Effects of Covid-19 Pandemic on Internal Audit Plan

Covid-19 has brought new risks to organizations, changed risk landscape and chief audit executives must refresh internal audit plan accordingly to lead internal audit actions to reach to targets. By considering new risks, chief audit executives must first evaluate health of audit staff, and then reassess internal audit plan in terms of feasibility, applicability and […]

The Institute of Internal Auditors (IIA)’s New Three Lines Model

The Institute of Internal Auditors (IIA) published its first tripartite line of Defense in January 2013, Renewed as of July 2020. The key features of the new model are as follows: The Three Lines Model helps organizations identify structures and processes that best assist the achievement of objectives and facilitate strong governance and risk management. […]

Governance and Institutional Concepts in Turkish Commercial Law and Responsibility of Board of Directors

Author: Alp Buluç, Certified Internal Auditor-CIA, Certification in Risk Management Assurance-CRMA, Certification in Control Self-Assessment-CCSA This insight is about what heritage we transfer to next generations and which ones of those are strategic, sustainable and in a regenerative structure.  At first hand, we may think that these are money and real estate, then we are […]