PRESSE UND AKTUELLES
PRESSE UND AKTUELLES
In cooperation with colleagues from the DIIR working group "Audit of Finance and Accounting", our Managing Director Sami Abbas has revised and updated the fourth edition of the "Revision des Finanzwesens" guide.
Below is an excerpt from the contents of the book:
One of the central tasks of the internal audit department is to audit measures to raise and repay funds from the perspective of adequacy, effectiveness, security and regularity. Economic efficiency must also be considered when designing the payment, information, control and security relationships between companies and investors - since funds are to be obtained as cheaply as possible and liquid funds are to be invested optimally.
This volume gives you a quick, condensed overview of
- essential financing instruments in a company,
- relevant audit fields of finance,
- critical risks that become important from an auditing point of view.
Practical examination guidelines on financial planning, financing, cash management, payment transactions and payment security support you in the targeted implementation.
ISBN
978-3-503-15874-4
Under the leadership of our managing director, Sami Abbas, the second edition of the audit guidelines for the Audit of company insurances, which was first published in 2000, was revised and updated.
Company insurance is an essential tool that can be used to eliminate or reduce risks as part of risk management in the form of risk transfer. These audit guidelines support auditors in auditing company insurances by
- the main types of insurances that are essential for a company are presented
- the conclusion of the contract, the design of the contract, the basis of the contract, the update of the contract, the structure of the premium and the processing of claims are considered from an auditing point of view
- the subject matter of the insurance, the terms of contract, focal points of the audit, audit questions and explanations are presented for individual insurance policies to ensure an appropriate and sufficient risk-oriented audit of the individual insurance policies by the internal audit department on this basis in the interests of corporate management.
With examination guidelines for a total of 35 different insurance policies for practical audit work, expanded compared to the 1st edition to include, for example, cyber risk insurance, ransom insurance (kidnap & ransom) or directors and officers liability insurance (D&O insurance).
The book "Audit of the internal control system, audit guidelines on function and effectiveness" from the "DIIR publication series", volume 60, published in March 2020, in which our managing director Mr. Sami Abbas played a leading role in, was published in the ZIR magazine "Interne Revision", Edition 2/2020 and got reviewed.
"This work offers a practical guide to identifying risks in business processes, identifying controls and checking the effectiveness of these controls, which are essential for assessing the ICS."
Source: ZIR Zeitschrift Interne Revision“, Issue 2/2020.
The complete Article (in German):
Aktuell - Erich Schmidt Verlag (ESV)
Link tot he book:
Your guide to an official re-examination
The follow-up is one of the most important building blocks in the revision process. It is even a minimum requirement for passing a quality assessment. Because only in a follow-up can it be ensured that weak points have been eliminated, that controls are working effectively again or that new controls have been set up. But as an auditor, how do you keep track of which deficiencies are still being worked on and which have already been corrected? When will the implementation of measures be checked on site and when will a desk check of documents be sufficient? What happens if the recommendations are not implemented? How does the controlling of the follow-up work? We worked out concrete answers to these questions in the seminar.
The seminar will be led by Mr. Sami Abbas from TASCO Revision und Beratung GmbH. For more info.
Date: 13.06.2022
Location: Düsseldorf & Live-Stream
seminar schedule
Follow-up: A fundamental part of the audit process
- Purpose and objectives of a follow-up
- International Professional Practices Framework (IPPF) - practical advice
- The Audit Report
Carrying out the follow-up
- Follow-up Types
- Follow-up planning
- Preparation and Announcement
- Carrying out the inspection
- Documentation of evidence
Results of follow-up and reporting
- Result types per finding
- Decision criteria for assessing the elimination of defects
- Reporting on the overall result
- Deficiencies that have not been remedied – can one agree, must one agree?
Resubmission of the review
- Reasons for a second review
- Completion of the second review
- Completion of the entire Audit
Management and control of the findings
- What information does internal audit require?
- How is the status of the findings tracked?
Handling of follow-up results
- Evaluation of the elimination of defects for each department
- Lessons learned
Facility management covers the entire life cycle of a property and the associated outdoor facilities - from production to use to demolition. Deficiencies in facility management have a clearly negative effect on the investment costs, but above all on the subsequent usage and operating costs. They can quickly achieve ten times the value of the investment. Therefore, an intensive and well-founded examination of facility management is of great importance.
The internal audit must have the appropriate facility management know-how and professionally examine the entire process chain of building management.
Goal of the seminar:
You will receive process and risk-oriented auditing approaches and methods to identify, analyze and eliminate risks.
The seminar will be led by Mr. Benjamin Bender from TASCO Revision und Beratung GmbH. For more info.
Dates:
Hamburg: 24 Oktober – 25 Oktober 2022
Both events will also be broadcast via livestream.
Seminar schedule:
The importance of Facility Management
- Delimitation and determination of content of facility management
- Conception, planning and implementation of the revision of the facility management
- Relevant legal requirements
- Recording of the existing framework conditions (e.g. database/data basis, responsibilities, performance parameters, monitoring, reporting)
Examination of the technical building management
- Inventory documentation and inventory management
- Building automation (e.g. central control technology, facade control, air conditioning systems)
- Ongoing technical operation (commissioning, disruptions, inspection, maintenance, repairs)
- Energy management and water/sewage
- Other technical services
- Compliance with legal requirements
Examination of infrastructural building management (in the service sector)
- Needs assessment and bills of quantities
- Solicitation of offers and invitation to tender
- Negotiations and contract award
- Contracts
- Price and material lists
- Price increase requests
- Performance monitoring
- Relevant services: cleaning services, security services, outdoor facilities services, canteen, move management, waste disposal, office services, transport services
Examination of the commercial building management
- Controlling, budget management and forecast
- (Sub)accounting including debtor and creditor management
- Procurement processes including invoice verification
- Contract Management
- Utility bills
- Marketing including contract negotiations
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