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INSIGHT - BDO UK LLP Report: The Internal Audit and Risk Agenda 2024 Organiser: BDO UK LLP For more details: https://lnkd.in/eefHBBxX The new BDO UK LLP Report: The Internal Audit and Risk Agenda 2024 considers some of the hot topics that internal auditors will be considering in terms of the latest governance and risk areas facing growing businesses. #governance #corporategovernance #boardofdirectors #nonexecutivedirector #risk #audit #internalaudit #report

This was a great recommendation from CIPFA in 2022, emphasising the importance of having an independent chair for Local Government Audit Committees. Despite its significance, many Local Authorities have yet to adopt this practice. Independent Members play a crucial role in enhancing the effectiveness of committees and ensuring the independence of Internal Audit. An independent chair can provide unbiased leadership, ensuring impartial discussions and decisions, ultimately boosting the credibility of the committee's work. By having a chair who is not a council member or part of the executive team, potential conflicts of interest can be mitigated. This approach fosters objectivity, and transparency, and aligns with best governance practices, enhancing public trust in the audit process and financial management of local authorities. SWAP Internal Audit Services #internalaudit #risk #goodgovernance #speedofrisk #agentsofchange #auditcommittee #innovation Chartered Institute of Internal Auditors CIPFA

Delving into the Depths of Audit Expertise: Thrilled to share a sneak peek into the multifaceted world of internal audit expertise offered by our firm. With a commitment to excellence and a wealth of experience across diverse industries, we specialize in auditing a wide array of internal processes. From financial records and risk management to due diligence and control systems, our team leverages extensive expertise to deliver comprehensive audit solutions. Stay tuned as we explore each facet of our audit expertise, uncovering the strategies and methodologies that drive impactful outcomes for our clients. #InternalAudit #AuditExpertise #FinancialServices #RiskManagement #Compliance

If you are a board member and want to think through methodically how your company implements the requirements of Provision 29 of the UK #corpgov Code then this new #EY report is just the ticket. Full of practical guidance with more than half the report devoted to good examples of what companies are both doing and reporting. Kudos to Mala Shah-Coulon and Maria Kępa for this useful guide. #riskmanagement #internalcontrols Kris Pederson Patrick Niemann Sharon Sutherland Nadia Woodhouse Martijn de Jong Julia Kriegler Elsa Venturini Tim Volkmann

I’m excited to share this insightful whitepaper from the Institute of Internal Auditors (IIA) on “Audit Committee Good Practices.” The paper highlights essential practices to strengthen the role of audit committees in ensuring comprehensive governance and effective assurance across organizations. As internal audit professionals, adopting these best practices can significantly enhance both the integrity of financial reporting and risk management processes. Download and explore how audit committees can maximize their value and drive better governance outcomes. #InternalAudit #AuditCommittee #Governance #RiskManagement #BestPractices #IIA

EY's latest Corporate Governance publication explores how companies and directors can meet the 2024 UK Code's new risk management and internal control requirements – Provision 29.   It offers practical advice on refining processes and reporting practices, including real-world examples to help companies in achieving meaningful compliance. Learn more about our findings and recommendations for effective governance. Andrew Hobbs | Joe Yglesia | Maria Kępa | @Richard Abbey | Roger Wallace | Rob Doepel | Suzanne Robinson | Pragasen Morgan | Simon O'Neill | Caroline Henderson | Adrian Roberts | Lynne Counsell | Purvi Domadia | @Trevor Wignall | Ian Clarke | Chantel Fouche CA(SA) | Rosanna Lander | Christian Bravo, CPA   #ShapeTheFutureWithConfidence #CorporateGovernance #EYInsights

In this interview with Jackie Daylor, KPMG National Managing Partner, Audit, SEC Chief Accountant Paul Munter shares his views on audit committee expectations and oversight of risk management and the control environment, among other issues. Read the Q&A today. #SEC #AuditCommittee #RiskManagement #KPMGBLC

In today's dynamic business landscape, Adept Advisory's Strategic Internal Audit & Control services provide innovative solutions tailored to your organisation's needs. From specialised industry audits to flexible resource management, we offer a holistic approach to enterprise risk analysis, entity risk assessment, audit program development, and internal audit execution. Don't settle for outdated practices, contact us to unlock the full potential of your internal audit: https://lnkd.in/dykCbtcm #AdeptAdvisory #MakeExperienceCount #audit #auditing #auditservices #advisory #accounting

In today's era of unprecedented complexity and scrutiny, the audit committee plays a vital role in ensuring the integrity and reliability of an organization's financial reporting and risk management processes. The IBDO publication, 'Audit Committee Self-Assessment', is a timely and indispensable resource for audit committees seeking to navigate the evolving landscape of corporate governance and regulatory requirements. This guide is essential for audit committees to assess their effectiveness, identify areas for improvement, and develop a roadmap for future growth. By leveraging this self-assessment framework, audit committees can enhance their oversight capabilities, foster a culture of transparency and accountability, and ultimately contribute to the long-term success and sustainability of their organizations. As we look to the future, it is crucial for audit committees to prioritize self-assessment, continuous learning, and adaptation to emerging risks and challenges - this publication provides a valuable foundation for achieving these goals. #Auditcommittee #Riskmanagement #Internalaudit #Governance #Compliance

The Institute of Internal Auditors has released its new Global Internal Audit Standards, which I'm sure you've all read by now - all 119 pages... They have been designed to help internal auditors – and their organizations – respond better to today's complex and rapidly changing business environment. But my question to the internal auditors out there is this. Do you find these documents helpful - as a one size fits all document covering all industries (and for the first time the public sector), - or do you find it constrains how you work and believe that there should be a little more flexibility in the standards to allow you to operate most effectively for your business? #IIAStandards #iia #internalaudit #risk #internalauditors