Management vs audit committees
A study of the ways different stakeholders understand success in an internal audits, with particular emphasis on managers and audit committees.
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Report refutes Sarbanes-Oxley critics: Strong evidence exists of a link between auditor-identified weak internal controls and subsequent fraud cases
The article focuses on a study published in the "Auditing: A Journal of Practice & Theory" periodical over relationship between material weaknesses and company fraud. Topics discussed include prevalence of issues in the U.S. Sarbanes-Oxley Act of 2002 incorporated for controlling financial scandals in corporations; criticism of the Act for deployment of external auditors for assessment of financial reporting; and examination of several internal control for material weaknesses reports
Key stakeholder surveys
Internal auditors should look to get feedback from their most important customers, including the audit committee and executive management. The article includes example statements to use in a stakeholder survey.
What's top of mind for audit committees?
Article on the key takeaways from KPMG's 2017 Global Audit Committee Pulse Survey. Risk management is a top concern for audit committees, which are looking to internal audit to focus on the critical risks to the business. Tone at the top and business culture are also considered major challenges, as well as sufficient focus on talent, skills and succession planning.
ICAEW guidance and support
Audit and Assurance Faculty
The faculty provides technical expertise in the field of audit and assurance within the ICAEW and is a leading UK authority on external audit, other assurance services and internal audit. It offers a range of publications (including technical releases), events and guidance.
Internal Audit Resource Centre
Access international IA standards and recent thought leadership papers, selected by the Audit and Assurance Faculty.
Guidance for Audit Committees
A series of booklets aimed at non-executive directors (published in 2003 and 2004), including a guide to the internal audit function, which looks at the background to internal audit and how the function might interact with the audit committee.
Chartered Institute of Internal Audit (IIA)
Professional body representing, promoting and developing the practice of internal auditing in the UK and Ireland. The website includes a large number of resources for members, such as practice guides and access to international standards.
CIPFA Audit Panel
A technical panel within the Chartered Institute of Public Finance and Accountancy. It publishes practical guidance for internal and external auditors.
ECIIA (European Confederation of Institutes of Internal Auditing)
Regional body representing internal auditing institutes. The International Professional Practices Framework Code of Ethics and standards are available on its website.
Housing Internal Audit Forum (HIAF)
UK organisation promoting best practice in internal auditing within housing associations and for registered social landlords. A good practice guide and other publications are available to members.
Institute of Internal Audit (IIA)
US professional body. The website includes International Professional Practices Framework documents, practice guides and other resources.
Articles and books in the Library collection
Click on the links below to see our catalogue record for each book.
Internal audit quality: developing a quality assurance and improvement programme
S-A. Pitt (John Wiley & Sons, 2014, 376 pages)
This book will assist chief audit executives and internal auditors to develop a quality assurance and improvement programme and embed processes that enhance the quality of their internal audit function. The book looks at what constitutes quality, and how a greater understanding of quality drivers can lead to more valuable internal audit practices.
Corporate governance handbook
A.Chambers (Bloomsbury Professional, 2014, 1099 pages)
This book advises on functioning within the legal, ethical and practical parameters of corporate governance, with a chapter on risk management and internal control which covers current developments in internal auditing.
To find out how you can borrow books from the Library please see our guide to book loans.
You can obtain copies of articles or extracts of books and reports by post, fax or email through our document supply service.