This audit blog is initiated with the intention to supplement my other two accounting blogs: basiccollegeaccounting.com and fmaccounting.com in relations to:

• internal control framework with ICQ checklist;
• corporate governance and ethnics;
• audits in term of internal, external and forensic nature;
• audit program checklist;
• how fraud occurs;
• illustrated examples of fraud and
• contemporary news in accounting fraud/scandal

The purpose of this audit blog is to focus purely on audits topic.

As advocated previously in my accounting articles, it is extremely crucial that a good financial executive must be able to appreciate and implement strong internal control policy and procedures.

He or she should ensure that strong internal control framework should form an integral part of the risk management environment of the overall business. Of course, on the other hand, too much of it might become a hindrance to business.

With the proper establishment of sound foundation of internal control framework, why the need to fear the internal and or external auditors. If we think of it in a positive manner, any points taken up from their internal control memorandum will add more value to your existing framework.

In essence this audit-blog will focus on articles on:

• mainly Asia Pacific Accounting frauds;
• attempt to explain in details how frauds can be perpetuated;
• suggest what specific type of internal control you need to look for in each area like accounts receivables, accounts payable and others;
• provide samples of Internal control questionnaires;
• corporate governance and ethnics;
• discuss articles on external audits, internal audits and forensic audits;includes a glossary of auditing terms and academic topics on auditing; and
• last but not least, inject some humor into this audit blog

Contact Details
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