Developing an internal audit function – particularly in a heavily regulated sector – has many challenges. However, there are also some advantages that can be derived from a small, close-knit team, the pressure to innovate and to use limited resources effectively and a lack of preconceptions about roles and internal relationships.

In the latest Chartered IIAs Audit & Risk magazine, you can learn how our small but mighty internal audit team recently won the Outstanding Team in Financial Services award and how our Chief Internal Audit, Phil Hart, is leading our team through Internal Audit 3.0.