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 […]

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 […]

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 […]

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 […]