-
Brou Marie Joelle Alexandra Adje wrote a new post on the site MIS5208 Spring 2017 7 years, 7 months ago
My name Is Brou Marie Joelle Alexandra Adje, but I go by Alex to make it easier. I’m originally from Ivory Coast, West Africa. I graduated from temple in May 2015 with a BA in Risk Management and Insurance. I w […]
-
Brou Marie Joelle Alexandra Adje posted a new activity comment 7 years, 7 months ago
From the standpoint of the auditee, and even the organization hiring that auditor, I strongly believe that the faker is the worst type of auditor. In fact, an auditor can be lazy, dominant, stressed etc. but there is nothing worse than not knowing what they are doing. I mean, one of the crucial characteristic of a good auditor is to determine what…[Read more]
-
Brou Marie Joelle Alexandra Adje posted a new activity comment 7 years, 7 months ago
I agree with you Blake. I like that you mentioned “integrity.” In fact, integrity is critical to the well-being of society and the records that are generated as a result of audits conducted. A good auditor must have integrity principles in their personal character; as you mentioned the faker does not have this characteristic and that is an issue.
-
Brou Marie Joelle Alexandra Adje commented on the post, ICE 5.1 Telling a Story through Visualization, on the site 7 years, 7 months ago
Good point Paul. It is true that segregation of duties does not prevent collusion. I like that to mentioned complementary controls. But, what about simply rotation of duties? In fact, an employee is less likely to collude with someone to “steal” if the assignment is a temporary one. This goes with mandatory vacation Sean mentioned. The idea being…[Read more]
-
Brou Marie Joelle Alexandra Adje posted a new activity comment 7 years, 9 months ago
Sean, I agree when you say that “any control that is highly complex and/or requires judgement should not be left to automation.” In fact, automation provides predictable, consistent performance, it lacks judgment, adaptability and logic. Whereas humans provide judgment, adaptability and logic, we are unpredictable, inconsistent and subject to…[Read more]
-
Brou Marie Joelle Alexandra Adje posted a new activity comment 7 years, 9 months ago
Binu I agree with you when you say that “automated controls can prevent errors but for monitoring and evaluation, approvals there should be manual controls.”
In fact, today’s businesses need both manual and automated controls. Some industries will have more of one than the other, but should not only rely on one type of controls. Airlines, f…[Read more]
-
Brou Marie Joelle Alexandra Adje posted a new activity comment 7 years, 9 months ago
Sean, success come and go, but integrity is forever. It pretty much means doing the right thing at all times and in all circumstances, whether or not anyone is watching. But it takes having the courage to do the right thing, no matter what the consequences will be. I totally agree with you when you say that building a reputation of integrity…[Read more]
-
Brou Marie Joelle Alexandra Adje posted a new activity comment 7 years, 9 months ago
3. A person’s character is very crucial in the audit industry. How would you build your reputation and maintain a good ethical character in this industry?
First of all, strong ethical characteristics are fundamental to audit success. Throughout my career as an auditor I will make sure to possess a strong ethical foundation and avoid any te…[Read more]
-
Brou Marie Joelle Alexandra Adje posted a new activity comment 7 years, 9 months ago
In the Real World Control Failures we’ve reviewed, describe the character of the leaders involved. Is it a root of the control failures?
Most of the leaders were arrogant and had unethical behavior which eventually had a negative impact on their company. So yes, bad leadership is a root of control failures because if you think about it l…[Read more]
-
Brou Marie Joelle Alexandra Adje posted a new activity comment 7 years, 9 months ago
I totally agree with you Daniel. Additionally i think customers expect SAP’s sales staff to have in-depth knowledge of their sector, industry challenges, business processes, and relevant key performance indicators. they need to understand the challenges that their customers face in order to better assist them
-
Brou Marie Joelle Alexandra Adje posted a new activity comment 7 years, 9 months ago
Deepali,
I think to manage the high cost of compliance, every company must be aware of the dynamics
between total cost of ownership (TCO) and compliance costs. It is definitely important to monitor the total cost of compliance relative to its effectiveness. In fact, higher spending do not necessarily mean a higher level of compliance or…[Read more] -
Brou Marie Joelle Alexandra Adje posted a new activity comment 7 years, 9 months ago
Overall I think that organization need a compliance plan. In order for that plan to be effective, it must become an integral part of the organization. It cannot simply lay dormant until an auditor shows up or a violation occurs. statutory and regulatory compliance streamline organizations’ business operations, reduce the likelihood of statutory…[Read more]
-
Brou Marie Joelle Alexandra Adje posted a new activity comment 7 years, 9 months ago
Laly, for the most part I agree with you. In fact, organizations must meet not only regulatory requirement but also statutory requirement. Both statutory requirements and regulatory are required by law. They are non-negotiable and must be complied with, no matter what. I like that you mentioned the Payment Card Industry Data Security Standard, if…[Read more]
-
Brou Marie Joelle Alexandra Adje posted a new activity comment 7 years, 9 months ago
2) The ERP systems market is very competitive. What should SAP and other ERP systems providers be focusing on to make their systems more competitive in the future?
In order to make their systems more competitive, SAP and other ERP systems providers should first make sure that their system is flexible. Most of the time sap customers complain…[Read more]
-
Brou Marie Joelle Alexandra Adje posted a new activity comment 7 years, 9 months ago
Great answer Sean. Do you think that perhaps outsourcing audit work can also be helpful, in term of independence, to avoid the appearance of impropriety or a conflict of interest?
-
Brou Marie Joelle Alexandra Adje posted a new activity comment 7 years, 9 months ago
Good points Wenlin.
In sum, to maintain the necessary independence and also objectivity, internal auditors need to keep an appropriate distance as they craft relationships with other business units. Independence can actually be maintained through proper reporting relationships and by following industry standards and CPA ethical guidelines. -
Brou Marie Joelle Alexandra Adje posted a new activity comment 7 years, 9 months ago
Well said Said. I like that you mentioned the fact that “If they were to report to their direct supervisor it would have compromised their objectivity”. In fact, objectivity is a mental attitude that internal auditors should maintain while performing engagements. To maintain objectivity, internal auditors should have no personal or professional…[Read more]
-
Brou Marie Joelle Alexandra Adje posted a new activity comment 7 years, 9 months ago
Right Victoria.
Companies increasingly expect their internal audit function to take on a more strategic, collaborative role within the business. The thing is internal auditors should not be proposing or setting the same strategies they will have to audit. They can contribute to strategy by examining the things that need to go right for strategy…[Read more]
-
Brou Marie Joelle Alexandra Adje posted a new activity comment 7 years, 10 months ago
3) How is independence maintained when working for the company as an internal auditor?
Internal auditors are independent when they render impartial and unbiased judgment in the conduct of their engagement. To ensure this independence, the chief audit executive (CAE) should report directly to the audit committee. For day to day administrative…[Read more]
-
Brou Marie Joelle Alexandra Adje posted a new activity comment 7 years, 10 months ago
4. Next week we have the privilege of having real world auditors join us for our discussions. What questions would you like to ask the Auditors to answer for us?
Are there typical questions (the right questions), auditors always ask clients?
What are the biggest challenges in this profession?
What are their relationship with their audit…[Read more] - Load More