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This community aims to provide related links, resources and news references, and to develop a forum for internal auditors to exchange views on various related items.
Introduction: A background of accounting and auditing mis-governance, that’s hard to ignore: With sheer increase in the number of accounting scams that the industries have witnessed since early 2000, ...
Governments and regulators reacted to the 2008 financial crisis by introducing a raft of regulation for financial services, acquainting professionals with a range of acronyms such as MiFID, PRIIPS, EM...
Machine learning (ML) adds a unique and sometimes overwhelming experience to a decision system. The use cases that fit for using Machine Learning approach in a bank are numerous. Usually, in banks, th...
Audit has always been a support function for banks that has served as the last line of defence for keeping the organisation safe from external attacks and provide assurance to business & stakehold...
Within traditional Financial Services there is a common belief that regulation has fundamentally constrained the industry, but at the same time innovation through FinTech has blossomed. The Regulators...
For years, auditors have used interviews and workshops to conduct successful company assessments. As more businesses become digitised, auditors need to blend traditional techniques with a more data-le...
GDPR CUSTOMER CONSENT: TERMS AND CONDITIONS IN CONTENT FORM ARE NO LONGER FIT FOR PURPOSE - NOW IS THE TIME FOR CHATBOT DIALOGUE Consent is to give permission for something to happen. Consent...
I am not at all surprised at this. It is sub judice even to discuss what the investigation will reveal; yet I will risk my last cent if it is not an ‘inside job’ with the connivance of the POS folks....
A curious client recently asked – “Couldn’t financial modeling risk be diminished by introducing a Quality Assurance Review Panel (“QARP”)?” It was a simple, pragmatic question that left me momentari...
This is what I read on employee fraud by the Financial Services Authority “one of the most serious threats”; an employee knows the inside story of process weaknesses and is often with collusion with a...
PwC released this study a few months ago titled "Internal Audit 2012* - A study examining the future of internal auditing and the potential decline of a controls-centric approach" Five key t...
The IIA (Institute of Internal Auditors) have produced a series of publications with guidance on IT, considering CAE (chief internal audit executive) and audit supervisors/managers as the intended aud...