Audit and Assurance

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Auditor's role during pandemics

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  • 1.  Auditor's role during pandemics

    Posted 18 Mar, 2020 17:28
    Dear all,

    Hope this message finds you safe and sound.

    In my country, mos of the businesses and institutions have activated the BCP and are working under critical circumstances. However, I would appreciate if you could share your experience and knowledge related to the internal auditors role during this time, as we all know that pandemics might last longer than traditional disruptions.
    Can and (who) should change the auditors function during these times of pandemics? is there any value to conduct audits planned on the yearly plan having in mind that institutions will work with limited staff and have other priorities than  providing information to auditors for 'regular audits'
    For example, FFIEC recommends that institutions should engage auditors or oversight bodies to monitor the execution and business/institution operation during these times?
    Any thoughts or recommendations on how to handle this?
    Stay safe and healthy.

    ------------------------------
    Elvin Mala
    IT Auditor
    ------------------------------


  • 2.  RE: Auditor's role during pandemics

    Posted 25 Mar, 2020 17:09
    ​At our company since we are a financial institution its business as normal for us as NCUA has exams that they are testing. The only difference is that we are working from home vs being on-site.

    ------------------------------
    Kuinten Rucker

    ------------------------------



  • 3.  RE: Auditor's role during pandemics

    Posted 19 Apr, 2020 07:23
    As this is a digital era, its business as usual. audits can still be conducted from home and meetings can still be planned. I think that companies can still provide data and evidences to auditors as everything is online and digital very few information required for audits are physically stored.

    ------------------------------
    Zineb Gridda
    Senior IT Auditor
    ------------------------------



  • 4.  RE: Auditor's role during pandemics
    Best Answer

    Posted 19 Apr, 2020 08:09
    @Elvin Mala

    Traditional audits and audit plans have to change because after the pandemic we also expect policies, standards, contracts and some regulations to change. Your COVID-19 risk mitigation strategy will continue to transform in the coming weeks and months. Internal auditors must look ahead to future risk, as well as mitigate the present dangers.

    Here are some of the ways organizations are responding
    1. Some organizations have redirected their audit, risk and compliance expertise to Advisory so as to respond to the pandemic accordingly. This involves;
    • Providing COVID-19 updates to the board
    • Revising the business continuity plan
    • Evaluating third-party relationships 
    2. Internal auditors are providing the data-driven short-term risk perspectives that support confident decision-making during this uncertain time. This is obviously very important to both the leadership team and the entire organization, as it helps everyone stay focused on meeting objectives and mitigating risks.

    3. Internal Auditors are developing models for the organization's future state
    Sure, COVID-19 brings countless risks (e.g., health and safety of customers and employees, disrupted supply chains, cost reductions, new processes, revenue loss) that needs immediate attention, but internal audit also needs to look at emerging or evolving risks that will impact the organization's future state.

    4. Real-time assurance: As a result of government initiatives to support organizations through this pandemic, audit teams in some sectors (e.g., government departments and financial services) are even experiencing increased workloads, requiring them to undertake real-time assurance work to effectively tackle emerging risks.

    5. Internal Auditors have adopted an agile audit plan since COVID-19 is causing organizations to adjust business operations, looking ahead includes impacts on 2020/21 internal audit plans, changes in internal audit methodology, and maybe even reducing overall internal audit activity to deliver value to a downsized organization.

    Since the pandemic caught most unaware, some organizations are still in hibernation while others its business as usual.

    ------------------------------
    Veronica Rose, CISA
    Information Systems Auditor
    ------------------------------



  • 5.  RE: Auditor's role during pandemics

    Posted 19 Apr, 2020 19:08
      |   view attached
    Hi,

    ISACA Sri Lanka has requested me to facilitate a webcast and is scheduled for 21 April. If you are interested please register and join.  Details are in the attached flyer. Please check your time conversion.
    Regards
    Nalin

    ------------------------------
    Nalin Wijetilleke MBA, CISA, CGEIT, FBCI, PMP, CMC
    2019 Online Forum Topic Leader
    Managing Director, ContinuityNZ Ltd.
    ------------------------------



  • 6.  RE: Auditor's role during pandemics

    Posted 20 Apr, 2020 06:25
    @Nalin Wijetilleke

    Thanks for sharing, I would love to attend the meeting kindly share the registration link.

    Also, the link below as per the flier is not active

    https://zoom.us/webinar/register/WN_NfduRHKQxSowvK68vGKbw

    ------------------------------
    Veronica Rose, CISA
    Information Systems Auditor
    ------------------------------



  • 7.  RE: Auditor's role during pandemics

    Posted 20 Apr, 2020 06:36
    Please try this

    Hi Nalin Wijetilleke,

    This is a reminder that "Key Pandemic Planning Lessons from COVID-19" will begin in 1 day on:
    Date Time: Apr 21, 2020 01:30 PM Mumbai, Kolkata, New Delhi

    Join from a PC, Mac, iPad, iPhone or Android device:

    Click Here to Join
    Note: This link should not be shared with others; it is unique to you.
    Add to Calendar   Add to Google Calendar   Add to Yahoo Calendar


    Or join by phone:


    US: +1 669 900 9128 or +1 253 215 8782 or +1 301 715 8592 or +1 312 626 6799 or +1 346 248 7799 or +1 646 558 8656
    Webinar ID: 310 721 359
    International numbers available: https://zoom.us/u/abBrHt0DMr





    You can cancel your registration at any time.



    ------------------------------
    Nalin Wijetilleke MBA, CISA, CGEIT, FBCI, PMP, CMC
    2019 Online Forum Topic Leader
    Managing Director, ContinuityNZ Ltd.
    ------------------------------



  • 8.  RE: Auditor's role during pandemics

    Posted 20 Apr, 2020 06:39
    @Nalin Wijetilleke
    Thank you​

    ------------------------------
    Veronica Rose, CISA
    Information Systems Auditor
    ------------------------------



  • 9.  RE: Auditor's role during pandemics

    Posted 21 Apr, 2020 06:44
    @Nalin Wijetilleke

    Thanks for sharing, I would love to attend the meeting the link  in the attached flyer is not active

    ------------------------------
    Rita Kobusinge
    MANAGER SYSTEMS AUDIT
    ------------------------------



  • 10.  RE: Auditor's role during pandemics

    Posted 21 Apr, 2020 06:54
    @Rita Kobusinge

    The event ended earlier this morning. I attended the live event at 11:00 A.M (EAT) Maybe @Nalin Wijetilleke can share with you the recording.​

    ------------------------------
    Veronica Rose, CISA
    Information Systems Auditor
    ------------------------------



  • 11.  RE: Auditor's role during pandemics

    Posted 21 Apr, 2020 09:13
    Ohhh Thank you  Rose for the update . I really missed out. Looking forward to get the recording. I really needed this, and i think we need to have one in ISACA Kampala Chapter as well during this period.

    Rita







  • 12.  RE: Auditor's role during pandemics

    Posted 21 Apr, 2020 17:21
    Hi Veronica & Rita,

    I will check with ISACA Sri Lanka whether they have a recording so that I could share it. Or else, if Melissa Swarts - ISACA HQ arrange for another webcast for the ISACA Audit & Assurance Group.

    Kind regards

    Nalin

    ------------------------------
    Nalin Wijetilleke MBA, CISA, CGEIT, FBCI, PMP, CMC
    2019 Online Forum Topic Leader
    Managing Director, ContinuityNZ Ltd.
    ------------------------------



  • 13.  RE: Auditor's role during pandemics

    Posted 23 Apr, 2020 04:40
    Hello Nalin,

    it's a shame I missed your webinar. Is the recording available?
    Thank you.
    Yulia

    ------------------------------
    Yulia Emelianenko
    IT Auditor
    ------------------------------



  • 14.  RE: Auditor's role during pandemics

    Posted 23 Apr, 2020 22:47
    Hi Yulia,

    I have been in touch with ISACA HQ and will soon arrange a  webcast on Auditing Pandemic Planning Preparedness and Exit strategies and you will be notified.
    Stay safe!

    Kind regards

    Nalin

    ------------------------------
    Nalin Wijetilleke MBA, CISA, CGEIT, FBCI, PMP, CMC
    2019 Online Forum Topic Leader
    Managing Director, ContinuityNZ Ltd.
    ------------------------------



  • 15.  RE: Auditor's role during pandemics

    Posted 24 Apr, 2020 15:48
    @Nalin Wijetilleke

    Thanks for the update. Looking forward to that webinar.​

    ------------------------------
    Veronica Rose, CISA
    Information Systems Auditor
    ------------------------------



  • 16.  RE: Auditor's role during pandemics

    Posted 25 Apr, 2020 03:28
    Hi Veronica,

    As ISACA HQ is having difficulties in organizing from there due to time differences, I have requested Rita Kobusinge - General Secretary, ISACA KAMPALA,  try organizing it. Or else you can arrange it. Please be mindful of the time difference. between Uganda and Auckland, New Zealand which is 9 hours. If you organize the webcast between12 noon and 1:15 pm Kampala time, it is ok with me. It will be 9 pm here.

    The topic can be 'IS AUDITOR's ROLE in COVID-19 PANDEMIC PLANNING'
    Let me know how it goes.
    Kind regards
    Nalin

    ------------------------------
    Nalin Wijetilleke MBA, CISA, CGEIT, FBCI, PMP, CMC
    2019 Online Forum Topic Leader
    Managing Director, ContinuityNZ Ltd.
    ------------------------------



  • 17.  RE: Auditor's role during pandemics

    Posted 25 Apr, 2020 06:38
    @Nalin Wijetilleke

    Thank you so much for your response, I am ready to host this. The time is also okay for our East African Audience.

    Kindly Let me know of the Duration of the event you are comfortable with. I propose 40 minutes ( for presenting and Q & A)​

    Also, let me know your preferred date. Next week.

    Thank you

    ------------------------------
    Veronica Rose, CISA
    Information Systems Auditor
    ------------------------------



  • 18.  RE: Auditor's role during pandemics

    Posted 25 Apr, 2020 06:58

    Hi Veronica,

     

    That is great.  I am ok on Thursday – 30 April. Yes, 40 minutes is fine with 10 minutes for Q&A at the end.

    May be good to inform other East African and South African ISACA Chapters as well.

     

    Kind regards

     

    Nalin

     






  • 19.  RE: Auditor's role during pandemics

    Posted 25 Apr, 2020 07:02
    @Nalin Wijetilleke

    Awesome!

    Let me make the arrangements for the event to happen.

    Thanks alot​

    ------------------------------
    Veronica Rose, CISA
    Information Systems Auditor
    ------------------------------



  • 20.  RE: Auditor's role during pandemics

    Posted 25 Apr, 2020 16:58
    @Nalin Wijetilleke

    Kindly see the attached.​

    ------------------------------
    Veronica Rose, CISA
    Information Systems Auditor
    ------------------------------

    Attachment(s)

    pdf
    Webinar Program.pdf   388K 1 version


  • 21.  RE: Auditor's role during pandemics

    Posted 27 Apr, 2020 02:01
    Greetings what time zone?  So we may schedule within our local time zone?

    ------------------------------
    Sal Rodriguez
    Director of Internal Audit
    CISA, CIA, CRMA, CCSA, CGAP, CICA, MBA, MS
    ------------------------------



  • 22.  RE: Auditor's role during pandemics

    Posted 27 Apr, 2020 02:27
    Hello Sal,

    I think it will be 6 am in NewYork. you will have to convert Nairobi time to where you live. Perhaps it may be too early in the morning.
    time/date converter  https://www.timeanddate.com/date/dateadd.html

    Cheers!
    Nalin

    ------------------------------
    Nalin Wijetilleke MBA, CISA, CGEIT, FBCI, PMP, CMC
    iso 22301, ISO 27001. ISO 27701, ISO 9001 Lead implementor/Lead Auditor, GDPR Data Protection Officer,
    2020 Online Forum Topic Leader
    Managing Director, ContinuityNZ Ltd.
    ------------------------------



  • 23.  RE: Auditor's role during pandemics

    Posted 27 Apr, 2020 05:09
    @Salvador Rodriguez

    Here is the registration form

    https://forms.gle/diFcHFa4pGZ2BywJ8



    ------------------------------
    Veronica Rose, CISA
    Information Systems Auditor
    ------------------------------



  • 24.  RE: Auditor's role during pandemics

    Posted 27 Apr, 2020 06:40

    Hi Nangoobi et al,
    looks like the topic is quite interesting and I thank you all for your responses. 

    I tried to register for the upcoming webinar, however i was unable because only 4 countries were listed for selection. Could you add the 'other' option under that?
    looking forward to the webinar. 

    stay safe!



    ------------------------------
    Elvin Mala
    IT Auditor
    ------------------------------



  • 25.  RE: Auditor's role during pandemics

    Posted 27 Apr, 2020 06:49
    Hi @Elvin Mala

    The issue has been rectified, Kindly register again.​

    ------------------------------
    Veronica Rose, CISA
    Information Systems Auditor
    ------------------------------



  • 26.  RE: Auditor's role during pandemics

    Posted 27 Apr, 2020 07:39
    Done :-)

    ------------------------------
    Elvin Mala
    IT Auditor
    ------------------------------



  • 27.  RE: Auditor's role during pandemics

    Posted 25 Apr, 2020 07:57
    Hi Rose,
    We got feedback from Nalin this morning, ISACA Kampala Chapter is Planning to host this event on the  4th May 2020. The Details will be communicated ASAP​​ 

    ------------------------------
    Rita Kobusinge
    MANAGER SYSTEMS AUDIT
    ------------------------------



  • 28.  RE: Auditor's role during pandemics

    Posted 19 Apr, 2020 15:50
    Elvin:

    It would be business as usual as things will be tweaked a little bit owing to urgency on what needs to be done in the interim. SEC in US has given reporting extensions
    so I am sure in Europe and Africa same suit will follow.

    As priorities change things will trickle from the CAE as needed and instructions will flow the downward path.

    Hope this helps.

    ------------------------------
    Thanks and regards,

    Suresh "Sam" Chhabria, MCOM, MBB, TQM, SOX, VCA, CISA
    Technology Auditor
    Governance Advisor
    ------------------------------



  • 29.  RE: Auditor's role during pandemics

    Posted 29 Apr, 2020 15:54
    Hi all,

    Join Zoom Meeting

    https://zoom.us/j/96795359050

     

    Meeting ID: 967 9535 9050

    One tap mobile

    +13126266799,,96795359050# US (Chicago)

    +13462487799,,96795359050# US (Houston)

     

    Dial by your location

            +1 312 626 6799 US (Chicago)

            +1 346 248 7799 US (Houston)

            +1 646 558 8656 US (New York)

            +1 669 900 9128 US (San Jose)

            +1 253 215 8782 US (Tacoma)

            +1 301 715 8592 US (Germantown)

    Meeting ID: 967 9535 9050

    Find your local number: https://zoom.us/u/abPplVg36



    ------------------------------
    Veronica Rose, CISA
    Information Systems Auditor
    ------------------------------



  • 30.  RE: Auditor's role during pandemics

    Posted 29 Apr, 2020 17:09
    Edited by NANGOOBI ROSE 30 Apr, 2020 01:44

    ISACA Kenya Chapter is inviting you to a scheduled Zoom Webinar.

    Topic: IS Auditor's Role in COVID-19 Pandemic Planning Webinar

    Presented by Nalin Wijetileke, MBA, FBCI, CISA, CGEIT, MIoD. Managing Director & Principal Consultant at ContinuityNZ, ISACA Engage Topic Leader - Audit & Assurance and CGEIT Exam Manual Reviewer.

     

    Time: Apr 30, 2020, 13:00 Hours Nairobi (EAT)

     

    Join Zoom Meeting

    https://zoom.us/j/96795359050

     

    Meeting ID: 967 9535 9050

    One tap mobile

    +13126266799,,96795359050# US (Chicago)

    +13462487799,,96795359050# US (Houston)

     

    Dial by your location

            +1 312 626 6799 US (Chicago)

            +1 346 248 7799 US (Houston)

            +1 646 558 8656 US (New York)

            +1 669 900 9128 US (San Jose)

            +1 253 215 8782 US (Tacoma)

            +1 301 715 8592 US (Germantown)

    Meeting ID: 967 9535 9050

    Find your local number: https://zoom.us/u/abPplVg36



    ------------------------------
    Veronica Rose, CISA
    Information Systems Auditor
    ------------------------------