https://www.theaudithub.co.uk/insights.html Practical guidance on internal audit, regulatory change and careers in UK financial services, written by practitioners. en-gb Thu, 22 Oct 2026 11:21:52 +0000 https://www.theaudithub.co.uk/insights/provision-29-first-declaration-year.html https://www.theaudithub.co.uk/insights/provision-29-first-declaration-year.html Thu, 01 Oct 2026 09:00:00 +0000 Internal Audit For December year-ends, the first material controls declaration covers the year now under way. What boards will be asked to sign, where the evidence usually falls short, and what internal audit should be doing before year-end. https://www.theaudithub.co.uk/insights/failure-to-prevent-fraud-one-year-on.html https://www.theaudithub.co.uk/insights/failure-to-prevent-fraud-one-year-on.html Thu, 01 Oct 2026 09:00:00 +0000 Regulatory & Compliance The offence has been in force for over a year and no prosecution has yet been announced. That is not a reason to relax. The defence will be judged on the procedures in place at the time of the fraud, and the evidence that they worked. https://www.theaudithub.co.uk/insights/smcr-phase-one-reforms.html https://www.theaudithub.co.uk/insights/smcr-phase-one-reforms.html Thu, 01 Oct 2026 09:00:00 +0000 Regulatory & Compliance The FCA and PRA have streamlined parts of the Senior Managers and Certification Regime. The administrative burden is lighter. The accountability is not. What firms should update, and what internal audit should test. https://www.theaudithub.co.uk/insights/motor-finance-redress-scheme-assurance.html https://www.theaudithub.co.uk/insights/motor-finance-redress-scheme-assurance.html Thu, 01 Oct 2026 09:00:00 +0000 Regulatory & Compliance Implementation periods have closed and lenders are now determining and paying redress at scale. A scheme of this size will be judged on accuracy, consistency and customer outcomes. Where internal audit and compliance should look first. https://www.theaudithub.co.uk/insights/fca-sole-aml-supervisor-professional-services.html https://www.theaudithub.co.uk/insights/fca-sole-aml-supervisor-professional-services.html Thu, 01 Oct 2026 09:00:00 +0000 Regulatory & Compliance The government has decided to replace the 22 legal and accountancy professional body supervisors with the FCA. The transition will take years, but the direction is clear. What changes, and what firms should be doing now. https://www.theaudithub.co.uk/insights/eu-ai-act-delay-uk-firms.html https://www.theaudithub.co.uk/insights/eu-ai-act-delay-uk-firms.html Thu, 01 Oct 2026 09:00:00 +0000 Regulatory & Compliance High-risk obligations under the EU AI Act have moved to December 2027. For UK financial services firms the delay changes very little: the FCA, PRA and Consumer Duty already expect credible oversight of AI and models. https://www.theaudithub.co.uk/insights/critical-third-parties-first-designations.html https://www.theaudithub.co.uk/insights/critical-third-parties-first-designations.html Thu, 01 Oct 2026 09:00:00 +0000 Regulatory & Compliance HM Treasury has designated four cloud providers under the UK critical third parties regime. Direct oversight of those providers is welcome, but it does not transfer any responsibility away from the firms that rely on them. https://www.theaudithub.co.uk/insights/iia-cybersecurity-topical-requirement.html https://www.theaudithub.co.uk/insights/iia-cybersecurity-topical-requirement.html Thu, 01 Oct 2026 09:00:00 +0000 Internal Audit Since February 2026, any internal audit engagement that touches cybersecurity must conform to the IIA's first Topical Requirement. What it asks for, where functions are getting caught out, and how to plan for 2027. https://www.theaudithub.co.uk/insights/eccta-failure-to-prevent-fraud-audit-plan.html https://www.theaudithub.co.uk/insights/eccta-failure-to-prevent-fraud-audit-plan.html Sun, 01 Mar 2026 09:00:00 +0000 Regulatory & Compliance The ECCTA duty is in force. Here is how internal audit functions should be responding, from scoping to reporting, and what the Home Office's six principles mean in practice. https://www.theaudithub.co.uk/insights/fca-supervisory-review-audit-independence.html https://www.theaudithub.co.uk/insights/fca-supervisory-review-audit-independence.html Sun, 01 Feb 2026 09:00:00 +0000 Regulatory & Compliance When the FCA comes in, the pressure on internal audit to be helpful can compromise its independence. This piece sets out how to navigate that tension while keeping the audit function credible. https://www.theaudithub.co.uk/insights/iia-aligned-methodology-practical-framework.html https://www.theaudithub.co.uk/insights/iia-aligned-methodology-practical-framework.html Mon, 01 Dec 2025 09:00:00 +0000 Internal Audit Many internal audit functions operate without a formally documented methodology. This guide sets out the essential components aligned to the IIA's Global Internal Audit Standards. https://www.theaudithub.co.uk/insights/consumer-duty-fca-findings-audit-functions.html https://www.theaudithub.co.uk/insights/consumer-duty-fca-findings-audit-functions.html Sat, 01 Nov 2025 09:00:00 +0000 Regulatory & Compliance The FCA's first wave of Consumer Duty supervisory work has produced findings that internal audit teams need to understand. Here is what the regulator found and what it means for your audit plan. https://www.theaudithub.co.uk/insights/co-sourcing-versus-outsourcing-internal-audit.html https://www.theaudithub.co.uk/insights/co-sourcing-versus-outsourcing-internal-audit.html Wed, 01 Oct 2025 09:00:00 +0000 Internal Audit Both models have merit in different circumstances. This piece sets out the key considerations, cost, control, specialism, and regulatory expectations, to help boards and audit committees make the right call. https://www.theaudithub.co.uk/insights/in-house-audit-to-consultancy.html https://www.theaudithub.co.uk/insights/in-house-audit-to-consultancy.html Mon, 01 Sep 2025 09:00:00 +0000 Careers The transition from a permanent internal audit role to consultancy looks straightforward from the outside. Having made that move, here is an honest account of what to expect. https://www.theaudithub.co.uk/insights/financial-crime-audit-fca-expectations-2025.html https://www.theaudithub.co.uk/insights/financial-crime-audit-fca-expectations-2025.html Fri, 01 Aug 2025 09:00:00 +0000 Regulatory & Compliance The FCA's expectations of internal audit in relation to financial crime have continued to evolve. This piece draws on recent enforcement and supervisory activity to set out what good looks like. https://www.theaudithub.co.uk/insights/audit-committee-presentation-guide.html https://www.theaudithub.co.uk/insights/audit-committee-presentation-guide.html Tue, 01 Jul 2025 09:00:00 +0000 Internal Audit Audit committee relationships are critical to the effectiveness of internal audit. This guide covers preparation, structure, handling challenges, and how to present findings that drive action. https://www.theaudithub.co.uk/insights/head-of-internal-audit-first-role.html https://www.theaudithub.co.uk/insights/head-of-internal-audit-first-role.html Sun, 01 Jun 2025 09:00:00 +0000 Careers The gap between good senior auditor and credible Head of Audit candidate is wider than most people expect. An honest assessment of what panels look for, and what typically rules candidates out.