Internal Audit in Assurance

Moving towards a global vision for connected standard setting

Global vision

I spotted a recent article in the Responsible Investor: ‘Europe’s Green Deal and ESG reporting standards: From (alphabet) soup to nuts’ (20 February). Aptly titled, it describes very well the challenge we face with non-financial reporting: it is fragmented, not underpinned by a global standard, and held back by inertia in the system. The author explores European moves to show leadership in this area, with the European Commission’s announcement that it intends to start work on its own standards on ESG. The article points out that this will lead to a different sort of fragmentation and would not deliver an outcome of consistent global data sets for critical ESG information.

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Posted on 12/03/2020 | 0 Comments

Accelerating the response to climate change: leadership and momentum

Climate change

The business case for addressing climate change is increasingly clear to companies. But it may be harder for them to assess the scale and urgency of the task that faces us all. A recent article in The Economist neatly captures the challenge – and what a challenge!

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Posted on 13/12/2019 | 0 Comments

IFRS 17 for Internal Audit – IFRS 17 Assurance Timeline


In late 2018, the International Accounting Standards Board (“IASB”) extended the effective date for IFRS 17 Insurance Contracts, originally 1 January 2021, by one year to 2022. While at the time of writing some are in favour of further extension, 2022 remains the effective date in the current version of the Standard.

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Posted on 04/11/2019 | 0 Comments

IFRS 17 for Internal Audit – Implementation Roadmap

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This is the first in a series of posts focusing on themes and hot topics relevant to Internal Audit functions in organisations in the process of adopting IFRS 17 Insurance Contracts.

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Posted on 18/09/2019 | 0 Comments

Climate change: the case for business regulation

Climate Change

The outlook for our planet is concerning. In October, the Intergovernmental Panel on Climate Change published a report showing that many ecosystems have already changed due to global warming. Climate change will have a marked impact on human health, food security, water supply, human security, and economic growth. The scientific consensus is that time is running out.

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Posted on 09/04/2019 | 0 Comments