The Chartered Institute of Internal Auditors has published the code to boost independent assurance and bolster corporate governance.

Code addresses need for ‘robust, competent and appropriately resourced internal audit’, according to the Institute of Internal Auditors.

Reporting on internal controls is a key feature of the scaled-down 2024 update, as is the principle of ‘comply or explain’.

Supply chain warning; Japan improves corporate governance; FRC drops proposals; BP penalises Looney; US investors resist high pay.

In advance of COP28, IIA report says comprehensive due diligence will help business avoid sabotaging net zero target.

Government legislative agenda sees FRC reduce governance code revisions, but declaration on controls survives the cull.

Delays to audit reform prompt parliamentarians to push for its inclusion in government’s legislative agenda despite signs of it being postponed.

In all, the auditing giant has now been fined £30m for its failures at Carillion, reduced to £21.5m for co-operation.

Resilience will be required to face a ‘poly-crisis’ of immediate and simultaneous risk issues, internal auditors believe.

How leaders can worsen a crisis; NED apprenticeships; audit reform on the back burner; US accountancy shortage; supply chain on the board?