Finance. Human resources. Health and safety. Compliance Procurement. Corporate affairs. Sales and marketing. Public relations Commercial development

Save this PDF as:
 WORD  PNG  TXT  JPG

Size: px
Start display at page:

Download "Finance. Human resources. Health and safety. Compliance Procurement. Corporate affairs. Sales and marketing. Public relations Commercial development"

Transcription

1 Heads of Internal Audit Service Benchmarking Report Document Control Introduction This report contains an analysis of results for the survey entitled: Document Control. The survey asks heads of internal audit to comment on the way their organisations identify, structure, approve, issue and coordinate controlled documents. The results include answers from all respondents who took the survey in the 14 day period from Wednesday, 2 to Tuesday 16. A total of 23 completed responses were received to the survey during this time. The majority of responses have come from organisations based in the UK and Ireland with a 2:1 split between the private and public sectors. Many of the private sector companies operate on an international basis with operations in the European Union (65%), North America (57%) and Asia (52%). The size and turnover of participating organisations is broad. The largest groupings are organisations with 2,500 to 5,000 staff and organisations with annual turnover between 1bn and 5bn, both of which represent 26% of respondents. Organisation wide policies and procedures Most organisations (91%) have a controlled set of policies and procedures that people must adhere to. While Finance and Human Resources are the most likely areas to have detailed policies and procedures there is a wide range of other categories as shown in the chart below. In which categories of risk does your organisation have policies? Finance Human resources Health and safety Compliance Procurement Corporate affairs Sales and marketing Public relations Commercial development Clincial research Pharmacovigilance Other

2 Programme and project management, customer information, contracts approval and grants make up the other category. We have not discerned any association between the size, structure and type of organisation to the total number of policies per organisation. Nor is there a particular pattern between the type of organisation and specific policies. Organisations appear to create policies according to their specific needs and circumstances. Identification, scope and approval of controlled documents There are mixed results regarding who has responsibility for identifying the need for controlled policies and procedures. For 22% this is done centrally. Most of these organisations are within the public sector. A further 35% rely on subsidiaries and departments to identify the need. Most of these are private sector organisations. The majority, 43%, apply a combination of the two methods. A similar mixed pattern has emerged with regard to who determines the scope and content of controlled documents and who approves controlled documents, as shown in the table below. Designation Determination of the scope and content of controlled documents Approval of controlled documents Board of directors or executive committee Named individuals e.g. Chief executive, Company secretary Head of entity subsidiary or department 11% 11% 11% 23% 11% 0% Combination of the above 61% 50% Not clearly stated 6% 16% It is noticeable that none of the organisations surveyed have specifically indicated that a Head of Entity is allowed to approve a controlled document. Unfortunately, it is not possible to tell from the results whether or not this happens as part of the combination of methods. The approach to updating controlled documents is equally split between periodic reviews and ad-hoc reviews as and when required. Management and communication of controlled documents About one-third (35%) of organisations use some form of software system to manage controlled documents. All of these are private sector organisations, most of which have an annual turnover greater than 500m and more than 1000 staff. There is an equal split between purchased software packages (13%) and tailored software packages (13%) with a slightly smaller number using in-house designed software (9%). Most of the organisations are reasonably satisfied with the approach they have adopted. Organisations tend to use a combination of specific notifications that controlled documents have changed and periodic reminders about the existence of controlled documents to keep people informed. August 2009 Page 2

3 Compliance with policies and procedures The final section of the survey is concerned with the way organisations gain assurance that controlled documents are being applied. The following chart shows the various methods and the extent of their application: Who provides assurance that entities comply with policies? 22% 13% 4% Internal audit 34% 96% Other internal assurance reviewers Annual sign-off required by line management Other external assurance reviewers 56% 56% On-line testing/self assessment of employee understanding Annual sign-off required by all employees Other All of the organisations, bar one, use internal audit to verify compliance. However, this organisation in the other category pointed out that it uses a three lines of defence model that requires internal audit to provide independent assurance. The other noteworthy aspect is that more than half of all organisations place some responsibility on line managers to provide assurance there is adherence to polices and procedures. Some organisations also highlighted that controlled documents fall within the remit of its quality system and are subject to assurance checks by internal and/or external assurance providers. Conclusions Most organisations have a controlled set of polices and procedures to specify how operations should be conducted. The activities this applies to vary between organisations but as a minimum there likely is to be controlled documentation in the areas of Finance and Human Resources. Approval of the policies and procedures tends to take place at high level such as board of directors, executive committee, chief executive, other senior executive or some combination of this group. Internal audit is the main source of assurance that controlled documents are being applied but most organisations have other forms of assurance and there may be need for internal auditors to develop a working relationship with these providers. In the first instance this may be a simple case of coordination but for some organisations internal auditors may be required to review the reliability of the other assurance providers. August 2009 Page 3

4 Copy of survey issued to Service members Document Control A member of the Heads of Internal Audit Service (HIAS) is currently reviewing his company s Document Control process. He is particularly interested to learn how other organisations identify, structure, approve, issue and coordinate controlled documents. 1) What is your industry sector (choose one from this list): Banks and building societies Insurance Other financial services Food and drink Manufacturing and engineering Media and leisure Retail Telecommunications Utilities High technology Pharmaceutical/Life Sciences Other private sector Voluntary/charity Education Central government Local government Health Other public sector None of the above 2) Where is your organisation's headquarters? UK Ireland Outside the UK and Ireland 3) What countries/continents do you operate in? UK Ireland Rest of Europe (EU) Rest of Europe (non EU) North America Central America South America Africa Asia Australia/New Zealand Pacific Page 4

5 Copy of survey issued to Service members 4) What is the turnover or gross revenue spend of your organisation? (provide the worldwide total for multi-national organisations) up to 50 million or 57 million 51m - 100m or 58m - 115m 101m - 200m or 116m - 230m 201m - 350m or 231m - 402m 351m - 500m or 403m - 575m 501m - 1bn or 576m bn 1bn - 5bn or 1.15bn bn 5bn - 10bn or 5.75bn bn Over 10bn or 11.5bn 5) What is the total number of employees in your organisation? (if your organisation is international or has multiple divisions, your answer should cover only that part of the organisation which your internal audit services cover) less than to to to 1,000 1,001 to 2,500 2,501 to 5,000 5,001 to 10,000 10,001 to 25,000 25,001 to 50,000 over 50,000 6) How many entities does your organisation have? (typically a subsidiary for a private company or a department for a public sector organisation) Less than More than ) Do you have a controlled set of organisation wide/global policies and procedures that all entities must adhere to (Controlled Documents)? Yes No Don't know 8) In which categories of risk does your organisation have policies? Finance Sales and marketing Information technology Compliance (legal, code of ethics, policies) Health and safety Clinical research Human resources Business development Commercial development Procurement Pharmacovigilance Corporate affairs Public relations None Page 5

6 Copy of survey issued to Service members 9) Are entities responsible for identifying the need for local Controlled Documents (Policy or Standard Operating Procedure)? Yes, entities identify the need for local controlled documents No, the need for controlled documents is established at the global level A combination of the above 10) Who is responsible for determining the scope and content of Controlled Documents in the organisation? Board of directors or executive committee Named individuals e.g Chief executive, Company secretary Head of the entity - subsidiary or departmental head Combination of the above Not clearly stated 11) Who approves the issue of Controlled Documents in the organisation? Board of directors or executive committee Named individuals e.g Chief executive, Company secretary Head of the entity - subsidiary or departmental head Combination of the above Not clearly stated 12) What is the approach for updating Controlled Documents? Ad-hoc, based on identified need for update and development Periodic review of policies None 13) How are people informed about Controlled Documents? Periodic reminders about the existence and location of policies A notification when changes are made to policies Through the induction process for new employees A combination of the above No specific communication 14) Does your organisation use software to manage Controlled Documents? Yes: developed in-house Yes: off the shelf package Yes: tailored package No 15) Please indicate how satisfied you are with the software product very dissatisfied dissatisfied reasonably satisfied satisfied very satisfied highly satisfied 16) Please specify the software product you use Page 6

7 Copy of survey issued to Service members 17) Who provides assurance that entities are complying with the requirements of Controlled Documents (please tick all that apply)? Annual sign-off required by line management Annual sign-off required by all employees On-line testing/self assessment of employee understanding Internal audit Other internal assurance reviewers Other external assurance reviewers 18) Please provide any further comments about Document Control in your organisation or Document Control in general that may be relevant. 19) If you are willing to be contacted on this subject by the author please include your telephone number or address below - thank you Data Protection Notice Thank you for completing the survey, your views and opinions are very important. Your response will be treated in total confidence. Completed questionnaires will be processed only by the Institute of Internal Auditors - UK and Ireland (IIA) using Vovici EFM Continuum software and will not be disclosed to any other third parties. By submitting this questionnaire you consent to our processing of your sensitive personal data for these purposes. Page 7

8 The Institute of Internal Auditors UK and Ireland The IIA is the only body focused exclusively on internal auditing and we are passionate about supporting, promoting and training the professionals who work in it. We have been leading the profession of internal auditing for over 60 years. The IIA plays an active role in the public arena, building awareness of internal auditing, promoting members interests and challenging organisations to reach the highest standards of corporate governance Our International Standards and Code of Ethics unite a global community of 160,000 internal auditors in 165 countries. We are committed to enhancing the recognition and professionalism of internal audit in the UK and Ireland, through: Dynamic leadership of the profession which maximises the reputation and influence of our members, both individually and collectively Setting performance benchmarks and promoting professional integrity through our International Standards and Code of Ethics Continually developing our qualifications so that their high quality and reputation is maintained, Providing technical resources, networking opportunities and support to our members throughout their careers Maintaining our position as the market leader in internal audit training Informing. Inspiring. Assuring. About Heads of Internal Audit Service benchmarking reports The IIA recognises that heads of internal audit need specialist information and support to help them respond to the demands of a competitive and increasingly regulated business climate. The Heads of Internal Audit Service is an exclusive service designed specifically for the leaders of the profession to keep them up to date, provide networking opportunities with like-minded professionals and to discuss successes and concerns in confidence with their peers. Other services include access to technical updates, a monthly e-bulletin, a programme of forum meetings and specifically commissioned research. The benchmarking reports are designed to help members make the most of the Service s networking opportunities. Service members can pose a question to other members to help them identify best practice on a particular issue. Questions for consideration can be ed to or Disclaimer This material is not intended to provide a definitive answer to addressing specific individual circumstances and as such is intended to be used only as a guide. The IIA recommends that you always seek independent expert advice relating directly to any specific situation. The IIA accepts no responsibility for anyone placing sole reliance on this guidance. The Institute of Internal Auditors UK and Ireland Ltd 13 Abbeville Mews, 88 Clapham Park Road, London SW4 7BX Tel Fax Registered in England and Wales, no Information can be made available in other formats

Risk management and risk based internal auditing

Risk management and risk based internal auditing Heads of Internal Audit Service Benchmarking Report Risk management and risk based internal auditing Introduction This report contains the results of the HIAS survey entitled Risk management and risk based

More information

Effective Internal Audit in the Financial Services Sector

Effective Internal Audit in the Financial Services Sector Effective Internal Audit in the Financial Services Sector Recommendations from the Committee on Internal Audit Guidance for Financial Services: How They Relate to the Global Institute of Internal Auditors

More information

Effective Internal Audit in the Financial. Services Sector. Non Executive Directors (NEDs) and the Management of Risk

Effective Internal Audit in the Financial. Services Sector. Non Executive Directors (NEDs) and the Management of Risk Consultation document Effective Internal Audit in the Financial A survey of heads of internal audit Services Sector Non Executive Directors (NEDs) and the Management of Risk Draft recommendations to the

More information

Procurement Performance model

Procurement Performance model Procurement Performance model The Procurement Performance Model develops key questions as reference pointers for auditors evaluating the performance of the procurement function in public sector bodies.

More information

Association for Project Management Business Management System

Association for Project Management Business Management System Association for Project Management Business Management System December 2012 2 Association for Project Management About APM Formed in 1972, the Association for Project Management (APM) is committed to developing

More information

Internal Audit Quality Assessment Framework

Internal Audit Quality Assessment Framework Internal Audit Quality Assessment Framework May 2013 Internal Audit Quality Assessment Framework May 2013 Crown copyright 2013 You may re-use this information (excluding logos) free of charge in any format

More information

quality, health & safety and environment training and consulting

quality, health & safety and environment training and consulting quality, health & safety and environment training and consulting QUALMS Group QHSE Training & Consulting is a leading business services provider of applied; Quality, Food Safety, Occupational Health &

More information

Professional Indemnity Proposal Form Business & Management Consultants

Professional Indemnity Proposal Form Business & Management Consultants Professional Indemnity Proposal Form Business & Management Consultants This form does not apply to: IT Consultancy. Please see the IT Professions proposal form GUIDANCE NOTES Completing your proposal form

More information

SCRUTINY COMMITTEE ITEM 04 28 MARCH 2012

SCRUTINY COMMITTEE ITEM 04 28 MARCH 2012 SCRUTINY COMMITTEE ITEM 04 28 MARCH 2012 INTERNAL AUDIT PLAN Report of the: Director of Finance Contact: John Turnbull or Gillian McTaggart Urgent Decision?(yes/no) No If yes, reason urgent decision required:

More information

The Audit Plan for West Mercia Energy Joint Committee

The Audit Plan for West Mercia Energy Joint Committee The Audit Plan for West Mercia Energy Joint Committee Year ended 31 March 2015 16th February 2015 Jon Roberts Partner T 0121 232 5410 E jon.roberts@uk.gt.com Andrew Davies Manager T 0121 232 5417 E andrew.davies@uk.gt.com

More information

IHEEM WORKING WITH YOU TO DEVELOP YOUR CAREER

IHEEM WORKING WITH YOU TO DEVELOP YOUR CAREER TO DEVELOP www.iheem.org.uk Joint letter by President and CEO Joint letter by President and CEO Shaping the healthcare engineering and estate management landscape The Institute of Healthcare Engineering

More information

CAMBRIDGE CITY COUNCIL

CAMBRIDGE CITY COUNCIL Agenda Item CAMBRIDGE CITY COUNCIL REPORT OF: Director of Business Transformation TO: Civic Affairs Committee 25 June 2014 WARDS: All INTERNAL AUDIT: REVIEW OF EFFECTIVENESS 2013 / 2014 1 INTRODUCTION

More information

operated by it (as the case requires).

operated by it (as the case requires). 1 Definitions In this document: ASX Board Chair CEO CFO Company Secretary Corporations Act Director means ASX Limited ACN 008 624 691 or the securities exchange operated by it (as the case requires). means

More information

Downloaded from Datalog http://www.datalog.co.uk

Downloaded from Datalog http://www.datalog.co.uk WEBSITES AND SEO SERVICES LTD ABBREVIATED UNAUDITED ACCOUNTS FOR THE PERIOD 5 JULY 2012 TO 31 JULY 2013 WEBSITES AND SEO SERVICES LTD (REGISTERED NUMBER: 08131968) CONTENTS OF THE ABBREVIATED ACCOUNTS

More information

An insight into the salaries of management system auditors around the world

An insight into the salaries of management system auditors around the world An insight into the salaries of management system auditors around the world The International Register of Certificated Auditors (IRCA) is the leading professional body for management system auditors.

More information

An invitation to grow with us. Why join Grant Thornton?

An invitation to grow with us. Why join Grant Thornton? An invitation to grow with us Why join Grant Thornton? Contents 3 Choosing a new employer can be a tough decision 4 Compelling reasons to join us 6 Fast facts About us Grant Thornton New Zealand Ltd is

More information

The opportunity of a lifetime PwC s Watani programme for UAE Nationals

The opportunity of a lifetime PwC s Watani programme for UAE Nationals www.pwc.com/me The opportunity of a lifetime PwC s Watani programme for UAE Nationals Our people make us stand out - and because we have such high expectations of them, we continuously invest in their

More information

Corporate Governance and Risk Management Agenda

Corporate Governance and Risk Management Agenda Policy Paper Corporate Governance and Risk Management Agenda Introduction This Agenda sets out the corporate governance and risk management principles and aims which inform and guide the work of ACCA s

More information

Explanation where the company has partially applied or not applied King III principles

Explanation where the company has partially applied or not applied King III principles King Code of Corporate Governance for South Africa, 2009 (King III) checklist The Board of Directors (the Board) of Famous Brands Limited (Famous Brands or the company) is fully committed to business integrity,

More information

Corporate Governance Statement 21 October 2015

Corporate Governance Statement 21 October 2015 Minotaur Exploration Limited (the Group) and its Board adheres to superior standards of corporate governance. The Board reviews the governance framework and practices to ensure they meet the interests

More information

FIRST DATA CORPORATION PROCESSOR DATA PROTECTION STANDARDS

FIRST DATA CORPORATION PROCESSOR DATA PROTECTION STANDARDS FIRST DATA CORPORATION PROCESSOR DATA PROTECTION STANDARDS As a world leader in electronic commerce and payment services, First Data Corporation and its subsidiaries ( First Data entity or entities ),

More information

About ACCA. Global infrastructure

About ACCA. Global infrastructure About ACCA ACCA is the global body for professional accountants. We aim to offer business relevant, first choice qualifications to people of application, ability and ambition around the world who seek

More information

KING III CORPORATE GOVERNANCE COMPLIANCE REGISTER

KING III CORPORATE GOVERNANCE COMPLIANCE REGISTER KING III CORPORATE GOVERNANCE REGISTER CHAPTER 1: ETHICAL LEADERSHIP AND CORPORATE CITIZENSHIP NON 1.1. The board should provide effective leadership based on an ethical foundation 1.2. The board should

More information

Academic Associate application form

Academic Associate application form Academic Associate application form This application form is only valid from 1 July 31 December 2015. If you re joining after this time please visit cipd.co.uk/membership for the most up-to-date form or

More information

CAFOD s People In Aid Code of Good Practice Audit Report

CAFOD s People In Aid Code of Good Practice Audit Report CAFOD s People In Aid Code of Good Practice Audit Report To be included in CAFOD s Report dated July 2009 I received CAFOD s report on 14 th August 2009 and responded with my initial analysis on 18 th

More information

The City Foundation Course ILM Level 5 Certificate in Leading with Integrity

The City Foundation Course ILM Level 5 Certificate in Leading with Integrity Institute of Leadership & Management The City Foundation Course ILM Level 5 Certificate in Leading with Integrity Trust Integrity Excellence In partnership with Supported by The City Foundation Course

More information

Directors & Officers Liability (D&O) Insurance. Benchmarking Report 2013

Directors & Officers Liability (D&O) Insurance. Benchmarking Report 2013 Directors & Officers Liability (D&O) Insurance Benchmarking Report 2013 Contents 1. Executive Summary...4 2. D&O benchmarking survey...6 3. D&O insurance arrangements...8 4. Risk manager role and responsibilities...10

More information

Qualification Number: 601/6551/0 Purpose Statement Version 2.0 published 22 April 2016

Qualification Number: 601/6551/0 Purpose Statement Version 2.0 published 22 April 2016 Qualification Number: 601/6551/0 Purpose Statement Version 2.0 published 22 April 2016 The AAT Professional Diploma in Accounting 1 The AAT Professional Diploma in Accounting Who should choose to study

More information

Directors & Officers Liability Insurance for Financial Institutions

Directors & Officers Liability Insurance for Financial Institutions Directors & Officers Liability Insurance for Financial Institutions PROPOsAl FORm Please answer all questions. If you have insufficient space to complete an answer, attach a separate signed and dated sheet

More information

Programme Specification: MSc Audit Management and Consultancy

Programme Specification: MSc Audit Management and Consultancy Programme Specification: MSc Audit Management and Consultancy NOTE: This specification provides a concise summary of the main features of the course and the learning outcomes that a typical student might

More information

Information Commissioner's Office

Information Commissioner's Office Phil Keown Engagement Lead T: 020 7728 2394 E: philip.r.keown@uk.gt.com Will Simpson Associate Director T: 0161 953 6486 E: will.g.simpson@uk.gt.com Information Commissioner's Office Internal Audit 2015-16:

More information

Gaining the competitive edge. Sports & Leisure PRECISE. PROVEN. PERFORMANCE.

Gaining the competitive edge. Sports & Leisure PRECISE. PROVEN. PERFORMANCE. Gaining the competitive edge Sports & Leisure PRECISE. PROVEN. PERFORMANCE. 2 Sports & Leisure Gaining the competitive edge Gaining the competitive edge The sports and leisure sector is a competitive and

More information

Application of King III Corporate Governance Principles

Application of King III Corporate Governance Principles APPLICATION of KING III CORPORATE GOVERNANCE PRINCIPLES 2013 Application of Corporate Governance Principles This table is a useful reference to each of the principles and how, in broad terms, they have

More information

THE CERTIFICATE OF THE COMPTROLLER AND AUDITOR GENERAL TO THE HOUSE OF COMMONS

THE CERTIFICATE OF THE COMPTROLLER AND AUDITOR GENERAL TO THE HOUSE OF COMMONS THE CERTIFICATE OF THE COMPTROLLER AND AUDITOR GENERAL TO THE HOUSE OF COMMONS I certify that I have audited the financial statements of Defence Equipment & Support for the year ended 31 March 2015 under

More information

PUBLIC HEALTH WALES NHS TRUST CHIEF EXECUTIVE JOB DESCRIPTION

PUBLIC HEALTH WALES NHS TRUST CHIEF EXECUTIVE JOB DESCRIPTION PUBLIC HEALTH WALES NHS TRUST CHIEF EXECUTIVE JOB DESCRIPTION Post Title: Accountable to: Chief Executive and Accountable Officer for Public Health Wales NHS Trust Trust Chairman and Board for the management

More information

Quality Assurance Checklist

Quality Assurance Checklist Internal Audit Foundations Standards 1000, 1010, 1100, 1110, 1111, 1120, 1130, 1300, 1310, 1320, 1321, 1322, 2000, 2040 There is an Internal Audit Charter in place Internal Audit Charter is in place The

More information

Helping you meet your global objectives. Helping you grow PRECISE. PROVEN. PERFORMANCE.

Helping you meet your global objectives. Helping you grow PRECISE. PROVEN. PERFORMANCE. Helping you meet your global objectives Helping you grow PRECISE. PROVEN. PERFORMANCE. Moore Stephens member firms across the globe share common values: integrity, personal service, quality, knowledge

More information

the role of the head of internal audit in public service organisations 2010

the role of the head of internal audit in public service organisations 2010 the role of the head of internal audit in public service organisations 2010 CIPFA Statement on the role of the Head of Internal Audit in public service organisations The Head of Internal Audit in a public

More information

Report of the 2013 salary survey of the IP profession

Report of the 2013 salary survey of the IP profession Report of the 13 salary survey of the IP profession Hosted by Fellows and Associates Table of Contents 1. Introduction 2 2. The sample 2 2.1. Sample size 2 2.2. Descriptive statistics 3 2.2.1. Location

More information

DTZ Corporate Finance Limited Pillar 3 Disclosures as at 30 April 2009

DTZ Corporate Finance Limited Pillar 3 Disclosures as at 30 April 2009 DTZ Corporate Finance Limited Pillar 3 Disclosures as at 30 April 2009 16 March 2010 Contents OVERVIEW 1 Introduction 1 Structure and principal activities 1 Basis of disclosures 1 Frequency of disclosures

More information

Regulatory Standards of Governance and Financial Management

Regulatory Standards of Governance and Financial Management Regulatory Standards of Governance and Financial Management 5. Regulatory Standards of Governance and Financial Management Introduction 5.1. This section sets out our Regulatory Standards of Governance

More information

Level 2 Certificate in International Trade and Logistics Operations (3293-01)

Level 2 Certificate in International Trade and Logistics Operations (3293-01) Level 2 Certificate in International Trade and Logistics Operations (3293-01) Qualification handbook 501/1989/8 www.cityandguilds.com April 2011 Version 1.1 (June 2011) About City & Guilds As the UK s

More information

Student Handbook. Chartered Institute of Customer Relationship Management Africa

Student Handbook. Chartered Institute of Customer Relationship Management Africa CICRMA Chartered Institute of Customer Relationship Management Africa Student Handbook The Chartered Institute Of Customer Relationship Management (Africa) N0. 6, Sims Road Mount Pleasant, Harare Zimbabwe

More information

Captive & Insurance Management

Captive & Insurance Management Aon Risk Solutions Global Risk Consulting Captive & Insurance Management Location of captive parent company 500+ captives 250-500 captives 51-249 captives 10-50 captives

More information

What is the ACCA Approved Employer Programme?

What is the ACCA Approved Employer Programme? About ACCA ACCA (the Association of Chartered Certified Accountants) is the global body for professional accountants with 428,000 trainees and 162,000 qualified members in 170 countries. We help the world

More information

IT Risk Closing the Gap

IT Risk Closing the Gap IT Risk Closing the Gap Giving the Board what it needs to understand, manage and challenge IT risk PWC Contents Foreword 1 Executive summary 3 Survey findings Does the Board fully understand the impact

More information

Food Safety and Quality Management Skills. Providing accredited training and education to the Food Industry

Food Safety and Quality Management Skills. Providing accredited training and education to the Food Industry Food Safety and Quality Management Skills Providing accredited training and education to the Food Industry William Angliss Institute and Chadderton Food Safety are pleased to offer a suite of high quality,

More information

Application of King III Corporate Governance Principles

Application of King III Corporate Governance Principles Application of Corporate Governance Principles Application of Corporate Governance Principles This table is a useful reference to each of the principles and how, in broad terms, they have been applied

More information

Brighton and Sussex University Hospital NHS Trust

Brighton and Sussex University Hospital NHS Trust Brighton and Sussex University Hospital NHS Trust Year Ending 31 March 2013 Annual Audit Letter July 2013 Ernst & Young LLP Executive summary Ernst & Young LLP 1 More London Place London SE1 2AF Tel: +44

More information

We are the nursing and midwifery regulator for England, Wales, Scotland, Northern Ireland and the Islands.

We are the nursing and midwifery regulator for England, Wales, Scotland, Northern Ireland and the Islands. The Prep handbook We are the nursing and midwifery regulator for England, Wales, Scotland, Northern Ireland and the Islands. We exist to safeguard the health and wellbeing of the public. We set standards

More information

To join Achilles UVDB, visit www.achilles.com/uvdb, call +44 (0)1235 861118 or email enquiries@achilles.com

To join Achilles UVDB, visit www.achilles.com/uvdb, call +44 (0)1235 861118 or email enquiries@achilles.com UVDB Achilles UVDB FAQ s About Achilles UVDB What is the Achilles UVDB Supplier Information Management Service? Achilles UVDB is the community for the UK utilities industry. It enables the utilities sector

More information

WILLIS RETAIL PRACTICE REDUCING THE COST OF RISK

WILLIS RETAIL PRACTICE REDUCING THE COST OF RISK WILLIS RETAIL PRACTICE REDUCING THE COST OF RISK REDUCING THE COST OF RISK As a retailer, you work hard to build and protect your business and the ability to deliver on your brand promises is key to the

More information

Don t take a chance with your finances. Need expert advice? You will want the best accountant you can get

Don t take a chance with your finances. Need expert advice? You will want the best accountant you can get Don t take a chance with your finances Need expert advice? You will want the best accountant you can get Legally anyone can call themselves an accountant they don t need any qualifications, training or

More information

CHIEF EXECUTIVE INFORMATION PACK

CHIEF EXECUTIVE INFORMATION PACK CHIEF EXECUTIVE INFORMATION PACK 2015 Dear Candidate Thank you for expressing interest in the role of Chief Executive (CEO) of the ECITB. This exciting opportunity has arisen because our current CEO (David

More information

Electricity Settlements Company Ltd Framework Document

Electricity Settlements Company Ltd Framework Document Electricity Settlements Company Ltd Framework Document This framework document has been drawn up by the Department of Energy and Climate Change in consultation with the Electricity Settlements Company.

More information

Charity Audit Committee performance evaluation Self assessment checklist. October 2014

Charity Audit Committee performance evaluation Self assessment checklist. October 2014 Charity Audit Committee performance evaluation Self assessment checklist October 2014 With increasing responsibilities and complexities, being a member of the Audit Committee has never been more challenging

More information

Directors Report 2013

Directors Report 2013 Directors Report 2013 Iris Insurance Brokers Limited Directors Report for the Year Ended 30 September 2013 Directors Report 2013 Contents Who we are 1 Key developments 1 Operational highlights 1 Financial

More information

Understanding corporate statements

Understanding corporate statements Understanding corporate statements 3 March 2015, London Analysing corporate performance Academy Who we are The educational model of the Academy is that of a "Corporate University" where the traditional

More information

Annual Report and Accounts 2013

Annual Report and Accounts 2013 Annual Report and Accounts 2013 Registered Company No 4495641 (Registered in England and Wales). Reference and administrative details Status The organisation is a company limited by share capital, incorporated

More information

NSF-DBA Medical Device Diploma. Learning through doing with experts at your side

NSF-DBA Medical Device Diploma. Learning through doing with experts at your side NSF-DBA Medical Device Diploma Learning through doing with experts at your side Medical Device Diploma The Medical Device Diploma Learning through doing with experts at your side NSF-DBA launch a ground

More information

Management Liability Policy Employment practices liability only

Management Liability Policy Employment practices liability only February 2014 edition Management Liability Policy Employment practices liability only Who can use this proposal form This proposal form is only for: UK registered companies, charities or associations with

More information

Institute of Leadership & Management. Creating a coaching culture

Institute of Leadership & Management. Creating a coaching culture Institute of Leadership & Management Creating a coaching culture Contents Introduction 01 Executive summary 02 Research findings 03 Conclusion 07 Methodology 08 Introduction The world of work is complex

More information

Certificate in finance, accounting and business

Certificate in finance, accounting and business Certificate in finance, accounting and business ADVANCE YOUR CAREER BUSINESS WITH confidence icaew.com/cfab Fast track your career Knowledge for today s BUSINESS environment The Certificate in Finance,

More information

Benchmarking Your In-House Fraud Investigation Team. Benchmarking Your In-House Fraud Investigation Team

Benchmarking Your In-House Fraud Investigation Team. Benchmarking Your In-House Fraud Investigation Team Benchmarking Your In-House Fraud Investigation Team Benchmarking Your In-House Fraud Investigation Team A REPORT BY THE ASSOCIATION OF CERTIFIED FRAUD EXAMINERS A REPORT BY THE ASSOCIATION OF CERTIFIED

More information

Report of Don McLure, Corporate Director of Resources

Report of Don McLure, Corporate Director of Resources AUDIT COMMITTEE 29 June 2015 Annual Review of the System of Internal Audit 2014 / 2015 Report of Don McLure, Corporate Director of Resources Purpose of the Report 1. The purpose of this report is for members

More information

Roger Dickinson, ICSA

Roger Dickinson, ICSA The company secretary in the UK and their role in upholding best practice in corporate governance in banks and other organisations Roger Dickinson, ICSA The Company Secretary in the UK English law requires

More information

Position specification

Position specification Fundraising Ireland background Position specification Chief Executive Officer, Fundraising Ireland Established in 2007, Fundraising Ireland is the association for professional fundraisers in Ireland. We

More information

Excess Professional Indemnity policy

Excess Professional Indemnity policy Excess Professional Indemnity policy Contents A warm welcome to Vela Underwriting 3 Making yourself heard 4 Your Excess Professional Indemnity Insurance Policy 5 Section 1 Definitions 8 Section 2 The Cover

More information

INSTITUTE OF HOSPITALITY AND AWARDING BODY WHISTLEBLOWING POLICY

INSTITUTE OF HOSPITALITY AND AWARDING BODY WHISTLEBLOWING POLICY INSTITUTE OF HOSPITALITY AND AWARDING BODY WHISTLEBLOWING POLICY Version 0.2, 13.08.2014 Institute of Hospitality Trinity Court, 34 West Street, Sutton, Surrey, SM1 1SH Tel:+44(0)20 8661 4900 www.instituteofhospitality.org.uk

More information

Excess Professional Indemnity. Policy document

Excess Professional Indemnity. Policy document Excess Professional Indemnity Policy document Contents A warm welcome to Zurich 3 Your Excess Professional Indemnity policy 3 Section 1 Definitions 5 Section 2 The Cover 5 Section 3 Provisions 6 Section

More information

EUROPEAN CONFEDERATION OF INSTITUTES OF INTERNAL AUDITING (IVZW)

EUROPEAN CONFEDERATION OF INSTITUTES OF INTERNAL AUDITING (IVZW) EUROPEAN CONFEDERATION OF INSTITUTES OF INTERNAL AUDITING (IVZW) Phil Tarling PRESIDENT Carolyn Dittmeier VICE PRESIDENT Head Office: c/o IIA Belgium Koningstraat 109-111, bus 5 - B-1000 Brussels (Belgium)

More information

The Diverse Law Firm. www.clarkslegal.com

The Diverse Law Firm. www.clarkslegal.com The Diverse Law Firm www.clarkslegal.com A unique partnership The partnership with Carillion Advice Services allows us to increase our resources substantially in an economically effective way. With this

More information

PROFESSIONAL OVERSIGHT BOARD FOR ACCOUNTANCY

PROFESSIONAL OVERSIGHT BOARD FOR ACCOUNTANCY PROFESSIONAL OVERSIGHT BOARD FOR ACCOUNTANCY REVIEW OF HOW ACCOUNTANTS SUPPORT THE NEEDS OF SMALL AND MEDIUM-SIZED COMPANIES AND THEIR STAKEHOLDERS MARCH 2006 PROFESSIONAL OVERSIGHT BOARD FOR ACCOUNTANCY

More information

Property & Casualty. Flexible insurance for retail chain stores

Property & Casualty. Flexible insurance for retail chain stores Property & Casualty Flexible insurance for retail chain stores 1 2 ACE Retail, a comprehensive package insurance, can lift some of the pressure on retailers by addressing issues such as risk management,

More information

DIPLOMA IN DIPL FORENSIC ACCOUNTING

DIPLOMA IN DIPL FORENSIC ACCOUNTING DIPLOMA IN FORENSIC ACCOUNTING Web: www.bolc.co.uk Email: admissions@bolc.co.uk Course Introduction: With the increasing level of prosecution for financial fraud, the demand for forensic accountants has

More information

Specialising in Hospitality, Retail & Sales Recruitment

Specialising in Hospitality, Retail & Sales Recruitment Specialising in Hospitality, Retail & Sales Recruitment www.xpressrecruitment.com Who we are We are a specialist Hospitality and Retail Management Recruiter offering high quality, cost effective recruitment

More information

EXECUTIVE COMMITTEE TERMS OF REFERENCE

EXECUTIVE COMMITTEE TERMS OF REFERENCE (Registration Number: 1966/009846/06) EXECUTIVE COMMITTEE TERMS OF REFERENCE Approved by the Executive Committee on 4 November 2013 Approved by the Board on 14 November 2013 1. Definitions Unless the context

More information

Investment Performance Analysis Market Practices and Industry Trends

Investment Performance Analysis Market Practices and Industry Trends Investment Performance Analysis - Market Practices and Industry Trends January 2015 1 Investment Performance Analysis Market Practices and Industry Trends Published January 2015 PK Consulting Ltd Sponsored

More information

FRAMEWORK FOR THE PREPARATION OF ACCOUNTS. Best Practice Guidance

FRAMEWORK FOR THE PREPARATION OF ACCOUNTS. Best Practice Guidance FRAMEWORK FOR THE PREPARATION OF ACCOUNTS Best Practice Guidance Revised Edition April 2010 PUBLISHED IN APRIL 2010 THE INSTITUTE OF CHARTERED ACCOUNTANTS OF SCOTLAND This document is published by the

More information

JEDDAH, KSA JANUARY 17-21. Organized by UBT University of Business and Technology and CEC Continuous Education Center in partnership with Leoron PDI

JEDDAH, KSA JANUARY 17-21. Organized by UBT University of Business and Technology and CEC Continuous Education Center in partnership with Leoron PDI JANUARY 17-21 JEDDAH, KSA Time: Location: Program language: Expert consultant: 9:00 am to 5:00 pm University of Business & Technology Continuing Education Center King Road Tower 2701, 27th Floor Malik

More information

(FOR THE HANDLING AND PROCESSING OF MOBILE PHONES AND OTHER MOBILE DEVICES SO AS TO ENSURE THAT THOSE DEVICES IDENTIFIED AS STOLEN ARE HANDLED IN

(FOR THE HANDLING AND PROCESSING OF MOBILE PHONES AND OTHER MOBILE DEVICES SO AS TO ENSURE THAT THOSE DEVICES IDENTIFIED AS STOLEN ARE HANDLED IN (FOR THE HANDLING AND PROCESSING OF MOBILE PHONES AND OTHER MOBILE DEVICES SO AS TO ENSURE THAT THOSE DEVICES IDENTIFIED AS STOLEN ARE HANDLED IN ACCORDANCE WITH THE AGREED GUIDELINES) CONTENTS 1. PREFACE

More information

Adding value to your ship management business. Shipping & Transport PRECISE. PROVEN. PERFORMANCE.

Adding value to your ship management business. Shipping & Transport PRECISE. PROVEN. PERFORMANCE. Adding value to your ship management business Shipping & Transport PRECISE. PROVEN. PERFORMANCE. 2 Shipping & Transport Adding value to your ship management business The management of risk and implementation

More information

Why choose ACCA? We help businesses grow by developing their finance capability and enhancing their brand reputation.

Why choose ACCA? We help businesses grow by developing their finance capability and enhancing their brand reputation. 1 About ACCA ACCA (the Association of Chartered Certified Accountants) is the global body for professional accountants with 424,000 trainees and 147,000 qualified members in 170 countries. We help the

More information

Cheshire Fire Authority

Cheshire Fire Authority Cheshire Fire Authority Internal Plan 2013/2014 Presented at the Cheshire Fire Authority meeting of: 17 April 2013 Lisa Randall Head of Internal 1 INTRODUCTION This document sets out the approach we have

More information

Letter of Engagement. Peter Vickers and Associates Pty Ltd Chartered Accountants ACN 003 466 813

Letter of Engagement. Peter Vickers and Associates Pty Ltd Chartered Accountants ACN 003 466 813 6 September 2013 Suite 2, 345 Pacific Highway Lindfield NSW 2070 t: (61-2) 9416 9266 f: (61-2) 9416 9149 e: services@pva.com.au www.vickersgroup.com.au Ms M Client Sydney Street NSW 2086 Dear Michele,

More information

The Energy Savings Opportunity Scheme (ESOS)

The Energy Savings Opportunity Scheme (ESOS) Briefing: The Energy Savings Opportunity Scheme (ESOS) Your guide to understanding and complying with ESOS Your organisation may be affected by ESOS and it is important to understand what this will mean

More information

Practice Note. 10 (Revised) October 2010 AUDIT OF FINANCIAL STATEMENTS OF PUBLIC SECTOR BODIES IN THE UNITED KINGDOM

Practice Note. 10 (Revised) October 2010 AUDIT OF FINANCIAL STATEMENTS OF PUBLIC SECTOR BODIES IN THE UNITED KINGDOM October 2010 Practice Note 10 (Revised) AUDIT OF FINANCIAL STATEMENTS OF PUBLIC SECTOR BODIES IN THE UNITED KINGDOM The Auditing Practices Board (APB) is one of the operating bodies of the Financial Reporting

More information

Building capacity for a sustainable future

Building capacity for a sustainable future Building capacity for a sustainable future BUSINESS WITH CONFIDENCE icaew.com Harnessing the power of professional bodies The alleviation of extreme poverty remains at the heart of the international development

More information

Level 4 Diploma in Hospitality Management (7148-41)

Level 4 Diploma in Hospitality Management (7148-41) Level 4 Diploma in Hospitality Management (7148-41) Candidate logbook 600/6626/X www.cityandguilds.com June 2013 Version 1.0 About City & Guilds As the UK s leading vocational education organisation, City

More information

THE NATURAL HISTORY MUSEUM TRADING COMPANY LIMITED

THE NATURAL HISTORY MUSEUM TRADING COMPANY LIMITED THE NATURAL HISTORY MUSEUM TRADING COMPANY LIMITED Company No. 2909192 FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2011 Company Information Directors Mr Oliver Stocken (Chairman) Mr Daniel Alexander

More information

Effective Date of this Endorsement: Endorsement No. Company: Chubb Insurance Company of Europe SE. To Be Attached To & Form Part of Policy No.

Effective Date of this Endorsement: Endorsement No. Company: Chubb Insurance Company of Europe SE. To Be Attached To & Form Part of Policy No. Effective Date of this Endorsement: Endorsement No. Company: Chubb Insurance Company of Europe SE To Be Attached To & Form Part of Policy No. Issued To: It is agreed that, in order to assist the Policyholder

More information

The Audit Plan for the Lake District National Park Authority

The Audit Plan for the Lake District National Park Authority The Audit Plan for the Lake District National Park Authority. Year ended 31 March 2013 8 April 2013 Jackie Bellard Engagement Leader T 0161 234 6394 E Jackie.Bellard@uk.gt.com Ian Boit Audit Manager T

More information

Oversight of financial management in local authority maintained schools

Oversight of financial management in local authority maintained schools Department for Education Oversight of financial management in local authority maintained schools Detailed Methodology OCTOBER 2011 2 Oversight of financial management in local authority maintained schools

More information

Consultation on the Implementation of Direct Entry in the Police

Consultation on the Implementation of Direct Entry in the Police Consultation on the Implementation of Direct Entry in the Police Contents Consultation summary... 3 Current situation... 5 The future... 6 Independent Review of Police Officer and Staff Remuneration and

More information

Construction Professional Liability Insurance Proposal

Construction Professional Liability Insurance Proposal AIG Europe Limited Proposer Details Name of Firm(s) Principal Address line one Principal Address line two City and postcode Telephone number Fax number Website address Is the Firm(s) a subsidiary of an

More information

Internal Audit and supervisory expectations building on progress

Internal Audit and supervisory expectations building on progress 1 Internal Audit and supervisory expectations building on progress Speech given by Sasha Mills, Director, Cross Cutting Policy, Bank of England Ernst & Young, London 3 February 2016 2 Introductions Hello,

More information

REPORT OF THE DIRECTOR AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2014 FOR BRUNSWICK ROAD (PIRBRIGHT) RESIDENTS COMPANY LIMITED

REPORT OF THE DIRECTOR AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2014 FOR BRUNSWICK ROAD (PIRBRIGHT) RESIDENTS COMPANY LIMITED REPORT OF THE DIRECTOR AND FINANCIAL STATEMENTS FOR BRUNSWICK ROAD (PIRBRIGHT) RESIDENTS CONTENTS OF THE FINANCIAL STATEMENTS Page Company Information 1 Report of the Director 2 Chartered Accountant's

More information

Membership for those with an MBA qualification. Membership of the CIPD Application form

Membership for those with an MBA qualification. Membership of the CIPD Application form Membership of the CIPD Application form Membership for those with an MBA qualification This application form is only valid from 1 July 31 December 2010. Please read these notes before completing the form.

More information

MCB MANAGEMENT CONSULTANTS LIMITED Financial Accounts 2014-04-30 REGISTERED NUMBER: 05091645 (England and Wales)

MCB MANAGEMENT CONSULTANTS LIMITED Financial Accounts 2014-04-30 REGISTERED NUMBER: 05091645 (England and Wales) MCB MANAGEMENT CONSULTANTS LIMITED Financial Accounts 2014-04-30 REGISTERED NUMBER: 05091645 (England and Wales) Abbreviated Unaudited Accounts for the Year Ended 30 April 2014 for MCB Management Consultants

More information

Creating World Class Accountants

Creating World Class Accountants Prospectus Creating World Class Accountants Making the right decision about your career can be daunting at any stage in your life, here you will find all the information you need to get ahead in accountancy,

More information