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
Stream of Consciousness
Headline A number of recent publications have extoled the virtues of internal audit having a seat at the management table. I don’t agree. I think that a seat at the table for the Chief Audit Executive would probably be the worst place to be. We need to be in
Stream of Consciousness
I missed an important element when writing the short post in weaponizing internal audit. This post was inspired by a sentence written by Mike Monteiro in his new book, “Design is a Job”. When we talk about using internal audit as a defensive asset whose presence should ensure higher compliance,
Stream of Consciousness
I had an interesting conversation this morning in the train to work. Discussing the lack of guidance about future avenues school choices taken now imply, I had a flashback. I remember one of my first days at University. We walked into an economics lesson, and the professor started to tell
Stream of Consciousness
"Your lawyer is a defensive asset and not to be weaponized unless absolutely necessary.". Courtesy of Mike Monteiro. Internal auditors are much the same. In essence, we are defensive assets. Our presence should prevent issues. But in order to be a relevant defensive asset, you need to be
Stream of Consciousness
"But as a designer, hell, as any type of craftsperson, you are responsible for what you put into the world." - Mike Monteiro in his just published book "Design is a job" think about it. It's your responsibility. And don't forget, it&
Stream of Consciousness
The importance of consultation and communication in risk management ISO 31000 refers to consultation and communication with stakeholders as a key activity in a well implemented risk management methodology. Let’s examine why these elements are important. The elements ISO talks about consultation and communication with stakeholders. So we need