Press releases

Read our media statements in reference to new developments, services and legislative changes.

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2020

September

COVID-19 puts business risks under a new spotlight

Almost half of internal audit functions affected by coronavirus redeployment

Chartered Institute of Internal Auditors calls on the government to urgently accelerate UK audit reform

March

Internal auditors at executive management level rise 163% thanks to new Financial Services Code survey

January

33 shortlisted for Chartered IIA Audit & Risk Awards

New Internal Audit Code will help businesses better manage risk

Chartered IIA appoints interim CEO


2019

December

Government urged to take swift action on audit reform following Brydon Review

November

Over 100 take part in consultation on internal audit code aimed at reducing corporate collapse risks

Political parties must make manifesto commitments on corporate governance and audit reform

October

Government must legislate to deliver audit regulator reform without delay

Ian Peters to step down as Chartered IIA Chief Executive at the end of the year

September

Cybersecurity tops annual business risk survey

July

Draft code launched to help reduce risk of major corporate collapses

Strengthen corporate governance responsibilities for directors urges Chartered IIA

June

Government urged to introduce new audit regulator legislation before end of 2019

April

Radical reform of external audit market fundamental to reducing risk of future Carillions

Audit report proposals vital to reducing the risk of another Carillion

March

The government’s new audit regulator must play a leading role in preventing future Carillions


2018

December

Chartered Institute of Internal Auditors backs calls for the Financial Reporting Council to be replaced by new body

October

Audit body raises alarm on Brexit preparedness

September

Cybersecurity tops risk list for audit chiefs

August

Chartered Institute of Internal Auditors calls for ‘radical change’ at Financial Reporting Council

May

Media statement on the Work and Pensions and BEIS committees report on Carillion

Internal audit institute welcomes revised Corporate Governance Code

Audit leaders talk artificial intelligence

February

Internal audit’s independence and objectivity should be explicit in UK Corporate Governance Code


2017

December

Internal audit Institute welcomes FRC corporate governance review

October

Internal audit more crucial than ever in era of uncertainty, say leading experts

September

Banks stepping up risk oversight - number of senior managers responsible for internal audit rises 8% in a year

August

Overhaul of code on managing risk in UK financial services

June

FTSE 100 companies failing to provide shareholders with adequate information on risk

May

FTSE100 still failing to provide shareholders with adequate information on ethics

April

Data analytics in internal audit: report helps internal auditors to assess the potential benefits

Cyber security: internal audit’s critical role

January

Management of risk still in need of improvement, survey shows


2016

November

Aviva’s Paul Boyle OBE elected President

October

Institute CEO, Dr Ian Peters appointed chair of new panel to enhance professional standards for bankers

September

Ed Balls: review of financial services internal audit code “vital part of improving City’s risk management”

Financial services internal audit in the spotlight as code of practice is reviewed

August

Too few companies seeking independent assurance as they navigate Brexit risks, says new survey

May

Nearly one third of boards have yet to drive culture in their organisations

Chartered Institute of Internal Auditors appoints Liz Sandwith as Chief Professional Practice Advisor

April

FTSE 250 boards finding planning for a possible Brexit challenging

March

FTSE 100 companies still fail to provide shareholders with information on ethics

The Chartered Institute of Internal Auditors and Nasdaq BWise sign partnership agreement


2015

October

Chartered Institute of Internal Auditors elects Citigroup Chief Internal Auditor Mark Carawan as President

September

Boards should demand assurance on risks before approving major outsourcing projects warns new report

Standard Life Chairman: internal audit must provide ‘rigorous and robust challenge’ in order to reduce the chances of future crises

Quarter of businesses and public sector bodies yet to ensure robust risk assurance systems

Chartered Institute of Internal Auditors appoints Alisdair McIntosh as Policy and External Relations Director

July

New report calls for rigorous assurance on companies’ reporting of environmental and social impacts

Internal audit code is driving changes in the financial services sector

June

Chief Executive Recognised in Queen’s Birthday Honours

Margaret Hodge headlines IIA Annual Dinner

April

Institute to update qualifications to reflect profession’s global outlook

January

FTSE100 companies failing to provide clear measures of ethical standards

Companies still failing to prove their ethical claims


2014

October

Boards strengthen position of internal audit to improve risk defences

September

IIA sees growing role for internal audit in M&As and other strategic risks

July

New report calls for action to audit corporate culture

May

Risk management in financial services firms may be boosted by progress in implementing new internal audit code

IIA Financial Services Sector Code wins award


2013

December

More than a third of public sector organisations do not have fully effective risk management mechanisms

November

Too many companies poor at managing risks, say their internal auditors

September

Boards should be more demanding of internal audit – IIA Conference told

July

New code puts internal audit centre stage as politicians and regulators push for better management of risk in financial services

June

New focus on ethics, culture and behaviour in banking creates critical role for internal audit, Douglas Flint tells IIA's Annual Dinner Guests

Chartered Institute of Internal Auditors welcomes Banking Commission focus on accountability and control

Financial services fines increasingly focused on lapses in risk management

February

New draft code for internal audit in banks and financial services


2012

December

International Standards adopted across the public sector in UK and Ireland

November

New Westminster office will boost Institute influence strategy

September

5th anniversary of run on Northern Rock reminder of dangers of not managing risk effectively

August

Institute Appoints Former Diplomat As Policy Director

July

Consultation on unified internal audit standards for the public sector launched

Former UK and Ireland Institute President Chairs Global IIA Board

June

Basel Committee report ‘ups ante’ on internal audit, says IIA

IIA welcomes report from National Audit Office

May

Institute's CEO appointed to Government’s Regulatory Policy Committee

March

CIPFA and IIA collaboration drives convergence of standards

Half of FSA fines now for weak risk management systems

Basel Committee calls for internal audit to be given more power and responsibility in banks

January

IIA Scottish conference delegates raise cash for local charity

IIA and Pentana sign partnership agreement


2011

November

IIA Global launches online TV channel

October

IIA takes part in risk appetite panel

September

Day 2 of the IIA Annual Conference focuses on risk

250 Delegates arrive for the 2011 IIA Conference

Non-execs must step up scrutiny of risk management

April

Global Certification in Risk Management Assurance (CRMA) now available to IIA members via Profession