Stream of Consciousness
As of its inception, there have been a lot of comments on COSO-ERM and how it can be applied in practice in an organizational setting. Those of you, dear reader, who have followed this blog know I am not an avid fan of the framework. However, contrary to some experts
Stream of Consciousness
Richard Chambers recently published an excellent article on the rotational audit staffing model. I wanted to add my perspective as the CAE of a small audit department, active in an inherently complex sector, development aid. The reality of a small audit department The size of the audit department is most
Stream of Consciousness
Registering internal audit activities Good activity tracking is essential for internal audit departments, especially in a small internal audit organization with multiple concurrent responsibilities. At any one day, we are planning a mission, finalizing the reporting on another one, providing advice to management as part of our advisory capacity, and
Stream of Consciousness
Too long it had been waiting on my reading list, but I just rediscovered this pearl by Patrick Rhone, who again shows why he is such a great writer. A quote, among many quotes: This farmer realizes that the relationship with her work, like any good relationship is, and should
Stream of Consciousness
Interesting article on a personal productivity book. The article, not the book, is written by a former colleague of mine, Simon Perks … very much worth reading. You can find it here. Go check it out! via Simon Perks
Stream of Consciousness
Just an observation I was just browsing through Linked-In, looking at what my peers and dears were up to in their professional lives, when it struck me that there’s quite some title inflation going on. But hey, who am I to speak, I’ve been at times senior manager,
Stream of Consciousness
Perception versus reality I’ve recently become more and more aware of situations in which people, any people, are trying to interpret the truth to get their way. This may be that they want to be proven right, that they want a larger/smaller share of something, or they just
Stream of Consciousness
Fear is Good Remember the Gordon Gecko character in Oliver Stone’s landmark “Wall Street”? His credo was “Greed is Good”. I want to offer that “Fear is Good”. Fear has helped us surviving as humans, and fear - or its relevant equivalent - can make a survival difference for
Stream of Consciousness
I just found this very interesting blog post on the blog of Peter Bonisch. You can find the post here and I suggest you read the post in full. I’ve reacted to this post with my own thoughts on the subject matter. You can find my reply below. Hi
Stream of Consciousness
Imagine the following theoretical scenario: you have an organization which has a significant number of different activities. It looks a lot like a typical Japanese supercompany, with diverse activities across the entire activity spectrum, not necessarily related to one another. You have one audit committee you need to report to.
Stream of Consciousness
One of the elements COSO-ERM does not thoroughly address is stakeholder consultation in risk management. Sure, there is the required communication capping stone on top of the COSO pyramid, but the activities described therein fails to adequately address the needs and complexity of interacting with your stakeholders on a regular
Stream of Consciousness
I’m an absolute Instapaper fan So much of what I’m about to write feels a bit like betrayal. Betrayal to Instapaper, betrayal to Marco Arment, whose 5by5 podcast I try to listen to weekly. Still, I’ve recently integrated Pocket into my workflow, where it replaced a function