IIA Inc has revised standards on internal auditing. The revised standards become effective from January 2017. One of the new … More
Tag: Risk
Control Self Assessment: Improving internal control environment
One of the challenge facing internal auditor is to how to improve the control environment? Tone at the top matters. … 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
Revenue Assurance
Revenue assurance as a function is dominant in telecommunication industries. However the lessons learnt can be applied in any industry. … 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
Cambridge Analytica’s so called data leaks-What happened?
A researcher had created an app for personality testing, number of people downloaded, due to facebook’s policy at that point … 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
What is Risk Appetite?
What is risk appetite? What does it mean? This question has set the ball rolling in an informal group of … More
Risk Management Mistakes Many company make
Recently I got the honor of being part of a panel discussion on “Risk Management Mistakes Many companies make” This … More