Blog

Welcome to the Association Of Internal Control Practitioners Blog

Menu: :/
­

Procurement Professional

The primary role of the procurement professional is to help an organisation meet its collective goals and objectives. The collective goals of a business or organisation might include a wide range of objectives such as, profitability, standing in the marketplace, market share, competitive position in terms of the quality and […]

October 3, 2017|Categories: Blog, Procurement|

Sub-prime lending

Sub-prime lending and Credit Card debt – Another financial crisis on the horizon!
The level of unsecued debt in the UK this year is just under £201 billion. Credit card debt in June totalled £68.5billion. At a time of economic uncertainty over the impact of the UK leaving the European Union […]

August 21, 2017|Categories: Economy, Blog|Tags: , , |

Modern Business Environment

The Modern Business Environment – the foundation for effective governance.
The modern business environment characterizes the management style, corporate culture, values, philosophy, operating style, the organisational structure, and the human resources policies and procedures deployed by the Chief Executive Officer or the governing body of an organisation. It is the foundation […]

July 21, 2017|Categories: Blog, Corporate Governance, Internal Control|

Procurement – Marketing Services

Is procurement and supply chain management important?
Not to some international organisations involved in Procurement – Marketing Services it seems. I read recently that Proctor & Gamble propose to follow PepsiCo’s decision (made back in 2015) to get rid of its procurement function that buys marketing services! This does not say much […]

Governance Failure – Major Airline

Governance failure in major airline.
Has their been a “governance failure – major airline”, British airways? Judge for yourself:

Fights cancelled worldwide;
Thousands of passengers forced to sit in aircraft stranded for hours;
Lack of information for passengers;
Holidays ruined;
Belated apologies;
A likely compensation bill of £100m;
A public relations […]

May 31, 2017|Categories: Blog, Corporate Governance, Internal Control, Procurement, Risk Management|

Risk Management & Internal Controls – Synergy that is often forgotten!

What is meant by Risk Management & Internal Controls
Risk Management & Internal Controls – Standards, guidelines, resource centres, institutes, gateways; an entire industry formed around fundamental business practices commonly known as risk management and internal controls. Yet, how much is really known about this business process and how much of […]

March 27, 2017|Categories: Enterprise Risk Management ERM, Blog, Internal Control, Risk Management|

Dysfunctional Internal Controls Environment

We often hear about the ‘dysfunctional internal controls environment’. Here are some interesting headlines I came across in the press recently, all in the space of two weeks. I felt I should share these with you.

“Three snared after Barrett fraud probe”. Barrett is one of Britain’s biggest house builders. The […]

January 27, 2017|Categories: Fraud, Blog, Corporate Governance, Internal Audit, Internal Control|

Reaching for the Top Job

Reaching for the top job – or close to it.
For those of you reaching for the top job – or at least a place around the boardroom table, you have to excel in whatever profession you have chosen.

There are certain factors that gain you recognition; factors that can make a […]

Internal Audit vs Internal Control?

What is the difference between Internal Audit and Internal Control?
I am frequently asked the question; ‘What is the difference between Internal Audit and Internal Control?’ There is a huge difference in the professions.
Internal Audit
Internal Audit is the frequent or ongoing audit conducted by an organisation’s own personnel. The Internal Auditor […]

August 21, 2016|Categories: Blog, Internal Audit, Internal Control|

Procurement – In search of the Holy Grail

Procurement is a tough business, I know, but the continuous ‘marketing’ of the procurement profession by some Chief Procurement Officers and others lends itself to comparison with a search for the Holy Grail.

I hear in discussions and also read from various sources and articles that procurement is the single largest […]

July 13, 2016|Categories: Blog, Procurement, Supply Chain Management|Tags: , , |
Load More Posts