Audit and Assurance Services

“Risk comes from not knowing what you are doing.” -Warren Buffett New ERM Framework In September 2017, the Committee of Sponsoring Organizations of the Treadway Commission (“COSO”) published its revised enterprise risk management (“ERM”) framework which is now titled ERM – Integrating with Strategy and Performance. The original framework called ERM – Integrated Framework was […]

Every internal audit function has its own internal audit framework which is Internal Audit Charter (the “Charter”). The Charter outlines the organizational status and role of the internal audit function, independence and governance, etc. However the Charter usually provides high level guidance, and therefore, it is also essential to have a robust Internal Audit Manual […]

To improve is to change; to be perfect is to change often. (Winston Churchill) If it is not broken why fix it? – Is this practical or a myth? We have all heard about the theory of “survival of the fittest”, which is applicable for humans, animals and businesses. This theory has stood the […]

Laws control the lesser man… Right conduct controls the greater one. Mark Twain The Ancient Egyptians Measurement has been a necessity for many centuries in order to facilitate not only commerce but also everyday life. The ancient Egyptians were amongst the pioneers of this and as early as the 4th and 3rd millennia BC […]

Human beings have a natural tendency to remember good times and push to the back of their minds some more difficult issues in life. Basically most of us have a tendency not to focus on things that are not perceived to be likely to happen in the short term and can overlook the inevitability of […]

On April 10, 1912 the Titanic set sail from Southampton on its maiden voyage bound for New York. The disastrous events that unfolded during that voyage were so significant that children that were not even born at the time have vivid memories of the events and lives that were lost. Unfortunately the sad truth is […]