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.
I was reading an article in Risk Management Magzine “An Increased Remote Workforce Calls for Increased Cybersecurity Protection”. Though article was offering right advice the approach was not proper. Let me explain. It states “..employees can help protect company confidentiality by: connecting to a corporate network through a VPN (virtual private network); using strong, unique passwords […]
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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
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Footfall Tracker or footfall counter or people counter is basically a device used to count the footfall (people) within a given area. This area can be as simple as area near door to count the people coming in and going out to as complex as tracking people at various shelf in a shop. Footfall tracker […]
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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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Where Internal Controls are concerned, 1 +1 > 2.
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Nudging : The art of Changing Behavior
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Tips for organisation want to implementing a whistle blower system
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One of the challenge facing internal auditor is to how to improve the control environment? Tone at the top matters. Without that any exercise become a paper, which get tossed around from here to there and people kept wondering why things are not moving! It is important to create tools and use techniques to enable […]
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Recently I participated in a Conference on Internal Audit. One of the recurrent theme across session was “Culture”. How culture of an organisation impacts Internal audit and how an internal auditor can make impacts on the organisation culture to have a right culture. This is my point of view on some of the questions raised. […]
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Approval Matrix is one component of overall governance framework of an organization. It is a very important component, which is defined tightly, will lead to all decisions in the hands of few individuals leading to power and overburden. Defined loosely will lead to lack of harmony in the directions where an organisation wants to go. […]
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