Chartered IIA

Chartered IIA and ISACA call for swift audit reform to build digital resilience

The Chartered Institute of Internal Auditors (Chartered IIA) and ISACA, the global professional association helping individuals and organisations in their pursuit of digital trust, have sent a letter to Rt Hon Jonathan Reynolds MP, Secretary of State for Business and Trade, stressing the “urgent need” for audit reform legislation to…

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AI fastest rising risk to business, says CIIA

Businesses across the UK, Ireland and Europe are rapidly changing their attitudes towards risk in response to the swift evolution of technological threats that are “transforming the risk landscape like never before”, according to the Chartered IIA’s (CIIA) annual Risk in Focus 2025 report. The report tracks the risks facing…

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Chartered IIA to launch new Internal Audit Code to improve corporate governance

The Chartered Institute of Internal Auditors (Chartered IIA) has announced an overhaul of its two Codes of Practice (for financial services and non-financial services), that aims to deliver a stronger internal audit profession to support efforts to improve audit and corporate governance. A draft version of a new combined Internal…

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Chartered IIA urges OFWAT to address audit weaknesses

The Chartered Institute of Internal Auditors (Chartered IIA) has raised concerns about audit weaknesses at several major water suppliers. Chartered IIA said that Ofwat has “so far failed to put in place any requirement for water suppliers to have internal audit capability”, which would help them self-identify weaknesses. This is…

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Chartered IIA welcomes FRC changes to UK Corporate Governance Code

The Chartered Institute of Internal Auditors (IIA) has welcomed stronger focus on internal controls in the revised UK Corporate Governance Code announced by the FRC yesterday (22 January). The revisions will enhance transparency and accountability of UK plc and help support the growth and competitiveness of the UK and its…

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Chartered IIA names Anne Kiem OBE as new CEO  

The Chartered Institute of Internal Auditors (Chartered IIA) has appointed Anne Kiem OBE as its new chief executive. She replaces interim CEO John Wood who stepped down in December 2022. Kiem has “extensive leadership experience” in the business, educational and non-profit sectors, according to Chartered IIA.  She joins from the…

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Chartered IIA welcomes draft audit reform commitment in Queen’s Speech

The Chartered IIA has “welcomed the commitment” to draft audit reform bill in Queen’s Speech but calls on Government to “now get on” and issue its full response to Audit White Paper it published over a year ago. As part of the 140-page document accompanying the Queen’s Speech yesterday (10…

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Chartered IIA raises concerns over audit reform reports

The Charter Institute of Internal Auditors (Chartered IIA) has penned a letter to the business secretary Kwasi Kwarteng raising its concerns that the government may considering “watering down” its proposed audit reforms. The letter comes after recent speculation that the Government could be planning to change the original proposals it…

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90% of firms unprepared for climate change risks, Chartered IIA warns

The Chartered IIA has found that around nine in 10 organisations are not committing “major time and effort” to prepare for the rising risk of climate change, and is calling on businesses to act now to avoid disruption in the future. It comes amid the release of its latest Risk…

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Chartered IIA report highlights top risks in industry

The Chartered Institute of Internal Auditors has released its annual Risk in Focus 2021 report, which tracks the risks facing organisations year-on-year through the findings of 579 chief audit executives (CAEs). The latest survey suggests businesses across the UK, Ireland and the rest of Europe have “significantly shifted” their attitudes…

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