Just like a huge obstacle course requires solid preparation, successful fieldwork requires deliberate planning. Fieldwork is the final obstacle course that must be won to have a successful audit. But if you haven't sufficiently prepared for this part of the course, you're going to crash and splash.

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I was reading an interesting article the other day about Artificial Intelligence (AI) and cognitive computing. I thought it might be worth sharing some of the thoughts with you in case you had ever contemplated using automation in the compilation of one of your reports.

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The following seven CAE best practices may help you both better position your team to improve the performance during each of their projects and better position internal audit as a go-to resource for business leaders.

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BP paid more than $25 billion; Volkswagen shelled out $19 billion; Anadarko Petroleum, $5.1 billion; and GlaxoSmithKline ponied up $3.75 billion. No, these aren't prices paid for major acquisitions, they are the penalties these companies paid to resolve environmental, health, and safety issues during the last seven years with a raft of U.S. federal agencies, including the Environmental Protection Agency, the Occupational Safety and Health Administration, and 11 others that deal with EHS issues.

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One telling sign of a maturing internal audit department is when the CAE proposes audit topics that are organizationally-focused around key projects and initiatives (e.g. evaluating the make-or-buy decision for a material for a key part or performing an assessment of a recent new product introduction) versus a generic audit topic (e.g. payroll or procurement cards).

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Most people think their driving is above average. That’s a statistical impossibility, of course, otherwise it wouldn’t be an average. Still, it’s what they believe and in one study, no fewer than 93% of Americans placed themselves in the top 50% of drivers.

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I went to a client the other day to run a 'Report Writing' course and we discussed “House Style”, including the font choice for audit reports. They were, like many large organisations, very clear on what was and what was not acceptable. I was delighted to hear that their choice fitted with the research I had done several years ago, but before I tell you what it was, let’s discuss the options.

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As regular readers will know, I run audit report writing courses for a living. For the past couple of years, I have included a small module I call "the hashtag generation". It was originally intended as a little light relief from the rigours of grammar but as time passes the subject has the potential to become a serious threat to the audit report.

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Study after study has shown that data analytics is effective and efficient at detecting risk and identifying control weaknesses, non-compliance, and inefficient business processes. So why have some internal audit departments still not embraced it?

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The high-publicity WannaCry attack has many companies reviewing their protections against ransomware and other cybersecurity attacks. Here we provide five preventative controls that IT auditors should ensure are functioning properly.

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