The guidance urges directors to make better use of their internal auditors to gather the information they need.
Gill Bolton, chairwoman of the ICAEW working group that produced the guidance, said: ‘The internal audit function has a key role to play here because it can provide a breadth and depth of understanding about an organisation, as well as an independent perspective on company performance, both of which are important means of assurance.
‘Audit committees and company boards need to develop an overall assurance framework identifying aspects of governance, risk and control that they want assurance on and where they wish to obtain this assurance from.’
Two new audit partners have been appointed at the firm BDO in its audit practice following continued growth and investment
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If businesses do not take cyber security seriously in their business planning regulators may do it for them, the ICAEW has warned
Dr Richard Willis provides a several thousand-year history lesson of the profession, from origin to modern-day