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Events

December 2016 Seminar

2 - 2 December 2016

9.30 am - 1.00pm

Our fourth and final seminar for 2016 took place on Friday 2 December at Deloitte's New Street Square offices.

  •          Robotics and the Challenges faced by Internal Audit
    •    Martin Skipsey – Director and David Sooby – Senior Manager - EY

Insurers are just beginning to see the benefits of robotics in enabling them to deliver faster, consistently, and in a more cost efficient manner. This will impact on the control environment, both in terms of introducing new controls and removing redundant controls. Internal Audit needs to understand the impact on the business, and look to leverage the advantages of robotics in their own operations.

  •          Pillar 3 reporting
    •    Neil Coulson - Partner – PKF

The session outlinde the types of disclosures that are included within Solvency II pillar 3 reporting, including to the public. It also touched upon the reporting to date and what is required to be covered by external audit. Some of the challenges within the reporting were highlighted, including future reductions in timescales. This was then brought together to consider how internal audit can give senior management comfort that this reporting (which will be subject to little external audit) has been properly controlled and is accurate.

  •          Audit Committee metrics - Observations and Insights
    •    Jonathan Hayward Director - Independent Audit

Audit Committees rely on the good work of the Internal Audit function to provide them with the level of assurance they need. Given the complexity of the function, and the various stakeholder relationships involved, how can the committee get useful oversight to understand whether Internal Audit is performing as effectively as it could be? Jonathan shared some of his views on where the priorities should lie, what are the key things we should be looking to measure and how can we go about actually measuring them.

  •          Data analytics feedback from GPDG
    •    Richard Willshire – Senior Auditor, JLT and Emma Howard Internal Audit Business Partner - BUPA

 An update on the Group's project including the results of the survey, the success stories and challenges of using data analytics

Deloitte

2 New Street Square

Greater London

EC4A 3TR

The presentations for this event are available to download for IIAG members only.

Data Analytics -Good Practice Development Group

Emma Howard

540 kb

An update on the Group's project including the results of the survey, the success stories and challenges of using data analytics

Internal Audit for Pillar 3 Reporting

Neil Coulson

893 kb

The types of disclosures that are included within Solvency II pillar 3 reporting, including the reporting to date and what is required to be covered by external audit. Highlighting some of the challenges within the reporting including future reductions in timescales. This was then brought together to consider how internal audit could give senior management comfort that the reporting (which will be subject to little external little external audit) has been properly controlled and is accurate.

Robotics, and the challenges faced by Internal Audit

Martin Skipsey
David Sooby

1847 kb

Insurers are just beginning to see the benefits of robotics in enabling them to deliver faster, consistently, and in a more cost efficient manner. This will impact on the control environment, both in terms of introducing new controls and removing redundant controls. Internal Audit needs to understand the impact on the business, and look to leverage the advantages of robotics in their own operations.

CIIA Code Review Survey- Summary

687 kb

Summarised results from the November survey

CIIA Code Review Survey - Detailed Narrative Responses

257 kb

Detailed responses to individual questions

Speakers Icon

Speakers Profiles

Jonathan Hayward

Director

Independent Audit

 

 

 

Jonathan has spent much of the last decade focusing on governance. He is a recognised expert in the review of boards and committees, as well as expertise in the effectiveness of risk management, internal audit and external audit. He was previously a partner at PwC in London and Moscow. He sits on the ICAEW’s Financial Services Risk and Regulation Committee.

Emma Howard

Internal Audit Business Partner

Bupa

 

 

 

Emma is a qualified ACA and CFE accountant with 10 years experience within Bupa. Emma currently works in the Global Communications & Development team as Quality Development & Methodology Manager. Prior to this Emma worked in external audit and assurance at Deloitte. 

Martin Skipsey

Director

EY

 

 

 

Martin focuses on strategy and delivery of Robotic Process Automation and data-centric transformation programmes within Financial Services. He joined EY’s London office in 2012 and has 18 years’ experience advising on and successfully leading technology and data change programmes. Martin is certified in PRINCE2 &Scrum (Agile

David Sooby

Manager

EY

 

 

David is a manager in the FS Risk team at EY, focusing on internal audit and internal controls in the insurance sector. David has worked on internal audit projects in outsourcing, solvency II and risk culture, as well as internal audit transformation. David has worked for EY for the past 7 years having graduated from Oxford University with a physics degree

 

Richard Willshire

Senior Auditor

JLT

 

 

 

Richard is a qualified ACMA accountant and internal auditor (CMIIA) with 6 years of experience. Richard performs audits across a broad range of operations, and has helped to develop Data Analytic abilities.