The Chartered Institute of Internal Auditors, a professional association for internal auditors in the United Kingdom and Ireland, announced the winners of its Audit and Risk Awards 2018 this week. The awards recognize excellence in internal audit, including innovation and leaders in certain sectors.
“As in previous years, the excellent quality of all the shortlisted entries led the judges to award highly commended certificates in three categories. They also praised the innovative use of a team of psychologists to assess behavioral risk,” the CIIA noted in its announcement of the winners. (See related article, “Does Your Internal Audit Team Need a Behavioral Scientist?”) The organization awarded top audit teams in financial services, the public sector, and the private sector.
Award winners included:
Best Use of Technology:
Winner: Lloyds Banking Group, Data Analytics Team, Group Internal Audit
Highly commended: AuditOne
Innovation in Training and Development:
Winner: Howdens Audit and Risk Team
Highly commended: Assurance Lincolnshire
Highly commended: Barclays Internal Audit Team
Inspirational Leader:
Winner: Gareth Cronin, Allied Irish Banks
Best Newcomer:
Winner: Daniella Cohen, RSM UK LLP
Outstanding Team Financial Services sector:
Winner: Quilter Plc, Group Internal Audit
Outstanding Team Public Sector:
Winner: HMRC Internal Audit Team
Highly commended: Assurance Lincolnshire
Outstanding Team Private Sector:
Winner: John Lewis Partnership, Internal Audit Team
According to the CIIA, the winners “faced tough competition as the number and quality of nominations for the awards continues to increase each year, but the judges agreed that they highlighted exciting levels of innovation and excellent examples of best practice and inspiring teamwork.”
The judges praised the high standard of this year’s entries, saying that all the shortlisted nominees had shown exemplary performance and demonstrated talent, inspiration, innovation and hard work. 