CRYPTOMANIA & INTERNAL AUDIT

Yes, since the start of the current decade, it has become a mania! The hype around cryptocurrency is attributable to blockchain technology. What started as a secure digital mode of transaction is now being used as a medium of exchange and even trading physical assets....

BLOTTED AUDITING!

Unfortunate but true. Auditing could be blotted. And it matters a lot when general perceptions take the front seat and reasoning and understanding the one at the back or more appropriately thrown out the window. It’s the internal audit that suffers the most from the...

STANDARDS AND ALL!

Be it for best practices sake or conforming to a single globally acceptable elevated performance level or benchmark of quality, a minimum desired or a highest possible end result or a burdening requirement for compliance, standards influence our everyday lives in more...

THE ‘E’ IN EVERYTHING THAT MATTERS!

Excellence, Euphoria of Success, Exactitude and Endless Energy literally have an ‘E’ in common. But what this ‘E’ actually means stretches far beyond the literal stance. However, you don’t have to indulge yourself into imagination to identify it. It’s as simple as...

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...