Learning to see the Big Picture

I saw an interesting video on TED today on How art can help you analyze – Amy E. Herman. In the video Amy talks about how learning to analyse art can help doctors, nurses, police officers learn real world skills. Studying art like René Magritte’s Time Transfixed can enhance communication and analytical skills, with an emphasis on both the seen and unseen. You can watch the video here http://ed.ted.com/lessons/how-art-can-help-you-analyze-amy-e-herman. This method could also be used as a tool to help internal auditors be better at their jobs and help them see…

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Audit IT without IT audit staff

In the early 1990s auditors (internal or external) never really looked inside the IT infrastructure of a company and it was treated like a black box. During an audit transactions were audited as if the IT applications did not exist. Then came the wave of specialised IT audits who could open the black box and identify numerous new risks associated with the complex workings inside the servers, computers and applications used. The financial/operational auditor could never really understand these risks and full reliance was placed the IT auditor. However, in…

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Hiring for Internal Audit – Everyday Challenge

I recently read an interesting post by Norman Marks on risk management where he posed a question to a Big 4 consultant and didnt get a answer. The question was about managing risk when hiring someone. You can read the full post here (http://normanmarks.wordpress.com/2014/06/21/a-risk-management-challenge-for-you/). This got me thinking about hiring for Internal Audit. Given the importance of the function and the absolute need to have skilled staff, how do audit functions ensure they get the right people. Having hired for a number of years now in India, I can tell…

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Risk Management in a Start-up

So you thought of a great idea and have decided to start a new venture. There are almost a million articles on the internet about how to start up, launch your product, acquire customer, raise money etc. I know, because I have been thinking about doing something on my own for about 6 months or more and have read enough of these articles. Being an auditor, I was interested to learn about things that can go wrong and found this one articles (5 Common Startup Mistakes That WIll Sink You…

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