The Purpose of an Audit

The reason people get Audits is because they are looking to get a grasp on their finances. By doing this companies can increase their credibility leading to more chance for growth in the company. By doing this companies are able to barricade their capital and save it from being spent on meaningless liabilities. By doing […]

Safety and Money

There is a saying that goes around : “It will never happen to me”. There is also another saying that goes : “If you prepare for it, it usually doesn’t happen”. That is what KBAudit is built upon. We deal with people from all over South Africa saying “I thought it would never happen to […]

YOUR FINANCIAL SITUATION

Based on the economic situation that besets us, it is clear that we need to be more in control of our finances. Without control we are prone to be effect, we tend to be critical of the government, the children and even the employees. When the real reason you are effect of finances is because […]

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 […]

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 […]

Reporting and review of Sustainability data – It is your responsibility

It is becoming more and more important for companies to start measuring their sustainability – in particular their environmental data as relates to a company’s carbon footprint.  Carbon tax is on the way and you need to have a robust reporting system to show completeness, accuracy and validity of the reporting behind carbon emissions (CO2e). Sustainability […]

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 […]

Whatever you are doing you are taking an action

What is the only way to move forward?  You have to take that first step and then the next one. This is positive action.  There is also such a thing called negative action.  If you are retreating or going backwards then this is an action.  If you are sitting still and waiting, this is an […]