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June 2016 Seminar

10 June 2016

9.30 am - 1.30 pm

A quarterly review of current internal audit topics and issues of interest to include EQAs, IA in a business undergoing transition, Stakeholder Management and the results of the 2016 GPDG survey

  • Emerging Risks and Internal Audit: A Journey  

      Naomi Schwabe, Director, Emerging Risks and Themes, Barclays Internal Audit

Regulators are increasingly expecting internal audit to scan the horizon where risks to the business are concerned.Internal audit continues to evolve in this area and determine the best approach.Naomi will address the importance of emerging risks for internal audit and what these are. The presentation will aim to demonstrate how internal audit departments can incorporate emerging risks in their audit work and show examples of how to do this in the audit plan lifecycle. Lessons learned from the Barclays Internal Audit function will also be relayed to provide an understanding of the challenges faced.

  • External Quality Assessments (EQA) 

      David Alexander, EQA Reviewer, CIIA

David will reflect on his recent experiences from carrying out EQA reviews and will outline some of the key findings, as well as how best to prepare for an EQA.

  • Pricing in a Soft Market

      Jessica Wills, Senior Audit Manager, PKF Littlejohn & Jonathan Broughton, Senior Partner, RPC Consulting

In December 2015, the PRA issued a 'Dear CEO' letter setting out its concerns over the continued soft market conditions in the UK general insurance sector. One of the PRA’s key concerns was the adequacy of the governance and internal control frameworks for underwriting, particularly pricing. The PRA is now examining this closely through its pricing thematic review of Lloyd's managing agents.  Internal audit has an important role to play in assisting firms to stand ready to demonstrate the robustness of underwriting governance and internal control frameworks.  The presentation will be led by Jessica Wills, a Senior Internal Audit Manager from PKF Littlejohn, and Jonathan Broughton, a partner from RPC Consulting. Jessica will speak about some of the particular issues that internal auditors need to consider in addressing the PRA’s concerns and Jonathan will discuss pricing tool adequacy in the context of the soft market, highlighting some of the common pitfalls of pricing tools of which internal auditors should be aware.

  • CIIA FS Code Review  

      Alisdair McIntosh, Director of Policy & External Relations, Chartered Institute of Internal Auditors

The Chartered Institute of Internal Auditors (CIIA) published its Financial Services Code, “Effective Internal Audit in the Financial Services Sector”, in July 2013. It contains guidance developed by an independent committee made up of non-executives, executives and internal audit practitioners.  The Code is about to be reviewed and Alisdair will be speaking about the process likely to be followed and seeking feedback on participants’ views and experience of the Code.


New Street Square

Greater London


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Speakers Profiles

David Alexander

Daart Solutions



David has a wealth of experience in financial services internal audit from his time with HSBC, NatWest, Benfield and Catlin. He now acts as a consultant, trainer and mentor for HIAs and Audit Committees through his own company Daart Solutions. He regularly carries out External Quality Assessments for internal audit teams, as well as providing advice and guidance through QA reviews and sharing good practice ideas. 

Jonathan Broughton

Senior Partner

RPC Consulting



Jonathan is a senior partner of RPC Consulting having previously worked at Marriott Sinclair, Towers Watson, EMB and Lloyd’s of London. He qualified as an actuary in 1998 and has worked in the London insurance market since 1995. He has extensive experience of reserving, pricing and capital modelling and has helped implement numerous Solvency II projects.


Alisdair McIntosh

Director of Policy & External Relations

Chartered Institute of Internal Auditors



Alisdair leads the IIA's policy programme, working closely with the Chief Executive and the Communications Director, to influence business leaders, policy makers, and regulators on internal audit's role and value in corporate governance, risk and internal control. In particular:

  • Generating policy positions, consulting the internal audit community
  • Conducting high quality research to support the institute's public affairs and communications work
  • Managing the institute's lobbying and policy consultation work
  • Supporting the executive team in raising the profile of the institute and enhancing its reputation.

Naomi Schwabe

Director, Emerging Risks and Themes




Naomi qualified as a Chartered Accountant with PwC in South Africa

Since relocating to the UK in 2002, she has spent 10 years in internal audit in insurance with AIG and Aviva.

She recently moved to internal audit in banking and currently works for Barclays in their emerging risks and themes team.

Jessica Wills

Partner and Head of Governance, Risk & Control Ass

PKF Littlejohn



Jessica is a Partner at PKF Littlejohn and head of the firm’s Governance, Risk & Control Assurance team.  A qualified chartered accountant and insurance industry expert with over 18 years’ experience, Jess works with insurance companies, Lloyd’s Syndicates and insurance brokers on issues such as governance and board effectiveness, risk management, IT assurance and SOX compliance.