Internal Audit: First line of defense?

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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1130 – Impairment to Independence or Objectivity

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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Revenue Assurance

Revenue assurance as a function is dominant in telecommunication industries. However the lessons learnt can be applied in any industry. What is revenue assurance? Revenue assurance is The activity is the use of data quality and process improvement methods that improve profits, revenues and cash flows without influencing demand. – Wikipedia How Internal audit can help an organization […]

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CIA Study Tips

How to I study to pass CIA Exam? I have been asked this question recently by a CIA exam (Conducted by Institute of Internal Auditors) candidate. Here is what we discussed: IPPF: Gain proficiency in IPPF. The best way is to apply them, discuss them with your peers, team and seniors in the profession. LinkedIn […]

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