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Internal audit - the Cinderella of the Audit Committee’s responsibilities

Wednesday 15 September 2021 09:00 - 10:00

Risk Management Webinar ProgrammeInternal audit is often the Cinderella of the audit world. It’s a regulatory requirement for insurance companies to have an internal audit function, so why not make it as useful as possible?  This session will look at how to link an internal audit plan to the risk register, and how that helps audit committees and boards to spot problems and fix them. And, of course, how to demonstrate that this is happening. 

Speaker:

Kathryn Morgan

Kathryn has worked in financial services for over 30 years, in both companies and regulators.  She is a qualified actuary and has led research on risk management and capital adequacy assessment.  

She currently chairs two audit committees for insurance companies and is about to chair a third. She is passionate about audit and especially the usefulness of internal audit

 

 

 

Mike Clark

Mike runs a responsible investment advisory firm, Ario Advisory. He works across the investment sector with asset owners, investment managers, policymakers, regulators, investment consultants and NGOs. He recently stood down from his NED role on the Brunel (LGPS) board after nearly four years where in turn he chaired the Audit, Risk and Compliance and Remco board committees. He represents IFoA on the Sustainable Finance Advisory Council at the Oxford Smith School, and authored the 2020 IFoA curated climate reading list. His recent piece Government and its Chief Risk Officer role: an assessment – Actuaries for Transformational Change could be viewed as a citizen’s Internal Audit of the government’s CRO role!

 

 

 

Steve Wilson (Chair)

Steve has over 30 years’ experience in the insurance industry and has held senior positions in actuarial, risk and general management both in the UK and internationally. He spent 24 years at the Zurich group where his roles included Group Chief Actuary, Global CRO for General Insurance and Global Practice Leader for Specialty Products.

Steve has carried out research into risk and governance, including co-authoring a 2020 paper for audit committee members on effective governance of General Insurance loss reserves. He has interacted extensively with boards, investment analysts, rating agencies, regulators and auditors and is currently an Independent Non-executive Director of AM Best Europe Rating Services.

Event organiser

Contact Events Team for more information.

eventmanagement@actuaries.org.uk

0207 632 1498