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Reporting - Team Wrap Up Meeting Workpaper Template
Prior to conducting a Findings and Actions Workshop with the business and key audit stakeholders, its important to make sure all...
My Audit Spot
Oct 13, 20192 min read
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Reporting - Potential Issues List Workpaper Template
As we progress through an audit, there will be a number of observations / findings / issues, which may warrant being included in the...
My Audit Spot
Sep 25, 20192 min read
165 views
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The Thomas Cook collapse. What is Internal Audit’s involvement?
On Monday 23 September 2019, news spread that the 178 year old business had collapsed. This has been a long time coming for the company....
My Audit Spot
Sep 23, 20194 min read
374 views
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Risk in Focus 2020 - Hot topics for internal auditors
The Chartered Institute of Internal Auditors last week dropped their 'Risk in Focus 2020' report. The report compiles the results of...
My Audit Spot
Sep 19, 20194 min read
123 views
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Finding purpose in what we do as auditors
As auditors, I am sure we have all, at some time or another, questioned the purpose of what we are doing. As we are sitting in the cramp,...
My Audit Spot
Aug 29, 20195 min read
132 views
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ASIC to name and shame the Big 4... finally!
I've previously wrote about the need for ASIC to take a much harder stance against the Big 4 and audit quality, so it was with great...
My Audit Spot
Aug 13, 20193 min read
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Fieldwork - Testing Workpaper Template
I am a firm believer that the quality of your audit workpapers is a direct reflection of the level of care, diligence, and effort which...
My Audit Spot
Jul 23, 20193 min read
2,547 views
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Call for consultation. The Internal Audit Code of Practice is ready for your review
The Chartered Institute of Internal Auditors this week released draft Code of Practice and sought feedback from audit professionals and...
My Audit Spot
Jul 17, 20195 min read
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Audit Planning - Internal Audit Work Program
An Audit Work Program forms the backbone of your review. It's what brings the assignment plan / scoping document, fieldwork, and...
My Audit Spot
Jul 16, 20192 min read
351 views
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Climate Change - Why it should be on your audit and risk plans
It's 2019 and the weather has gone crazy. Paris experienced its hottest day on record this year. Cape Town counted down the day days to...
My Audit Spot
Jul 9, 20193 min read
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Why being 'short staffed' should never be written in an audit report
It was almost ironic the timing. Whilst performing an audit (and being told by the business area "... how under resourced, and...
My Audit Spot
May 14, 20194 min read
119 views
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Rolling forward prior audit workpapers; are we trapping ourselves?
With all the focus currently on Big 4 audit firms and the quality of their audits, it has made me question the amount, we as auditors,...
My Audit Spot
May 7, 20194 min read
896 views
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Why the BEIS' "Future of Audit" report is a waste of paper.
On 2 April 2019, Rachel Reeves MP, Chair of the Business, Energy and Industrial Strategy (BEIS) Select Committee, presented the...
My Audit Spot
Apr 10, 20197 min read
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Modular approach to audit isn't actually a bad idea!
But what else can we do to improve our audit quality? The Institute of Chartered Accountants Australia and New Zealand (ICAANZ) last...
My Audit Spot
Apr 2, 20193 min read
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Where do you draw the line?
Helping with audit recommendation implementation. They're loathed by everyone. Loathed by recommendation owners who are charged with...
My Audit Spot
Mar 27, 20193 min read
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"How to avoid an audit". Why we need to change our perception.
An article appeared in front of me today titled "How to avoid an audit". My initial thought was "how bold; an article telling people on...
My Audit Spot
Feb 22, 20194 min read
18 views
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ASIC needs to get tougher; but so do auditors
The Australian Securities & Investment Commission (ASIC) today released its media statement regarding Mr Wayne Allan Armistead, former...
My Audit Spot
Feb 20, 20195 min read
13 views
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ICAEW - Cyber Security
This Tuesday, I was fortunate enough to attended to an ICAEW event (promoted by Australian and New Zealand Accountants in London) at...
My Audit Spot
Feb 14, 20193 min read
14 views
1 comment

Who should be detecting fraud anyway?
As the probe into audit firms across the UK continues, the fresh new face of Grant Thornton, David Dunckley, stated in front of committee...
My Audit Spot
Feb 13, 20194 min read
13 views
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How do you audit a company’s culture?
A company’s culture is important on so many fronts. It’s how the employees feel whilst they are at work. It’s how the public perceives...
My Audit Spot
Feb 4, 20194 min read
24 views
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