Communicate Blog

Integrated Reporting: Benefits and Challenges

Sandra Olivier - Tuesday, January 19, 2016

hand with mechanical wheels Increasingly, businesses are expected to report not just on profit but on their impact on the wider economy, society and the environment. Integrated Reporting was developed because of the increasing concerns that existing reporting frameworks and conventions do not enable a company to fully reflect how they create long-term value or help companies adequately connect all the value creating activity within their organisation.

The Volkswagen crisis highlights again how easily stakeholders can be misled by overly positive corporate reporting. Its latest annual report published in March 2015 projects VW as the ‘most sustainable automotive company in the world’. At the time of writing, VW’s supervisory board and the board of management maintain that they were unaware of the emissions manipulation. This incident might not lead to VW’s collapse, but the financial and reputational impacts are likely to be serious. This incident places the focus on the need for the integrated reporting framework, which is a useful tool to aid directors and investors in fully understanding and evaluating a company’s activity and performance.

Benefits of Integrated Reporting
Many organisations are finding that a fundamental change in reporting requires much more than a focus on the end report. It requires a deeper understanding of all the building blocks of the business value creation process.

Integrated Reporting can be regarded as just another reporting convention or a different way to meet growing compliance requirements. But Integrated Reporting is far more than just a reporting framework. It helps a company in more than one way:

  • One of the most important and most common benefits that organizations experience is a new and better understanding of how organizations create – or destroy – value.
  • The disclosure of key risks and opportunities as management views them enables investors to assess the short, medium and long term impact.
  • Tell the Story - of how value is created more effectively, both internally and externally, in such a way that it will win trust and secure the company’s reputation by encouraging better relationships with investors, employees and their stakeholders.

Challenges of Integrated Reporting
One of the key practical challenges organizations continue to face is transitioning a traditional annual report that is focused on financial metrics and related detailed disclosures to a broader report that tells the value creation story of an organisation in an understandable way.

Traditionally Financial and Sustainability Reports were 1000 of pages, the integrated report requires a different approach reducing the volume of information to enables better focus and understanding of the material aspects of the group’s performance, strategy and prospects.

One of the distinguishing features of Integrated Reporting is that in contrast to compliance based reporting, there can be no model report – every report must be built around the unique business model of the preparer. This has left many organisations unsure on how to structure integrated reports.

The world in which companies operate is changing. Integrated Reporting is now required for listed companies in South Africa on an ‘apply or explain’ basis. Businesses are facing capital constraints from a broader range of resources than just finance. Boards are responsible for addressing these capital requirements in a sustainable manner for a company’s long-term success. Integrated Reporting can help fill this gap by providing a basis for companies to explain their value creation more effectively to the capital markets.

If you are looking for qualified finance staff to assist your business in the challenges around integrated reporting or other financial issues, we can assist. Communicate Personnel have placed hundreds of Finance candidates over the last 35 years at top employers around the country. Contact us today for assistance. 

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Changes In The Internal Auditing Function

Mallisa Watson - Tuesday, August 25, 2015

folder The role of internal auditing has evolved significantly over the last years. Internal auditing has expanded to include services that add value not only to the internal control processes, but also embrace control and risk management, in ongoing efforts to meet the needs of various stakeholders.

Despite all of the above, internal auditors in the South African public sector may be falling short, failing to fully meet the expectations of their stakeholders. This is according to a recent survey conducted by the National Treasury and other finance partners. There have been a number of changes within the public internal auditing function in the public sector, below are just two of the important areas.

Risk focus
As companies adapt to the rapid change in the global economy, the risks they face are often unknown and unfamiliar and this potential impact on the business’s future is extensive. Therefore, internal audit functions needs to adapt to the changing risk landscape.

Forward-thinking internal audit functions are providing input on what to consider as the business assess a certain path for example, entering into a new market. At other times, internal audit identifies potential risks as the process is under way, such as cost reduction. It’s therefore important that the Chief Audit Executives (CAE) are involved at the optimal time to provide advice.

The overview of the current situation regarding internal audit staffing, seems to indicate that the public sector have an insufficient number and quality of employees to empower the internal auditing function to provide the level of service expected by their stakeholders.

Research shows that this could be attributed to the fact that CAEs are not adequately qualified (academically and professionally), that too many vacancies exist, that staff turnover rates are too high and that the level of internal audit is too low for the demands of the job.

The talent gap and lack of business expertise are increasing. There is a poor perception of internal audit’s relevance and value in the public sector. As the public sector looks to the future, internal audit functions need to acquire diverse skill sets to address the most critical risks facing their industry. According to PwC’s report, organisations are turning to third parties to close the talent gap.

The way forward
An organisation’s commitment to effective internal control should be reflected directly in the importance it attaches to its internal audit function. The internal audit charter, approved by the board or audit committee, should clearly identify the roles and responsibilities of internal audit with respect to fraud risks. This will require fraud investigation teams to obtain sufficient knowledge of fraudulent schemes, investigation techniques, and applicable laws.

It is very important that the internal audit functions are sufficiently funded, staffed, and trained, with appropriate specialised skills. This would depend on the nature, size, and complexity of the operating environment of an organisation.

The success of any internal auditor lies with that person’s commitment to constantly develop and improve, along with his or her deep understanding of the organization’s needs and how they can be met through the internal audit function. At no time is this truer than in today’s business environment.

If you consider yourself to be one of South Africa’s top Internal Auditors and currently in the market for finance jobs, be sure to visit our vacancies pages to apply!

Need top calibre candidates to grow your organization? We source the very best. Contact us today.

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Research reveals financial services require more female millennials for growth

Sandra Olivier - Tuesday, July 21, 2015

executive women According to a recent report by PwC female millennials are set to play an important part in the future growth of financial services globally. Female millennials are entering the workplace in larger numbers than ever before and come with their own set of expectations and ambitions for their careers. This means that employers should really take a closer look at their talent management practices especially in terms of this generation. Females’ views about diversity and inclusiveness in the work place seem to have reached a tipping point. No longer are they seen as ‘soft’ issues, but rather as crucial competitive capabilities.

There are several benefits to having women in your financial organization. Women bring a different perspective to issues and because diversity makes companies more representative of the world around them, it has profound implications for relationships with stakeholders. In addition, the research shows that there is a clear link between the level of female board representation and market performance. This is most marked where women have a strong presence across all levels of leadership.

Other key findings include:

Career development
A perceived lack of career progression is causing many women to leave their jobs in financial services or putting them off joining the sector in the first place. The report found that only 35% feel they can rise to senior levels within their current organisation. In order to tap into the female talent it is clear that financial services employers need to change tact in terms of their career development and the progression opportunities they offer in order to become an employer of choice for these skilled females.

Remuneration and flexibility is key
Women have yet to close the wage gap, even when they have similar jobs to their male counterparts. Only a handful of new jobs offer comparable pay and flexible working, despite technology advances and significant changes in how and where people work. 30% of female millennials in financial services mentions flexible working arrangements as an attraction and almost all see work-life balance as important.

International exposure
As companies grow they spread across the globe, highlighting the importance to seamlessly operate across borders. Female millennials understands the importance to adapt to this trend and the study shows that more than two-thirds, (68%) would like to work outside their home country and 55% believe they need to gain international experience to further their career.

It is clear that female millennials have high expectations of their future financial services employers, they are ambitious and looking for career progression. If you want to attract this generation of skilled females to help your company grow, the need for well-thought out talent management strategies is essential.

It doesn’t matter if you are male or female, if you are looking for a new job in the finance industry we can assist. Communicate Personnel is a specialist Finance recruitment agency with consultants that have years of experience working with some of the giants in the industry. We have a variety of jobs including positions for Financial Managers, Cost Accountants, Auditors, Management Accountants and more. Let us introduce you to your future employer. Check out our vacancy page and apply today.

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How To Brand Yourself As A Financial Analyst

Mallisa Watson - Tuesday, June 02, 2015

Word Cloud For Business ConceptFinancial analysts are experts on the economy and have the ability to read and predict market trends. They use this sort of information to consult to companies, advising on what the best potential business opportunities are. Analysts research every aspect of a prospect deal or investment, and weigh the worth in order to give the best advice. They know how and why a company experiences gains and losses.

Because this department interfaces so closely with management and the business, the specific roles in this sector and their responsibilities vary widely from company to company. Even with this variability, there are some areas you can focus on that will help brand you as a candidate in your company for this role.

Have the need to learn
Most people understand how important it is to learn a new skill and are almost always willing to jump on the knowledge bandwagon.
A natural curiosity and desire to learn is the most critical attribute of an analyst candidate, as they will constantly be required to learn more about the business, evolving issues, and aspects of the industry in order to perform quality analysis. A basic part of an analyst’s role in the company is to take aspects of multiple elements and perspectives mirrored in the business and bring them together with a measurable approach.

A good analyst knows they never know everything about all the aspects of the business and industry, and there is always more to research, study, and absorb.

Creative problem solving ability
You will be required to come up with ideas for resolving the problem and to find fresh approaches. When people face a problem they try and find a solution. Creative problem solvers ask themselves why the problem exists in the first place and what can be changed to prevent it in the future. Sometimes the best solutions to a problem are preventative. Adopt this kind of thinking and be prepared to explain how the way you approach challenges in the workplace is different than most people.

Technical ability
It’s important that an analyst has a conceptual technical understanding because it helps you analyse the problems to be solved and communicate with technical stakeholders, you don’t need to be able to write code or run database queries. However, candidates should have the ability to solve problems using technology. This will likely be demonstrated through an in-depth understanding of Excel group formulas and other commonly used applications like SAP.

Must have experience with working on projects
A good candidate should be able to demonstrate that they have taken on projects in the past and can communicate how those projects have added value to the company. Even those without experience in a project-focused role, should have identified “extra” things that warranted change in their area. They should have had the confidence, drive, and support to institute even small changes and the understanding and communications skills to explain how that project added value to the business.

Understanding of Financial systems
In order to be able to evaluate and communicate the impact of specific business issues for the company, a candidate must have a good understanding of all components of the financial statements.  Journal entries and reconciliations are likely to be reserved for those in the core accounting department, but a thorough understanding of this is the foundation upon which leading indicators and other metrics are built. Knowledge of the debits and credits made throughout the accounting cycle brings a valuable perspective to an analyst who must understand the function of all aspects of the business.

If you possess all of these things and are looking for finance job opportunities, make sure you can communicate your strengths in these areas and are able to give specific examples if asked in the interview. Always insure you stay up to date with the latest trends in the finance industry, who knows? Your next job opportunity might be just around the corner.

Now that you’ve read the above, you’re probably eager to fill out your job application. So don’t let any opportunities slip you by. Visit our finance vacancy page and apply today.  

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Changes to Audit Standards, improving shareholders confidence

Sandra Olivier - Wednesday, April 29, 2015

keybord job search The International Auditing and Assurance Standards Board (IAASB) has released its new and revised Auditor Reporting Standards. The new standards are the most significant changes the profession had seen in 20 years. These changes are aimed at boosting the investor and shareholders confidence in the financial statements of a company. It took more than three years of development to put together the new requirements that are aimed at improving transparency and clarity regarding the processes and thinking involved in the audit.

Some of the new requirements include:

  • Auditors need to communicate in their report what they consider the key audit matters to be and what they did to address them in the audit.
  • Auditors need to focus more on issues of concern, including disclosure in the financial statements.
  • Audit opinion would be at the top of the report and no longer at the end. The name of the audit partner must be noted in the report and an expanded list of the auditor’s responsibilities.

The new standards are effective for audits of the financial statements of listed entities for periods ending on or after December 15 2016.

Auditors and companies will need to prepare ahead of implementation, as some changes will require careful navigation. The new standards will be as new to management, audit committees, and users as they are to auditors.

Whether the Auditor-General of South Africa (AGSA), or any other auditing firm performs an audit, audit readiness has its benefits. With improvements in planning, communications, and data quality, a company can reduce the headaches and often lower the costs associated with a yearly audit.

Here are some tips on making this process as smooth as possible:

It’s always a good idea to get team members with prior audit experience to help facilitate the process. Their past experience and insight into what information auditors normally request and spotting potential problems beforehand can really assist in the process.

Access to Information:
Some of the biggest challenges during an audit is data records that are inaccurate or incomplete or difficult to access. It’s important for finance departments to prepare all data before the audit process to save time and prevents unnecessary time wasted.

Reviewing prior year audit reports
The starting point for any audit will be reviewing the audit report from the previous year. If the client has not addressed recommendations from the past year, the auditor will once again focus back on those issues.

Do you have experience in Auditing? Are you looking for the next big break in your Finance career? Communicate Personnel is a specialist Finance recruitment company that can help you find your next job opportunity.

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Credit: by Stuart Miles

Chartered Accountancy A Changing Profession

Mallisa Watson - Tuesday, March 17, 2015

calculator-178127_1280 The Chartered Accountancy profession is both locally and internationally well recognised as providing attractive career opportunities in various industries, highlighting the flexibility of the Chartered Accountancy, CA (SA) qualification.

In a recent conversation I had with one of our specialist financial recruitment consultants, he mentioned that they are seeing an increase in newly qualified CA’s in Cape Town, however there seems to be a shortage of jobs available for them. The reality is, newly qualified CA’s are still seen in commerce based markets as fairly inexperienced.  In fact, several companies compare them to an expensive graduate in accounting, based on the articles SAICA and SAIPA being recognised as training contracts with accounting or audit firms.

And as for the newly qualified individuals, there are two waves of CA’s. The ones who starts looking early for a job, about  four months before the end of their articles and the second wave is the one who starts looking after he returns from an international secondment (if the opportunity is afforded to him).

However, circumstances have changed. The current job market for newly-qualified accountants is extremely competitive and companies are very specific about who they recruit and what type of person they are looking for.   

Changes in the profession
As the global economic recovery strengthens, employers are looking for finance professionals with a wide range of skills, experience and personality traits.
Like every other job in today’s time, the accountant’s profession has changed. You are no longer expected to only have a technical role. Soft skills play a bigger part in your occupation, you need to be able to solve problems, be an innovator and a proficient communicator.

 CA’s (SA) also needs to be able to adapt to any environment, able to self-manage and take initiative. These are attributes that must be developed during the education phase in order to ensure that you retain the reputation of the qualification.

Changes in the labour market
The shortage of employment opportunities arise from pressure on a company’s bottom line and changes in the labour market and the South African economic conditions. Taken into account the high cost-to-company associated with employing a newly qualified CA (SA), many companies are reconsidering creating or making positions available, which decreases the supply for qualified CA job positions.  

Many companies are also rather choosing to hire accountants who have completed articles but without the CA (SA) title as a cheaper option to gain an experienced staff member, without the cost of the qualification.

Internationally the financial cycle has also made its mark on South Africa. It has become harder to obtain visa’s which allow employment. Fewer audit trainees are being sent on secondments overseas. Highly skilled CA(SA)’s that previously formed a large part of the employee basis in the financial sector overseas, especially in the UK and USA, have returned to South Africa.

The employer holds the key to success
In an ever changing workplace, employers seek employees who are interested in keeping up with new developments and knowledge in the field. It has been noted that one of the top reasons employees leave their employers is the lack of opportunity for career development within the organization.  

We keep on hearing and reading about the constant skills shortage in our country. But keeping up with current changes in the accounting field is vital for your success and increased job security.

The most recent professional evaluation exam held by the South African Institute of Professional Accountants (SAIPA) provides a picture of the positive impact several industry bodies are making towards the growth and transformation of the accountancy industry.

Why networking is vital for accountants today
The accounting professionals need to demonstrate that they bring more to the organisation than just their qualifications and technical skills. Looking into the future it will be just as much about being an expert in an individual field, as about building trusting relationships with experts in a wide range of services.

The accountancy role is now expected to have a hands-on attitude within the company, partnering with potential clients to develop best practice and improve its bottom line.

Networking is a really good way for professionals to stay in touch with changing industry standards and trends.

We all have aspirations and dreams of what we want to do and who we want to be, so stay focused and be prepared to put in the leg work to get there. Although the industry is changing and in some ways becoming more challenging, if you have the right technical and soft skills you will find numerous job opportunities to advance your career.

Communicate Personnel is a reputable recruitment agency with specialist consultants who can help you with your job search.

If you are looking for your next accountancy or finance role, view and apply for our latest job opportunities today. 

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Importance of the World Economic Forum for South Africa

Sandra Olivier - Tuesday, February 03, 2015

stock market graph with pie chart Various critics have questioned the forum’s purpose, calling it a talk shop of the rich and powerful.
However, with thousands of leaders from several spheres, including business, government and academia gathered together this is the perfect platform to highlight South Africa as a key destination for foreign direct investment. The World Economic Forum takes place less than two weeks after the Paris terrorist attacks and amid a shift in global power politics caused by the plunge in oil prices.

Many of the development partners at the World Economic Forum, especially global business, are key to the achievement of the goals for moving the country forward. South Africa attracted around 24% of all the FDI projects in Africa between 2007 and 2013. In this light, and notwithstanding the challenging global economic conditions, the UK’s Global Financial Times Magazine (in August 2013) voted South Africa overall winner for best investment destination in Africa for 2013 and 2014.

The South African Agenda
South Africa used this platform to market and gain support for their new flagship project, Operation Phakisa, especially the component dealing with promoting the ocean economy. South Africa's oceans have the potential to contribute up to R177-billion to the GDP and create over one million jobs by 2033, two decades from now.

Areas of focus are marine transport and manufacturing activities, such as coastal shipping, trans-shipment, boat building, repair and refurbishment, offshore oil and gas exploration, aquaculture and marine protection services and ocean governance.

South Africa’s presence at the WEF meeting was critical to help grow our countries reputation as a global investment and business destination. It offers a unique opportunity to share with the world the vision for the future and new developments within the country.

Networking and sharing of information
On the other hand, world events and trade partners hugely affect the local economy. These are China’s slowdown and its consequences, the impact of falling commodity prices, and the prospect of US monetary tightening. Many attendees to the WEF highlight the insight into world economic events and information sharing between countries and economic leaders of the world as the most valuable part. The WEF brings in so many Young Global Leaders, and so many passionate Social Entrepreneurs that the spirit and the program ends up leading to great knowledge exchange and lasting commitments that go on beyond the close of the conference.

Although many question the importance of the WEF amidst the immediate challenges, we are facing in South Africa with economic growth and the energy crisis. The reality is that for South Africa the value in attending is the ability to efficiently conduct global business through building the right relationships and managing South Africa’s reputation as an attractive market for foreign investment.

The numerous challenges faced within our economy highlights the need for skilled and knowledgeable finance staff to help you manage the uncertainty. If you require assistance in recruiting your next finance hire, we can assist. Communicate Personnel is a Finance recruitment agency with consultants that specialize in working with Financial Managers, Cost Accountants, Auditors, Management Accountants and more. Contact us today with your staff requirements.

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Confusion over tax amendment to pension funds

Sandra Olivier - Wednesday, October 29, 2014

retirementSouth Africans, generally, do not save enough for retirement. A large proportion tends to cash in some or all of their retirement savings when changing employers. This is evident in the low savings rate of the country – as various studies estimate that less than 10% of people can retire comfortably.

To increase the level of retirement savings, Government believes tax incentives can play a valuable role and they’ve been working on policies to change the landscape and reform retirement-planning. There are a number of changes that were intended to come into effect next year and the landscape around these changes is a complex one. Increasing longevity means one’s savings need to last longer and government’s proposals around retirement reform aimed to encourage investors to act in their own best interests.

However, the proposals caused wide scale panic. Thousands of people, who feared being forced to forego cash pay outs from provident funds when changing jobs, quit their jobs to access their money before the new laws take effect. It emerged earlier this month that Finance Minister Nhlanhla Nene agreed to a two-year delay after Cosatu successfully lobbied Treasury.

A number of service providers sadly have already spent a significant amount of time and money to be ready for the change next year, by implementing changes to their administrative systems only to hear they will now have to wait until 2017.

The delay will also mean that contributions to provident funds will not benefit from the same tax deductions enjoyed by pension fund contributions, until the law takes effect. Provident fund members will not be required to convert two-thirds of their savings into retirement annuities and will still be able to cash them out as a lump sum on retirement.

Payroll departments can’t ignore these ongoing changes in the retirement industry and it’s now more than ever necessary to stay up to date with legislation to avoid what could be an administrative nightmare and unnecessary costs.

If you require Finance staff that can help you manage the coming changes in your company, we can assist. Communicate Personnel represents a range of exclusive, skilled candidates across all levels of the finance sector including senior executive financial positions. These include banking, insurance, mining, financial services, FMCG and management. Contact us today!

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It’s Crunch Time for South Africa’s Economy

Mallisa Watson - Wednesday, October 01, 2014

World Map Background Means International Oceans Or Global MapWith President Zuma’s State of the Nation address stating strongly that the time has come to tackle poverty, inequality and unemployment, and the recent downgrade of our outlook to “negative” by international rating agencies Standard & Poor and Fitch, it’s clear that South Africa’s economy is in need of a serious boost.  

There has been significant disruption in our platinum mining industry recently, as underpaid workers demand better pay from the massive corporations profiting from the resources of South Africa. And a political party has gained prominence – and seats in parliament – by demanding economic freedom for the South African working class, through the nationalisation of key resources and sectors.

But where do we go from here? The answer is quite complex and will require the cooperation of not only individuals, but also countries coming together working hand in hand. It’s time for South Africa to seriously start addressing these issues and take action.

When one link in a chain breaks, then the entire interdependent and integrated world economy is threatened with failure. The effects can be devastating, as the world realized when financial markets in the US collapsed, sending ripples across the globe.

In his introduction at the Group of Twenty (also known as the G-20 or G20) outreach seminar, vice chancellor  Mandla Makhanya, explained that the global economy was slowly backing away from that breach, but that there was still work to be done. He pointed out that global economic activity and the meltdown in 2008 had shown governments that what it meant to be a nation had also changed irrevocably.

Makhanya highlighted challenges facing nations – jobless growth and growing inequality – but added that there were people working to tackle these problems. The G20 group of nations, and its target of 2% growth, is the best hope to help reap the promise of better futures for all. "The G20 is capable of catalyzing a global turnaround. They are able to grapple with challenges at a global level and can put in place workable solutions," he added.

Opening Africa's borders to improve trade efficiency
The G20 seminar reported that cross-border trade has grown by 4% in 2014, to levels not seen before 2008. If that growth can be sustained, Africa can, trading with itself and the rest of the world, lift itself out of poverty.

"G20 policies on cross-border trade will affect inequality by lifting more people out of poverty. If governments can be convinced to take action to free up trade, especially across borders, it will have a ripple effect on development issues. By not stopping trucks at the border you improve the efficiency of the supply chain, create jobs along the chain and positively affect issues like food security as well."

The G20 believes the open markets will create opportunities for businesses in Japan to sell its TVs to customers in Europe, while a farmer in Kenya will be able to ship produce to America, without losing a third along inefficient supply routes, as easily as selling to Kenyans.

Dr Heather Smith, Australia's G20 Sherpa and keynote speaker at the event, said stability is at the core of what they are trying to achieve. "We accept that the financial crisis was created in developed economies but we are all connected. We need Africa to be part of the change because the poorest of the poor were the hardest hit" Smith concluded.

The world still faces global challenges, but as Africa has prospered members of the industrialised G20 nations have begun to look at the continent not as a charity case, but instead as the newest, most promising market, holding the potential to stabilize and rebuild the world's economy.

If you are looking to give your finance career a boost into the right direction, apply now for our current finance jobs!

We have great opportunities for Financial Managers, Auditors, Cost Accountants, Senior Financial Accountants and so much more. Visit our vacancy page and apply now!

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Internal Audit key to Managing Risk

Sandra Olivier - Wednesday, August 27, 2014

risks magnifier definition shows risksOriginally developed as a means of assisting organisations with safeguarding corporate assets and enforcing corporate policies to preserve value, internal audit is expanding its traditional role with a new focus on value creation activities.

Accelerating change has characterised the business landscape for many years and this will continue. New competitors, technologies and financial instruments, changing cost structure and regulations, increasingly integrated global economies and other development are creating new risks and opportunities for organisations to consider.

As these developments progress, it opens a new door on opportunities for internal audit to regain its historic authority as an independent advisor to management by supporting top management goals, monitoring key risks and improving regulatory compliance efforts.

Internationally there has recently been a shift to focus more on supporting executive management in effective management of key risks.

The Committee on Internal Audit Guidance for Financial Services in the United Kingdom has after a year-long consultation issued its recommendations for effective internal audit in the financial service sector. Experts have predicted that similar recommendations will be applicable to South African firms in the near future.

The guidance presents an opportunity and a welcome push for internal audit functions to proactively move onto the front foot and increase their relevance to their respective organisations and the financial services industry as a whole. In the context of a financial services sector, which globally has been subject to intense criticism over recent years this is a welcome shift for the industry.

Internal audit are therefore starting to plays a critical role in helping companies successfully manage the change by providing assurances that with every new process, procedure and initiative, any significant new risks that emerge are identified, monitored and managed effectively. This is to ensure that the company is protected on an ongoing basis and to a level that satisfies management and the board.

 The responsibilities of internal audit are expanding and, consequently, the required skill sets are changing. Internal auditors must continue to enhance their skills and educate themselves on new technologies and competencies that will be required in the months and years to come.

The success of any internal auditor lies with that person’s commitment to ongoing learning and capabilities improvement, along with his or her deep understanding of the organization’s needs and how they can be met through the internal audit function.

Internal audit is starting to reassert its involvement in a range of risks that an organization is facing today creating exciting new challenges for all in this industry. If you are looking for greater success in your career, we can help you untangle the steps to your next job opportunity. Communicate Personnel is a specialist finance recruitment agency, with the very best finance recruiters. We have various finance jobs including accounting, auditing, taxation, and financial manager jobs. Check out the latest vacancies and apply today!

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