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Ada Leung
Head of Internal Audit
CanadaVerified Community AmbassadorIdentified Expertise
Content Ada is Following
Do you trust the data & reports from the big analysts?
Yes
No
Sometimes
111.8k views123 Upvotes58 Comments
Yes, more jobs created
Yes, jobs lost to AI
Other (please comment)
I would love to understand if there's a specific trend or common consensus or not in terms of how Internal Audit teams manage advisory engagements:
1) Communication of result: How is your advisory observation result communicated? If it's in a form of a memo / report, do you put rating for a) the entire report; and b) specific observations or issues identified?
2) Planning: At what point do you get engaged in project reviews so that you've not on the project forever? Do you generally issue audit notifications given advisory type of work can be quite ad hoc?
3) KPI: How do you report your work completed, especially if you are those that do not rate the report or observations, or have no final report issued to evidence work done.
A
Ada LeungHead of Internal Audit in Finance (non-banking)4 months ago
1) We use the same template as our standard audit report, but we remove the overall rating. We keep in assigning a priority for each audit finding and associated actions (low/medium/high) and organise the findings in priority ...read more789 views1 Comment
Does anyone have an example of their QAIP they can share? What about their QA checklist in alignment to the new IIA Standards?
900 views1 Comment
I've recently seen a recommendation to set up a centralized fraud department - as a sort of catch all for both internal and external fraud. Wondering how other orgs are organized around fraud. Does it sit with IA or out in the Business?
852 views1 Comment