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...
by Sikandar Usmani | Dec 15, 2023 | Internal Control, Risk Management
Internal Audit for Non-Going Concern (NGC) entities? Well, you may as well have it, if you’ve invested in it! Indeed, internal audit is forward looking, it is futuristic, because it is improvement and evolution centric by concept and design. And NGC entities are...
by Sikandar Usmani | Dec 8, 2023 | GRC
Ever been part of an organization led by a professional accountant? Well, one must experience it to make a self-commitment; never being part of such an experience again! It’s a no brainer that accountants are good at numbers; they’re number crunchers after all, but...
by Sikandar Usmani | Dec 1, 2023 | Risk Management
Is it really that the auditors talk about risk every time, all the time? That’s true but not as much as clients do! Last week, speaking to a colleague I tried figuring out the reason of why the residential site club facility was closed on midday at a weekend. Here’s...
by Sikandar Usmani | Nov 22, 2023 | Internal Control
If you perform a control procedure in a manner that has remained constant for ages; thank technology, not blame it! For technology will make your life easier and simpler, even if it means being your replacement. You can find something else to do that technology...
by Sikandar Usmani | Nov 15, 2023 | Internal Control, Risk Management
The legend says it’s Internal Auditors. Fact is they aren’t because they can’t be. But folklore does not require a rethink, and professionalism doesn’t come cheap and doesn’t always make sense to the traditionally attuned. Moreover, the mere thought of being behind...
by Sikandar Usmani | Nov 6, 2023 | GRC
Who fares best in your opinion? A business yielding a $13m Profit After Tax having a team of 19 officials to manage its finance department, Or A business with Profit After Tax of $20m having a team of 60 officials to manage its finance department. You would say the...
by Sikandar Usmani | Oct 30, 2023 | GRC
Internal Audit from an external resource? A pretty old debate it sure is, but not quite settled. Let’s add to it some thought provoking analysis. But first it would be worthwhile to climb down the steps of evolution to look at the origins of internal auditing. So, a...
by Sikandar Usmani | Oct 23, 2023 | GRC
You didn’t get this right if you think we are going to talk about an internal audit of financial statements. But yes indeed we’ll be covering how the skill of auditing financial statements comes in handy for internal audit of ….. well almost everything, be it an...
