Member of Financial Services Committee established by Institute of Internal Auditors (Australia)

Sheedy, E. (Contributor)

Activity: End user engagement and expertiseAdvisory position

Description

The Australian financial services sector has come under greater scrutiny and pressure following the Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry. One clear policy failure, which was raised in APRA’s Prudential Inquiry into the CBA, was the role internal audit could play in governance structures. In many instances audit reports were just ignored.

The IIA of Australia established this committee to create a Better Practice Guide. The committee consisted primarily of distinguished industry professionals; I was invited to participate as a risk governance academic. The Guide aims to assist internal audit practitioners, senior management, Audit Committee Chairs
and stakeholders to achieve the objective of improving governance structures.
PeriodSep 2019Nov 2020
Work forInstitute of Internal Auditors, Australia, New South Wales
Degree of RecognitionNational