KPMG’S NEW HEAD of internal audit is Paul Sawdon, a partner at the firm for the past ten years.
Sawdon worked on the controversial extended assurance package initially rolled out for Rentokil, which reports on a wider range of controls than the statutory financial audit.
KPMG has recruited four internal audit directors from outside the firm in the past year and promoted one of its own to partner level.
Sawdon takes over from David Defroand, and his appointment is part of strategic reinvestment in the internal audit market.
The new chief said internal audit is “a crucial component” of assurance, adding: “Economic fragility, threats to data security, business continuity and the pace of global change are just a few reasons why assurance has never been more on the minds of company boards.”
The second largest improvement in ‘significant’ levels of financial distress since the EU Referendum was in professional services, found research from Begbies Traynor
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