INTERNAL AUDITORS GONE ROGUE!

Internal Auditors are meant to be people of principles and not people of circumstances. But what to do if circumstances force them to compromise on principles? Should they cave in to the need of the hour taking an impaired view of the principles? Should they concede...

RATING THE INTERNAL AUDIT FINDINGS

All audit findings are meant to be based on reporting exceptions, so why assigning differing significance or priorities to these should be so important a matter that it requires adoption of a formal mechanism? Is it because entities need to be able to make choices for...

SECTOR SPECIFIC AUDITORS

Doesn’t it sound divisive? Sector specific auditors? Aren’t the auditors required to be auditors only? Good at what they do, audit? No, it doesn’t? And why not? Well let’s not be opinionated from the outset. Though I would insist, why the insistence? Divisive it...

THE AUDIT PURPOSE & THE LAW OF AUDIT EVIDENCE

No, it isn’t that purpose of the audits, internal or external, that these invaluable interventions are prized for or sought after. It’s the purpose, that inept and incompetent audit clients cannot grasp. The two might be related but are definitely distinct. They’re...

EMBRACE OR BRACE FOR IMPACT!

And dear audit clients, please don’t pretend to be what you aren’t. Embracing what you aren’t is the first step in improving yourself. And it doesn’t matter if it’s your auditors who are trying to convince you to be a better version of yourself or simply telling...