Are you stuck in a timeless rut and can’t seem to shift out of it?
It is funny how deceptive time is and how it can change speed. There is a slow run up at the beginning of the year, things start to speed up and it is the end of the year whizzzz… another year gone. What happens to all the time? It is just eaten up like a […]
The link between understanding business processes and staff competence
There is a distinct connection between understanding business processes, controls and competence. If your employees and management do not understand your business and the reason for certain processes and controls then they cannot take ownership of the processes and will not be responsible for what goes wrong. Understanding comes with knowing the purpose of things […]
The analogy of the car
I like to use the analogy of a car when talking about running a business. Cars are very near and dear to most of us and can become an extension of who we are. The same applies for your business, even if it is an organisation you work for, this becomes who you are. We […]
Control and risk, two sides of the coin
For there to be a control, there has to be a risk. If there is a control without a risk then you have to question the reason for the control. Some controls are in place because they have always been there and may no longer have a purpose. The purpose of controls is to reduce […]
How to grasp control from confusion
The importance of due dilligence
Auditing controls
When most people think of audits they think of financial audits or tax audits. An audits also looks at ‘internal control systems’ as well as the finances. The internal control systems are usually established through the specific design of computer systems. This includes separating (segregating) functions and ensuring that the authorisation of transactions is controlled […]