corp have identified and clamped down on the illegal activities of their journalists? Todd Davies doesn’t think so. The News of the World scandal is causing ripple effects around the world, with commentators in Australia and abroad beginning to ask questions about News Corp’s corporate governance. They […]

Time to Mandate Internal Audit?

Comment The Institute of Internal Auditors (IIA) has been campaigning for regulatory change in Australia for more than 10 years. Much of what they’ve been saying has fallen on deaf ears.  Australia has one of the highest public exposures to listed shares as a result of mandatory superannuation. While prudent fund managers should be underweight […]

All Gone to Custard – Another take on Assurance Maps

A recent survey by the Economic Intelligence Unit indicated that 67% of companies believed they had overlapping coverage in two or more risk functions. 50% suggested there were gaps in coverage between their risk functions, and 62% believed they could get better coverage with less spend. Assurance mapping can be a useful tool for getting […]