Staying ahead of the criminal

Fraud and corporate crime

Robbing people used to be as simple as walking into a wooden cabin and pulling out a pistol and taking what you want. Nowadays, it’s a lot more complicated to rob other people as we have our walls and hundreds of pin codes, we can hardly remember. Unfortunately, though, the robber game has not ended. […]

Control = Income

Good Control in Business It sounds to simple to be something worth writing but it is a basic Truth when it comes to Income. If you are not controlling the situation you are not generating Income from it. So look over your space and see if you are making money in that area of your […]

Where the FD calls the shots with Internal Audit

The following depiction is total fiction and is not based on real events. George Santos stands at his office window looking out over the harbour. The window is floor to ceiling and spans the entire wall of the office. The other walls are panelled in walnut and covered with photos and paintings of ships and […]

How you can see into the future and be a fortune saver for your company

If you are using SAP then this article is a must read. What would you do if you could see into the future and know that something bad was going to happen? You could then take action to prevent whatever it is from happening. Some call this fortune telling. We call it fortune saving. What […]

The anatomy of an audit, part 2

After planning the fieldwork can start. The audit team is delegated specific tests to perform and the fieldwork commences. Everyone should know what they are doing, time allocated and who they will be seeing. The work should be performed in sequence as per the audit programme. This prevents stops and blockages in performing the audit. […]

New systems meltdown – the story of Mr Brown

Mr Brown awakes and rests on his elbow, scratching his bristled face. He can smell the stale coffee and cigarettes on his breath. One too many late nights having to catch up. The white cotton bed-sheets feel soft on his skin. He has to resist the urge to lie back down and close his eyes. […]

The anatomy of an audit

Planning, planning, planning! Never forget how important planning is in making sure that an audit runs smoothly. This includes what is being audited; notifying the auditee (person being audited); collecting and analysing the data being audited; identifying key risks and scoping the audit. There are audits that must be performed so, when planning for the […]

SAP continuous monitoring of data real-time

If you are using SAP then this article is a must read. What would you do if you could see into the future and know that something bad was going to happen? You could then take action to prevent whatever it is from happening. Some call this fortune telling. We call it fortune saving. What […]

The dual role of internal audit

Internal Audit has an assurance role and partners with management and other parties to obtain assurance that the controls in place are working and that the business objectives are being met. This is one of the two main functions that modern Internal Audit performs, the role of assurance partner. The other function is that of […]

What is your business landscape?

When looking at any business or operational environment from an Internal Audit and Management point of view, the landscape must be clearly defined by policies and procedures as well as training manuals and standard operating procedures (SOPs).  This allows employees to know their function and how this relates to the overall product of the department […]