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.
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, […]
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Tips for organisation want to implementing a whistle blower system
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Loyalty programs are the in thing and almost every organised retailer and large number of service providers runs the program. The intention behind running this program is to provide reasons (being discount, future benefits, exclusivity, part of a fraternity, community, etc) to customer to shop again and again. Besides the usual operational uncertainty regarding .. […]
Continue ReadingBackground In 2013 President Obama has declared that “Cyber threat is one of the most serious economic and national security challenges we face as a nation” and that “America’s (country’s) economic prosperity in the 21st century will depend upon cyber security.”. Cyber risk/threat has taken the center stage today. It has steadily moving up in […]
Continue ReadingRevenue Assurance is becoming a favorite subject of all Internal Audit Professionals. Revenue Assurance is made popular by telecommunication industry due to ever-increasing plans offered to consumers. Revenue Assurance, is being practiced in a different forms by companies for a long time: Lost Sales analysis Opportunity lost Delay in project execution Shipments without order Provision […]
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