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.
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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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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I had an interesting debate recently with another CAE over recommendation. In his organization, they do not give recommendations in Internal Audit Report. I was insisting on giving recommendation as it is suggested by IPPF. He had challenged me to provide IPPF reference specifying that in an assurance assignment recommendation has to be given. I […]
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A researcher had created an app for personality testing, number of people downloaded, due to facebook’s policy at that point of time, researcher was able to download people’s friend data also. It is alleged that based on data collected, people’s psychological profile is created. Using this data people opinion is changed, shifted. What is profiling? […]
Continue ReadingThis is a work of fiction. If you find any similarities with a real life situation or a person then you should ignore real life situation/ person. As author of this work has limited the scope of this work to fiction. A fictional dialogue between Management and Internal Audit. Management: I need you to look […]
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