AUDITORS LEAGUE
WHY INTERNAL CONTROL OVER FINANCIAL REPORTING (ICFR) IS IMPORTANT
WHY (ICFR) INTERNAL CONTROL OVER FINANCIAL REPORTING IS IMPORTANT Recently Credit Suisse Group, still reeling from significant losses tied to the 2021 collapses of Archegos Capital Management and Greensill Capital, disclosed in its annual report its internal control over financial reporting (ICFR) was “not…
Shall internal auditors be prepared to “Metaverse”?
Shall Internal Auditors be Prepared to “Metaverse”? By Mikhail Ben Rabah, CIA, CFE, CRMA Government Audit Manager, Presidency of the Government, Tunisia The rapidly-evolving technology landscape never stops surprising and fascinating us. Internal auditors have been told to stay tuned for all aspects of “the…
To Be or Not To Be an Internal Auditor?
To Be or Not To Be an Internal Auditor? By Arif Zaman , Head of Internal Audit, Emaar Industries & Investments, UAE Why you should Not be an Auditor? I usually state all the good attributes of my audit profession which I respect a lot. It’s in demand,…
Fieldwork Within and Outside the Organization
Fieldwork testing is key to providing reasonable assurance to audit clients. Looking carefully within the organization is common, but evaluating the conditions and work of business partners is also important to provide reasonable assurance to stakeholders.
Governance, Risk & Compliance (GRC) – Big Time Confusion!
Governance, Risk & Compliance (GRC) – Big Time Confusion! By Arif Zaman , Head of Internal Audit, Emaar Industries & Investments, UAE “It is important to understand the evolutionary need for GRC in the corporate world before we form an opinion.” In the early 2000s many enterprises…
Overzealousness, a Threat to Auditors’ Objectivity?
Overzealousness, a Threat to Auditors’ Objectivity? By Mikhail Ben Rabah, CIA, CFE, CRMA Government Audit Manager, Presidency of the Government, Tunisia There is no question that individual objectivity is a cornerstone for the internal audit activity’s success. Hence, the Chief Audit Executive (CAE) and…
Audit Evidence
Internal auditors need the best quality evidence to achieve the engagement objectives and provide reasonable assurance to their stakeholders.
Fraud Report Affirms Internal Audit’s Value at Critical Time
10 Most-read Blog Posts of 2020 About “Internal Auditors” From Mr. Richard Chambers Fraud Report Affirms Internal Audit’s Value at Critical Time By Richard Chambers, President and Chief Executive Officer of The Institute of Internal Auditors Each year, the Association of Certified Fraud Examiners…
Internal Audit, COVID-19 Risks, and the Year Ahead
10 Most-read Blog Posts of 2020 About “Internal Auditors” From Mr. Richard Chambers Internal Audit, COVID-19 Risks, and the Year Ahead By Richard Chambers, President and Chief Executive Officer of The Institute of Internal Auditors Readers of my blog know that, in recent years,…
How Worthy Time Management is in Internal Auditing
How Worthy Time Management is in Internal Auditing By Mikhail Ben Rabah, CIA, CFE, CRMA Government Audit Manager, Presidency of the Government, Tunisia I have been told many times that internal auditors do not care so much about time budgets while executing audit engagements….