Media, policy & public affairs hub for the Chartered Institute of Internal Auditors. #InternalAudit news & insights. Interactions are not endorsements.
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🧵This account is only for media & policy related posts from the Chartered IIA. If you'd like to follow our other social media accounts, you can do so on:
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We can't believe it's almost been a week since the Internal Audit Conference - and the buzz is still very much alive!
Check out our Flickr album for more highlights: bit.ly/4dn1bVX
We welcome @AuditScotland's new Code of Audit Practice, with a strong emphasis on robust internal audit and clear expectation to follow @TheIIA Global Internal Audit Standards. 🏴🇬🇧🌐✅We're pleased to have advocated for these changes.📢Download it here: audit.scot/publications/code…
Today we met with Blair McDougall MP at @biztradegovuk to discuss the vital role of internal audit in tackling today’s risks, from fraud to cyber.🌐We also highlighted the case for stronger corporate reporting and reform, and a statutory footing for the FRC.📊Looking forward to continued engagement.🤝
🔎📰What's the cost of neglecting internal audit? We're pleased that @BoardAgenda has published an opinion piece on our new research, which revealed that @TheFCA has fined firms over £1bn for internal control failures over the last 5 years.🚨‼️ Read it here👀 boardagenda.com/2026/05/05/t…
🔎📰Check out this interesting and insightful @OptroHQ blog by @rfchambers on our new research report, which has revealed that over half of all the fines issued by @TheFCA over the last five years were related to internal control failures. 🚨‼️Read it here 👀: optro.ai/blog/internal-contr…
🔎 Check out this @BoardAgenda story on our new research report, Internal Control Failure!📊Our analysis reveals that @TheFCA has fined firms more than £1bn for internal control failures over the past five years.👉 Read it here: boardagenda.com/2026/04/24/i…
🔍 Check out this insightful @AccountancyAge story reporting on our new research, which found that @TheFCA has fined firms more than £1bn over the last five years for internal control failures.📊Read the piece here: accountancyage.com/2026/04/2…
🔍 Over the past 5 years, the @TheFCA has fined firms more than £1bn for internal control failures. That is the headline finding from our new report, Internal Control Failure. The report analyses FCA fines linked to weak, missing or ineffective controls and sets out key lessons. 📘 Download the report here: charterediia.org/content-hub…
🚨☣️🔍 When risks converge, are organisations ready? Read our latest opinion piece for @NatPrepCom on Risk in Focus and what organisational preparedness looks like for 2026📰👇
nationalpreparednesscommissi…
Find out more about how we are working hard to advocate for the internal audit profession in this latest advocacy round-up blog✅📢. Read it here👉 charterediia.org/advocacy/ad…
Today, we sent MPs and Peers our new parliamentary briefing calling for stronger governance of water companies, including making internal audit mandatory across the sector. The recent failures show why action is needed. Read it here: 💧🚰🚿🥤👇
charterediia.org/media/fvbfq…
We were delighted to contribute to this new @ICAEW guide: What audit committees want directors to understand.✅Great to see the guide for first‑time directors referencing our Internal Audit Code of Practice throughout.📘🔍Read the guide here 👉 icaew.com/technical/audit-an…
We’ve made a splash in @watermagtweets! 💧☔️🚱Our latest warning to @DefraGovUK highlights a serious governance gap at South East Water - the absence of an internal audit function. Strong assurance should be seen as vital in such a critical public service. Read the story here: watermagazine.co.uk/2026/02/…
Thanks to @Feargal_Sharkey for supporting our letter to @DefraGovUK about South East Water's lack of an internal audit function. We first flagged this to @Ofwat two years ago and warned of exactly the kind of failures we've now seen with devasting impacts for customers.
"South East Water still has ‘troubling’ governance gap, warn auditors."
I suspect there'll be 100,000 people in Tunbridge Wells and surrounding area not in the least surprised by any of that.
ft.com/content/375b6647-8531…
We’ve written to the Minister for Water and Flooding about South East Water’s lack of an internal audit function💧following recent supply issues in Kent and Sussex. Water companies are not required to have internal audit despite being critical national infrastructure⚠️Read our @FT coverage here: ft.com/content/375b6647-8531…
It is great to see @BoardAgenda publish this insightful comment piece by our President, Arleen McGichen💡In the article, Arleen warns that the @biztradegovuk decision to abandon audit reform has come at the worst possible time⚠️📉Read the piece here:
boardagenda.com/2026/01/30/t…
Read our open letter to @peterkyle @biztradegovuk, which sets out why the Government’s audit reform U-turn represents a step backwards for accountability and effective governance. Leading organisations including @The_IoD, @NEDonBoard, @ShareAction, and @UKshareholders have joined us in calling this out.
