Two-thirds (67%) of internal auditors believe that they are under-resourced, and consequently unable to carry out their job effectively, according to a survey of internal auditors carried out by Protiviti. Just 14% of them believe they have access to all the skills required to meet the requirements of their audit charter.
Of those questioned, 40% said that prior to the recession, their internal audit function was not focused on the ‘right’ risks, and therefore unable to adequately assess and carry out their requirements.
Sukhdev Bal, director, Protiviti said: “The last couple of years have exposed deep flaws in the governance and risk management landscape. We believe that internal audit can help to address these flaws, but to do this, there needs to be a clear understanding of the evolving role, requirements and expectations of internal audit. Internal auditors must continue to enhance their skills and educate themselves on new technologies and competencies that will be required by their organisations in the months and years to come.”
The annual BNP Paribas Cash Management University kicked off on Thursday morning with treasury professionals congregating in Paris from across Europe.
APIs may be a solution to MT940 challenges, says Karen Fagan, treasury operation manager, for British television company, ITV.
Kicking off the first day of the Singapore Fintech Festival, issues with cryptocurrencies were addressed by MIT media labs director, Joi Ito, and panels of technology leaders discussed how they’re using data analytics.
Sibos 2017 day two highlights: Brexit and banking, and why ‘data is the new oil’ in financial services
How nation first politics can impact global financial organisations It’s clear that data and regulation are the two key topics that are ... read more