August 2012

Beware of the Overconfident Audit Clients

Reading Time: < 1 minute Have you ever had an audit client who seemed to have all the answers to every query immediately. They have a presence that is either captivating or intimidating or both. They deliver explanations to you with an unmoving confidence. It is important to consider that confidence does not necessarily equate to competence. And overconfidence can

The Power of Observation & Inquiry

Reading Time: < 1 minute Observation and Inquiry is an important skill set that must be in every auditors toolkit. It requires us to remain objective at all times. I find it interesting how this skill is not only applicable to auditing, but also in “life outside of audit” interactions. I recently wrote about what appeared to be bribery at the London Olympics. Further inquiry disclosed that this normal and acceptable behavior. Well, I have noticed another instance of good observation, ineffective inquiry.

What do audit checklists/templates have in common with Star Wars?

Reading Time: 2 minutes Star Wars is a classic story that centers around a young slave named Anakin Skywalker who discovers he is one of a special set of people who possess an energy known as the “force”. A Wikipedia entry describes the force as

“an energy field created by all living things [that] surrounds us, penetrates us, [and] binds the galaxy together.”[1] The Force allows users to perform various supernatural feats (such as telekinesis, clairvoyance, precognition, and mind control) and can amplify certain physical traits, such as speed and reflexes

What is your auditor personality type?

Reading Time: < 1 minute Auditors frequently encounter various types of clients with personalities ranging from shy to overzealous. The personalities and behaviors are oftentimes topics of discussion. However, in this article, I would like to discuss auditor personality types. I believe that there are at least 4

Internal Auditing, Observation, Inquiry, Bribery, Olympics

Reading Time: 2 minutes The scope of an auditor’s job expands constantly. One major aspect of the function is to guard against fraud. Auditors perform a variety to techniques to test for fraud. Two of the most essential fraud discovery techniques are observation and inquiry. Done right, auditors can become valuable organizational assets. Done wrong, auditors can be viewed as overzealous obstacles.

To be successful, auditors must

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