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

Spending

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 […]

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 […]

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 […]

The right balance between interesting and interested

Is it better to be interesting or interested? Celebrities can get attention from being interesting and they make a lot of money from this. However the truly great are both interesting and also interested.  Have you ever been to a party and chatted to someone who was interested in you?  How did this make you […]