Some Segregation of duties rule in P2P Function | P2P SOD Rules
In this post we will discuss some SOD rules that should be implemented in Procurement to pay function. These are some general rules that may…
Category: Internal Audit
Quality Assurance in Internal Audit
While internal audit units fulfill their duty to develop and add value to the activities of their organizations, they should also constantly monitor the effectiveness…
All about Operational Audits
What is Operational Audit ? An operational audit process is the series of steps an auditor takes to evaluate the operational activities of a given…
Relationship Between Internal Control & Internal Audit
Internal Control is part of the first line of defense because it is the responsibility of Operational Management, which itself is accountable to Senior Management.…
Internal Auditors … Do more….
With incrementing regulatory requirements and corporate governance rules, expectations from internal audit function are more than just an assurance provider. According to IIA, the Internal…
5 Myths About Internal Audit
5 Myths About Internal Audit Myth – Internal Audit is a burden(cost centre) on company Reality: A well organised Internal audit function is boon for…
Internal Audit Best Practices
This is the Internal Audit Awareness Month. To celebrate this I am sharing my top 5 practices for Internal Audit. Communicate, Communicate and Communicate: I…
Why your company should have In-house Internal Audit team
here are also some advantages of having external firm as internal auditors but its always recommended to have in house internal audit team for some re…
The Audit Diaries | S01 | E03 – The Cunning Auditee
The Audit Diaries | S01 | E03 – The Cunning Auditee The Internal Audit Diaries Season 01 : Managing Auditee Episode 03 : The cunning…
The Audit Diaries : S01E02 – The Friendly Auditee
After positive response on Ep 01, here is another episode of our Audit diaries Season 01 – Managing Auditee. This episode is about friendly auditee,…