Chartered IIA: Brexit - ‘starter for 10 or 11’ for internal audit to consider now

18 October 2018

Whilst politicians cogitate and the media speculate, the organisations continue to operate and plan for an uncertain future. Brexit cannot be avoided. The Chartered IIA is preparing its research report detailing the Brexit preparations of audit functions.

There are decisions that cannot be made until the details of the Brexit deal are finalised but preparation and informed choices are imperative. Yet everything cannot be left until the 11th hour. Internal audit can help their stakeholders to shine a light in the darkness of the current uncertainty. 

In the meantime, here are some questions to get you thinking:
1. Brexit – preparedness audit

Internally:

Externally:

2. Contingency planning/supply chain adaption

3. Third party management

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