The Changing Role of Internal Auditors

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2 Responses

  1. Peter Wilkinson says:

    Internal auditing is an important tool and a related area is third party auditing. This is an approach that has yet to take hold. (I was co-author of the TI Assurance Framework published in June which covers assurance of the design of an anti-bribery programme*).  It may be some time before companies feel confident enough to undergo external assurance and that will depend on the willingness of assurers to take on such engagements. The accountants are concerned about liability risks and also potential public misunderstanding of the assurance report. On another front we are seeing interest in certification as the BSI 10500 Specification for an Anti-bribery Management System was published last November and some companies are now undergoing  certification against this. A proposal is now going into ISO for a global certification standard.

    *http://www.business-anti-corruption.com/fileadmin/user_upload/pdf/TI-Assurance-Framework.pdf

    Peter Wilkinson

    Peter Wilkinson associates

  2. Anthony O'Reilly says:

    I ran the quality program for internal audit at Siemens during the post-bribery reconstruction from October 2008 onwards. I developed an assurance approach for us to use and am convinced it changes the game completely for internal audit as well as for management.  However, there are challenges.  Not least in educating all (management as well as the auditors themselves) about what it means to deliver assurance, adopting new disciplines and being very careful to distinguish between positive assurance and unqualified opinions. This is far from easy to accomplish but I firmly believe the profession needs to go this way, otherwise, there is no clear, market-wide standard that governs the deliverable of internal auditors.  And yet, we audit against clear, market wide regulations.