Risk and Control: Ideas for a better tomorrow
A contrarian view on Risk and Control to make tinkle curiosity leading to creative and critical thinking.
An Internal Audit Plan is the work schedule for Internal audit. Lots of thoughts, brainstorming, time gets spent in preparing Internal Audit Plan. Its imperative for internal audit to get it right to ensure that major risk faced by organization are covered. Get Audit Universe Right Getting Audit universe right will be the first step […]
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Companies are required to create internal control framework to ensure that things are working. Company while creating internal control framework want to have number of control as less as possible to ensure that they don’t get red flagged in reviews. Auditors are required to certify that internal controls are working. Auditors while reviewing controls want to have […]
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Note: This is an extract from another article to focus on eCommerce Companies. Indian companies act 2013 has mandated that CEO and CFO to certify that “internal financial Controls are adequate and operating effectively”. This is also required to be confirmed by external auditors. In my opinion this is what companies / auditors should do: […]
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Background: I got the opportunity to attend a meeting organised by ISACA and ICAI. The meeting was for launching “Guidance note on Corporate Governance, ERM and Assurance for COBIT 5”. Indian companies act 2013 has mandated that CEO and CFO to certify that “internal financial Controls are adequate and operating effectively”. This is also required to be confirmed […]
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