Systems thinking studied at IIA Qatar workshop | ECB: Banks' governance, op-risk management lacking | Report calls for releasing Fukushima water into ocean
18 February 2020
CONNECT WITH The IIA  LinkedInFacebookTwitter
IIA Global SmartBrief
The smarter way to stay on top of the internal audit professionSIGN UP ⋅   SHARE
Internal Audit Watch
Internal auditors in India have done well with implementing technology and with harmonising standards with global guidance, says Jenitha John, senior vice chairwoman of The IIA's global board of directors. In this Q&A, John also addresses a talent shortage in the industry and a need for internal auditors to learn from corporate failures.
Full Story: Bangalore Mirror (India) (31 Jan.) 
LinkedIn Twitter Facebook Email
Systems thinking, a form of analysis that looks at how parts of a system connect and how smaller systems operate within a bigger system, helps internal auditors assess risk, Hisham Abu-Nabaa, an executive director at Sidra Medicine, said at an IIA Qatar workshop. Data analytics also plays a role, letting compliance professionals "generate the insights and metrics needed to address fraud and compliance-related challenges", Abu-Nabaa said.
Full Story: Gulf Times (Qatar) (23 Jan.) 
LinkedIn Twitter Facebook Email
Add CIA To Your CV.
Becoming a Certified Internal Auditor® (CIA®) proves you are a credible internal audit professional. Accelerate your success by adding CIA to your curriculum vitae.
Risk Management
The European Central Bank's 2019 Supervisory Review and Evaluation Process found only 13% of 109 banks inspected deserved a high score for management of operational risk. For internal governance, 82% of banks received a low score, a poorer result than in 2018.
Full Story: Risk (subscription required) (29 Jan.) 
LinkedIn Twitter Facebook Email
Radioactive water in storage at the Fukushima Daiichi nuclear plant can safely and effectively be disposed of by being slowly released into the ocean, says a draft report from a Japanese government panel. The government is expected to discuss additional details on the proposed controlled release, including how and where it should occur, in the weeks to come.
Full Story: The Associated Press (31 Jan.) 
LinkedIn Twitter Facebook Email
It's Good to Know the IPPF!
Including the Mission of Internal Audit, Core Principles, Code of Ethics, Standards, and more, The IIA's International Professional Practices Framework (IPPF) is a must-have for internal auditors. An easy-to-search table of contents and index make it an indispensable desktop addition. Purchase now.
Regulation & Compliance
The EU is introducing its latest anti-money-laundering directive, which covers banks, financial-technology companies, trade finance, gambling establishments and other matters. The directive calls for extra vetting of transactions involving countries designated as high risk.
Full Story: Global Trade Review online (U.K.) (22 Jan.) 
LinkedIn Twitter Facebook Email
The European Central Bank and the Swiss Financial Market Supervisory Authority are testing banks' risk-data compliance with Basel Committee on Banking Supervision standards by conducting surprise fire drills to test regulatory reporting under duress.
Full Story: Risk (subscription required) (04 Feb.) 
LinkedIn Twitter Facebook Email
Get Prepped and Certified by the Leader.
The IIA's CIA Learning System® is an interactive review program, combining reading materials and online study tools to teach and reinforce all three parts of the entire global CIA exam. It is continuously updated to align with latest industry standards, including the IPPF and International Standards for the Professional Practice of Internal Auditing.
Fraud & Ethics
Australian inquiry examines alleged casino impropriety
Crown Resorts founder James Packer (Scott Barbour/Getty Images)
Money laundering and organised crime are among the allegations regarding Crown Resorts' suitability to continue as a casino operator, according to an inquiry underway in Australia. A counsel has suggested Crown Resorts might have violated its casino licence by publicly announcing the sale of shares to Melco International before telling authorities.
Full Story: The Guardian (London) (21 Jan.) 
LinkedIn Twitter Facebook Email
Japanese lawmaker Tsukasa Akimoto has been indicted on another bribery charge, accused of receiving 3.55 million yen in payments and benefits from Chinese gambling company in return for favourable treatment. Akimoto already has been accused of obtaining 3.76 million yen in perks from
Full Story: The Japan Times/Kyodo News (03 Feb.) 
LinkedIn Twitter Facebook Email
First-hand Accounts of Adapting to Agile Audits.
Discover how four chief audit executives (CAEs) from various industries reviewed their own successes and learning experiences in making their companies' audit functions Agile. Get your copy of this informative Global Knowledge Brief today to add Agile internal auditing to your arsenal.
Japan plans cybersecurity for Olympics
Japan is considering emergency cybersecurity measures for this summer's Olympic and Paralympic Games that would include training for local governments. Transportation and public infrastructure is of special concern, and businesses will be urged not to share personal information on Wi-Fi, as well as to quickly report possible attacks.
Full Story: Infosecurity (U.K.) (29 Jan.) 
LinkedIn Twitter Facebook Email
A major Canadian military contractor, Bird Construction of Toronto, has been hit in a ransomware attack by hacking group MAZE. A security researcher says the group has published some of the 60 gigabytes of data it claims to have stolen from the company, which in recent years has landed contracts with the Canadian government worth hundreds of millions of dollars.
Full Story: Infosecurity (U.K.) (27 Jan.) 
LinkedIn Twitter Facebook Email
Auditing Culture: Risks and Opportunities.
Tone at the top is often to blame -- or praise -- for an organization's culture. But managers and supervisors throughout your enterprise have a bigger impact on your overall culture than you may realize. Take the temperature of your culture through auditing. IIA members, download "Auditing Culture" now.
IIA News
Human trafficking and slavery: Internal audit's role in transparency
Coordinating suppliers, manufacturers, transporters and distributors to deliver a finished product to consumers is never easy. When that supply chain includes third or fourth parties on the other side of the world who may be engaged in illegal activities, such as using slave or trafficked labor, ineffective controls heighten the risk to organizations and serve as a clarion call for internal audit. Free download for members.
LinkedIn Twitter Facebook Email
A conversation on an evolving profession
IIA President and CEO Richard Chambers reflects on internal audit's progress over the past decade and explains how practitioners can best position themselves for success in the 2020s with Anne Millage, editor in chief of Internal Auditor magazine. Watch Part 1 of this two-part video series.
LinkedIn Twitter Facebook Email
Life doesn't give you all the practice races you need.
Jesse Owens,
track and field athlete, Olympic gold medalist
LinkedIn Twitter Facebook Email
IIA Global Resources
IIA Global HQ Contact Information
The Institute of Internal Auditors, Global Headquarters
1035 Greenwood Blvd., Suite 401
Lake Mary, FL 32746 USA
Phone: +1-407-937-1111
Fax: +1-407-937-1101

About The IIA

Not an IIA member? Explore the wide range of career support tools and resources The IIA offers its members globally.
SmartBrief publishes more than 200 free industry newsletters - Browse our portfolio
Sign Up  |    Update Profile  |    Advertise with SmartBrief
Unsubscribe  |    Privacy policy
SmartBrief, Inc.®, 555 11th ST NW, Suite 600, Washington, DC 20004