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There are advantages and disadvantages of outsourcing your company’s internal audit function.
Also, do you know how to measure the performance of the outsourced provider?
I have tabulated below the advantages and disadvantages and some measurements to assess the performance of the outsourced provider.
ADVANTAGES:

1
Skills
If the auditing firm that you […]

CLICK TO THE MAIN PAGE ON ALL ARTICLES ON OUTSOURCING 
In my earlier article, I mentioned about some dinosaur functions in the Accounting function. I further elaborated on share service centre and  outsourcing which can take away the livelihood of the accounting staff. This is because in a  big group of companies,  the Group CFO is constantly […]

This article is to share with you the procedures to set up branches in India.
Basic reasons for setting up branches in India:
Setting up branches in various states of India is inevitable as it is a very vast country. If you situate your head quarter in say Bangalore ( presently the silicon valley of India) which […]

It’s important to have a Statement of Policy on Record Retention.
This is particularly so where you have a number of subsidiaries in different countries where they need to comply with various local regulation like the Inland Revenue. By having a clear-cut policy and procedure, you can demonstrate to outsiders that from the Head Office’s […]

Using the salient points below, you can establish an internal control checklist or statement of policy for your company’s Information Technology
General
• Procedures should be defined and documented to ensure the security and proper maintenance of notebooks, computers and computer-related equipment.
• Usage of pirated software within the office premises should not be permitted at all times.
Logical Security
• Access should […]