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...
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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...
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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...
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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...
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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...
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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...
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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...
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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...
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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...
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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,...
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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...
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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...
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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...
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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...
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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...
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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...
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