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Internal audit articles

Articles and feature from the ICAEW on internal audit

Displaying 1-50 of 60 results
Exclusive INTERNAL AUDIT COMMUNITY How IA should approach providing assurance over AI
  • Feb 2026
  • Paul Haley and Donna Littlechild - Littlechild & Haley
Artificial Intelligence is no longer a future consideration for internal audit. Across the UK, AI is already embedded in everyday processes, from data analysis and forecasting to customer interaction and decision support.
Exclusive Gaining confidence in your supply chain and third-party management
  • Feb 2026
  • Maxi Glas
For internal auditors, confidence in supply chains and third-party arrangements is no longer secondary. It is central to financial resilience, and organisational integrity.
Exclusive INTERNAL AUDIT COMMUNITY Navigating a complex world: Reflecting on ICAEW’s annual conference for the Internal Audit Community
  • Jan 2026
  • Carolyn Clarke - Internal Audit Community
In November we held our second annual conference.
EDUCATION AND TRAINING Ellen's story
  • Dec 2025
  • ICAEW
Ellen started out in the Royal Bank of Scotland’s call centre after leaving school. During that time, she spotted an ACA apprenticeship opportunity with the NatWest Group. She now works in NatWest’s internal audit team acting as the “police of the bank”.
Exclusive Data Governance: The Hidden Engine Behind Finance Transformation
  • Sep 2025
  • Dimitris Kaskantanis & James Keef
In this article, Dimitris Kaskantanis, Global Internal Audit Director at Qualco and ICAEW Data Analytics Community Advisory Group member, discusses the importance of data governance with James Keef, co-founder of SubOne and an experienced transformation leader who offers insights from practical finance transformation case studies.
Cyber security biggest risk as businesses reel from major attacks
  • Sep 2025
  • ICAEW Insights
Annual poll of Chief Internal Auditors highlights cyber security as the number one risk, with digital threats intensifying following attacks on European airports over the weekend and recent cyber breaches at M&S, the Co-op, Harrods, The North Face and Jaguar Land Rover.
Governance failings putting broadband sector at risk, body warns
  • Aug 2025
  • ICAEW Insights
Chartered Institute of Internal Auditors flags up a governance gap and a heightened risk of collapse in the broadband sector due to lack of internal audit across major suppliers.
Exclusive INTERNAL AUDIT COMMUNITY Current progress in responding to the new internal audit standards
  • Jun 2025
  • Michael Lucas, Brave Within
When the 2024 Global Internal Audit Standards were issued, they promised evolution rather than revolution.
Are audit committees in a better position now?
  • Apr 2025
  • ICAEW Insights
Seven years of regulatory tightening and firms’ own restructuring has ensured the roles of audit committees and internal auditors are more important than ever.
Exclusive INTERNAL AUDIT COMMUNITY Internal audit as a central driver of transformation success
  • Mar 2025
  • Alison Hill
To remain competitive in today’s rapidly changing business landscape and regulatory environment many firms will pursue major transformation and cost reduction programmes.
Exclusive INTERNAL AUDIT COMMUNITY Unpicking the three lines
  • Jan 2025
  • Carolyn Clarke, Internal Audit Community Subject Matter Expert
What does Three Lines mean to you? I would imagine it’s a concept that most who work within, or are involved with, internal audit understand well.
Exclusive INTERNAL AUDIT COMMUNITY Integrating Regulatory Obligations within an Internal Audit Plan
  • Jan 2025
  • Carolyn Clarke, Internal Audit Community Subject Matter Expert
Companies face heightened expectations from a range of stakeholders. The risk landscape is increasingly complex. All organisations face external and unpredictable challenges, including geopolitical and cyber-security risks, as well as the unprecedented development of new technologies, including AI.
CIPFA urges action to tackle council finance staff shortages
  • Nov 2024
  • ICAEW Insights
As a new poll shows English councils are struggling with vacancies in accountancy, internal audit and business partnering roles, a CIPFA and LGA report sets out four-point action plan.
Is your sustainability assurance house in order?
  • Oct 2024
  • ICAEW Insights
Sustainability claims made by businesses are increasingly under the spotlight. How should internal audit work with external providers of assurance to ensure material controls are fit for purpose?
Cyber security tops business risks, but AI on the rise
  • Oct 2024
  • ICAEW Insights
Poll of chief internal auditors reveals AI, cyber and digital threats will dominate the risk landscape for 2025 and beyond.
Exclusive INTERNAL AUDIT COMMUNITY The problem with whistleblowing and how internal audit might be a force for change
  • Sep 2024
  • Carolyn Clark, Subject matter expert - Internal Audit Community
It feels like every day stories emerge of mistakes in organisations that had been raised by a few brave individuals, but were their warnings were ignored.
Exclusive INTERNAL AUDIT COMMUNITY Internal audits role in navigating the new internal control attestations
  • Sep 2024
  • Michael Lucas, Brave Within LLP
As we approach the end of 2024 listed companies and those that state compliance with the UK Corporate Governance Code are increasingly turning to the question of how to address the requirement to provide an attestation over the effectiveness of material financial, operational, compliance and reporting controls.
Exclusive INTERNAL AUDIT COMMUNITY Internal audit and the capability challenge
  • Sep 2024
  • Steve Brown, Brave Within Ltd
Internal audit has always been at the forefront of safeguarding corporate integrity. But as the business environment continues to change rapidly, internal auditors face evolving expectations.
New Internal Audit Code to strengthen corporate governance
  • Sep 2024
  • ICAEW Insights
Enhanced Chartered Institute of Internal Auditors Code of Practice aims to tackle emerging risks, bolster business resilience and support economic stability.
Severe financial difficulties likely for one third of councils
  • Jul 2024
  • ICAEW Insights
The Chartered Institute of Internal Auditors has released research demonstrating the financial instability and audit weakness of many local authorities.
AI ‘will turbocharge cybercrime and fraud’
  • Jun 2024
  • ICAEW Insights
Chief internal auditors are worried that AI is likely to fuel a surge in cyber, fraud and economic crime, according to a new poll.
Exclusive INTERNAL AUDIT COMMUNITY Cultural Assurance: Do your colleagues really understand what is expected of them?
  • May 2024
  • Carolyn Clarke
The Internal Audit Standards and Code of Practice make it clear that internal audit functions should have an approach to reviewing the culture of the organisation, ensuring behaviours are aligned with intentions and with the appetite to risk.
Exclusive INTERNAL AUDIT COMMUNITY Seizing the moment: Internal Audit awareness month
  • May 2024
  • Carolyn Clarke, Vice-President: Chartered Institute of Internal Auditors
The month of May is Internal Audit Awareness month. As we approach the month-end it feels timely to reflect on the role, positioning and recognition of our profession.
Exclusive INTERNAL AUDIT COMMUNITY Empowering internal auditors to be bold and brave
  • Apr 2024
  • Gavin Haves
The Chartered Institute of Internal Auditors (CIIA) has announced a consultation to revamp its two Codes of Practice (for financial services and non-financial services).
Exclusive INTERNAL AUDIT COMMUNITY Unsung heroes, navigating career challenges to drive value
  • Apr 2024
  • Steven Brown
ICAEW recently hosted a webinar where three experienced internal audit professionals shared their insights on the evolving landscape of internal audit, the skills needed to succeed in this field, and strategies for overcoming common challenges.
Exclusive INTERNAL AUDIT COMMUNITY Corporate Governance Developments for Internal Auditors
  • Apr 2024
  • Carolyn Clarke
After what seems like a very extended waiting period we finally have the revised UK Corporate Governance Code (the Code) and associated Guidance.
Updated internal audit code to boost corporate governance
  • Mar 2024
  • ICAEW Insights
Revised Internal Audit Code of Practice aims to empower internal audit by acting as a practical guide to supporting board disclosure on risk management and internal control frameworks.
Exclusive The role of Internal Audit in ethical AI
  • Mar 2024
  • Dimitris Kaskantanis
As AI progresses and gains wider acceptance, ethical considerations become increasingly significant. AI introduces ethical challenges across various domains, including democracy, justice and diversity and inclusion. This article explores these considerations, the associated risks, and the role internal auditors can play in promoting ethical conduct.
Exclusive DATA ANALYTICS COMMUNITY Unlocking the Benefits of a Unified Data Platform for (Internal) Auditors
  • Dec 2023
  • Polyna Christakou
There are several data-engineering platforms in the market that allow organisations to process and transform large data sets. In this article, Polyna Christakou, Head of Internal Audit Data Analytics at Eurobank, shares her experience with using Microsoft Azure Databricks, a unified data warehouse.
Climate change hazards in supply chains ‘should be priority’
  • Nov 2023
  • ICAEW Insights
As COP28 approaches, a new report from the Chartered Institute of Internal Auditors urges business leaders and boards to focus on ESG risks within their supply chains.
The difference between internal and external audit roles
  • Nov 2023
  • ICAEW
Understanding the differences between internal and external auditing positions is key for deciding on the specialism you want to do.
Internal auditors can help boards tackle ‘poly-crisis’
  • Oct 2023
  • ICAEW Insights
Perfect storm of interlocking risks piles pressure on corporates to ramp up resilience – and internal auditors are key to making that happen, says report.
Exclusive DATA ANALYTICS COMMUNITY Decoding Sustainability: Harnessing Data Analytics for ESG Excellence
  • Oct 2023
  • Dimitris Kaskantanis
ESG management and reporting requires data and analytics which in many cases can be complex due to the diverse sources and the complexity of gathering data. To explore this further, Dimitris Kaskantanis, Senior Director in Global Internal Audit at Intrum, discusses the role of data and analytics on ESG management and reporting with Tasos Nikolaou, founder and CEO of Net Zero Analytics.
Local government needs good internal auditors
  • Sep 2023
  • ICAEW Insights
Parish, village and town councils urgently need internal auditors to ensure they are held accountable, transparent and independently verified.
Boards urged to collaborate with internal audit as interest rates rise
  • Jul 2023
  • ICAEW Insights
The risk level posed by economic uncertainty is seen as high or very high by more than half of all businesses.
Exclusive INTERNAL AUDIT COMMUNITY Why an internal audit function is beneficial to businesses
  • Jun 2023
  • Internal Audit Community
With appropriate safeguards in place and good planning, internal audit can be a valuable asset for companies. Find out how your business can benefit as well as what you need to be aware of.
Economic uncertainty amplifies insolvency concerns
  • May 2023
  • ICAEW Insights
A recent business poll conducted by the Chartered Institute of Internal Auditors has revealed a growing apprehension among chief internal auditors regarding financial, liquidity and insolvency risks.
The role of the internal auditor in addressing fraud risk
  • Jan 2023
  • ICAEW Insights
Fraud losses are costing the UK economy tens of billions every year. Where do internal auditors sit within organisations’ efforts to provide contingencies?
INTERNAL AUDIT COMMUNITY Internal audit: how it works and how to set up an internal audit function
  • Dec 2022
  • Internal Audit Community
Learn more about the key aspects of internal audit and what you need to do to set up an internal audit function for your business.
INTERNAL AUDIT COMMUNITY How to start your career in internal audit
  • Dec 2022
  • Internal Audit Community
Considering a career in internal audit? This article explains what internal auditors do, the different types of internal audit and the skills and qualifications you’ll need for an internal audit role.
Fresh calls for government to progress audit reform
  • Nov 2022
  • ICAEW Insights
Chartered Institute of Internal Auditors demands a clear schedule for government’s plans to move forward with audit reform as MPs table fresh parliamentary questions on the issue.
PROFESSIONAL STANDARDS DEPARTMENT Insolvency Code of Ethics – Internal Audit
  • Nov 2022
  • Professional Standards Department
Read clarification issued by the Recognised Professional Bodies regarding the Insolvency Code of Ethics' reference to 'audit related work'.
Spotlight on: Kudzanai Mumbure
  • Sep 2022
Kudzanai is an internal auditor in the financial services industry with a special focus on insurance and banking companies.
Internal audit's role in D&I for Financial Services
  • Feb 2022
  • ICAEW Insights
Ololade Adesanya of EY explains the range of policy initiatives that could be effective for driving and supporting diversity and inclusion in financial services.
How Eurobank got to grips with data analytics in internal audit
  • Dec 2021
  • ICAEW Insights
During the worst of the pandemic, Eurobank’s internal audit team took the opportunity to develop its data literacy as pressures to perform increased.
Six ways to embed climate change risk management
  • Oct 2021
  • ICAEW Insights
Company directors need to treat climate change risk as a key risk to their business, and do so as a matter of urgency, a joint report from the Chartered Institute of Internal Auditors and British Standards Institution shows.
Technology: changing businesses, improving Internal Audit
  • Aug 2021
  • ICAEW Insights
It stands to reason that if technology has changed the way in which businesses are run, it has also shifted the way in which the Internal Audit function is performed.
Exclusive The vital role of Internal Audit
  • Feb 2021
  • Carolyn Clarke
  • Business and Management
IA’s important role in a strong organisation
The Modern Slavery Act: Actions for internal audit
  • Feb 2021
  • ICAEW
This guide explains the role of the organisation’s internal audit function in preparing a section 54 Transparency in Supply Chains Statement, and where there is no such function, best practice for management to ensure all risks to the business have been assessed and the relevant controls are in place.
BUSINESS AND MANAGEMENT FACULTY Why CEOs and CFOs should engage with internal audit
  • Feb 2021
  • David Jardine
  • Business and Management
David Jardine, senior vice president, Internal Audit at bp plc, explains why Chief Executive Officers and Chief Financial Officers need to engage with the Chartered Institute of Internal Auditors’ Code of Practice and why it’s not just for internal audit teams.
Displaying 1-50 of 60 results