Internal audit. The name leaves something to be desired, in my opinion, and unless you’re familiar with IA, it could be a bit confusing. It also creates this false dichotomy with external audit that really doesn’t exist. Within the IA context, the audit of financial state­ments is supple­mental and focused on only one risk: reporting […]

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Having spent the past 3+ years in internal audit, first for a global building materials manufac­turer and now with a Canadian retailer, I figured I ought to go for the certi­fi­cation and make it official. So, a couple months ago I committed to earning the Certified Internal Auditor (CIA) desig­nation. The first step was to […]

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At the end of September the IIA and ISACA announced they had reached an agreement to “create a basis for cooper­ation and collab­o­ration” between the organi­za­tions. The agreement is formalized in a Memo of Under­standing that has been signed by both parties. The MoU lists a few areas where this agreement makes cooper­ation possible: Speaking […]

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That’s the recom­men­dation from the Institute of Chartered Accoun­tants of India (ICAI), as reported by The India Express: “In the high-powered committee report on Satyam scam, we have proposed that internal audit should be outsourced and not be in house so that there is more indepen­dence. If the auditor is from the organ­i­sation, it is […]

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BusinessDay, a South African business news website, published a recent article refer­encing an E&Y study involving “more than 100 industry analysts from more than 20 disci­plines”: Organ­i­sa­tions need to break out of the compliance cocoon and evolve into a fully fledged leadership role that delivers real value to the business. In the current economic climate, […]

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