Performance Auditing

What is Performance Auditing?

Performance auditing is an assessment of the activities of an organisation to see if the resources are being managed with due regard for economy, efficiency and effectiveness and accountability requirements are being met reasonably. Not only is performance management clearly established in legislation in South Africa, but the promotion of efficient, economic and effective use…

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Forensic Investigation

What is Forensic Investigation?

Forensics relates to information suitable for courts of law and for public discussion. [Source: Sawyer’s Internal Auditing, 6th Edition] Forensic auditing is the application of special skills in accounting, auditing, finance, quantitative methods of law, and investigative skills to collect, analyse and evaluate evidential matter and to interpret and communicate findings. Forensic accounting is focused…

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IT Audits

What is Information Technology Auditing?

IT governance is the responsibility of executives and the board of directors, and consists of the leadership, organisational structures and processes that ensure that the enterprise’s IT sustains and extends the organisation’s strategies and objectives. [Source: IT Governance Institute] As computer technology has advanced, all organisations have become increasingly dependent on computerised information systems to…

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Corporate Governance

What is Corporate Governance?

Good governance is essentially about effective leadership. Leaders should rise to the challenges of modern governance. Such leadership is characterised by the ethical values of responsibility, accountability, fairness and transparency, and based on moral duties that find expression in the concept of Ubuntu. Responsible leaders direct company strategies and operations with a view to achieving…

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Risk Management

What is Risk Management?

A meaningful understanding of risks and an effective risk management strategy are essential to navigating the challenges and surprises of today’s business environment, providing critical intelligence to executive decision makers. Risk management can help solve, reduce or avoid the problems your business faces and will face in the future, by ensuring proper and effective controls…

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