by Ekrem Duman | Jun 4, 2026 | Finance, Internal Auditing
⚡ TL;DRA single internal audit engagement runs through five stages: planning and scoping, fieldwork and evidence gathering, evaluation against criteria, reporting with agreed actions, and follow-up to confirm the fixes were made. Each stage has its own deliverables...
by Ekrem Duman | Jun 4, 2026 | Finance, Internal Auditing
⚡ TL;DRBuilding an internal audit function starts with a board-approved charter that defines independence, scope, and reporting lines. From there you run a risk assessment, build a risk-based annual plan, decide on in-house versus co-sourced staffing, and deliver...
by Ekrem Duman | Jun 4, 2026 | Finance, Internal Auditing
⚡ TL;DRInternal auditing is an independent, objective assurance and advisory activity that helps an organization evaluate and improve its risk management, internal control, and governance processes. It reports to the audit committee, not management, and exists to...
by Ekrem Duman | Jun 29, 2025 | Auditing & KPIs, Finance
🕵️♂️ The Shadow of Fraud: How Modern Businesses Navigate Risk and Redemption In the high-stakes world of business, trust is currency—but not all leaders protect it. The Investopedia article on crime and fraud outlines how financial malpractice, deception, and...
by Ekrem Duman | Jun 27, 2025 | Auditing & KPIs, Finance
Welcome to the backbone of modern American financial regulation. 🧩 The 1934 Securities Exchange Act didn’t just emerge from thin air—it was born from the ashes of the Great Depression, a desperate legislative effort to restore trust in markets teetering on collapse....
by Ekrem Duman | Jun 21, 2025 | Auditing & KPIs, Finance
Imagine a small e-commerce startup, “EcoBags,” which initially overlooked audits. When a financial discrepancy arose, they faced a crisis. However, after an external audit, they discovered issues and improved their processes, leading to growth. This is just one...
