What does the future hold for internal audit? To read what the leaders of the profession are predicting and what we,at Bibi Consulting, think,please read the below article:
Continuous Auditing: The basics, reality and the future.
To read the draft of this article,please click the link below:
Bibi Consulting is offering free, no obligation, high level reviews of internal audit departments in Ottawa,Canada and selected cities in the Middle East.
The work to be performed shall consist of a high level review of the company’s Internal Audit Department’s operations focusing on the following areas:
a.
Authority, Organization and Independence
b.Staffing
c.Audit process
d.Quality assurance
The review is not designed to audit the company’s operations in any form, or is designed to detect fraud or weakness in the company’s internal control system. It is not a substitute for the external assessment of the internal audit activity as stipulated by standard 1312 of the INTERNATIONAL STANDARDS FOR THE PROFESSIONAL PRACTICE OF IINTERNAL AUDITING, but it may help in preparing for such assessment.
Upon the completion of the review, the company shall receive a brief report summarizing the work performed and recommendations for major areas of improvements, if any.
To take advantage of this offer ,contact us ASAP:
Reputational Risk or Risks to Reputation ?
Reputation is the soul of any business. Without it there is, basically, no business. Many factors, internal and external, may lead to the destruction of reputation. These factors are called risks.
Professionals have been debating whether there is such thing as reputational risk (category of risk by itself), or simply there are risks to reputation .In this article, I will attempt to shed some light on these two schools of thoughts. Read more..
