by Sikandar Usmani | Sep 12, 2024 | GRC
Is there a theoretical difference between the components of external and internal audit risks or is that difference attributable to how we understand risk as external auditor and as internal auditor? What is the audit risk made up of firstly? Conceptually, both the...
by Sikandar Usmani | Aug 20, 2024 | GRC
It’s not as simple as the words suggest it to mean and certainly it has something for both the auditor and the auditee. But self-auditing has strings attached to it that extend well beyond auditing yourself (auditors and auditee), in terms of its implications. In the...
by Sikandar Usmani | Aug 10, 2024 | GRC
Indeed, anyone could be fooled into believing that reconciliation is a straightforward concept even with the auditor’s perspective in mind, but is it really understood the way it’s believed? In my experience, it is a classic case of being easier said than done,...
by Sikandar Usmani | Jul 30, 2024 | GRC
What does it take for a business to thrive? Well, if thriving is what the business intends to! And it doesn’t matter what thriving means to it; could be anything depending on its purpose. No, if you thought I was to write internal audit, it being my passion, you were...
by Sikandar Usmani | Jul 20, 2024 | GRC
A lot many times, we the internal auditors come across a “Not a Biggie” reaction even to findings representing ethical violations. Not that this reaction is something new we experience because managements ought to be reactionary to every internal audit creation since...
by Sikandar Usmani | Jul 10, 2024 | GRC
Indeed, that’s the most pertinent question entities need to ask at the time they’re fancying with the mere idea of having an internal audit. It’s correct that regulatory requirements and seeing other entities can give us an idea of a reason for investment in internal...
