Impact of CBN Revised Timelines for Dispense Errors, Refund Complaints on Banks – The Concept of False Disputes
The reduction of the timelines for dispense errors, refund complaints by CBN effective June 8, 2020, was a happy point for cardholders as this further increases the rapidity at which […]
The Ultimate Auditor: A Body of Knowledge
In the course of my life and job as an Auditor, the realization of how highly placed I am in the eyes of not just auditees, but family and friends […]
Help! My Phone is getting in My Way
Do you ever find yourself reflecting on your day or some part of your day and realize in some way or the other you fell short of your schedule or […]
Future of Internal Audit in an Increasingly Digital World
The year 2020 saw the globe plunge into an unprecedented health crisis, the likes of which could not have been anticipated by global institutions, world governments, health / environmental / […]
Cybersustainability: Ensuring Digital Strategies
Increasingly, security professionals use language that makes a distinct combarison between our •physical environment and our digital intrastructures. We use terms such as “digital ecosystem, “digital footprint” “IT environment” “data […]
AUDITING BIG DATA ENVIRONMENT
Big data is a popular term used to describe the exponential growth and availability of data created by people, applications, and smart machines. Big data is evolving rapidly and will […]
THE CBN AML/CFT ADMINISTRATIVE SANCTIONS REGIME AND THE ROLE OF INTERNAL AUDIT
The Central Bank of Nigeria in 2018 announced some sanctions in relation to Money Laundering and Combating the Financing of Terrorism. These sanctions which are administrative seek to fine banks […]
CBN CIRCULAR ON FOREIGN EXCHANGE
RESTRICTION ON THE IMPORTATION OF 42 ITEMS RELEASED ON DECEMBER 7, 2018 The Central Bank of Nigeria (CBN) on July 1, 2015 issued a directive banning 41 items from accessing […]
Understanding COSO 2017 Enterprise Risk Management Framework and Internal Control Model
Fraud has adverse impacts on institutions in various ways such as nancial, operational, reputational and even psychological. It also results in loss of man-hours as signicant amount of time is […]