Higher education and the comprehensive spending review

In order to be awarded CPD units you must answer the following five random questions correctly. If you fail the test, please re-read the article before attempting the questions again.

  1. Why should internal audit adapt now?

  2. What now should be a principal driver for the internal audit plan?

  3. Given the author’s views about routinely auditing payroll what other example would you be circumspect about including in the audit plan?

  4. What is causing Higher Education institutions to consider their strategies and internal auditors to think about their approach?

  5. What is meant by ‘zero based’ approach to audit planning?

  6. How might value for money (VFM) impact on internal audit in the context of the funding challenges for institutions?

  7. In what way should internal audit support change projects in the institutions?

  8. How might internal audit’s involvement aid marketing and business development as key strands in ensuring HE institutions’ continued viability?

  9. What might shape internal audit direction with institutions’ needs for international growth?

  10. Taking the overall impact of the Comprehensive Spending Review on internal audit focus, what one key area might internal audit want to focus on for the longer term?