One of the challenge facing internal auditor is to how to improve the control environment? Tone at the top matters. … More
Tag: Internal Controls
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 an Internal Audit Plan
An Internal Audit Plan is the work schedule for Internal audit. Lots of thoughts, brainstorming, time gets spent in preparing … 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
Value addition by internal audit
Definition of internal audit , IIA standards, professional organizations preaches internal audit to add value. Internal auditors claim that they … 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
Audit clients categories
There are three categories of audit clients: Clients who accepts all recommendations Clients who do not accept any recommendations Clients … 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