Internal Control

The topic of ratings for audit work comes up relatively regularly with varying opinions across the profession on what is the best approach. IIA standards do not require ratings to be used, but for many people in the profession (and regulators) the presence of a rating suggests a more robust…

June 16, 2022 Mike J. Masoud Corruption has spread like wildfire over numerous countries around the world. One of the most fundamental causes underlying it is the public official’s exploitation of his position for illicit gain through business and non-commercial relationships based on conflict of interests that are not publicly…

Online / remote / virtual audits can achieve the same goals as on-site audits. In fact, by using the right technology, these can produce a much more accurate report, reducing human error and producing visualization that helps decision makers improve the business. As we move away from the existing methodology…

Hatrı sayılır bir süredir kurumsal risk yönetimi alanında çalıştığımı düşünüyorum. Hem onlarca kurum görecek kadar danışmanlık yaptım, hem de bizzat masanın müşteri tarafında bu fonksiyonu kurdum, yürüttüm. Isı haritası nedir, ne değildir? Isı haritaları risk envanterinde tanımlanmış, değerlendirilmiş, üzerine pek çok kişi tarafından yazılıp çizilmiş risklerin isimleriyle görselleştirilmesi ve önceliklendirilmesi…

Cryptoassets are underpinned by blockchain technology. Blockchain is not just related to IT, like with any other new system implementation, the risk and controls aspects are also important and need to be addressed as well. Here in Singapore, DBS Bank, JPMorgan and Temasek have teamed up to create a new…

In the first part of this 2-part feature, we touched base on the basics of blockchain, implications for internal controls and types of controls in a blockchain world. Click here to read the first part. In the second part of the article, let us consider the following: Blockchain’s usefulness in…

Self-sabotage- It is one of the many topics that are really worth discussing. I am going to explain this with help of two main concepts. One is biology and the other is our thinking or thoughts. You may see in your daily life that thinking plays a vital role in defining…

Internal Control is important to make sure that everyone in the organization is moving in the same direction. Because errors or fraud always has a chance. come to pass, it is important that you establish safeguards for your plan to ensure that. you can sufficiently meet your responsibilities. An effective…