CAE – Risk and Control: Ideas for a better tomorrow

Agile Auditing

October 6, 2022October 5, 2022Manoj

I gave a session on Agile Auditing at The Institute of Chartered Accountants of India’s Digital Accounting and Assurance Board (DAAB).DAAB and Information Technology committee of SAFA had organized a session on Agile Auditing. Link to recorded webinar: (You can skip first 36 minutes, to directly jump to presentation.)https://icaitv.com/video.php?vid=959 Key takeaway from the sessions:1. Agile is a […]

Internal Audit of Artificial Intelligence.

June 24, 2020June 23, 2020Manoj

Many Auditors find it important to plan to acquire skills in using Artificial Intelligence in Internal Audit and Auditing Artificial Intelligence. Institute of Internal Auditors have come out with a useful publication called “Artificial Intelligence, Internal Audit’s Role, and Introducing a New Framework” 2017. It is a three-part publication. You can refer it here: This […]

Securing Reverse Auction process

January 20, 2020January 11, 2020Manoj

Reverse Auctions are a good way to reduce cost and enlarge the vendor universe. You need to take some precaution to safeguard the process. #internalaudit #internalaudit #audit #governance #fraud #compliance #internalcontrol #thirdpartyriskmanagement #lessonslearned #transparency #risk #cae #tools4governance #lessons

Internal Audit role in fraud risk management

Internal Auditor’s responsibility in Fraud Risk Management

January 6, 2020August 8, 2020Manoj

Recently a Chief Audit Executive had asked me about what are the Internal Audit Standards (IPPF) which are applicable for fraud. Since it was coming from a person whom I respect, I decided to do research before a response can be given. Here is my commentary. 1210 – Proficiency Internal auditors must possess the knowledge, […]

Balancing Internal Audit

December 10, 2019November 5, 2019Manoj

There is less than cordial relationship between internal audit and management. One of the reasons is management believes that internal audit does not add value, whereas Internal audit believe that management is not adhering to best of the practices and most ethical behavior. However, both believe that they are taking actions in the best interest […]

Where is governance in Related Party Transactions?

December 3, 2019October 20, 2019Manoj

Related Party transactions are one of the grayest areas in corporate governance. Yet they are so prevalent. Legislation and regulators have prescribed ways and means to monitor, regulate, approve related party transaction. One of the core principles of corporate governance is the absence of interested party/parties in the discussions where any decisions regarding related party […]