Nelson, who is a member of ACCA, CIPFA and CIMA, also said that the institute will work hard to ensure that company boards improve their internal risk management practices during his tenure. ‘We have to get internal audit seen as the key assurance provider for business and we need to get key government bodies working with us to do this, said Nelson. ‘There has certainly been more of an open door since the problems with companies in the US.’
The former head of audit at British Gas wants to raise awareness of the way that internal audits should be used. ‘The use of internal audit varies from company to company at the moment,’ he said. ‘We would like it to be more focused on the risks a company faces, so that the board gets assurance that those risks are being reviewed.’
The IIA also is looking to rapidly expand its number of members over the coming year and will also introduce a revised standard for the PIIA qualification next year.
Two new audit partners have been appointed at the firm BDO in its audit practice following continued growth and investment
Investment in people, tech and businesses impacts on EY's profit per partner figure
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