Last week we were at IIA 2022, the Chartered Institute of Internal Auditors Conference at the QE2 Conference Centre in London. It was great to be back at a real face to face conference, attended by around 450 delegates and with an excellent agenda of plenary and breakout sessions. We had plenty of visitors to…
The past decade has seen outsourcing continue to grow, transforming the business models of many companies. Outsourcing brings a wide variety of benefits. For many, it gives flexibility of service allowing you to scale up or scale down quickly. For others it allows access to best practices or technology. And of course it can reduce…
Once upon a time….. Goldilocks was wandering through the IIA 2022 Conference. She was not in a good mood. She had quarrelled with her boss about the state of their company’s internal control environment and had stormed off to the conference without any idea what sort of solution they should have. The conference was a forest…
Auditing Operating Effectiveness of Internal Controls: A case of closing the stable door after the horse has bolted (and practical uses of technology to improve it). I have an problem with auditing operational effectiveness of controls. Not the activity itself (very important and needs to be done), but the timing. Operational effectiveness auditing generally means…
