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Why controls and compliance internal audits are important
Today, the fate of MAdE Establishment became a bit clearer, as celebrity chef George Calombaris faced the media to report that his...
My Audit Spot
Feb 10, 20203 min read
47 views
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Internal Audit Charter
It's a document which I think isn't given the importance it deserves, but given the Internal Audit Charter s both a requirement of the...
My Audit Spot
Feb 9, 20203 min read
917 views
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Key areas for Internal Audit in 2020
Each year, many of the 'Big 4' and various other groups release what they consider to be the hot topics or key focus areas for Internal...
My Audit Spot
Jan 23, 20203 min read
943 views
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The audit close out meeting and draft report
How to present those findings and observations whilst adding value Presenting audit observations is not necessarily the most fun activity...
My Audit Spot
Jan 16, 20205 min read
388 views
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Internal Audit Code of Practice released today
The Chartered Institute of Internal Auditors has today published a new code to increase the effectiveness of internal audit functions....
My Audit Spot
Jan 9, 20202 min read
118 views
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New year, new audit department
Setting goals and new years resolutions for your audit team With the new year already in swing and all of our valued audit team members...
My Audit Spot
Jan 7, 20204 min read
43 views
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Internal Audit frequency - How necessary is it?
Let's just jump straight into it... do we really need a rolling schedule for Internal Audits? Don't get me wrong, I certainly believe we...
My Audit Spot
Dec 2, 20195 min read
292 views
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Annual Planning - Audit Universe
An Audit Universe can be extremely valuable to any Internal Audit function. Regardless of the maturity of an organisation, how robust and...
My Audit Spot
Nov 29, 20194 min read
10,419 views
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Aligning your internal audit templates with the Standards
How we have attempted to make our templates meet the criteria of the IIA’s International Standards for the Professional Practice of...
My Audit Spot
Nov 24, 20193 min read
736 views
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Reporting - Audit Satisfaction Survey
If you want to know how well you have truly done on an audit, its best just to ask those you have audited. Enter, the audit satisfaction...
My Audit Spot
Nov 6, 20195 min read
974 views
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Managing your audits in a small function
Harnessing the power of Microsoft Office Documentation is the one critical component of any internal audit, and for those who have worked...
My Audit Spot
Nov 3, 20194 min read
547 views
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Oh no! Someone forgot to turn the controls on at JetBlue
It’s amazing that in today’s age, with the amount of technology, security and surveillance in place, that someone thinks they can get...
My Audit Spot
Oct 29, 20197 min read
31 views
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Reporting - Audit Report Templates
Audit Reporting is one of the most crucial parts of the audit process. Its the final output from the audit and the main deliverable which...
My Audit Spot
Oct 21, 20195 min read
8,458 views
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Reporting - Findings and Actions Workshop Template
You've done the planning, you've done the fieldwork, and now you have to deliver the outcomes of your work to the business area. How you...
My Audit Spot
Oct 20, 20193 min read
274 views
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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
192 views
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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
199 views
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