How to tackle a CIA / CISA Exam on technical proficiency

Ransom Nformi

Assessing the proficiency of the audit team is something that most auditors struggle with. Here is a good question that might appear in your CIA or CISA exam.

Ransom’s Question – Proficiency of Audit team.

What action should the Chief Audit Executive (CAE) do in order to ensure that the technical proficiencies of the auditors are appropriate for the audit engagement?

Select the correct answer:

A – Consider the scope of work and level of responsibility when establishing criteria for education and experience in filling internal auditing positions.

B – Ensure that each newly hired auditor is qualified in all of the disciplines needed to accomplish the department’s audit mission.

C – Oversee a training program that matches the actual training provided with the interests of individual auditors.

D – Require all of the audit staff to pursue a minimum number of continuing professional education hours each year.

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How do you manage culture?

This is an interesting article in how to manage culture within an organization. Multinational organizations grapple with this daily and it can be a daunting task for auditors to audit culture. Have you ever performed a culture audit? How does your organization handle culture?

Norman Marks on Governance, Risk Management, and Audit

There’s a new ‘Good Practice Guide’ from Australia. The Ethics Centre, Governance Institute of Australia,Chartered Accountants Australia New Zealand, and IIA– Australia recently released Managing Culture – A Good Practice Guide.

This is a topic I have been writing about for several years. In addition to covering it in World-Class Risk Management, I have posted about a dozen times on the topic in the last 5 years, here and at iaonline.theiia.org.

In my posts, I make the point that there are many aspects or dimensions to culture, just as there are many dimensions to the behavior you want it to drive.

They may include:

  • Acting with integrity
  • Working as a team towards shared goals
  • Putting the enterprise ahead of personal interests
  • Complying with corporate policies
  • Sharing and communicating
  • Listening and empowering
  • Treating all others with respect
  • Respect for authority
  • Tolerance for dissent
  • Considering risk…

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