Internal auditors are assurance providers charged with evaluating risks and providing stakeholders with reasonable assurance that risks are appropriately identified and treated. This usually begins with a risk assessment, followed by audit planning, which leads to an audit engagement and finally ending with an audit report containing issues that need to be addressed.
By now, we’ve all seen the standard
Are Audit Recommendations Obsolete Read More »
I recently wrote an article discussing the up and downside of risks (Risky Business As Usual). I strongly believe auditors must be aware of both. This view sparked a lot of discussions on LinkedIn and emails in my inbox. I stand by the position that risk management involves managing threats and opportunities. Recently, I CFO.com article introduced the concept of Value Map in which the traditional
Auditors Must Understand the Reward Side of Risk Read More »
A recent Businessweek article discussed the craziest things employees tried to expense in 2012. Some of the strange items included live baby octopuses, deer urine and a trip for a job interview. These items are so outrageous, it is pretty easy to see why
What are the Strangest Items Employees Attempted to Expense Read More »