Internal and External Auditing: Why Are Both Important?
Let’s dive into internal and external auditing. If you’re running a business or are part of a business leadership team, you’ve likely encountered internal and external audits. Perhaps you have even been involved in one or both. But do you fully understand what distinguishes them and why they could both be important to your business? […]
Proposed Changes and Implications – International Standards For Internal Audit
The International Professional Practices Framework (IPPF) is a set of professional standards and guidelines that provide a framework for internal auditors to follow in carrying out their work. The IPPF is published by the Institute of Internal Auditors (IIA), and it has been widely adopted by internal auditors around the world. The IIA plays a […]
NSW Local Govt release Draft Guidelines for Risk Management and Internal Audit Framework
The Office of Local Government (OLG) NSW has released an updated ‘Draft Guidelines for Risk Management and Internal Audit Framework for Local Councils in NSW’. These draft guidelines, published in August 2021, are based upon a previous discussion paper issued in 2019 which had over 150 submissions from key stakeholders in the local government sector. […]
The Future for Internal Auditors working in Public and Private Sectors
Article by Phil Swaffield, Assurance & Advisory Manager at National Audits Group, published by ForAccountants. In March 2020, the Institute of Internal Auditors (Australia) released a Benchmark Study focusing on the value that internal auditors provide to the organisations that they serve. The report identified some significant challenges in harnessing opportunities for innovation and increased value from […]
Celebrating #AuditorProud day 2019
Yesterday the whole team got on board to celebrate #AuditorProud Day. On this day each year, auditors reflect on what it is they love about auditing. We celebrated in style with morning teas and group photos, and everyone had something to say… “Auditing has been my whole working life, it is where I meet most […]
From Accountant to Internal Auditor – Opportunity of Growth
Article by NAG Director, Stephen Prowse, recently featured on the My Accountants website. Internal audit and compliance audit are both very essential functions in any organisation. In recent years, both services have risen in importance, signifying critical control components of an organisation’s structure. However, whilst compliance is increasingly commoditised (and subject to pricing pressure), there […]
7 Key Auditing Trends – The Year in Review
Article by Steve Watson, Managing Director, National Audits Group. Over the past 12 months, we’ve followed changes in the regulatory environment and worked closely with audit clients to ensure that they are prepared for the challenges in relation to governance and reporting activities. It’s clear that with more accounting firms outsourcing auditing services to specialist […]
