This guide considers seven challenges commonly faced by smaller internal audit functions and provides recommendations to help heads of internal audit establish and grow an effective function that can meet its priorities.
Internal audit guidance and reports
Support, guidance, reports and thought leadership from the ICAEW on internal audit
This ICAEW guidance aims to address any expectation gaps around assurance in the pension schemes sector. In particular, it looks at how internal and external audit can play a part in the governance of UK pension arrangements.
In applying the principles of Assurance mapping it is often the case that, in practice, there is no individual within the organisation who has the relevant skills to start the process. It may also be the case that the Head of Internal Audit wants to help kick-start the process in order to showcase what can be achieved with assurance mapping.
Guidance for internal auditors on how to provide assurance over the key risks involved in implementing robotic process automation (RPA).
This practical guide outlines the eight steps to follow to conduct a successful internal audit of culture.
How internal auditors should strengthen their governance frameworks to cover emerging data-analytics risks in the areas of quality, talent, independence and security.
A paper from Credit Suisse entitled: Data Analytics Transforming Internal Audit – Pillars of Success, written by Stephen Magora, Director, Data Analytics at Credit Suisse.
Risk assessment and internal controls: continuing challenges for auditors brings together three articles on risk assessment and internal controls, written with extensive input from ICAEW members in practice. The articles deal with practical implementation issues and discuss the continuing challenges highlighted in regulatory reports, and in discussions between auditors, standard-setters and regulators.
The audit of related parties in practice - international edition
This publication is a practical guide to the audit of related party relationships and transactions, providing suggestions in the form of a five-point action plan to improve audit quality in this area.
Guidance for audit committees: Guidance to assist non-executive directors on audit committees to gain an understanding of the provisions of the Combined Code on Corporate Governance and the requirement for the audit committee to ‘monitor and review the effectiveness of the company’s internal audit function.’