As Teolupus, We have reviewed processes, drawn process mapping of all processes, reported internal control weaknesses and presented current risks and solution proposals.
Information about monitoring which is one of internal control components is provided.
Information about risk evaluation which is one of internal control components is provided.
Internal Control Components and Principles are written down.
Teolupus Partner Alp Buluc has participated in Guidance Development Committee meetings of the Institute of Internal Auditors (IIA) in Dubai during 9-11 May 2018. Burj Khalifa, Dubai Museum, with Naohiro Mouri-Chairman of the Global Board of Directors and hardwork at IIA-GDC. “Emphasize the Basics. Elevate the Standards”
Social skills are important in internal audit as much as technical skills. İmportance of this fact is explained and discussed.
A brief information about COSO Internal Control Model (2004) is provided.
Limitations in internal control are explained.
Basic Principles of Internal Control are listed.
This latest guidance helps practitioners make the most efficient use of their assurance resources by discussing how to develop, use, and update assurance maps to expose gaps and duplications. IIA members can download practice guides free of charge as a benefit of membership. https://global.theiia.org/standards-guidance/recommended-guidance/practice-guides/Pages/coordination-and-reliance-developing-an-assurance-map.aspx