Services provided by KBAudit

The following is a list of the services provided by KBAudit: 1. Audits and review of your business. This includes financial and operational audits as well as developing internal financial control frameworks that help you assess and review your own controls. 2. Sustainability data audits and review Verification of the completeness, accuracy and validity of […]

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 […]

Observation is a key skill in auditing

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 […]