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<br /> Issue 28 March/April 2016<br /> The magazine of the Chartered Institute of Internal Auditors<br /> Audit & Risk Awards 2016<br /> Nominate today!<br /> Plus: one year on at the Government Internal Audit Agency;<br /> providing cross-border assurance<br /> TeamMate®<br /> Ecosystem for Assurance<br /> Audit<br /> Controls<br /> Analytics<br /> To achieve new heights, finding the right balance of audit tools is essential.<br /> Only TeamMate offers an integrated set of solutions that include the industry’s<br /> leading audit management system, an innovative controls management<br /> system and powerful data analytics.<br /> TeamMate AM TeamMate CM TeamMate Analytics<br /> Learn more at: TeamMateSolutions.com<br /> Copyright © 2014 Wolters Kluwer Financial Services, Inc. All Rights Reserved. 3946<br /> Contents<br /> 12<br /> 16<br /> 24<br /> Front<br /> 3 the instit<a title="28 Audit and Risk Mar_Apr 2016 page 1" href="http://viewer.zmags.com/publication/c07bbc6b?page=1"> Issue 28 March/April 2016 The magazin</a> <a title="28 Audit and Risk Mar_Apr 2016 page 2" href="http://viewer.zmags.com/publication/c07bbc6b?page=2"> TeamMate® Ecosystem for Assurance Audit Contr</a> <a title="28 Audit and Risk Mar_Apr 2016 page 3" href="http://viewer.zmags.com/publication/c07bbc6b?page=3"> Contents 12 16 24 Front 3 the institute view Fro</a> <a title="28 Audit and Risk Mar_Apr 2016 page 4" href="http://viewer.zmags.com/publication/c07bbc6b?page=4"> What if you had more answers than questions? FI</a> <a title="28 Audit and Risk Mar_Apr 2016 page 5" href="http://viewer.zmags.com/publication/c07bbc6b?page=5"> View from the institute Membershipstronger unit</a> <a title="28 Audit and Risk Mar_Apr 2016 page 6" href="http://viewer.zmags.com/publication/c07bbc6b?page=6"> Prepare to be amazed An advanced risk and audit </a> <a title="28 Audit and Risk Mar_Apr 2016 page 7" href="http://viewer.zmags.com/publication/c07bbc6b?page=7"> View from IIA Global Culturerising to the chall</a> <a title="28 Audit and Risk Mar_Apr 2016 page 8" href="http://viewer.zmags.com/publication/c07bbc6b?page=8"> The UK’s biggest gathering of the internal audit </a> <a title="28 Audit and Risk Mar_Apr 2016 page 9" href="http://viewer.zmags.com/publication/c07bbc6b?page=9"> View from the top internal audit the long view</a> <a title="28 Audit and Risk Mar_Apr 2016 page 10" href="http://viewer.zmags.com/publication/c07bbc6b?page=10"> AddiTiOnAl newS, feATureS And viewS are posted on</a> <a title="28 Audit and Risk Mar_Apr 2016 page 11" href="http://viewer.zmags.com/publication/c07bbc6b?page=11"> Customers vote with their feet over data breaches</a> <a title="28 Audit and Risk Mar_Apr 2016 page 12" href="http://viewer.zmags.com/publication/c07bbc6b?page=12"> REPORTAGE Every year consultancy Control Risks la</a> <a title="28 Audit and Risk Mar_Apr 2016 page 13" href="http://viewer.zmags.com/publication/c07bbc6b?page=13"> Commodities supercycle Prices for energy and most</a> <a title="28 Audit and Risk Mar_Apr 2016 page 14" href="http://viewer.zmags.com/publication/c07bbc6b?page=14"> In assocIatIon wIth Best of the Best </a> <a title="28 Audit and Risk Mar_Apr 2016 page 15" href="http://viewer.zmags.com/publication/c07bbc6b?page=15"> “ We want to hear about people who have supported</a> <a title="28 Audit and Risk Mar_Apr 2016 page 16" href="http://viewer.zmags.com/publication/c07bbc6b?page=16"> In assocIatIon wIth 360 Assurance took h</a> <a title="28 Audit and Risk Mar_Apr 2016 page 17" href="http://viewer.zmags.com/publication/c07bbc6b?page=17"> To understand all of the nuances and go beyond si</a> <a title="28 Audit and Risk Mar_Apr 2016 page 18" href="http://viewer.zmags.com/publication/c07bbc6b?page=18"> Getting innovation right can catapult a company t</a> <a title="28 Audit and Risk Mar_Apr 2016 page 19" href="http://viewer.zmags.com/publication/c07bbc6b?page=19"> “Everyone tends to get very excit</a> <a title="28 Audit and Risk Mar_Apr 2016 page 20" href="http://viewer.zmags.com/publication/c07bbc6b?page=20"> 18 are still being monitored and managed; whethe</a> <a title="28 Audit and Risk Mar_Apr 2016 page 21" href="http://viewer.zmags.com/publication/c07bbc6b?page=21"> such initiatives are properly managed. “For examp</a> <a title="28 Audit and Risk Mar_Apr 2016 page 22" href="http://viewer.zmags.com/publication/c07bbc6b?page=22"> Sterling service It is nearly a year since the in</a> <a title="28 Audit and Risk Mar_Apr 2016 page 23" href="http://viewer.zmags.com/publication/c07bbc6b?page=23"> GIAA “The GIAA works with government departments’</a> <a title="28 Audit and Risk Mar_Apr 2016 page 24" href="http://viewer.zmags.com/publication/c07bbc6b?page=24"> 22 recognition that every choice we make about w</a> <a title="28 Audit and Risk Mar_Apr 2016 page 25" href="http://viewer.zmags.com/publication/c07bbc6b?page=25"> 23 “There is a tendency to address risks in t</a> <a title="28 Audit and Risk Mar_Apr 2016 page 26" href="http://viewer.zmags.com/publication/c07bbc6b?page=26"> 24 International audit Providing company-wide as</a> <a title="28 Audit and Risk Mar_Apr 2016 page 27" href="http://viewer.zmags.com/publication/c07bbc6b?page=27"> “Geographical or overseas- related ri</a> <a title="28 Audit and Risk Mar_Apr 2016 page 28" href="http://viewer.zmags.com/publication/c07bbc6b?page=28"> 26 audit of a business unit or of a process acro</a> <a title="28 Audit and Risk Mar_Apr 2016 page 29" href="http://viewer.zmags.com/publication/c07bbc6b?page=29"> “Putting standards into practice can prove difficu</a> <a title="28 Audit and Risk Mar_Apr 2016 page 30" href="http://viewer.zmags.com/publication/c07bbc6b?page=30"> Internal audit should play an important role in e</a> <a title="28 Audit and Risk Mar_Apr 2016 page 31" href="http://viewer.zmags.com/publication/c07bbc6b?page=31"> The risk that’s genuinely new is cyber, whether m</a> <a title="28 Audit and Risk Mar_Apr 2016 page 32" href="http://viewer.zmags.com/publication/c07bbc6b?page=32"> 30 “For Crossrail the majority of risks, by volu</a> <a title="28 Audit and Risk Mar_Apr 2016 page 33" href="http://viewer.zmags.com/publication/c07bbc6b?page=33"> “Centrica’s internal auditors are involved in an </a> <a title="28 Audit and Risk Mar_Apr 2016 page 34" href="http://viewer.zmags.com/publication/c07bbc6b?page=34"> Take the CIA and join the global profession The </a> <a title="28 Audit and Risk Mar_Apr 2016 page 35" href="http://viewer.zmags.com/publication/c07bbc6b?page=35"> You asked us Q&A our technical helpline provide</a> <a title="28 Audit and Risk Mar_Apr 2016 page 36" href="http://viewer.zmags.com/publication/c07bbc6b?page=36"> Looking for more? go onLine Visit www.auditandris</a> <a title="28 Audit and Risk Mar_Apr 2016 page 37" href="http://viewer.zmags.com/publication/c07bbc6b?page=37"> IIA conferences South West conference Leading t</a> <a title="28 Audit and Risk Mar_Apr 2016 page 38" href="http://viewer.zmags.com/publication/c07bbc6b?page=38"> Tools for the job The insightful internal audit</a> <a title="28 Audit and Risk Mar_Apr 2016 page 39" href="http://viewer.zmags.com/publication/c07bbc6b?page=39"> YOU MAKE ALL THE DIFFERENCE ACHIEVE </a> <a title="28 Audit and Risk Mar_Apr 2016 page 40" href="http://viewer.zmags.com/publication/c07bbc6b?page=40"> Student noticeboard Examworkshops Build your </a> <a title="28 Audit and Risk Mar_Apr 2016 page 41" href="http://viewer.zmags.com/publication/c07bbc6b?page=41"> YOUR NEXT BIG MOVE IN AUDIT CORPORATE AUDIT EXE</a> <a title="28 Audit and Risk Mar_Apr 2016 page 42" href="http://viewer.zmags.com/publication/c07bbc6b?page=42"> global brand boutique offering </a> <a title="28 Audit and Risk Mar_Apr 2016 page 43" href="http://viewer.zmags.com/publication/c07bbc6b?page=43"> Training New training courses Our new training </a> <a title="28 Audit and Risk Mar_Apr 2016 page 44" href="http://viewer.zmags.com/publication/c07bbc6b?page=44"> Events Browse and book our programme of ev</a> <a title="28 Audit and Risk Mar_Apr 2016 page 45" href="http://viewer.zmags.com/publication/c07bbc6b?page=45"> corporate governance recruitment Director of I</a> <a title="28 Audit and Risk Mar_Apr 2016 page 46" href="http://viewer.zmags.com/publication/c07bbc6b?page=46"> corporate governance recruitment Banking </a> <a title="28 Audit and Risk Mar_Apr 2016 page 47" href="http://viewer.zmags.com/publication/c07bbc6b?page=47"> IT Audit Audit Manager – IT & Change Edinbu</a> <a title="28 Audit and Risk Mar_Apr 2016 page 48" href="http://viewer.zmags.com/publication/c07bbc6b?page=48"> corporate governance recruitment Senior Inte</a>