The need for well-resourced independent assurance, backed by a strong audit reform and corporate governance bill, is stronger than ever.

Crisis management; auditco comms; management and risk-taking; ‘overly operational’ boards; governance standards.

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

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

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?

Leveraging internal audit can help boards not only to identify and assess risks but to highlight opportunities in volatile times.

The detail of the new regulations has been fleshed out—and could catch many more companies than expected.

Geopolitical risk is here to stay, but businesses may not be ready for the next major incident, says report from IIA and Airmic.