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Compliance and AI

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It seems like all anyone is talking about nowadays is AI, and Audit International want to know "Can AI enable compliant electronic communications at scale?" Internal auditors and risk & compliance teams play a critical role in ensuring that organisations

Introverted vs. Extroverted Internal Audit Leaders: Which One Are You?

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A few weeks ago, Audit International met with a self-described “introverted” business leader. This business leader confided to us that introverted individuals have a harder time climbing the corporate ladder. The individual went further in claiming that recent research shows

What SOX can teach internal auditors about ESG.

Posted By: External Dev | ESG & Internal Audit & internal audit objectives & internal audit process & internal audit recruitment & Internal Controls & Sarbanes-Oxley

When SOX was first enacted in 2002, its goal was to increase the overall transparency of financial reporting while, at the same time, develop a more reliable system of checks and balances. It was understood that compliance was both a

How ESG will change who you work with

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A new focus for Audit International and our clients is ESG. But there is one thing all of us are perhaps not considering as much : ESG’s impact on the workplace. Environmental, Social, and Governance (ESG) factors are changing how

Conducting a cultural audit: Concluding the analysis

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Our journey discussing the benefits of auditing organizational culture is coming to an end. Audit International began this series by introducing initial cultural auditing concepts in the first article. Then, in the second article, we continued by more closely examining

Conducting a cultural audit: The first five steps.

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Audit International now bring you the second part in this three part series - Having introduced the initial concepts of what is involved with auditing organizational culture in the first article of this three-part series, we now can begin the

Conducting a cultural audit: A holistic approach

Posted By: External Dev | Auditor jobs & Big 4 Accounting firms & careers in audit & CIA Recruitment & Data analytics & ESG & Internal Audit & internal audit objectives & internal audit process & internal audit recruitment & Uncategorized

At Audit International, we understand auditing organizational culture is a challenging area for internal audit. Culture is dynamic, and regularly changing. Successful auditing of culture requires a holistic approach across the internal audit function covering the development of internal auditor

Getting your 2023 career resolutions back on track

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With one in five people pledging to pursue career goals and ambitions in their New Year Resolutions, Audit International have researched career experts advice on achieving these in 2023. New Year, new (career) you! More than 20% of people toasted

Internal Audit Trends for 2023: Talent Demands, Escalating Risk Velocity, and More

Posted By: External Dev | Audit Career Trends & Audit Salary & Big 4 Accounting firms & careers in audit & CIA Recruitment & Data analytics & ESG & iac recruitmeny & Internal Audit & internal audit objectives & internal audit process & internal audit recruitment & Internal Controls & IT Audit & Risk Audit & SAP

There is currently a misalignment in the world of Internal Audit. As Richard Chambers and AuditBoard’s 2023 Focus on the Future Report reveals, there are key areas where significant gaps exist between risk levels and planned efforts. The ability to

The Seven Worst Words Internal Auditors Use

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Let’s face it. Even here at Audit International, we understand Internal audit still suffers from some rather negative stereotypes. There are plenty of companies or units where internal auditors are not welcomed with open arms. Audit clients may view internal

5 Ways to Ace Your Audits in 2023

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In 2023, organizations may face new and expanded cybersecurity and compliance mandates, which could vary from location to location and from one industry to the next. As a result, your organization may be looking to obtain a certification or will

Internal Audit ‘Hot spots’ for 2023

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Audit International are stating the main Risks and Actions companies are putting on their 2023 internal audit plans. The past year concentrated attention and shone a spotlight on the increasing fragility of organizations. With a complex set of risks manifesting

Preparing for a virtual interview

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Here at Audit International, we understand that virtual interviews have become the go-to method of interviewing. So how do you prepare? Lights! Camera! Action! Are you mastering virtual interviews in your job search? According to this survey, 33% of employers

Group Urges Internal Auditors to Embrace Data Analytics

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With businesses facing the strongest economic headwinds in years, the Chartered Institute of Internal Auditors is urging internal auditors to embrace data analytics to navigate more risky, uncertain, and volatile times ahead. To support their call to action the Chartered

How do you communicate your risks? – Apply these 4 tips!

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Audit International believe effective communication of information on risks associated with hazards and control measures, is an essential and integral component within the risk assessment process. The fundamental goal to communicate the outcome of your risk assessment thereafter to the

Internal Auditors, Use Your ‘Spidey Sense’

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Audit International recommend five ‘Under the Radar’ Areas to Audit that May Not Be on the Audit Plan. As internal auditors, we all have a “spidey sense” of what we should be auditing. Sure, we should, of course, conduct comprehensive

The Machines are Coming! Will Internal Audit Be Ready?

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There is a common joke among physicists that fusion energy is 30 years away … and always will be. You could say something similar about artificial intelligence (AI) and robots taking all our jobs. The risks of AI and robotics

Unlocking ESG performance data value beyond reporting

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Here at Audit International, we have seen a significant shift in the way in which environmental, social, and governance (ESG) data has been perceived in recent years. It has gone from being an 'add-on' to being a vital opportunity for

Why the accounting sector needs to adopt universal sustainability frameworks.

Posted By: External Dev | Audit Career Trends & Audit Salary & Auditor jobs & Big 4 Accounting firms & careers in audit & CIA Recruitment & Data analytics & ESG & FTSE 100 companies & Internal Audit & internal audit objectives & internal audit process & internal audit recruitment & Internal Controls & SAP

As the threat of climate change mounts, Audit International know that businesses must take steps to counter its damaging effects. This is in order to meet ambitious government Net Zero targets, which aim to halve emissions in a little over

The role of internal audit in vendor third-party risk management.

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Amidst issues like supply chain complexity, economic uncertainty, and increased digitalization, Audit International are finding many organizations are adding vendors or changing their existing relationships with those they currently conduct business with. Working remotely has prompted many companies to add

What internal audit should know about ESG risks: G is for Governance

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In this final article of the series, Audit International focus on the third element of ESG- Governance risk. This differs from the first two elements – Environmental and Social – in that several governance risks have long been recognized and

Risk in Focus 2023 – Hot topics for internal auditors

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Here at Audit International this week, we are are all talking about the Chartered Institute of Internal Auditors dropping their 'Risk in Focus 2023' report. The report compiles the results of 9 in-depth interviews, 4 round table events with 39

ESG Performance Data – Who is really looking?

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A recent study revealed that 82% of finance and business leaders must comply with sustainability requirements or ESG regulations. Even without mandatory regulatory standards in place, Audit International would bet their bottom dollar that more companies would voluntarily take on

How data analytics can deliver the best audit value

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At Audit International, we know when people hear buzzwords like 'data analytics', 'artificial intelligence' and 'machine learning', it can be intimidating. Many people don’t fully understand such concepts, but in truth, you don’t need to. You just need to get

How Internal Audit teams can reduce Ransomware risks.

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Transit systems. Healthcare facilities. Financial services firms. What do they all have in common? Organizations within these sectors — and essentially all industries, for that matter — have been hit by ransomware, a type of malware where cybercriminals demand a

What internal audit should know about ESG risks: S is for Social

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Having considered how internal audit can address environmental risks in the first article in this Audit International series, this article turns to the second element of ESG, social risk. This can be a sensitive area, and many risks are hard

How to speed up your audit report writing.

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Have you ever had one of those days where you were determined to write that audit report? So you block off the time on your calendar, go into your office, shut the door, remove any and all distractions and breathe.

Internal Audit and its place in the Three Lines of Defence.

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This week Audit International are taking a look at the 4 ways how Internal Audit can get a seat at the table. When it comes to risk management and compliance, most organizations operate on a 3 Lines of Defense (3LOD)

Patagonia: Billionaire boss gives fashion firm away to fight climate change.

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Audit International were in awe to hear this revolutionary news from the billionaire founder of the outdoor fashion brand Patagonia. He has announced just yesterday he is giving away his company to a charitable trust. Yvon Chouinard said any profit

5 tips to build a risk-based audit plan for the public sector.

Posted By: External Dev | Audit Career Trends & Audit Salary & Auditor jobs & careers in audit & Chief Audit Executives & Fraud Audit & iac recruitmeny & Internal Audit & internal audit objectives & internal audit process & internal audit recruitment & Internal Controls & IT Audit

Audit International are aware that public sector organizations face a variety of risks, ranging from cyber threats to budget constraints to compliance concerns. While internal audit teams in the government sector might not be responsible for solving all those risks,

What internal audit should know about ESG risks.

Posted By: External Dev | Audit Career Trends & Audit Salary & Auditor jobs & Internal Audit & Internal Controls & IT Audit & Risk Audit

Audit International have been thinking recently about what internal audit should know about ESG risks, and where best to start but with the E, which is for Environmental. In this, the first in a series of three articles, we will

What does RPA mean for Internal Audit and Financial Services?

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The world of internal audit continues to advance. In recent years, audit teams have increasingly used data analytics and cloud technologies to increase efficiency and improve assurance. Now, emerging technologies like AI and robotic process automation (RPA) are further making

EY Confirm split of Audit and Consulting services.

Posted By: External Dev | Audit Career Trends & Big 4 Accounting firms & IT Audit & Latest Audit Information & News

Audit International have been following this news closely for the past few months and we are all interested to see what will unfold for the Big4 giant over the next few months and perhaps years. Just this week, the EY

What should you do if you suspect fraud?

Posted By: External Dev | Audit Career Trends & Audit Salary & Big 4 Accounting firms & Forensic Audit & Fraud Audit & Internal Audit & Internal Controls & IT Audit & Risk Audit

Audit International have compiled a list of do’s and don’ts for auditors when potential wrongdoing surfaces. Fraud can occur within any organization regardless of size or sophistication, even when internal controls seem effective. Despite this harsh reality, many audit clients

A 5-Step Guide to Stronger Internal Controls.

Posted By: External Dev | Audit Career Trends & Big 4 Accounting firms & Internal Audit & Internal Controls & IT Audit & Latest Audit Information & News & Risk Audit

Audit International recently came across a very interesting article, on improving Internal control systems, in the Wall Street Journal, and thought we'd share it with you. Increasing business complexity and regulatory requirements are driving continual change to the risk environments

Do you know the best interview questions to ask an IT Auditor?

Posted By: External Dev | Audit Career Trends & Big 4 Accounting firms & Internal Audit & IT Audit & Latest Audit Information & News

The role of an IT Auditor within an organisation is to maintain the security of the company’s IT systems, ensuring they are efficient and cost effective. They must maintain the firm’s internal controls, records and data as well as to

The Importance of IT Audit in an Organisation

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Any company operating successfully in this day and age, no matter its capacity, needs to effectively leverage its technology systems and make effective use of data. It is inevitable now that if a company wants to progress it must make

Strategic Planning: A Roadmap for Internal Auditors.

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Audit International have put together a brief guide to strategic audit planning and resourcing. Managing your audit requires strategic planning whilst ensuring that all internal resources are appropriate and effectively deployed. Strategic audit planning An audit needs assessment (ANA) exercise

Internal Audit Must Adapt to Stay Relevant—Here’s How.

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If the last few years have shown us here at Audit International anything, it’s that we must be ready for the unexpected. From the disruptions of the global pandemic to soaring inflation, from political scandals to a war of aggression

Skills for internal auditors in a post-Covid world.

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It’s become a truism that the ‘new normal’ as the world emerges from Covid-19 lockdown will not, and cannot, be like the old normal. But what does this mean for internal auditors? What skills will be most in demand and

What Are The 10 Best Finance Professionals’ Podcasts?

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The podcast has rapidly become the go-to media for anyone and everyone seeking thought leadership, guidance, advice, or entertainment, especially in a particular niche with particular audience demands. While far from a flash-in-the-pan trend, podcasts are tapping into what makes

Future-proofing Internal Audit for the future.

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Internal audit functions need to be adaptable, technologically savvy, and future-focused. This week Audit International are taking a look at how we can ensure the future of Internal Audit. As COVID-19 spread across the world, it changed the entire landscape

Evolution of Internal Audit in Information Technology and Security.

Posted By: External Dev | Audit Career Trends & FTSE 100 companies & Internal Audit & IT Audit

Technology is clearly affecting how audits are performed today and how they would be conducted in the future. In the past, there was generally an anticipated error rate when an auditor used to rely on statistical sampling technique on a

Internal Audit Isn’t the Brakes, It’s Part of the Navigation System.

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Here at Audit International, we have always been on the lookout for clever ways to describe internal audit’s role in an organization. Elevator speeches are fine when you have 60 seconds to describe the value your profession brings to an

Audit partners see signs that inflation will persist for foreseeable future.

Posted By: External Dev | Audit Career Trends & Internal Audit & IT Audit & Latest Audit Information & News

Audit International take a look at what some audit partners are unfortunately forecasting- inflation hasn’t peaked yet, and is going to continue for another period of time. Three out of four public company audit partners believe that inflationary concerns could

The Characteristics of Highly Successful Internal Auditors.

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The Characteristics of Highly Successful Internal Auditors Nobody knows it better than us here at Audit International that Internal auditors are a rare breed. To perform well in their jobs, they must have a set of skills and characteristics that

Five Internal Auditing Myths Debunked

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Today, Audit International are hoping to clear up a few of the most common Internal audit myths. Let us know if there are any we have overlooked, and we bet we can debunk those ones too. Myth: There is little

How to be a well liked auditor.

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This week Audit International are taking a very tongue-in-cheek look at how Internal Auditors can be the most liked person in the office, and who everyone wants to talk to around the water cooler. Read on for some insightful tips.

Auditor’s expectations post pandemic and how to reflect sense of reality.

Posted By: External Dev | Audit Career Trends & Audit Salary & Audit Working Hours & Big 4 Accounting firms & Internal Audit & IT Audit & Latest Audit Information & News & Risk Audit

After the rollout of the vaccine and the end of lockdown restrictions, businesses are picking up and hiring into their Internal Audit departments and many candidates seem curious to take the next step in their audit careers. COVID-19 has quickened

Remote / Virtual auditing: A reward or risk?

Posted By: External Dev | Audit Career Trends & Audit Working Hours & Internal Audit & IT Audit & Latest Audit Information & News

Well during and after Covid-19, the day-to-day working structure of audit has changed a lot. With remote working arrangements and the absence of in-person meeting with clients, it’s been a real testing time for those who have joined the audit

Do you know what your Internal Audit peer group is focusing in 2021?

Posted By: admin | Latest Audit Information & News

THIS WEEK WE TAKE A LOOK AT HOW INTERNAL AUDIT HAS BEEN CHANGING AS A RESULT OF WORKING IN A COVID-19 WORLD. What makes internal audit unique is its strength and experience in managing uncertainty. Uncovering and tackling risk

How multinatinationals are levering the impact of COVID-19 through virtual work by Auditors

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It was once famously said that adversity is the mother of progress in life. With this in mind, this week an experienced Head of Audit takes a look at how leading multinationals are levering the impact of COVID-19 through

COVID-19 Pandemic worsening the Cybersecurity Risks

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COVID-19 Pandemic worsening the Cybersecurity Risks Just like every other crisis, the COVID-19 pandemic has rocked the boats of most businesses. The fact that it has discouraged physical interactions has forced enterprises to embrace work from home initiatives. Most companies

The 7 secrets multinationals are using to supercharge their Data Analytics programmes.

Posted By: admin | Latest Audit Information & News & Uncategorized

Taking Your Data Analytics Program to the Next Level of Internal audit Internal audit departments that pursue data analytics without fear will soon be expanding their capabilities and unlocking the powerful potential of what it can do. By now,

How you can gain additional skills as an Auditor through use of your existing resources?

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How Leveraging of Resources Can Assist You in Gaining Needed Audit Skills These days an internal auditor is required to be a jack-of-all-trades. To complete the diverse set of audits that cover every facet of the organization, the internal

Why the Internal Audit career path is so brilliant?

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Why the Internal Audit career path is so brilliant? Internal auditing is a profession with a long history, and it’s a function that continues to evolve with the swift pace of global regulatory changes and compliance challenges. Its internal

What skills do you need to be a great Auditor and to achieve your career goals?

Posted By: admin | Big 4 Accounting firms & Latest Audit Information & News

This week we take a look at how auditors have grown their careers historically through the gradual aquisition of certain key skillsets and attributes. Critical Skills to Enhance Your Audit Career Path What makes a great auditor? What's the perfect

Why Internal Audit is a good career step?

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Why Internal Audit is a good career step? The opportunities in this area at the moment are substantial, as many of the leading industry and financial services companies have learnt lessons from the downturn in the economy and are bulking

Unrestricted access for Internal Auditors- Your experience?

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Earlier this year, The Internal Audit Code of Practice, aimed at strengthening corporate governance and prevent corporate collapse, calls for much more extensive access for internal auditors. The professional association for internal auditors in the United Kingdom and Ireland had

What are the critical points to consider when conducting investigations?

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This week our colleagues have been discussing what are the critical points to consider when conducting investigations. It is not intended to be an exhaustive list but gas been generated as a result of experienced fraud and forensic auditors. It

Leadership Qualities of a Chief Audit Executive

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Are you an aspiring Chief Auditor? Do you have the leadership qualities in order to achieve this? Are good leaders born or made?? This week we take a look at what leadership qualities are required in order for you to

How to save your direct line manager’s time whilst writing the perfect Audit report?

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Report Writing and Editing Mistakes The Internal Auditors Need To Fix One of the bottlenecks of audit reporting is the editing part of the release process. Frequently, we hear how many auditors write an audit report and then rely heavily

Eight Common Internal Audit Hiring and Retention Mistakes

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This week, we take a deeper look at the eight most common Internal Audit hiring and retention mistakes. Eight Common Internal Audit Hiring and Retention Mistakes Internal auditors are in high demand these days. Recruiters and competitors are looking

Dynamic skills required by Internal Auditors for Public Speaking and Presentations

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Dynamic skills required by Internal Auditors for Public Speaking and Presentations We don’t know a single person who doesn’t get butterflies before they speak. Because when you care, you want to do a good job. When you want to do

Strategic Messaging and Influencing Skills: A Framework for Internal Auditors

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Strategic Messaging and Influencing Skills: A Framework for Internal Auditors In the mid-1930’s a researcher at Purdue University wanted to better understand what combination, or sequence, of events would best induce someone to take action. What he found, and want

Why Internal Auditors become Business Leaders.

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This week we take a look at the longer term benefits of choosing a career in Internal Audit and how it can help you develop a deep understanding of how a business and sector works in detail which will help

Reinventing internal audit in an ever-changing risk landscape.

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Today, we look at the evolving landscape of internal audit and what auditors need to do to reinvent themselves and their departments to survive and thrive.Reinventing internal audit in an ever-changing risk landscape. High performance and effectiveness demand that

Are you interested in becoming an IT auditor? Here’s what to know

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Internal Auditors who typically focus more on financial and operational audits are now required more and more to focus also on IT Audits. This week we take a look at the skill sets required in order for you to

How innovate is your team’s approach to Internal Audit?

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Today our associates have been discussing innovation in the Internal Audit profession with a view to how the professional can evolve and innovate. Through knowledge sharing of best practices via Audit Leaders- we discuss below how Internal Audit can get

Auditing The Supply Chain in 2019: What to Know and Why

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Are you currently auditing the Supply Chain as part of your current role? If so- then read on as our experienced Audit Directors share their insights and knowledge as to what are the key areas you should be focusing on

Communication Skills for Junior Auditors: What to Know and Why

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This week our highly experienced audit associates share their knowledge for their more Junior peers in order to help with their communication skills in the Audit profession. Communication Skills for Junior Auditors: What to Know and Why It’s human

Fraud Investigation Reports vs. Audit Reports: What’s the difference?

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Fraud Investigation Reports vs. Audit Reports: What’s the difference? Fraud and audit reports must be distinct because they are intrinsically different from one another. Read on for ways to present a full and succinct fraud investigation report using report design,

Crisis Management- A structure to dealing with crisis during audits.

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Auditors who have not experienced conflicts and crisis in some way or another throughout their career are quite rare to come by. This week we take a look at how the profession successfully approaches crisis situations to result in a positive outcome.

How does your Audit department compare to the highest performing audit functions?

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This week we take a look at the makeup of the successful audit team and how you go about analysing how your current team is performing? Building the Competencies for Internal audit by IIA Determine what is missing and take

Robotics and Internal Auditors- what you need to know!

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What Internal Auditors Need to Know about Robotic Process Automation RPA, robotics, robots, bots as internal auditors have undoubtedly been hearing this terminology tossed around more and more. What exactly is it? Why is it such a hot topic? Why

How to Attract and Retain High-Impact Internal Auditors.

Posted By: admin | Latest Audit Information & News

This week our colleagues have been discussing the importance of attracting the right auditors but more importantly how to retain them within the business! If you feel you need help in this area, then the experience shared below with for

How effective is your whistleblower programme?

Posted By: admin | Latest Audit Information & News

Key steps to carry out an effective audit of Whistleblower Programs As part of our ongoing commitment to knowledge sharing between the professionals that we are working with- our colleagues have kindly shared what they believe are the best steps

The importance of creativity for Internal Auditors.

Posted By: admin | Latest Audit Information & News

Being Creative While Conducting Internal Audits Creativity is the use of imagination or original ideas, but it’s not that important for internal auditing. After all, the main thing auditors have to do is know the rules that set the criteria

How to increase buy in levels from your auditee?

Posted By: admin | Latest Audit Information & News

This week our Internal Audit colleagues are kindly sharing their personal experiences on how they have increased the level of client buy-in upon presentation of your findings and recommendations? How Internal Auditors can change how audit clients listen to them?

Persuasion-An essential skill for Internal Auditors to obtain high levels of buy in.

Posted By: admin | Latest Audit Information & News

This week, our team are discussing the importance of persuasion and just how important it is in order to obtain high levels of buy-in when presenting your findings to Senior Management. How to Make Findings and Recommendations More Persuasive Persuasion

What competencies and characteristics are required in order to achieve the highest levels of quality by Internal Auditors?

Posted By: admin | Latest Audit Information & News & Uncategorized

The internal audit profession is made up of many diverse personalities and professional capabilities. This week, we have taken a deeper look at the key competencies required by Internal Auditors in order to achieve the highest levels of quality. Internal

Sustainability-Key questions for Internal Auditors.

Posted By: admin | Latest Audit Information & News

Sustainability: The Environment & Social Ethics (Risk in focus – 2019) Companies are increasingly expected to behave in an environmentally and socially responsible manner, both by regulators and the public. This is creating sustainability reporting challenges and is influencing the

What is the Internal auditor’s role when it comes to changes in Regulatory Compliance?

Posted By: admin | Latest Audit Information & News

What is the Internal auditor's role when it comes to changes in Regulatory Compliance? The role of Compliance has expanded enormously at most organizations due to the effect of globalization and international growth. In France, for example, Internal Compliance and

How audit departments are attracting “millennials” and the next generation of Internal Auditors.

Posted By: admin | Latest Audit Information & News

Internal audit – Managing the Next Generation It is estimated that 27% of the world’s population (two billion people) belong to the so-called Generation Y or “Millennials” (19-35 years old) and another 32% (2.4 billion) belong to the following generation,

Top considerations in Internal audit in the Cloud Computing environment

Posted By: admin | Latest Audit Information & News

Top considerations in Internal audit in the Cloud Computing environment Cloud computing is the provision of hardware and software services by a third party company accessed over the internet. A survey in 2014 by the Cloud Industry Forum (CIF) based

GDPR moves into the next phase and the needs of Internal audit

Posted By: admin | Latest Audit Information & News

GDPR moves into the next phase and the needs of Internal audit Europe’s General Data Protection Regulation came into effect on 25 May, 2018 after a mammoth effort by organizations throughout Europe and beyond to prepare for the launch date.

Cyber risk and internal audit: An urgent call to action

Posted By: admin | Latest Audit Information & News

Cyber risk and internal audit: An urgent call to action Internal audit has a critical role in helping organizations in the ongoing battle of managing cyber threats, both by providing an independent assessment of existing and needed controls, and helping

What are the key questions Internal Audit need to ask to ensure future talent proofing by HR?

Posted By: admin | Latest Audit Information & News

Key questions Internal Audit need to ask to ensure future talent proofing by HR? Whether your company is comprised of mainly older workers or millennia’s or a good mix of both there is no doubt that the skills gap is

What are the hot risk topics everyone is discussing in Audit for 2018?

Posted By: admin | Audit Career Trends & Latest Audit Information & News

Hot Risk Topics for Internal Audit 2018 in European Countries – Digital version A wider group of European Institutes of Internal Auditors have taken an ambitious approach, interviewing Chief Audit Executives (CAEs) from major organizations in six European countries –

Pulling fraud out of the shadows : Global Economic Crimes and Fraud Survey 2018

Posted By: admin | Audit Career Trends & Latest Audit Information & News

Pulling fraud out of the shadows: Global Economic Crimes and Fraud Survey 2018 In PwC’s 2018 Global Economic Crime and Fraud Survey, only 49% of global organizations said they’d been a victim of fraud and economic crime. However, we know

“Internal Audit: Embracing the challenges of the future” IAS Conference 2018, Belgium.

Posted By: admin | Latest Audit Information & News & Uncategorized

IAS Conference 2018, Belgium - "Internal Audit: Embracing the challenges of the future" The Internal Audit Service of European Commission will hold its annual international conference on 6 November 2018 in Brussels, Belgium focusing on the global challenges affecting the

Effective communications needed between Internal Auditors and regulators in the Insurance sector.

Posted By: admin | Latest Audit Information & News & Uncategorized

Effective communications needed between Internal Auditors and regulators in the Insurance sector. Regulators should require regular, structured and ongoing dialogue between the competent authorities supervising insurers and the internal auditors working in them, the ECIIA has said in response to recent

What are the requirements of an Internal Audit function for European listed companies?

Posted By: admin | Audit Career Trends & Latest Audit Information & News

What are the requirements of an Internal Audit function for European listed companies? The ECIIA previously conducted a review of the Corporate Governance Codes currently in place in its member bodies in order to determine the extent that internal audit

Internal auditors role in the ERP environment

Posted By: admin | Latest Audit Information & News

Internal auditors role in the ERP environment An ERP solution drives the organization strategically and presents changes to the audit environment. It replaces the huge number of databases in a company with one powerful system capable of integrating, analyzing, and

The Importance of Internal Audit / Corporate Governance in the digitization world.

Posted By: admin | Audit Career Trends & Latest Audit Information & News & Uncategorized

The Importance of Internal Audit / Corporate Governance in digitization world. During the last few years, the discussion about Corporate Governance has increased globally. This can be seen as a result of several scandals like Satyam Computers and prominent bankruptcies

Internal Audit- Connecting the Dots!

Posted By: admin | Audit Career Trends & IIA & Latest Audit Information & News & Uncategorized

Internal audit—connecting the dots The world of business is constantly changing and globalization has proved to be of paramount importance for this changing world. This globalization has produced widespread dots or operations as the challenge for management to govern in

INDEPENDENCE is a challenging concept for internal auditors

Posted By: Audit International | Audit Career Trends & Chief Audit Executives & IIA & Internal Audit & Latest Audit Information & News

Audit International are privileged to share some recent insights from Dr Rainer Lenz- Head of Corporate Audit at Villeroy & Boch on his thoughts about internal audit and its Independence. "Recently, I was invited to share some thoughts about independence

Does the WannaCry attack mark a new age of piracy on the high internet?

Posted By: Audit International | Latest Audit Information & News & Uncategorized

Our guest blog this month is courtesy of Vladimir Berezansky, Thought Leader for the Compliance Practice FIDS (Assurance) at EY. This month Vladimir provides us with his insights on the future as a result of the WannaCry attack. Future Shock

What exactly is a … Data Scientist? and how it relates to Auditing

Posted By: Audit International | Audit Career Trends & Data Analytics & Data Scientist & Internal Audit & IT Audit & Latest Audit Information & News & Risk Audit

The job profile of the Data Scientist is still young, but is often searched for on the job market. They are required in many industries, such as: • Banking and insurance • Trading • Business and organizational consultancies, market researching •

SAP Launched new Cloud version of their software with integrated analytics

Posted By: Audit International | Artificial Intelligence & Audit Career Trends & Cloud & FTSE 100 companies & Latest Audit Information & News & SAP

SAP Launched new Cloud version of their software with integrated analytics Companies can now avail of new SAP technology as the software giant moves into the modern world of cloud computing. The new version will now allow their business customer

How can publicly held companies approach preventing Fraud – Here are some reasons to consider using New Technology

Posted By: Audit International | Big 4 Accounting firms & Cloud & Cyber Security & Forensic Audit & Fraud Audit & IT Audit & Latest Audit Information & News & Risk Audit & Sarbanes-Oxley

One of the biggest issues every successful company face in today’s business world is the prevention of fraudulent activities committed by employees. Over a decade ago the Sarbanes-Oxley Act (SOX) Compliance was introduced which requires that all publicly held companies

Data Analytics Market- How a career from IT Audit to Data Analytics may be the answer for 2017.

Posted By: Audit International | Artificial Intelligence & Audit Career Trends & Data Analytics & FTSE 100 companies & IT Audit & Latest Audit Information & News

One of the new hottest tech trends for the IT Audit Market and in particular the Data Analytics Market is artificial intelligence (AI). As the consumption of data persists and the growth continues with no apparent limits, we see companies

How an Internal Audit function will battle cyber security issues for your company WHEN it happens in 2017?

Posted By: Audit International | Cyber Security & Internal Audit & IT Audit & Latest Audit Information & News & Risk Audit

How an Internal Audit function will battle cyber security issues for your company WHEN it happens in 2017? It is no longer a question queried in a boardroom by senior management of multinationals companies. Could we be hacked? It is

Should your company hire an Internal Auditor? Here are 5 reasons why you should.

Posted By: Audit International | Big 4 Accounting firms & Internal Audit & Latest Audit Information & News

According to a new study of more than 1,600 chief audit executives (CAEs), senior management and board members released by professional services specialist PwC yesterday, internal audit functions that have very effective leadership perform better and add greater value to

How to Find and make up a Important Quatity of us To your Nearest Group For Publisher

Posted By: admin | new

How does one know if producing is usually to be your future? On earth do you produce to be a hobby? Maybe you have a losing ambition to turn into a circulated writer? You avenue within this path would be

Volkswagen Internal Audit may have provided warning signs on emissions tests as early as 2007

Posted By: Audit International | Latest Audit Information & News

Volkswagen shares have been rocked recently and investors have been fleeing after it emerged that the global leader in the Automotive sector has been using technology in their diesel cars which helps them reduce their emission levels when tested. Bosch-

Coca Cola 3 main bottlers merge to form one main company amid cost cutting and revenue pressures

Posted By: Audit International | Latest Audit Information & News

Audit International- the leaders in Internal Audit and External Audit recruitment across Europe have learned that the drinks giant Coca-Cola will consolidate its 3 major bottling companies in a move to reduce costs amid sliding sales due to the competitive

EY affiliate (Ernst & Young ShinNihon LLC) launch internal investigation into Toshiba fraud audit.

Posted By: Audit International | Latest Audit Information & News

Audit International, the leading specialists in Internal and External Audit Recruitment across Europe, the US and Asia have come to know that a team of approx 20 executives have been formed to internally investigate their previous audits in Toshiba Corp

Big Four Audit firms unstoppable

Posted By: Jon Fernandez | Audit Salary & Big 4 Accounting firms & Internal Audit & Latest Audit Information & News & Risk Audit & Sarbanes-Oxley

Audit International, the leading specialists in Internal and External Audit Recruitment across Europe, the US and Asia have known that in 2014 PwC’s total fee income was £2.539bn, some £224m ahead of Deloitte (£2.315bn) according to the Financial Reporting Council’s

UK consulting fee income rises

Posted By: Jon Fernandez | Audit Salary & Big 4 Accounting firms & Latest Audit Information & News

Audit International, the leading specialists in Internal and External Audit Recruitment across Europe, the US and Asia have known that UK consultants saw a hike in fees during 2014, with the Big Four outperforming their competitors. According to the industry

ACCA and IIA Sign Pact on Accounting and Internal Auditing

Posted By: Jon Fernandez | Big 4 Accounting firms & FTSE 100 companies & Internal Audit & Latest Audit Information & News & Risk Audit & Sarbanes-Oxley

Audit International, the leading specialists in Internal and External Audit Recruitment across Europe, the US and Asia have known that The Institute of Internal Auditors and the Association of Chartered Certified Accountants have signed a memorandum of understanding aimed at

KPMG retains its position as the UK’s leading auditor

Posted By: Jon Fernandez | Big 4 Accounting firms & FTSE 100 companies & Internal Audit & Latest Audit Information & News & Risk Audit & Sarbanes-Oxley

Audit International, the leading specialists in Internal and External Audit Recruitment across Europe, the US and Asia have known that KPMG retains audit crown in latest Adviser Rankings in terms of overall stock market client numbers with 404 accounts, according

75 new partners at Deloitte UK

Posted By: Jon Fernandez | Big 4 Accounting firms & Internal Audit & Latest Audit Information & News & Sarbanes-Oxley

Audit International, the leading specialists in Internal and External Audit Recruitment across Europe, the US and Asia have known that the global leader firm providing audit, consulting, financial advisory, risk management, tax, and related services to select clients Deloitte, has

IIA brings up to date Internal Audit Practice Advisories on Quality Assurance

Posted By: Jon Fernandez | Big 4 Accounting firms & FTSE 100 companies & Internal Audit & Latest Audit Information & News & Risk Audit

Audit International, the leading specialists in Internal and External Audit Recruitment across Europe, the US and Asia have known The Institute of Internal Auditors (IIA) recently released nine new and updated practice advisories that provide guidance to internal auditors and

The Greatest Cities to Live in the World

Posted By: Jon Fernandez | Audit Salary & Big 4 Accounting firms & Internal Audit & Latest Audit Information & News

Audit International, the leading specialists in Internal and External Audit Recruitment across Europe, the US and Asia have known the list of the top 50 places in the world to live in 2015. Index factors include liveability, cost of living

Salaries and bonuses increase for accountants in the UK

Posted By: Jon Fernandez | Audit Salary & Audit Working Hours & Big 4 Accounting firms & FTSE 100 companies & Latest Audit Information & News

Audit International, the leading specialists in Internal and External Audit Recruitment across Europe, the US and Asia have learned that perspectives are positive for the accountancy profession in the UK as bonuses and salaries have raised. According to research from

IFRS Foundation publishes new appointments to its interpretations committee

Posted By: Jon Fernandez | Internal Audit & Latest Audit Information & News & Risk Audit & Sarbanes-Oxley

Audit International, the leading specialists in Internal and External Audit Recruitment across Europe, the US and Asia have learned that the board members of the IFRS Foundation, responsible for the governance and oversight of the International Accounting Standards Board (IASB),

Accountancy firms spread their services

Posted By: Jon Fernandez | Big 4 Accounting firms & Internal Audit & Latest Audit Information & News & Risk Audit & Sarbanes-Oxley

Audit International, the leading specialists in Internal and External Audit Recruitment across Europe, the US and Asia have learned more than 50% of accountancy firms are planning to diversify their range of services. In the other hand no more than

AIM audit market rankings published

Posted By: Jon Fernandez | Audit Salary & Big 4 Accounting firms & FTSE 100 companies & Internal Audit & Latest Audit Information & News & Risk Audit

Audit International, the leading specialists in Internal and External Audit Recruitment across Europe, the US and Asia have learned according to the April 2015 Adviser Rankings for the UK, that BDO has retained its premier ranking as the firm with the

PwC designates global insurance leader

Posted By: Jon Fernandez | Big 4 Accounting firms & Internal Audit & Latest Audit Information & News & Risk Audit & Sarbanes-Oxley

Audit International, the leading specialists in Internal and External Audit Recruitment across Europe, the US and Asia have learned the professional services firm PwC has named Stephen O’Hearn as its global insurance leader. He substitutes David Law, who retires in

Alliance between KPMG and SailPoint to help clients safeguard valuable information

Posted By: Jon Fernandez | Big 4 Accounting firms & FTSE 100 companies & Latest Audit Information & News

Audit International, the leading specialists in Internal and External Audit Recruitment across Europe, the US and Asia have learned the audit, tax and advisory firm, KPMG and SailPoint, the leader in identity and access management have recently signed an alliance

Excellent prospects for the German Economy

Posted By: Jon Fernandez | Audit Salary & Big 4 Accounting firms & FTSE 100 companies & Latest Audit Information & News

Audit International, the leading specialists in Internal and External Audit Recruitment across Europe, the US and Asia have learned that the prospects for the German economy remain “very good” with the weaker euro helping to offset sluggish growth in some

Changes and innovation in Audit reports

Posted By: Jon Fernandez | Big 4 Accounting firms & FTSE 100 companies & Internal Audit & Latest Audit Information & News & Risk Audit & Sarbanes-Oxley

Audit International, the leading specialists in Internal and External Audit Recruitment across Europe, the US and Asia have learned that Auditors in the UK are responding positively, and in some cases quite innovatively, to the UK’s new auditor reporting requirements.

IIA updates qualifications

Posted By: Jon Fernandez | Big 4 Accounting firms & FTSE 100 companies & Internal Audit & Latest Audit Information & News & Risk Audit

Audit International, the leading specialists in Internal and External Audit Recruitment across Europe, the US and Asia have learned the Chartered Institute of Internal Auditors is to update its qualifications to reflect the profession's increasingly global stance. IIA organization will

Switzerland leads ranking of global competitiveness

Posted By: Jon Fernandez | Latest Audit Information & News

According to a recent report published by World Economic Forum (WEF) Audit International, the leading specialists in Internal and External Audit Recruitment across Europe, the US and Asia have learned that Switzerland tops the overall rankings of 144 economies in

New strategic relationship between Microsoft and KPMG

Posted By: Jon Fernandez | Big 4 Accounting firms & Latest Audit Information & News & Uncategorized

Audit International, the leading specialists in Internal and External Audit Recruitment across Europe, the US and Asia have learned Microsoft and KPMG have announced recently an expansion to their strategic partnership to include a global partnership based on data and

The Big Four controls two thirds of the global accounting market

Posted By: Jon Fernandez | Big 4 Accounting firms & FTSE 100 companies & Latest Audit Information & News & Sarbanes-Oxley

Audit International, the leading specialists in Internal and External Audit Recruitment across Europe, the US and Asia have learned “The Big Four” controlled two thirds of global accounting market share in 2014 with a combined $120.2bn in fee income. Recently

Transfer of global economic power to emerging economies continues

Posted By: Jon Fernandez | Big 4 Accounting firms & Latest Audit Information & News

According to a recent survey entitled The World in 2050: Will the shift in global economic power continue? published by PwC economists, the global economic power shift away from the established advanced economies in North America, Western Europe and Japan will

Revenues of the 20 richest football clubs in the world reached £5.2 billion in the last season

Posted By: Jon Fernandez | Audit Salary & Big 4 Accounting firms & FTSE 100 companies & Latest Audit Information & News

Audit International, the leading specialists in Internal and External Audit Recruitment across Europe, the US and Asia have learned the revenues of the 20 richest football clubs in the world reached £5.2 billion in the 2013-14 season, up £669 million

German economy improving rapidly

Posted By: Jon Fernandez | Latest Audit Information & News

The German Central Bank announced yesterday in its monthly bulletin the economy has moved out of its soft patch at a much faster pace than previously expected aided by a weaker euro, leading to an improved outlook for Europe’s largest

Deloitte names first female CEO from among big accounting firms

Posted By: Jon Fernandez | Big 4 Accounting firms & Latest Audit Information & News

Audit International, the leading specialists in Internal and External Audit Recruitment across Europe, the US and Asia have just learned Cathy Engelbert is set to become Deloitte's chief executive in the United States after nearly three decades of working at

Big data: essential for accountancy success

Posted By: Jon Fernandez | Big 4 Accounting firms & FTSE 100 companies & Latest Audit Information & News

According to Iain Moffatt, Head of Enterprise at KPMG their reasons for creating the cloud-based service was partly a response to the prospect of large tech companies entering the accountancy market and using big data to steal market share from

Big 4 reports increasing difficulties for Audit committees in 2015

Posted By: Audit International | Big 4 Accounting firms & Internal Audit & Latest Audit Information & News & Risk Audit

Economic and political uncertainty fused with volatility, regulatory compliance, and operational risk continue to cause major angst among global audit committees, a survey bu Consulting giant KPMG has revealed. The survey of over 1,500 audit committee members across 36 countries

ECB determined to stimulate euro economy

Posted By: Jon Fernandez | Latest Audit Information & News & Uncategorized

Audit International, the leading specialists in Internal and External Audit Recruitment across Europe, the US and Asia have just learned the ECB (European Central Bank) will launch a government bond-buying programme which will pump hundreds of billions of new money

New Audit Standards embraced by ACCA

Posted By: Jon Fernandez | Big 4 Accounting firms & FTSE 100 companies & Internal Audit & Latest Audit Information & News & Risk Audit & Sarbanes-Oxley

Audit International, the leading specialists in Internal and External Audit Recruitment across Europe, the US and Asia have recently learned the ACCA (Association of Chartered Certified Accountants) welcomes and approves the IAASB’s (International Auditing and Assurance Standards Board new revisions

German economy grew by 1.5% last year

Posted By: Jon Fernandez | Audit Salary & Latest Audit Information & News

Audit International, the leading specialists in Internal and External Audit Recruitment across Europe, the US and Asia have recently learned that German economy was at its strongest in three years in 2014. The evolution of German economy during last year

Global economy will expand by 3 per cent in 2015

Posted By: Jon Fernandez | Latest Audit Information & News

Audit International, the leading specialists in Internal and External Audit Recruitment across Europe, the US and Asia have recently learned that The World Bank has projected global economy to grow by 3 per cent this year, noting that it is

Labour market: 2014 was best year of job growth since 1999 in the US

Posted By: Jon Fernandez | Latest Audit Information & News

Audit International, the leading specialists in Internal and External Audit Recruitment across Europe, the US and Asia have recently learned that last year was America's best year in terms of job growth since 1999. Furthermore, many economists expect 2015 to

Big firms rearrange their audit contracts for the New Year

Posted By: Jon Fernandez | Big 4 Accounting firms & FTSE 100 companies & Latest Audit Information & News

Audit International, the leading specialists in Internal and External Audit Recruitment across Europe, the US and Asia have recently learned that one in five FTSE-100 companies has put its audit contracts out to tender this year. As a consequence, a

Most recent audit regulation makes recruiting tougher

Posted By: Jon Fernandez | Big 4 Accounting firms & Internal Audit & Latest Audit Information & News & Risk Audit

The new audit rules introduced after the financial crisis are transforming the way that recruiters and managers hire, train and promote accountants and compliance officers. Regarding this matter, Gavin Aspden, director of qualifications at the Institute of Chartered Accountants in

Three Big Four firms monopolise IMA’s audit report awards

Posted By: Jon Fernandez | Big 4 Accounting firms & FTSE 100 companies & Internal Audit & Latest Audit Information & News & Risk Audit & Sarbanes-Oxley

Audit International, the leading specialists in Internal and External Audit Recruitment across Europe, the US and Asia have recently learned about the results of Audit report awards, organized by IMA, the worldwide association of accountants and financial professionals. Three of

Big4 banned on auditing companies in Saudi Arabia by Regulator

Posted By: Audit International | Big 4 Accounting firms & Internal Audit & Latest Audit Information & News

It is reported that Deloitte LLP may be obstructed from auditing companies in Saudi Arabia after the country’s market regulator communicated to firms registered in the kingdom to stop using its local services, according to reports. The Capital Market Authority

Financial markets prepare for Swiss gold referendum

Posted By: Jon Fernandez | Latest Audit Information & News

While Switzerland makes ready to vote this month on whether to force the country's central bank to increase its gold reserves, economists warn a 'Yes' vote could cause a lot of trouble in financial markets. The initiative "Save Switzerland's gold",

PwC becomes leading AIM 100 auditor

Posted By: Jon Fernandez | Big 4 Accounting firms & FTSE 100 companies & Internal Audit & Latest Audit Information & News & Risk Audit & Sarbanes-Oxley

Audit International, the leading specialists in Internal and External Audit Recruitment across Europe, the US and Asia have recently learned of the results of a new survey conducted by Advisor Rankings that the leading audit firm PwC has become the

The future of Audit

Posted By: Jon Fernandez | Big 4 Accounting firms & Internal Audit & Latest Audit Information & News & Risk Audit

According to recent statements of David Sproul, CEO of Deloitte, the future of audit will require a change in thinking from auditors, investors and companies. Definitely, Audit International, the leading specialists in Internal and External Audit Recruitment across Europe, the

Job growth increases as unemployment levels fall in the US

Posted By: Audit International | Latest Audit Information & News

October seen the US job growth increase considerably and the unemployment rate fell to a new six-year low of 5.8%, highlighting the economy's resilience in the face of slowing global demand. However this did not reflect the wage growth

Switzerland and Singapore rank highest among destinations for Auditors and ex-pat workers.

Posted By: Audit International | Latest Audit Information & News & Uncategorized

Switzerland and Singapore rank highest among destinations for ex pat workers. Audit International, the leading specialists in Internal and External Audit Recruitment across Europe, the US and Asia have recently learned of the results of a new survey conducted by

The importance of Internal Audit in IT

Posted By: Jon Fernandez | Big 4 Accounting firms & Internal Audit & Latest Audit Information & News & Risk Audit

According to Dave Roath, IT risk and security leader at PwC US and her colleague at the firm Carolyn Holcomb who is the data protection and privacy practice leader, businesses need internal audit to take the initiative and be more

Internal Audit’s perception moves more and more away from “policing function”

Posted By: Audit International | Latest Audit Information & News

According to the IIA’s chief executive Ian Peters, auditors were previously perceived in the business as spies or the police for the business.However, according to a recent study, it shows that this perception is continually being enhanced to show the

Singapore ranked as the best country to do business for a ninth consecutive year

Posted By: Jon Fernandez | Latest Audit Information & News

According to an annual report recently published by the World Bank, Singapore gets the first position on this prestigious rank. This is the ninth consecutive year in which the Asian country has been considered as the world’s best place for

Longer working week for Risk Auditors

Posted By: Audit International | Audit Salary & Audit Working Hours & Latest Audit Information & News & Risk Audit

According to a recent survey, there has been an increase in the average working week of risk professionals. The number of auditors who say they regualry work more than 50 hour week has significantly grown. However it is not

Grant Thornton confirms it will not follow Big 4 in providing legal services

Posted By: Jon Fernandez | Latest Audit Information & News

As Scott Barnes, UK chief executive at Grant Thornton recently declared, the world’s sixth-largest professional services firm has no plans to follow its big four rivals in providing legal services, believing that fact would conflict with its existing business within

Auditors reporting questioned by FRC for AIM listed companies

Posted By: Jon Fernandez | Latest Audit Information & News

The Financial Reporting Council's annual review of corporate reporting reveals that it approached nearly 4per cent of the companies whose reports it reviewed for further information or explanations. The majority of these were smaller organisations that will be targeted under

Audit Rotation Best Practices

Posted By: Audit International | Big 4 Accounting firms & FTSE 100 companies & Internal Audit & Latest Audit Information & News & PCAOB & Sarbanes-Oxley

Audit International has learned that for Auditors and best practices, rotation is key! For publicly traded companies, the audit process is among the more arduous and mundane of all corporate responsibilities. It claims the precious time spent and attention of

9 in 10 US Internal Auditors Received Pay Raises in 2014: Report

Posted By: Audit International | Internal Audit & Latest Audit Information & News

Audit International has learned that 2014 has marked the fifth consecutive year in which the percentage of US-based internal auditors who earned bigger paychecks increased, according to a new study from the Institute of Internal Auditors (IIA). This year, 92

PWC Announces 6% rise in revenues worldwide for year end June 2014

Posted By: Audit International | Latest Audit Information & News

PWC Announces 6% rise in revenues worldwide The leading global accounting firm, PricewaterhouseCoopers has announced 6% growth in the worldwide revenues for the year ending June 30, 2014 as well as also announcing that it increased its’s profits 6 percent

US Stock markets print record highs at Friday’s close.

Posted By: Audit International | Latest Audit Information & News

The leading list of shares in the US comprising of the S&P 500 and the Dow Jones Industrial Average have recorded recorded record high levels at their closing price on Friday last. Shares on the indices hit 52-week highs on

Eurozone employment continues the trend of growth.

Posted By: Audit International | Latest Audit Information & News & Uncategorized

Recent numbers reported that Euro zone employment levels are once again rising which in turn is adding further hope that EU recovery is well underway. Figures released by the EU statistics office show that the 18 countries in the Eurozone

GE extends bid deadline for Alstom energy sector

Posted By: admin | Latest Audit Information & News

General Electric has extended the deadline for its $16.9bn bid for the energy sector of Alstom. This will give the firm more time for talks with French ministers in the hope it will secure support for the deal. Alstom announced

Companies in the EU still in favour of the euro

Posted By: admin | Latest Audit Information & News

Auditing firm Grant Thornton interviewed a large number of chief executives, managing directors, chairmen and other senior executives of listed and private businesses to get their views on the euro. Over 90% of the 3,100 interviewed wanted the single currency

Fee caps and the black list leading audit firms to review how they tender for contracts

Posted By: admin | Latest Audit Information & News

Since the introduction of new auditing rules throughout Europe, many auditing firms are now reviewing how they tender for contracts. Under the new rules large listed companies are required to tender their audit contracts once every ten years. The new

KPMG retains Greggs audit contract

Posted By: admin | Latest Audit Information & News

KPMG have managed to retain their audit contract with Greggs, the pie and sandwich chain. The Big 4 firm has been Greggs’ auditors since the retailer listed on the London Stock Exchange in 1984. Greggs have not put their audit

Internal auditors racing to keep pace with technology

Posted By: admin | Latest Audit Information & News

Internal auditors have a strong desire to know more about emerging technologies and improve the way they use technology to perform their duties, according to a new survey. The survey included more than 600 internal auditors by global consulting firm

Big 4 audit firms see a lot of swapping of audit contracts

Posted By: admin | Latest Audit Information & News

Many companies are changing their long term auditors as a result of the new audit rules that have been put in place. The new audit rules state that companies must change their auditors every 10 years. The aim of these

Alstom may sell off energy business

Posted By: admin | Latest Audit Information & News

Alstom is a French world leading energy solutions and transport company. The company is to sell off its energy business in order to strengthen its transport business. General Electric has put in a bid for Alstoms energy business and the

European audit market reforms will affect New Zealand and other countries

Posted By: admin | Latest Audit Information & News

The European Parliament has passed new audit rules to address investor concerns over the excessive volume of non-audit services, long tenure of audit relationships and the quality of audit communication and this is likely to impact New Zealand subsidiaries and

London Stock Exchange swaps big 4 auditors

Posted By: admin | Latest Audit Information & News

The London Stock exchange has changed their auditor for the first time since becoming a listed company over 12 years ago. This is the latest company to change auditors since the introduction of the new audit rules brought in throughout

Russell Bedford Firms Win Major EC Audit Contract

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A major European Commission framework contract for audit services has been won by a grouping of three Russell Bedford member firms. The group, led by Lubbock Fine (London), includes Equation (Paris) and Domus (Berlin). Russell Bedford International is a global

FTSE 250 company swaps Deloitte for GT auditors

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The FTSE 250 Company Interserve is to change their auditors from Big 4 firm Deloitte to Grant Thornton. The change of auditors is as a result of the introduction of the new UK and EU audit rules. These new rules

Baker Tilly to join RSM International network

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Baker Tilly is to join RSM International network. Baker Tilly is to become accountancy network RSM International's UK member firm. The firm will formally join the network later this year following completion of their current notice period with existing network

PwC completes acquisition of Booz & Co

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Big 4 firm PWC has completed its acquisition of Booz & Co following regulatory and partner approval. Booz & Co is an international consultancy business and currently employs around 3,000 staff including 130 partners worldwide. Booz & Co are now

New EU Audit reforms passed in European parliament

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The new audit reforms have been passed in the European parliament on Thursday last. The European politicians voted in favor of the reforms that will see large-listed companies putting their audit contracts out to tender once every 10 years. Under

RSA to cap non-audit fees

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The RSA Insurance Group is to put a cap on the amount of non-audit fees that their auditors can earn. The capped amount will be 25% of the total audit fee. KPMG which are the company’s current auditors earned a

KPMG wins Compass audit while Balfour Beatty to put audit out to tender

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KPMG have become the new auditors for FTSE food and support services business Compass. The Big 4 firm replaces rival Big 4 firm Deloitte. Deloitte has been the auditors for Compass for the last number of years. In the 2013

Ernst & Young set to lose Weir Group audit

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The Weir Group is expected to put their audit out to tender in 2017. The FTSE 100 engineering company announced they expect to start the tender process in order to comply with the new UK and EU guidance. Ernst &

Big 4 firm wins FTSE 250 Derwent audit

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PWC has won the tender to become auditors for FTSE 250 real estate investor Derwent London. They replace current auditors BDO. Derwent put its audit out for tender in 2012. BDO earned £300,000 in audit fees last year. PWC will

Former KPMG partner Mark Hutchinson joins Ernst & Young

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Ernst and Young has strengthened it advisory practice through the recruitment of former KPMG partner Mark Hutchinson. Hutchinson joined KPMG firstly in 1992 when he started his career. He left the big 4 firm 2 years later to join CME

Barclays replace PwC as auditors after 120 years

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Barclays bank, which is Britain’s second-largest bank, is to replace the current auditor PWC. The Big Four firm has been the banks auditors for a total of 120 years. Audit firms can now compete for the audit contract but as

Quotas may be introduced on Swiss permits

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Swiss permits may become extremely hard to get after Swiss voters backed proposals to reintroduce immigration quotas with the European Union. Making it harder for Auditors and other business professional to move to Switzerland for work. While Switzerland is not

PwC acquires IT firm Mokum

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Big 4 firm PWC has acquired IT Consultancy Mokum. Mokum currently have 160 members of staff in their London and Manchester offices. These staff will now join the Big Four firm, with two of them made partner. Mokum specialises in

PwC wins Vodafone audit contract

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PWC has been appointed as the new auditors of Vodafone after Britain's second-largest listed company replaced its auditor for the first time since listing on the stock market. The Big 4 firm has replaced rival Deloitte. Deloitte had audited Vodafone's accounts

PwC picks up another major audit contract

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Big 4 firm PWC has won the audit contract for Electrocomponents, replacing rival Big 4 firm KPMG as auditors. Electrocomponents are a FTSE 250 distributor of electronics and maintenance products. PWC’s appointment as auditors is still subject to approval by the

FRC to review standard of bank audits

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The FRC is going to be analysing the audits of banks and building societies over this year. Attempts have been made to improve the quality of auditing of banks and building societies since the start of the financial crisis but

Audit contracts changing hands rapidly after new tendering rules

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Audit contracts are changing hands rapidly since the FRC and Competition Commission published their separate recommendations to enforce more frequent tendering of FTSE 350 audits. But recently KPMG managed to hang onto the Standard Chartered audit contract after it went

PwC wins British Land audit

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PWC has won the audit contract for British Land. The big 4 firm replaced rival Deloitte who have held the contract for over ten years. PWC’s appointment is subject to shareholder approval at British Land’s AGM later this year. According

BIG 4 firm KPMG retains Standard Chartered audit

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Big 4 firm KPMG has kept its £9m audit of Standard Chartered. Standard Chartered put the audit contract out to tender in August last year and it was expected that KPMG, who have been the banks auditor for 40 years,

Big 4 firm may lose major Vodafone audit contract

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In the last few months Deloitte has won many major audits but they may face losing the Vodafone audit contract. Vodafone has put its audit out to tender for the first time in 26 years. Vodafone has not changed auditors

EU legal affairs committee approves draft audit reform proposals

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The European Parliament's legal affairs committee have approved a draft agreement for EU audit reform in the hope that it will open up the EU audit services market beyond the dominant Big Four firms. The EUs legal affairs committee voted

Competition Commission delays audit reform consultation by up to 6 months

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The UK Competition Commission has put on hold its audit reform consultation process. The delay could last up to six months. The delay is because of recent developments at a European level. The Commission had been aiming to be at

PWC acquires consultancy firm Booz & Co

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PWC has acquired global consultancy firm Booz & Co. The deal will boost PWC’s revenues and increase their global workforce. Booz & Co. currently have around 3,000 staff including 130 partners worldwide. Before the deal could go through it had

GT appoints EY man as financial services tax partner

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Grant Thornton has strengthened its financial services tax team with the appointment of EY’s Richard Milnes as partner. Previous to his post at EY, Milnes also worked in in international tax for Shell and as head of tax planning for

Fees for non-audit services fall by almost a quarter

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Fees paid to the auditors of FTSE 350 companies for non-audit services has fallen by 24% over the last year, this is according to audit firm Grant Thornton. The audit firm’s twelfth annual Corporate Governance Review shows that fees paid

Auditors left in the dark as to what exactly will be on list of banned non-audit work

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The EU member states have preliminarily agreed the EU audit reform but this will mean auditors will be banned from offering certain non-audit services to their clients. EU member states preliminarily agreed the EU audit reform on Tuesday. Read more

Preliminarily agreement reached on the EU audit reform

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Finally a framework of EU audit reform was preliminarily agreed yesterday. A last minute deal was reached between politicians saving the reform from more setbacks. The framework of EU audit reform was preliminarily agreed yesterday during the final discussion between

Big 4 firm Deloitte win the audit contract for Spirax-Sarco

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Big 4 audit firm Deloitte have won the audit contract for Spirax-Sarco Engineering. The big 4 firm are replacing fellow big 4 audit firm, KPMG. Spirax-Sarco Engineering are a FTSE 250 company and are a leading British-based manufacturer of boiler

Audit & Big 4 firm KPMG posts all time high global revenues and recruit new partners

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KPMG has posted all time high global revenues of $23.4bn £14.3bn or €17bn. This was mainly due to the strong growth in the emerging markets. America grew by 6.7% while the EMA region grew by 2.6% with the strongest performances

FRC says it’s still commitment to international auditing standards

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The FRC has stated that it is still committed to the international auditing standards and has defended its decision to make changes to the UK auditing rules before recommendations are agreed at a global level. The ICAEW criticised the FRC

Big 4 audit firms appointed as new auditors for Berkeley Group and Marks & Spencers

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KPMG have become the new auditors for the housebuilder Berkeley Group while Deloitte are the new auditors for the high street retailer Marks & Spencer, both replacing PWC. KPMG took over the audit of Berkeley Group from PWC who have

Talks over the EU 10 year audit rotation have been put on hold

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Talks on the European Union imposing mandatory audit rotation on auditors have been put on hold by British MEP, Sajjad Karim. The negotiations are to get companies to change their auditors every ten years. These negotiations have now been placed

Unilever appoints audit firm KPMG as new auditor

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Unilever has dropped audit firm PWC as its auditor and appointed KPMG as its replacement. Unilever is a global multinational consumer goods company. Its products include foods, beverages, cleaning agents and personal care products. Unilever has more than 400 brands,

BDO see audit fees increase by 16% as firm hopes to increase revenue post merger

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Following the merger of BDO and PKF this year, the firm hope to raise their revenue next year. PKF’s financial planning division did not integrate with BDO. BDO’s revenues grew by 10% to £312m in ‘12/13. This figure also included

Global changes need to be made to auditor reporting rules

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With audit standard setters and policy makers having such different views on how auditor reporting should be done could put global consistency at risk and perhaps result in investors not getting the information they need. This is the warning from

PCAOB to help Accounting Firms expand into Consulting Practices

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The Public Company Accounting Oversight Board have approved their 2014 fiscal-year budget as well as a 2013-2017 strategic plan that will hopefully see accounting firms expanding into consulting practices. The PCAOB has noticed a growth in consulting revenue and acquisition

A number of audit firms and auditors disciplined by the PCAOB

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The Public Company Accounting Oversight Board has settled disciplinary orders involving three audit firms and 3 people within these firms. The PCAOB is charging them with violating the federal securities laws and not keeping to the PCAOB auditing standards and

Qualifications for internal auditors, external auditors and IT auditors

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There are many qualifications internal auditors, external auditors and IT auditors can study towards to better their audit careers. Possessing any of the qualifications or certifications can boost your chances of getting an audit job. Many audit job descriptions now

Audit jobs in Switzerland

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At Audit International we currently have a selection of audit jobs around Switzerland. At the moment the main regions of Switzerland that our roles are based in include Zurich, Geneva and Lausanne. (more…)

Who are the Big 4 firms in the audit market

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Within the audit market the Big 4 audit firms are Price Waterhouse Coopers (PWC), Ernst & Young (EY), Deloitte and KPMG. The Big 4 are the 4 audit firms who dominate the audit market. (more…)

Audit firm Grant Thornton has won a new contract in the audit market

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Grant Thornton has won the audit contract of the IFRS Foundation. The tender went out to the audit market and it involved seven audit firms battling it out to win the audit contract. (more…)

Audit firm KPMG has today launched KPMG Capital

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KPMG aims to help clients unlock tangible value of their ‘big data’. The audit firm is now branching into data and analytics (D&A). Companies are trying to stay one step ahead of their competitors by analysing their data and changing

Rankings of the top audit firms change within the audit market

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There has been movement in the rankings between the top audit firms according to the latest Adviser Rankings quarterly statistics. In regards to client market cap for AIM 100 clients, KPMG has moved up to third place with Grant Thornton

How to stand out in the audit market on LinkedIn

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More and more recruiters are using LinkedIn to head-hunt candidates, which is why it is of vital importance to have your profile up to date with as much detail as possible. In a way your profile is like a CV

BIS warned on consequences of raising audit thresholds

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The range of businesses that are exempt from having an audit may be increased. This will ultimately result in the quality of company accounts deteriorating, experts have warned. Changes to the EU's Accounting Directive that were voted through European Parliament

Firms react positively to CC ten-year tender plan

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Big Four and mid-tier firms have showed strong support for the Competition Commission’s final report on the statutory audit market. There has been widespread acceptance that change was needed within the audit market. James Chalmers, head of assurance at PwC,

EU is moving closer to imposing mandatory auditor rotation

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THE EUROPEAN UNION may impose a mandatory rotation on auditors following an agreement by member states to open talks with the European Parliament. Last week ambassadors of EU member states supported measures to cap non-audit fees and having companies switch auditors

Grant Thornton achieve record high revenue

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Grant Thornton LLP has achieved record high annual revenue mark. $1.274 billion in revenue was generated in fiscal year 2013 which is up 5 percent from the previous year. There has been revenue increases across various service lines at Grant

KPMG stays top of auditor rankings list

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KPMG HAS HELD onto its top spot as auditor for stock market clients with 376 listed clients followed by PwC, Deloitte, EY and BDO respectively. However, Mazars fell one place to 14 from 13 in the latest Adviser Rankings listing of

IIA to Launch Center for Government Auditing

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The Institute of Internal Auditors plans to open a new American Center for Government Auditing in early 2014 and has hired a new director to run it. The ACGA will offer specialized services to meet the needs of public sector

The Future of Auditing

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The past financial crisis that many economies all over the world experienced prompted a renewed interest in the role and importance of auditing. The future of auditing will therefore be closely tied to the continuous ripples of effects that the

Internal Auditors Could Make External Audits More Efficient – according to audit profession leaders

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Internal Auditors Could Make External Audits More Efficient, that is according to audit profession leaders. If internal auditors are frustrated about the extent to which external auditors rely on their work, they should circle the wagons internally and initiate dialogue

PwC picks up lucrative HSBC audit

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THE MOST LUCRATIVE AUDIT in the FTSE 100 has been awarded to PwC. The appointment cements PwC's position as the most dominant auditors of the banking industry, with the firm already vetting the accounts of Barclays and Lloyds Banking Group.

EY picks up two London-listed company audits

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EY HAS CONTINUED its run of recent audit wins by adding two London-listed businesses to its client base. EY has been appointed as auditors of Cape, a provider of industrial services to the energy sector. The tender process began in

Global Appetite for Deals Still Fragile as Confidence Wavers

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Confidence 14 percent higher than June 2012 but static since the start of the year Japan and US among top performers in both appetite and capacity for deal-making Healthcare, consumer discretionary and industrial sectors show highest confidence year-on-year Capacity to

U.K. proposal a second blow to mandatory audit firm rotation

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Mandatory audit firm rotation was not among the measures the U.K. Competition Commission (CC) proposed Monday to promote competition in the statutory audit services market. But the CC did include mandatory tendering every five years for the United Kingdom’s largest

Protiviti Examines Global Shift in Internal Audit Function

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The global consulting firm Protiviti has published a new study on how the internal audit function is changing at companies around the world as internal audit teams collaborate with more parts of the organization while also trying to maintain their

New duties on horizon for internal auditors

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Even as assurance and compliance responsibilities are expanding for internal auditors, a significant shift in their strategic duties is on the horizon, according to a new survey. More than half (54%) of respondents expect that in the next two years,

US lawmakers block ‘auditor rotation’

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US lawmakers have overwhelmingly voted against a controversial proposal that would have forced companies to switch accountants every few years. The Republican-controlled House of Representatives voted 321 to 62 in favour of a bill which bans mandatory “auditor rotation” –

Top five Bunge executives resign after internal audit into possible financial irregularities

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The American company Bunge have had five top executives at the Indian unit resign amid an internal audit into possible financial irregularities at the world's largest oilseeds processor and owner of domestic edible oils brands Dalda and Amrit. (more…)

EY has been appointed as auditor to Iberia, replacing incumbent auditors Deloitte

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Ernst & Young were already auditors of International Consolidated Airlines (IAG) and British Airways. Following the merger of Iberia with British Airways the Iberia audit had previously been retained by Deloittes. Hywel Ball, Head of Assurance, UK and Ireland at

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