December 2012

An Amazonian Lesson on Third Party Provider Management Risks (part 1 of 2)

By

We have all heard the terms outsource and co-source. In its basic form, the words mean that organizations have entrusted parts of their operational processes to others. Sometimes this is done to save money while in other instances it allows organizations to tap into a resource of experts that they may not otherwise have exposure to. Either way, in this marriage of sorts, it is important to understand

An Amazonian Lesson on Third Party Provider Management Risks (part 1 of 2) Read More »

What is the Best Interview/Note Taking Style for Internal Auditors? (Part 2 of 2)

By

In a recent article, I asked “What is the Best Interview/Note Taking Style for Internal Auditors?” This was part one of a two part series where I introduced 3 interview and 2 note taking techniques. Many of you responded to the polling questions asking about your favorite technique. Several of you posted responses in LinkedIn groups. Further, many of you sent nice emails (I like and respond to emails). Newsletter subscribers received two additional tips in the December issue. If you missed part one, read it here (What is the Best Interview/Note Taking Style for Internal Auditors?)

In this article, I would like to introduce/review a tool that can increase note taking efficiency. The typical

What is the Best Interview/Note Taking Style for Internal Auditors? (Part 2 of 2) Read More »

The Best Interview/Note Taking Style for Auditors?-part1

By

Understanding processes, performing testing and evaluating risks & controls not only require good communication skills but it also means auditors must be competent note takers. Good auditors must have a well-organized approach to taking, reviewing and refining notes. Some take detailed notes, while others use outlines. Regardless of the method, it is important to take notes consistently and unobtrusively. Any change in note taking may disrupt the process and cause the interviewee to alter his/her responses. The actions taken shortly after the interview are almost as important

The Best Interview/Note Taking Style for Auditors?-part1 Read More »

How do you describe what you do to friends and family not familiar with the audit profession? (part 1)

By

The internal audit profession is comprised of Certified Public Accountants (CPA), Information Technology professionals, engineers, lawyers, nurses (remember the medical auditors) and more. In general, we ensure risks are appropriately mitigated. But how would you explain what you do to your grandmother. Here’s what I told mine:

How do you describe what you do to friends and family not familiar with the audit profession? (part 1) Read More »

Scroll to Top