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 […]

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 […]

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 […]

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 […]

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 […]

Can you trust your employees

Can you trust your employees?  Do you have controls and monitoring systems in place to detect fraud or any transgressions or non-optimal performance within your company? Are you monitoring revenue and costs? If the answer is “No” to any of these questions then you are haemorrhaging cash.  This is a fact.  Without monitoring systems there […]