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In this month's newsletter:

Latest BarnOwl Insight

There are not many times when you can start an article 13.8 billion years ago, but that is when time started. Cosmologists generally agree that this is when the universe started in the Big Bang and therefore when time began.

 

Time is an incredibly difficult concept to comprehend – it is invisible and intangible, however it is so important that without it we would not be able to do anything at all. It is strange to think that time rules our lives yet can give us a headache when we try to make sense of it.

BarnOwl Info Sharing Insight

Thank you very much Stephen and Scott for your most informative presentation on ‘Mastering Risk and Control-Based Auditing (part #2 on Audit Execution)’ at the BarnOwl info-sharing event held on 27th June 2024. Thank you too, to all those who attended the session.

 

Through practical examples and insightful discussions, Stephen showcases how a risk-based approach can transform your audits from mundane tasks to strategic drivers of organisational success.

 

Is your internal audit team grappling with audit fatigue? Are your audit stakeholders feeling disconnected or frustrated due to prolonged audit processes yielding minimal relevance?

BarnOwl Spotlight Session Insight

We had an excellent turnout at our spotlight session on the 25th July 2024 on BarnOwl V11 Key Indicators. Thank you very much to everyone who joined the Spotlight session.

 

Key Indicators (KIs) are metrics used by organisations to provide an early warning of increasing risk exposures in various areas of an enterprise.

 

BarnOwl enables you to define key indicators (KIs) with targets & thresholds at every level of your organisation. BarnOwl provides all KI owners with access to the BarnOwl portal (intranet) to view and capture their KI values (unlimited free license).

Upcoming BarnOwl Spotlight Session 

BarnOwl invites you to our upcoming Spotlight Session where we will demonstrate how to get the most out the BarnOwl Incident Management module.  

 

The BarnOwl Incident Management module, enables you to create any type of incident register such as loss events, health & safety, tip offs, findings, gifts, forensics, complaints, fruitless and wasteful expenditure, irregular expenditure, lessons learnt, contracts etc.

 

Facilitator: Lizelle Fourie

Date: 29th August 2024

Session: 09h00 - 10h30

Cost: Free
Venue: Complete the booking form here to receive the online Team link

BarnOwl Tip of the Month 

Did you know?

Combined assurance is an integrated approach to assurance activities within an organisation. It involves collaboration and coordination among various assurance providers to ensure that risks are effectively managed and that the organisation achieves its objectives.

 

King IV states that a Combined Assurance Model incorporates and optimises all assurance services and functions to enable an effective control environment that support the integrity of information used for decision making by management, the governing body and its committees; and supports the integrity of the organisation’s external reports.

 

Implementing combined assurance in line with King IV principles helps organisations achieve better governance outcomes, manage risks more effectively, and create sustainable value for stakeholders.