IIA in the Press

Controls Aid Internal Audit Hiring
May 2010 | AFR
Listed company audit committees have tightened their internal audit control by removing reporting lines to management. The conclusion was reached from the findings of a joint survey by risk consultants Protiviti and the Institute of Internal Auditors Australia (IIA). 

Risk Management Mandatory
May 2010 | Management Today
Risk management assurance must be removed from the ASX Corporate Governance Council's optional 'if not, why not' regime and elevated to the status of a mandatory ASX listing rule, says the Institute of Internal Auditors Australia (IIA).

Laying Down the Internal Audit Law
Apr 2010 | Risk
The IIA recently called for non-negotiable risk assurance standards to be introduced for ASX-listed companies. Craig Donaldson examines how public companies fare when it comes to internal audit and looks at the implications of the IIA's policy in practice.

National Nine News
Apr 2010 | Nine Network 
IIA Director Gary Anderson was called on for comment regarding the Melbourne Storm salary cap scandal. Excerpts from the interview went to air on the National Nine News on April 27.

Internal Audit 'Non-negotiable': IIA
Mar 2010 | Risk
The Institute of Internal Auditors has called for "non-negotiable" risk assurance standards to be introduced for ASX-listed companies. The call for mandatory audit requirements came as part of a broader call by the IIA for its policy agenda to be adopted across the Australian private, public and not-for-profit sectors.

Governance in Government: A Long Way to Go
Mar 2010 | Risk
Recent events including the Federal Government's home insulation bungle have highlighted how far the public sector needs to go to integrate best practice governance, risk management and compliance. IIA board director Gary Anderson comments in this article.

Auditors Want Mandatory Risk Management Standards 
Mar 2010 | insuranceNEWS.com.au
The Institute of Internal Auditors (IIA) has called for strict regulatory standards around risk management, pointing to the global financial crisis as evidence of the perils of excessive risk-taking.  

Call for Internal Audits to be Mandatory 
Feb 2010 | afr.com
A call for mandatory internal audit is one of five governance principles articulated in the Institute of Internal Auditors' policy agenda which was launched at Parliament House on Wednesday 24 February. Speaking at the launch, Institute of Internal Auditors director Gary Anderson said that many companies lacked acceptable frameworks to identify and manage risks under the current regime. Lindsay Tanner, Minister of Finance and Deregulation, commented on the need to improve risk management in the wake of the global financial crisis.  

Road to Recovery Paved with Risks
Nov 2009 | Risk
Brighter economic times may be on the horizon but companies need to strengthen their risk management now to avoid potholes along the way. Companies that do not ramp up their risk and control frameworks to match the surge in business from an improving economy could suffer major financial losses …according to Cathy Blunt, vice president of IIA.

Time to Assess Risk
Nov 2009 | BRW
Organisations are urged to strengthen their risk and control systems in preparation for the improving economy. Cost-cutting during the economic slump had depleted the risk-management process of many companies. Cathy Blunt, vice-president, IIA comments in this short article.

When Two’s Better than One
Sept 2009 | Risk
Last month a FTSE 250 company caused controversy by replacing its external and internal audit firms with a single firm. Christopher McRostie, Chief Executive of the Institute of Internal Auditors, shares his views on the development.

Back from the GFC
Sept 2009 | Risk
In this comprehensive analysis, Sally-Anne Pitt, manager consulting and quality services at the Institute of Internal Auditors, explains how to more effectively integrate risk management and internal audit for better governance.

Australians Storm the Board of Global Internal Audit Body
May 2009 | Risk Magazine
Internal auditors need to become more proactive in using their expertise in risk management, control and governance to assist boards and management steer their organisations out of difficult times according to the IIA president, Andrew Dix.

IIA Warns on Audit Cuts 
April 2009 | Risk Magazine
The economic crisis is forcing many companies to adopt a slash and burn approach to internal audit. The IIA expresses concern.

Company Audits Compromised 
15 April 2009 | Investor Daily | Julie May
Some listed companies compromise independent audit functions by ignoring governance standards.

Companies Neglect Internal Auditors  
14 April 2009 | Business News  | Edited announcement 
Many Australian listed companies are neglecting fundamental governance standards by failing to establish an independent internal audit function. 

Auditors are Compromised, Studies Show  
3 April 2009 | Financial Review | Mark Fenton-Jones 
Dangerous conflicts of interest can arise when internal auditors aren't given independence.

Internal Audit 'Becoming Key Indicator'  
23 March 2009 | Sydney Morning Herald and The Age
Regnan Managing Director Erik Mather addresses the Institutes of Internal Auditors conference, SOPAC and relates that the health of a company's internal audit is now seen as an early warning indicator of the overall health of a company.