Whitepapers

We have worked hard and stretched our communal brainpower to put some important thoughts together on some important topics. We hope you find the results useful.

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Prevention is Better than Cure


Assuring the organisational cardio-vascular system, insights for the CFO and the Audit Committee

Today’s standard practice in business assurance is focused on symptoms of problems, followed by diagnosis and cure. This approach has significant risks in itself. If you consider the human body, we have learned in recent decades that for many illnesses there are markers in the blood system long before a medical problem exhibits symptoms.… Read More

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Continuous Audit: Technology Enabled Continuous Assurance


Challenging assumptions with practical experience

‘Continuous Audit’ has been discussed and written about for decades. Conferences are run and books get written on the subject. But to this day, the definition is hard to pin down and there is quite a lot of semantic debate about what it is and is not.… Read More

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The Misuse and Abuse of Expenses: Data Analytics for Rogue Claims


The Issue

Claiming for travel, entertainment and other expenses is a regular part of many people’s working lives. There is a whole range of expenses that can be legitimately claimed for and most companies will have a documented policy to define what can be claimed and allowable limits for different expense types.… Read More

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Optimising Order to Cash (O2C): Top 10 Exceptions


Order to Cash (O2C), or the receiving and processing of customer sales, is one of the key business processes to be monitored within organisations, as the efficiency of the incoming cash cycle can severely impact organisational health and growth prospects.

In recent years efforts to improve and optimise O2C have become a strategic priority.… Read More

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Optimising Purchase To Pay (P2P): Top 10 Exceptions


Optimising Purchase To Pay (P2P): Top 10 Exceptions

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The Compliance Tool Risk-Based Segregation of Duties


The reasons to acquire a tool to control authorizations within critical enterprise wide systems may vary. The goal is always the same – manage risks. In the case of SOD issues the risk lies in the abuse of rights granted to individuals within critical enterprise systems.… Read More

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The Compliance Tool Audit Check-List


A Compliance tool environment is where the fusion between rules containing one or more conditions used to identify risks in a business process and the data extracted from ERP tables to produce exception reports. In a Compliance Tool framework these exceptions allow for further corrective action.… Read More

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Driving Continuous Improvement: “The Aggregation of Marginal Gains”


Driving continuous improvement “The aggregation of marginal gains”

Accounting Shared Services are a central plank of any transformation towards a world class finance capability. They are a key finance tool for efficiency and an enabler for strategic flexibility, but achieving the process standardisation required to drive the desired cost efficiencies is a difficult business in practice.… Read More

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