Is compliance turning into a checking the box exercise?
One must have noticed over the years the increasing number of regulatory compliance requirements. However, recently there is enhanced pressure, especially in the US to...Read More
Is the corporate culture in trouble?
It seems more and more warning signs are flashing that the corporate culture of many organizations has deteriorated. According to PWC's latest 2020 Global Economic...Read More
Project hype-cycles – are they being audited?
Project hype-cycles within large and mature organizations emerge due to entities' limited toolbox when it comes to earnings growth. On a high level, entities can...Read More
Auditing the IT change management process
Auditing the change management process is a hot topic not only in the IT domain but also in project management. There are a number of...Read More
Auditing the anti-money laundering framework
Auditing the anti-money laundering (AML) framework is critical to ensure that banks and financial institutions do ensure compliance with regulatory guidelines. In light of the recent...Read More
Annual risk assessment & the audit plan
Each year, internal audit conducts a companywide risk assessment in order prepare its annual audit plan. Typically, the whole internal audit function is involved in...Read More
Penetration Testing vs. Comprehensive IT security assessment
Recently, one can observe a hype around penetration testing. If you look at the job postings, now everyone is looking for a penetration testing expert...Read More
Auditing Human Resources – the hidden value added
I am sure many audit functions tend to have certain unease when it comes to audit the human resources (HR) function. Obviously, auditing both the...Read More
Outsourcing Internal Audit vs. in-house or hybrid approach?
Newly listed companies must consider whether outsourcing internal audit functions is preferable to building up their own in-house capabilities.Post IPO companies are wary of the...Read More
Capital project procurement audit - Ventigence Singapore
Major capital projects are key contributor of many companies’ organic growth strategy. Due to their innate nature such as: multi-year time horizon, significant financial commitment,...Read More
Internal audit plan & the power fault lines
I want to raise a different perspective on looking at the annual internal audit plan of an organisation. We usually look at what internal audit...Read More
Auditing sustainability - Ventigence weighs in
Sustainability has been in the spot light of corporation, regulators and think thanks in the recent years. It closely aligns with the overall rethinking of...Read More
Data Analytics – Commoditization vs. Creativity
Data Analytics – Commoditization vs. Creativity Data analytics has shot into the spotlight with the proliferation of abundant internal and external (public) data. Phyton, R and...Read More
Corporate Strategy Audit - where is the methodology?
While attending Internal Audit conferences, many presenters, including Chief Audit Executives, raised their board’s concerns about corporate strategy audit. However, it was striking that currently...Read More
Internal Audit and the Emerging Stakeholder Capitalism
Various global trends such as: growing inequality, negative effects of climate change, corporate scandals due to erosion of corporate cultures etc. all point to a...Read More
Corporate Culture Problems – Use "Just for Show" activities as a leading indicator
When internal audit and the board try to get a grasp of the prevailing corporate culture, they struggle to identify granular level indicators. Most of...Read More