News & insight for public finance professionals

In an increasingly complex world, with all the business risk associated with it, internal audit needs to adapt – and quickly

The auditing industry resembles a closed shop that polices itself, constantly blurs the line between providing and selling services, and is protected by government when things go wrong. There has to be change.

A number of high-profile business scandals has put auditing in the pillory. But a mixture of transparency, relevant skills and codes of practice – and good old-fashioned scepticism – can build back public trust 

What are the challenges faced by those working within the new local audit landscape? And how can the industry create a sustainable market for the long term?