Saturday, December 14, 2013

Internal Audit in 2020 : What the ordinary internal Auditors think?

In the last issue of the Ia magazine, there is an article discussing the future of Internal Audit. The author chose the year 2020 for the prediction of the future and asked the following three questions:

1. What will not change about Internal Audit in 2020?
2. What will?
3. Can you make a prediction based on a current trend, taken to its logical conclusion?

The above questions were directed at seven "thought leaders", who provided their views on the future of Internal Audit. Their answers did not include any surprises or wild predictions!

I am very much interested in the views of the ordinary Internal Auditors! So please share your predictions and thoughts!  

Thursday, December 12, 2013

Should corporations have heart?‎

If what Mitt Romney  once told us  is right “Corporations are people “ , then should corporations have heart and act like humans ?
What caused me to ask is that I read in a local newspaper that a cable company is asking an Ottawa man to pay a huge bill for services that stayed active at his house months after it burned to the ground.
The man claims that he has called the company and disconnected the services few days after the fire! The company is not buying this and transferred the case to a collection agency .
The company did not respond to the request of the newspaper (which reported the news) for more information.
Let's assume that the man actually failed to disconnect the service, should the company under these circumstances ,when known to it, still charge him for the service he never received ? Or should it act as a caring human and wave the charges ?
Heart or no heart ,what do you think?


Tuesday, December 10, 2013

2014 Horoscope for Internal Auditors !

My fellow Internal Auditors ,here is your monthly horoscope for 2014  :

January :      Pay attention to your IT skills .You still need to improve it !
February:     Work on your soft skills .It is essential for your survival !
March:          Adapt to new regularity environments,or you become irrelevant !
April:             Keep up to date with the necessary skills .
May:              Maintain independence , but be an active partner with management.
June:              It is okay to question why you choose to be an internal auditor !
July:               Integrate fraud detection and prevention into audit strategy.
August:          Align your work with other parties responsible for  risk management .
September:    Always stay objective,no matter what.
October:        Compliance still matters ,don't ignore it !
November:     Communicate,communicate,communicate ...
December:     Get over it, you will never be rich working as an internal auditor !

Wishing you all a happy and prosperous new year .


Are you getting the most from the ethics mandatory hours?

 Like many of you at this time of year, I have been looking to take the mandatory two hours of ethics training to comply with the IIA cpe  r...