Monday, November 21, 2011

Reputational Risk or Risks to Reputation?

My Reputational risk article is published.It can be viewed here:

Please let me know what you think.

Saturday, November 19, 2011

IT Security and the Average Person

Last week, I was visiting a healthcare provider and was impressed with the software he was using to provide his services .I asked him when was the last time he backed up the data and patient files on his computer, I was shocked when he said "never". I asked him what will happen to his practice if his 3 year old laptop suddenly collapsed and the data can't be retrieved from the hard disk. He simply shock his head .I did not leave him that day until an external hard drive was bought and all his data were backed up.
This is only one example of too many cases that people face every day .How many of you can access unprotected Wi-Fi networks at home or work? How many of you know of people who do not have antivirus software installed on their computers? Or who do not use passwords to protect their computers of mobile phones?
This lack of basic IT security knowledge is not limited to the older generation of technology users, but can be seen at all age categories.
Spreading basic IT knowledge and awareness is an important step in living in a safer world. If every one of us can help those we know to reach a minimum level of IT security awareness, we will contribute to living in a world of less spam, identity theft and other risks.
I know that this takes time and effort, but it is worth it!

Monday, November 14, 2011

Canada is looking for new customers!

Canada has finally realized that it can no longer rely on its only major customer ,the US.
I am not sure why it took the politicians that long to arrive at this conclusion.Ask any small business owner and he will tell you how risky it is to rely on one customer .
Canada now will be shifting its focus to sell oil to Asia .I hope this is not  a temporary reaction as a result of the  US State Department’s decision to put off until 2013 approval of the $7-billion Keystone KL pipeline that would carry oil sands crude from Canada to refineries in Texas.I think this delay will work in favour of Canada in the long term as it will force the government to look for new customer and leave its comfort zone.

Canada needs to expand its markets and customer base to cope with the current economic situation and to sustain growth in its economy .

We should put Canada's interests first regardless of how much we  love our big neighbour !!

Sunday, November 6, 2011

Do internal auditors need accounting designations?‎

Despite the important progress made in recognizing the value of the CIA designation and other internal audit related certifications, I am still surprised that many companies (at least in Canada) are still requiring an accounting designation for their internal audit vacancies. The accounting designation is always “a must have”, while the CIA is “a plus or nice to have”.

The question is: do internal auditors really need an accounting designation? The market seems to suggest that!! In my opinion, The CIA should be “a must have” and the accounting designation “ a plus or nice to have”. What do you think?

Can Internal Auditors Identify Corporate Identity Crisis?

According to a Globe and Mail article published a couple of days ago, Canada's favorite coffee shop chain ( Tim Hortons) is going thr...