Categories


Outstanding team (four sub-categories)


  • Public sector
  • Private sector (non-FS)
  • Financial services sector
  • Third sector

We want to hear about teams that have performed exceptionally and/or have achieved exceptional results. We are looking for teams who have overcome challenges (within their organisations or externally), have operated in new, unfamiliar or technically demanding areas or who have otherwise demonstrated exemplary professional auditing skills, teamwork and personal abilities.

Please note: In recognition of the fact that some third-sector teams are extremely small, nominees in the third-sector category do not have to be a member of the Chartered IIA or have a member in their team.

 


Inspirational leader


We are looking for a Chief Audit Executive (CAE) or a Head of Internal Audit (HIA) who has demonstrated not only superb technical skills, but who has also achieved exceptional results because of their leadership, strategic and soft skills. The winner will be inspirational not only to members of their own team, but also more widely within their organisation. They should demonstrate a clear view of the future of internal audit and of the ways in which they are developing their team and the function to be fit for this future.

Evidence should include not only examples of successful audits, but also accounts of the ways in which this person leads their team, sets an example, encourages junior internal auditors and increases the influence of internal audit within the wider organisation. The judges also want to see evidence of the individual’s superior commercial acumen and of the ways in which they are actively supporting management and the organisation to deal with commercial challenges.

 


Innovation in training and development


Has your organisation implemented a fantastic new training scheme or a new system for developing the skills of the internal audit team? Has it found a way to engage staff with their continuing development obligations or introduced better ways to share the collective knowledge and expertise of the team with peers and new recruits? We are looking for innovative ideas and lateral thinking about training and development as well as for evidence of improved results in the delivery of audit engagements or increased motivation to take and pass additional qualifications.

Let us know what was innovative about your training (for example, did it change the way you worked with other teams or improve collaboration with colleagues across the organisation or the quality of overall governance and control)? The judges will be looking for a clear focus on the outcomes of the training and what it achieved in practice.

 


The judges' awards for outstanding contribution (two sub-categories)


  • The Judges’ award for outstanding contribution by internal audit to furthering an organisation’s response to climate change risk
  • The Judges’ award for outstanding contribution by internal audit to enabling an organisation to gain opportunities from its diversity and inclusion agenda

Nominations in these two categories should focus on the way in which internal audit has made a difference to the performance and outlook of their organisation. The judges will be looking for clear evidence of outcomes and results. What has internal audit done? What did the team aim to achieve and what evidence is there that they have achieved these goals?

The judges will want to see endorsements from across the business and a focus on the way in which the nominated team is helping to steer their organisation forward in these crucial and rapidly evolving areas. They will want to see evidence of real change and how this has benefited/is benefiting the organisation in practice (beyond the demands of regulatory compliance).

Nominations in these two categories should focus on the way in which internal audit has made a difference to the performance and outlook of their organisation. The judges will be looking for clear evidence of outcomes and results. What has internal audit done? What did the team aim to achieve and what evidence is there that they have achieved these goals?

 


Criteria


  • Entries will be judged purely on what applicants include on their nomination forms and on whether they have met all the criteria and have provided the information requested.
  • Failure to provide requested endorsements from senior management/the head of internal audit/the chair of the audit committee will result in the entry being rejected.
  • The judges will be looking for clear evidence of results and the way in which an individual, team or process has met an explained need or resolved a problem.
  • Individuals can nominate themselves or their team, as well as their colleagues, but must provide supporting endorsements where these are requested.
  • Organisations and teams can send in multiple nominations, as long as each nomination meets all the required criteria. However, the judges will expect each nomination to be clearly targeted at a specific category (for example, multiple identical entries in different categories will not be acceptable).
  • Potential nominees who are in any doubt about the appropriate category in which to nominate someone should contact our Audit & Risk Magazine Editor, Ruth Prickett. You can reach her on email at ruth.prickett@iia.org.uk.