Market report 2010 - internal audit
Barclay Simpson, the leading corporate governance recruitment company in the UK, has recently published its 2010 market report on internal audit. This report details how the recession truly impacted the internal audit recruitment market in comparison to initial expectations and what they foresee continuing to be the trend going forward.
Barclay Simpson's findings show that internal audit has proven to be the best performing area of corporate governance and looks to be slowly recovering from a deep recession. Optimistic about the continued strength and growth of internal auditing as a profession, the report gives a full analysis of the current market including up to date salaries and predictions.
Please click here to download the full report. Alternatively visit the Barclay Simpson website to view a summary and section breakdown.
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Top 10 issues for the Audit Committee's agenda in 2010
KPMG's Audit Committee have listed the top 10 issues that should be on top of the audit committee agenda this year. To view the full article featured on Continuity Central's website click here.
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10 Minutes on maximising internal audit
This December PricewaterhouseCoopers have released a concise 10 minute presentation on how to maximise your internal audit function. Highlighting the key areas of change in light of the recent financial crisis and providing practical advice for organisations on how to overcome the problems that have arisen. This document presents useful insight and advice on how to maximise risk management and business process improvements.
Please click here to download the article.
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How has the economic downturn affected economic crime?
In November 2009 PricewaterhouseCoopers (PWC) published their fifth Global Economic Crime Survey. This survey aimed to assess corporate attitudes towards economic crime in a recession and explore the impact the economic downturn has had on economic crime.
The survey was developed based on three main research strategies; the survey of orgnanisation executives, questions related to fraud in a downturn and the analysis of trends over time. As a result, PWC have produced a comprehensive and informative report that covers three major topics; fraud thriving in the downturn, a deeper dive into 'the statistics' and the fraud horizon.
To read the full report, please click here.
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Internal audit – the role to look out for
The guardian.co.uk recently published an article on how redundancy could give you the ‘chance to start over career-wise and find the job you always really wanted in the first place.’
The article further supports the research that is displayed on this page to suggest that you’re in the right industry - internal audit is fast becoming one of the key roles to look out for ‘as the market re-regulates itself.’ Paul Mersh, Managing Director at CER Financial Recruitment Consultancy says, “There isn’t one bank that won’t be recruiting for these positions within the next five years.”
Click here to read the full article.
If you are looking to move into internal audit or would like to develop your existing internal audit knowledge, the IIA offers an extensive portfolio of training courses and professional qualifications.
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Internal Audit ‘will come out on top’ according to recent Hays Market Report
In a recent report by one of the UK’s largest recruitment specialists, Hays, Internal Audit was listed as one of the 10 safest career choices in a recession. In the report, internal audit was even deemed to be the ‘sector that will come out on top when companies start hiring once more.’
Read the full article on Yahoo Finance.
If you have recently been made redundant or are looking to move jobs, visit our online career centre to review the current vacancies available. In addition to this, members are taking advantage of our online discussion forums to share helpful advice and support on how to interview and job hunt in the current climate. Have your say today!
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Barclay Simpson - 2009 Interim Market Report
 At the start of 2009, the UK economy was forecast to contract by 1.5%. However, by March it had become clear that both the UK and world economy was suffering a far more severe downturn than most commentators had anticipated. The UK economy like much of the rest of the world is facing an uncertain future.
The contraction in the UK economy has inevitably had a significant impact on corporate governance, with all sectors experiencing pressure on jobs, salaries and workloads. The number of redundancies has increased in the last 6 months.
However, redundancies in corporate governance are lower than in the wider economy. Furthermore, the financial crisis has also brought the importance of effective corporate governance centre stage. This will ultimately benefit the industry.
Barclay Simpson’s Interim Market Report 2009 reviews the last 6 months in detail and assesses the prospects for the rest of 2009.
There are four specialist reports:
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Managing in a downturn - driving efficiencies and value from internal audit
 A report on the findings of survey produced by PricewaterhouseCoopers about the state of internal audit in the banking and financial sector. It looks at the likely impact of budget cuts, skills requirements and training budgets.
Extract - A rocky road for internal audit?
Internal audit has already undergone considerable change in the recent drive for improved quality. The Institute of Internal Auditors’ requirement to carry out an independent review of internal audit has focused attention on effectiveness and driven efforts to make internal audit a strong and robust function. However, for many Heads of Internal Audit (HIAs) this is their first experience of managing the function through a downturn. This management challenge is heightened by the particular circumstances in which they now find themselves.
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The day after tomorrow - a PricewaterhouseCoopers perspective on the global financial crisis
 The credit crunch has changed the world of financial services. PricewaterhouseCoopers Point of View report examines the points you should consider when planning how to adapt to the challenges of the future.
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Barclay Simpson 2009 Market Report for Internal and Computer Audit
 Whilst some messages in the Report are somewhat concerning, the IIA feels that there are positive overall messages for internal auditors:
- Future prospects for internal audit recruitment and retention
compared with other sectors is positive
- The profile of corporate governance and risk identification is
more important than ever.
- Businesses realise there is a need for greater regulation and
compliance auditing.
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A view from Smith
 Five years on from the publication of the influential Smith Report on audit committees, what does its author Lord Robert Smith of Kelvin think internal auditors should be bringing to corporate governance in the troubled global economy? |
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Summary of recommendations for 'Suviving the credit crunch' from the 2008 ECIIA conference
 Dealing with the current economic uncertainty was a big theme at the last ECIIA conference. Delegates received plenty of advice about the role internal audit could play in helping their organisations through the crunch. Please click the image to read the article 'Surviving the credit crunch', a summary of recommendations for all internal auditors by industry leaders who spoke at the conference, on page 8 of the ECIIA's newsletter.
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Weathering the storm
 The credit crunch has already claimed the lives of some of the biggest names in finance. In this article from ACCA's Financial Services Review June 2008, Michelle Perry explains how to make sure your company isn’t next on the list...
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Optimising internal audit
In this article from the Institute of Chartered Accounts of Scotland's CA magazine, Massimo Cecere looks at ten easy solutions that can help companies optimise their internal audit function and become an employer of choice. Click here to read the article online. |
