Holiday Time!
We are now firmly in the school summer holidays where traditionally many families will take time to be together. This can impact on internal audit’s plan of work as stakeholders are not available – and rightly so! So, the summer can be a time for personal reflection and development and looking at internal audit methodologies.
Technical Content
Here at the Chartered IIA we have recruited a new Professional Practice Manager – Fiona Case. Fiona comes with many years of experience in internal audit and she will be developing a strategy and plan for our technical content to ensure it keeps pace with member needs. She will be reinvigorating our volunteer guidance group very soon and this could be an opportunity to support your personal development, so if you would like to get involved then please email technical@charterediia.org
Global IIA
It has been a very busy 2 months at The IIA. Not only has there been the international conference in Toronto, but they have also published the new competency framework guidance and tool and also published another topical requirement for consultation – organisational behaviour. I want to encourage everyone who has time to look at both.
The Internal Auditing Competency Framework is totally flexible but includes robust guidance on how to use and apply the framework, it also explains the rationale and how it supports conformance with the Global Internal Audit Standards. The guidance and tool include not only a template for assessment of individuals and the team as whole but also pen portraits of different internal audit roles and where proficiency levels may sit for each of these. You can use the guidance and tool as a benchmark for a competency framework you already have, or as a strong ‘starter for ten’ if you want to put one in place. The Competency Framework puts competency reflection and development firmly on the agenda.
The Organisational Behaviour Topical Requirement is still out for consultation. Please review it and complete the feedback survey to help shape this and please make sure you watch the introductory video which explains why it has been developed as it has. Topical Requirements are mandatory and while the first ones are still being drafted this is a good time to consider how you can embed their use into your existing internal audit methodologies, so that the evidence requirements are not burdensome.
Research
Risk in Focus 2026 is nearing its launch in late September and the report is taking shape. We are also producing a 10 year anniversary report, looking back at how this has progressed but also how risk and audit time has moved.
We have also completed the member survey and the analysis is taking shape. We aim to produce a member report in the Autumn once we have completed the analysis and discussed and produced the action plan to address the points raised. Thank you to everyone whop participated and remember you can provide feedback at any time by contacting the membership team.
If you have any ideas for guidance for the Content Hub then please email us: technical@charterediia.org.