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<br /> Issue 29 May/June 2016<br /> The magazine of the Chartered Institute of Internal Auditors<br /> Audit & Risk<br /> Awards 2016<br /> Last call for<br /> nominations!<br /> Back on<br /> track<br /> Saleem Chowdhery,<br /> director of group<br /> internal audit at the<br /> Co-operative Group,<br /> on returning a British<br /> institution to its<br /> former glory<br /> Book your place at the institute’s annual conference at www.iia.org.uk/ia16<br /> Read our interview with keynote speaker Nicola Horlick on page 6<br /> TeamMate®<br /> Analytics<br /> Data analysis for every audit<br /> Integrates with TeamMate Audit Management<br /> System and available for standalone use<br /> Learn more at<br /> TeamMateSolutions.com/Analytics<br /> or call +44 203 197 6566<br /> Contents<br /> 16<br /> 24<br /> 6<br /> Front<br /> 3 the institute view<br /> From the chief executive,<br /> Ian Peters.<br /> 5 World view<br /> From Richard F Chamber<a title="29 Audit and Risk May_Jun 2016 page 1" href="http://viewer.zmags.com/publication/2f40b928?page=1"> Issue 29 May/June 2016 The magazine </a> <a title="29 Audit and Risk May_Jun 2016 page 2" href="http://viewer.zmags.com/publication/2f40b928?page=2"> TeamMate® Analytics Data analysis for every audit</a> <a title="29 Audit and Risk May_Jun 2016 page 3" href="http://viewer.zmags.com/publication/2f40b928?page=3"> Contents 16 24 6 Front 3 the institute view Fro</a> <a title="29 Audit and Risk May_Jun 2016 page 4" href="http://viewer.zmags.com/publication/2f40b928?page=4"> Symbiant gives you the tools to work better </a> <a title="29 Audit and Risk May_Jun 2016 page 5" href="http://viewer.zmags.com/publication/2f40b928?page=5"> View from the institute Cultureembedding best b</a> <a title="29 Audit and Risk May_Jun 2016 page 6" href="http://viewer.zmags.com/publication/2f40b928?page=6"> TeamMate® Ecosystem for Assurance Audit Contr</a> <a title="29 Audit and Risk May_Jun 2016 page 7" href="http://viewer.zmags.com/publication/2f40b928?page=7"> View from IIA Global heads of audit hiring, f</a> <a title="29 Audit and Risk May_Jun 2016 page 8" href="http://viewer.zmags.com/publication/2f40b928?page=8"> Taking the lead This year the Chartered IIA’s ann</a> <a title="29 Audit and Risk May_Jun 2016 page 9" href="http://viewer.zmags.com/publication/2f40b928?page=9"> If you think of the really successful businesses </a> <a title="29 Audit and Risk May_Jun 2016 page 10" href="http://viewer.zmags.com/publication/2f40b928?page=10"> #IA16 SPEAKERS Nicola Horli</a> <a title="29 Audit and Risk May_Jun 2016 page 11" href="http://viewer.zmags.com/publication/2f40b928?page=11"> View from the top VirtuesPassion. Commitment. I</a> <a title="29 Audit and Risk May_Jun 2016 page 12" href="http://viewer.zmags.com/publication/2f40b928?page=12"> 10 REPORTAGE Now in its 11th year, the Global Ri</a> <a title="29 Audit and Risk May_Jun 2016 page 13" href="http://viewer.zmags.com/publication/2f40b928?page=13"> The t op obal </a> <a title="29 Audit and Risk May_Jun 2016 page 14" href="http://viewer.zmags.com/publication/2f40b928?page=14"> AdditionAl newS, FeAtuReS And viewS are posted on</a> <a title="29 Audit and Risk May_Jun 2016 page 15" href="http://viewer.zmags.com/publication/2f40b928?page=15"> Report outlines governance “red f lags” that the</a> <a title="29 Audit and Risk May_Jun 2016 page 16" href="http://viewer.zmags.com/publication/2f40b928?page=16"> In assocIatIon wIth </a> <a title="29 Audit and Risk May_Jun 2016 page 17" href="http://viewer.zmags.com/publication/2f40b928?page=17"> “We are extremely proud to recognise the very bes</a> <a title="29 Audit and Risk May_Jun 2016 page 18" href="http://viewer.zmags.com/publication/2f40b928?page=18"> 16 Brexit strategy On 23 June the UK will decide</a> <a title="29 Audit and Risk May_Jun 2016 page 19" href="http://viewer.zmags.com/publication/2f40b928?page=19"> One of the biggest challenges of preparing for Br</a> <a title="29 Audit and Risk May_Jun 2016 page 20" href="http://viewer.zmags.com/publication/2f40b928?page=20"> 18 there is more certainty.This lack of certaint</a> <a title="29 Audit and Risk May_Jun 2016 page 21" href="http://viewer.zmags.com/publication/2f40b928?page=21"> European business partners. “As an audi</a> <a title="29 Audit and Risk May_Jun 2016 page 22" href="http://viewer.zmags.com/publication/2f40b928?page=22"> r, 20 Close co-operation After a challen</a> <a title="29 Audit and Risk May_Jun 2016 page 23" href="http://viewer.zmags.com/publication/2f40b928?page=23"> “The key word here is ‘reputation’. As a co-opera</a> <a title="29 Audit and Risk May_Jun 2016 page 24" href="http://viewer.zmags.com/publication/2f40b928?page=24"> “It’s still a work in progress, but it feels like</a> <a title="29 Audit and Risk May_Jun 2016 page 25" href="http://viewer.zmags.com/publication/2f40b928?page=25"> judgements themselves about the key risks to the </a> <a title="29 Audit and Risk May_Jun 2016 page 26" href="http://viewer.zmags.com/publication/2f40b928?page=26"> 24 “Lord Carter’s review found unwarranted varia</a> <a title="29 Audit and Risk May_Jun 2016 page 27" href="http://viewer.zmags.com/publication/2f40b928?page=27"> Health scare The UK’s National Health Service is </a> <a title="29 Audit and Risk May_Jun 2016 page 28" href="http://viewer.zmags.com/publication/2f40b928?page=28"> £2.72bn 26 industry sectors. The intro</a> <a title="29 Audit and Risk May_Jun 2016 page 29" href="http://viewer.zmags.com/publication/2f40b928?page=29"> “The final report of the Carter review, published</a> <a title="29 Audit and Risk May_Jun 2016 page 30" href="http://viewer.zmags.com/publication/2f40b928?page=30"> “There’s a growing recognition that whistleblowin</a> <a title="29 Audit and Risk May_Jun 2016 page 31" href="http://viewer.zmags.com/publication/2f40b928?page=31"> Inside job Not only is the majority of fraud perp</a> <a title="29 Audit and Risk May_Jun 2016 page 32" href="http://viewer.zmags.com/publication/2f40b928?page=32"> “In the retail sector companies like Amazon, for </a> <a title="29 Audit and Risk May_Jun 2016 page 33" href="http://viewer.zmags.com/publication/2f40b928?page=33"> “ The rogue trader Kweku Adoboli cost UBS £1.3bn </a> <a title="29 Audit and Risk May_Jun 2016 page 34" href="http://viewer.zmags.com/publication/2f40b928?page=34"> Become a Chartered Internal Auditor Master the st</a> <a title="29 Audit and Risk May_Jun 2016 page 35" href="http://viewer.zmags.com/publication/2f40b928?page=35"> You asked us Q&A Q.How is the profession regul</a> <a title="29 Audit and Risk May_Jun 2016 page 36" href="http://viewer.zmags.com/publication/2f40b928?page=36"> Looking for more? go onLine Visit www.iia.org.uk </a> <a title="29 Audit and Risk May_Jun 2016 page 37" href="http://viewer.zmags.com/publication/2f40b928?page=37"> IIA Midlands conference Join us at this one day </a> <a title="29 Audit and Risk May_Jun 2016 page 38" href="http://viewer.zmags.com/publication/2f40b928?page=38"> Tools for the job All present and correct </a> <a title="29 Audit and Risk May_Jun 2016 page 39" href="http://viewer.zmags.com/publication/2f40b928?page=39"> What if you had more answers than questions? 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