[kictanet] Why ISACA is cracking the whip on individual auditors

[Walubengo J]

Mr. President Paul Roy,
I totally concur.
We must stop the 'Enron' effect from consuming us in .KE
As for IS/IT Audits, I suspect that they are rarely (or perhaps shoddily) done since they seem not to be explicitly expected @https://www.centralbank.go.ke/index.php/regulations-and-guidelines

As such, Info Systems Audits tend to be an 'after-thought' executed after the Accounting professionals are with the Financial audits.
As the Ministry of ICT embarks on reviewing the ICT policy, this point should be at the back of our mind -how to lay the blueprint for future legislation around IS/IT audits.
walu.

      From: Paul Roy via kictanet <kictanet at lists.kictanet.or.ke>
 To: jwalu at yahoo.com 
Cc: Paul Roy <roykoikai at gmail.com>
 Sent: Friday, April 8, 2016 2:55 PM
 Subject: [kictanet] Why ISACA is cracking the whip on individual auditors
   
Dear Listers,
On November 13, 2015 I wrote to the CBK governor Dr. Njoroge expressing concerns over the conduct of audit firms in Kenya. Top of my agenda was to instill discipline to the auditors in Kenya and restore confidence to shareholders over reported state of their business. This was as a result of the collapse of Imperial bank with blames pointing to weak audit practices and some sort of collusion.
As you may know, I am the current President of ISACA Kenya the body that certifies and regulates IT/System Auditors(CISA). ISACA has a code of conduct for all it's professionals working in the cybersecurity, assurance, audit and risk management functions. All certified members know that they are required to adhere to strict ethical standards.
That's why in the wake of the mounting blames on poor audits and in particular IT audits, as an association we are going to investigate individual auditors and recommend that they are struck off their title should they be found culpable. Further we are going to work with CBK to enforce that all IT/System auditors must be fully certified and also be in good standing with professional bodies ICPAK, ISACA & others.
By holding individuals accountable will help eliminate instances of collusion and professional negligence in performance of IT/System Audits and give shareholders and the regulator a true reflection of their financial institutions.
Your views and suggestions are welcome.
regards,
Paul Roy Owino.ISACA President.



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