IIA has revised standards on internal auditing. The revised standards become effective from January 2017. One of the new year … More
Category: Enterprise Risk Management
1112 – Chief Audit Executive Roles Beyond Internal Auditing
IIA Inc has revised standards on internal auditing. The revised standards become effective from January 2017. One of the new … More
Internal Audit and culture
Recently I participated in a Conference on Internal Audit. One of the recurrent theme across session was “Culture”. How culture … More
How to create Internal Control Framework for your company
Companies are required to create internal control framework to ensure that things are working. Company while creating internal control framework want … More
Internal Controls for eCommerce Companies
Note: This is an extract from another article to focus on eCommerce Companies. Indian companies act 2013 has mandated that … More
Internal Controls: Companies Act 2013 and Control Catalogues
Background: I got the opportunity to attend a meeting organised by ISACA and ICAI. The meeting was for launching “Guidance note on Corporate … More
Right to Audit – Clause
As part of Risk Management, organisation are becoming more forceful to have the Right of Audit Clause incorporated into their … More
Fraud in Loyalty program
Loyalty programs are the in thing and almost every organised retailer and large number of service providers runs the program. … More
Have you included vendor audit as part of your audit plan?
Have you included vendor audit/ contract compliance as part of your audit plan? Vendor Risk is becoming a greater concern as … More
Where is Risk in Audit Committee Agenda?
“Audit Committee Members don’t understand the risk. Promoters feel that Audit Committee are too much into finance. The Independent directors … More