by Sikandar Usmani | Mar 22, 2024 | GRC
Indeed, the development of an internal audit strategy is the first and foremost aspect of setting up an internal audit function. But how do we go about doing that? It’s not just about the prerequisite, which it surely is, in fact it’s a precursor. Before you all begin...
by Sikandar Usmani | Mar 9, 2024 | Risk Management
A dedicated resource for Risk Management? If you believe the Enterprise Risk Management (ERM) Integrated Framework, the ISO 31000 Risk Management or any other guideline you followed for getting acquainted with the concept, requires an investment in a dedicated...
by Sikandar Usmani | Mar 1, 2024 | GRC
Mind you, it’s not a trait if it comes down to a value that’s professed and publicized but never practiced. Something that’s written everywhere across the premises of an organization to give the impression that it means everything to it, means nothing if it doesn’t...
by Sikandar Usmani | Feb 21, 2024 | GRC
Something upfront first, Audit is not threatened by the invasion of Artificial Intelligence (AI), simply because audit is an act of intellect, practiced by people possessing intelligence. As a matter of fact, save for our existence, AI isn’t a threat! I won’t however...
by Sikandar Usmani | Feb 10, 2024 | GRC
Transitioning from the International Standards for Professional Practice of Internal Auditors (ISPPIA) to the newly issued Global Internal Audit Standards (GIAS), it’s time we rethink the needs fulfilled or vacuum filled by these standards, understand the best...
by Sikandar Usmani | Jan 31, 2024 | GRC
In this era where artificial intellect is gaining widespread traction in every field not just because it has changed the way in which work is done or productivity is enhanced, but because it has challenged the limits of our understanding and resulted in objectives...
by Sikandar Usmani | Jan 22, 2024 | Governance
There’s a significant difference between diplomacy and lying; not that diplomacy is necessarily a good thing but certainly it can’t be equated with lying, something managements of many entities never understand and always glorify their plain lying as diplomacy....
by Sikandar Usmani | Jan 15, 2024 | GRC
It’s not that accountants can’t give good advice. It’s also not that the accountants won’t share competent advice. It’s very much about what they can give owing to the work they do. Recently in a friends get together; I came across an interesting comment; privately...
by Sikandar Usmani | Jan 6, 2024 | Governance
Internal Auditing affords us, the internal audit practitioners, a unique and, may I add, a coveted spot on the meeting table. This spot is akin to a seat in the spectators’ gallery or amongst the audience watching a match or a show. This allows us to use our...
by Sikandar Usmani | Dec 25, 2023 | GRC
There’s one audit that’s limited to the classifications you might want to assign to its multifarious engagements but is unbridled in its scope. Basically, your imagination is the limit to the creativity it offers. It’s Internal Auditing for you! That’s one...
