Recently I had the honor of moderating a session on “Internal Audit: The first line of defense”. The panel consisted … More
Category: IPPF
1130 – Impairment to Independence or Objectivity
IIA has revised standards on internal auditing. The revised standards become effective from January 2017. One of the new year … More
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
Role of Internal Audit
Internal auditing is an independent, objective assurance and consulting activity designed to add value and improve an organization’s operations. It … More
Recommendations in internal audit report: Are they required?
I had an interesting debate recently with another CAE over recommendation. In his organization, they do not give recommendations in … 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
Family Business: Can a promoter’s family members be appointed in Internal Audit Department?
“Can a promoter’s family member be appointed in Internal Audit Department?” This innocuous sounding questions had created a surge of … More
IPPF and Recommendation
This is a work of fiction. If you find any similarities with a real life situation or a person then … More
Resource Management and IPPF
Resource Management and IPPF. IPPF requires that internal audit activity does a proper resource management. Standard Requirement Interpretation 1110 Board … More