THE AUDIT OF EVERYTHING; INTERNAL AUDIT

There’s one audit that’s limited to the classifications you might want to assign to its multifarious engagements but is unbridled in its scope. Basically, your imagination is the limit to the creativity it offers. It’s Internal Auditing for you! That’s one...

HOW ACCOUNTANTS RUiN BUSINESSES

Ever been part of an organization led by a professional accountant? Well, one must experience it to make a self-commitment; never being part of such an experience again! It’s a no brainer that accountants are good at numbers; they’re number crunchers after all, but...

RESOURCE LADEN FINANCE ARMIES

Who fares best in your opinion? A business yielding a $13m Profit After Tax having a team of 19 officials to manage its finance department, Or A business with Profit After Tax of $20m having a team of 60 officials to manage its finance department. You would say the...

INTERNAL AUDIT: OUTSOURCED OR IN-HOUSE?

Internal Audit from an external resource? A pretty old debate it sure is, but not quite settled. Let’s add to it some thought provoking analysis. But first it would be worthwhile to climb down the steps of evolution to look at the origins of internal auditing. So, a...

INTERNAL AUDIT OF ASSERTIONS

You didn’t get this right if you think we are going to talk about an internal audit of financial statements. But yes indeed we’ll be covering how the skill of auditing financial statements comes in handy for internal audit of ….. well almost everything, be it an...

NOT FOR OUR SAKE

Dear fellow auditors your interventions should not benefit you; they should benefit your clients! Easier said than understood, I’ve come across many auditors both novices and the experienced, who while selling a recommendation, base their arguments on for instance;...