Wednesday, October 16, 2013

Trust ,but don't be naive !

Today, I have attended IIA's Ottawa training session which focused on Asset Protection and Security( AP & S)  . Two mantras stuck on my head by the time we were done :

The first is :" AP & S is largely based on trust !"
The second :" Being compliant does not mean being secure "

While I agree with the second ,I have trouble with the first !

The examples of trust  provided during the session made me more skeptical ( i.e I trust you because A trusts you and I trust A ) !

 Trust is good ,but is not enough and certainly does not provide security .

Trust ,but verify !
Trust.but monitor !
Trust ,but don't be naive !

 In God we trust , others will be audited !

What do you think ?

Monday, October 7, 2013

Does industry specialization limit internal auditors careers?

Industry specialization is a good thing! This is at least what employers and hiring managers are telling us , because it improves  audit quality! Not everyone agrees with this, a recent study by the University of Miami published in June 2013 concluded that there is no evidence to support such a claim!

But, is specialization good for internal auditors ? Does it limit our career path to certain industries because the perception ,for example, is that if you are a bank auditor you can't  effectively audit a manufacturing company ?

The golden rule is that " you can't audit what you don't understand "! The question here is: does "understanding the operations " of an organization means that you need to be an industry specialist? I personally do not think so, understanding of operations is the key for a a successful audit and this understanding can be achieved in a relatively short period of time .

Please share your thoughts and experience .

Tuesday, October 1, 2013

The Head of Internal Audit !!!!

Source : Careers In Audit website .

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...