Earlier this week I watched a webinar put on by the Audit Director Roundtable, a great resource for internal auditors, titled Enterprise Risk Audit Planning. If you follow me on Twitter, you might have seen this: @neilmcintyre: IT problems for Audit Director Roundtable delay the start of the Enterprise Risk Audit Planning webinar The problem [...]

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A survey conducted at the recent Institute of Internal Auditors annual conference by Protiviti has revealed that ⅔ of IA professionals believe their department is under-resourced and therefore unable to adequately carry out their duties. Protiviti’s take is that due to increased expectations of the assurance Internal Audit can provide on an ever-widening spectrum of [...]

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I wanted to draw your attention to an article that recently appeared on CFO.com about continuous auditing, mainly because the topic is one which is as misunderstood as it is trendy. Continuous auditing is generally held to be an automated approach. Increasingly it is assumed to mean examining all data relevant to the audit being [...]

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A guest post by an intern in Internal Audit was recently featured on another accountant’s blog, I Want To Be A CA, and I was first alerted to it by Krupo’s post title bait. The post is not complimentary about internal audit, but the support for its thesis is so flimsy and based on purely [...]

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The news that KPMG has snapped up the audit of Rentokil Initial from rival PwC brings with it renewed concerns around the independence of firms providing additional services as well as opining on financial statements. Under the arrangement KPMG would undertake all the statutory responsibilities associated with an external audit, while also ‘delving deeper’ and [...]

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