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.
There are three categories of audit clients: Clients who accepts all recommendations Clients who do not accept any recommendations Clients who are balanced who evaluates each recommendations, debate the necessity and offer their own solutions. 1. Clients who accepts all recommendations: An Internal Auditor need to be very careful when he is working with clients who accepts […]
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Question: How to keep myself updated and about new audit methodologies? Here is what I do to keep myself updated: I am member of few groups on WhatsApp and LinkedIn focusing on Internal Auditing and Risk Management. I take active participation in discussions and offer view/ experience. I try to answer posed at these groups […]
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Have you included vendor audit/ contract compliance as part of your audit plan? Vendor Risk is becoming a greater concern as organization is outsourcing increasing amount of work. Earlier there used to be a handful of vendors and type of goods and services used to be limited to what an organisation can not do its own. […]
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