Journalists are (or should be) auditors too

The Run-Up had an excellent interview with the journalists who published the article on Donald Trump's 1995 tax returns. What I found especially interesting is the diligence with which these journalists checked the authenticity of the documents and the way they approached it. They zeroed in on problems they identified both in form and content … Continue reading Journalists are (or should be) auditors too

The governance and oversight structures in the Belgian federal government

When looking at the public sector, people not familiar with the structures and the relationship between administrations and the political level often ask how its governance structure compares to other environments, such as the private sector. Governance in the private sector is based on the management and control of a traditional principal - agent relationship. … Continue reading The governance and oversight structures in the Belgian federal government

Joint risk assessment and single audit, sitting in a tree …

Loss of added value Internal audit and external audit both present their findings during the same audit committee meeting. It turns out that both structures independently audited the same entity which is part of the wider organisation. A lot of their findings align. They actually turn out to be comparable to some of the issues … Continue reading Joint risk assessment and single audit, sitting in a tree …

Working papers: it’s not about you …

It seems obvious, but it isn't One of the key requirements of quality working papers is that they contain neither irrelevant information nor personal, subjective statements or opinions. It seems obvious, but during a recent external file review I was taken aback by what I found: personal observations, none too flattering, of an auditor on … Continue reading Working papers: it’s not about you …

The relation between audit reports and working papers

Audit reports tend to be overly long I've mentioned before I don't like overly long audit reports. The length usually does not add relevant information for the audit committee and only aims to prove to the audience how much time and effort the internal auditor put in that specific audit. While commendable this is not … Continue reading The relation between audit reports and working papers