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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A recent post on Coding Horror on pseudocode reminded me of my work as an internal auditor. You might think it’s strange that a blog post on a programming/development technique would make me think of auditing – well, you’re right. It is a little weird. But hear me out. Pseudocode is called that because it’s not […]

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