The future of auditing is auditing the future. Enough with a review of historical data. The business is heading forward into the future. That is what internal auditing should focus on the value addition chain. Internal audit departments must be transformed through re-skilling, re-tooling, and exposure. Three challenges affecting internal auditing effectiveness in value addition Sampling: why test some and not all? How do we provide independent assurance enterprise-wide amid resource constraints? Cyclical: how do we avoid moving in circles again and again? How do we go beyond the mundane and basics? Past and rear-view: how do we avoid spending…
Countdown: 9 Days to the Uganda Banking Sector Report 2020 Launch
The most comprehensive Uganda banking sector report 2020 launch is around the corner. You cannot afford to miss this. What: summitBI Uganda banking sector report launch 2020 When: 14th August 2020, starting at 10 am sharp. Why: Banking sector – past, present, and future. Understand the drivers of Uganda’s banking sector. The strategically important banks (SIBs), winners and losers, and the macro-economic indicators. You will learn about the CAMELS framework for banking sector assessment. Fee: Nil. Attendance at the webinar is FREE of charge. The highlights of the Uganda banking sector report 2020: Uganda’s high-risk lending sectors The portfolios that…
Is your purpose aligned to the greater good?
The purpose is the reason for being. Why does your organization exist? Why does your team exist? Why do you exist? A clear purpose focuses the team to a common agenda and helps attract the right team. Winning companies spend a lot of time defining their purpose. You want prospective staff and partners to read your purpose and resonate. Figure 1: aligning personal purpose to organizational purpose Personal purpose Why do you exist? What do you hold dear? What values do you live? What causes do you support? To win, start by defining your purpose as it guides your outlook,…
Tools of productive staff, tool 1: priority list
Do you love watching competitive television shows for leisure? MasterChef Australia is one such show that never disappoints. Different chefs are challenged to make the best dish to test the contestant’s food knowledge and preparation skills. Episodes are varied to make them unique. In one of the episodes, new contestants were given a menu and challenged to go to the supermarket and buy food (raw materials) to prepare the meals on the menu! How brilliant. And indeed, a good soldier knows when and how to use his or her tools and weapons at disposal. The same applies to staff productivity…
To win, be a player and not a spectator
The legendary Martial Artist, Bruce Lee, is quoted as having said: “Do not pray for an easy life; pray for the strength to endure a difficult one.” In these COVID-19 times, we all need to say this prayer. We are living in challenging times. There is nothing as worse as having a year of missing school. And that is not for just one class or a few students. But the whole country. Only very few lucky children of the middle and high-end class parents are attending school via zoom. It is these kinds of privileges and opportunities that keep some…
How to add impact to your country #mindspark
Many people who have transformed countries and governments, are not necessary government employees or public servants. They are usually private sector players who work with government as partners. From the United States to Europe, to Asia, to UAE. Governments support the private sector to create jobs and drive the economy. The tallest building in the world is located in Dubai. It is a Development by a private sector player working with government as a strategic partner. In the USA, tech giants like Amazon, Apple, SpaceX, Facebook etc work with government as partners. That is how the magic happens. Speaking to…
