4 ways to do more with less

Manoj

An IT professional: I have ideas, but management is not giving any budget to secure the IT infrastructure. An Internal Auditors: I want to experiment with data analytics, but management is not giving nay budget to procure data analytics tool. Management: I want to standardize my process documents, however there are more important priorities where […]

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Internal Audit: First line of defense?

Manoj

Recently I had the honor of moderating a session on “Internal Audit: The first line of defense”. The panel consisted of: A head of internal audit/ CRO A CRO A risk professional and A Risk advisory partner from a big 4. Some of the insights from the session are: Internal Audit is the Third line […]

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Perspective – Everyone is right

Manoj

A successful business man was growing old and knew it was time to choose a successor to take over the business. Instead of choosing one of his Directors or his children, he decided to do something different. He called all the young executives in his company together. He said, “It is time for me to […]

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1130 – Impairment to Independence or Objectivity

Manoj

IIA has revised standards on internal auditing. The revised standards become effective from January 2017. One of the new year resolution of Internal auditor should be to update their internal audit practices and procedures, including internal audit charter to reflect the changes done in in the IPPF. See here 1130.A3 – The internal audit activity may […]

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