Is scarcity a global agreement?
Are we all in agreement that there is scarcity. The scarcity concept or mentality is pervasive across all aspects of modern society. Scarcity of water, scarcity of electricity, scarcity of good people. Women cannot find a good man. Men cannot find a good woman. There is scarcity of time and for most there is scarcity […]
Observation is a key skill in business
Observation is one of the key skills that can be applied in any professional, occupation or relationship. Proper observation has been known to save marriages. There is such a thing called “obnosis”. This simply means to observe the obvious. So much of what we see is see through the filters of our upbringing, education, religion […]
Fraud detection for companies using SAP
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 […]
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 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 […]
The anatomy of an audit (Part Two)
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. […]
The anatomy of an audit (Part One)
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 […]
With Inflation and Recessions how can you feel safe about money?
There is a saying that goes “It will never happen to me”. There is another saying that goes “If you prepare for it, it usually doesn’t happen”. Lighthouse Consultants is built on this second saying. We deal with clients from all over the world who have said “I thought it would never happen to me” […]
6 WINNING points about Disbursements that could save your company
How you handle Disbursements is a major aspect in any business. 1. You need to know what is coming in but you also need to know what is going out. Going out, DISBURSEMENTS, breaks down into what is needed and what is wanted. 2. Disbursements need to be controlled more than anything else. This determines […]
The true meaning of freedom
Who remembers this day 22 years ago? I remember going to vote and the spirit of optimism that pervaded the country. There was a sense of something new and bright. A feeling as though we had been cleansed and were given an opportunity for a new start. A new country. This day, 27th April, commemorates […]