Internal Audit Resource Centre

Access the latest thinking on Internal Audit (IA), from the ICAEW and others from across the finance and auditing sector, as well as useful links to international IA standards and best-practice guidance.

The Audit and Assurance Faculty's Internal Audit Panel is made up of experienced practitioners from across private companies, financial institutions and the public sector. The panel has collated this set of useful resources for those working within internal audit functions.

ICAEW publications

ICAEW Internal Audit Panel

• Improve your organisation's level of assurance
• How to audit change
• Setting priorities to establish and expand internal audit
• How to audit the cloud
• How to audit culture
• How do you audit a robot?
• Internal audit in the age of data analytics
• Internal audit related assurance mapping 
• Accountants and data scientists - collaborating for success

Standards

The Institute of Internal Auditors (IIA)

• International Standards for the Professional Practice of Internal Auditing

The Chartered Institute of Internal Auditors (CIIA)

• International Professional Practice Framework

Guidance

The Chartered Institute of Internal Auditors (CIIA)

• Effective Internal Audit in The Financial Services Sector: Recommendations from the Committee on Internal Audit Guidance for Financial Services
• Culture and the role of internal audit: looking below the surface
• The role of internal audit in non-financial and integrated reporting

Commentary

Read blogs from internal audit experts.

• Is good governance the new business culture?
• The need for data visualisation
• Internal audit and academy schools

Hot topics

Audit approach 

• Balancing scepticism in internal audits (ICAEW)
  Amanda Bradley, GSK’s director of risk and strategy, audit and assurance, discusses the importance of finding the right balance of open-mindedness and scepticism when conducting internal audits.

Compliance 

• Internal audit and compliance: some thoughts for directors (part 1) (ICAEW)
• Internal audit and compliance: some thoughts for directors (part 2) (ICAEW)

Corporate governance 

• Auditing Governance: Having a voice where it counts (Deloitte)
• Corporate Governance - the Tone from the Top (Grant Thornton) 

Organisational culture 

• The challenge of auditing culture (ICAEW)
  Assessing the corporate culture of your own organisation is not easy, but done well it can be a valuable exercise. Christos Skapoullis, head of internal audit at the Bank of Piraeus, outlines the potential pitfalls and how to avoid them.

Risk

• How can internal audit assess business continuity and crisis management plans? (PwC)
  PwC’s Mark Stock looks at the important role that internal audit can play in helping businesses to prepare for the unexpected. 
• Resilience – more than a buzz word? (PwC)
  PwC’s Mark Stock highlights how internal auditors are in a unique position to review how effectively an organisation can respond to change. 
• Risk appetite and assurance: Do you know your limits? (Deloitte)

Sectors

Financial Services

• On the Horizon: 2019 Hot Topics for IT Internal Audit in Financial Services (Deloitte)
• New Approaches: 2018 Planning Priorities for Internal Audit in Financial Services (Deloitte)
• Analytics Aptitudes: A Survey of internal audit analytics maturity in financial services (Deloitte)
• Are we nearly there yet? New challenges ahead for internal audit in financial services (EY)

Retail 

• Getting the right outcome: Internal audit and retail conduct risk (Deloitte)

Library resources

• Access resources on internal audit from the ICAEW Library