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...

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...