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In this month's newsletter:

Latest BarnOwl Insight

One thing that I am sure everybody would agree with, is the need to strengthen and grow the South African economy. Economic growth benefits everyone from alleviating poverty and enhancing quality of life to boosting business activity and strengthening global competitiveness.

 

In addition, increased tax revenue would allow government to invest in infrastructure, healthcare and education without the need for excessive borrowing to finance such projects.

Upcoming BarnOwl Info Sharing Session

• The Problem We’re Addressing
  Business is about taking risk for reward. If no risk is taken, one cannot expect to be better off in the future, to be successful, to flourish, to thrive.
  
  By rethinking how uncertainty is framed, leaders can transform potential disruptions into opportunities for thriving in a dynamic environment.
  
  
• What This Session Will Cover
  Whereas traditional risk management often focuses on minimizing risk, this session explores a proactive, resilience-driven approach to risk, where organizations move beyond mere risk avoidance, and embrace adaptability to uncertainty as a core competency.
  
  Rooted in the principles of Enterprise Risk Management (ERM), this perspective integrates resilience, business continuity, and decision-making into a holistic framework that drives sustainable success.
  
  
• What Attendees Will Gain
  Attendees will gain insight into not only managing through uncertainty to achieve objectives and positive outcomes, but also into leveraging uncertainty as a mechanism to thrive in business and life.

 

Speaker: Martinus Biemond

Date: 31 July 2025

Session: 09h00 - 10h00

Cost: Free

Venue: Complete the booking for here to receive the online Teams link

Spotlight Session Insight

Thank you very much to everyone who joined the BarnOwl Spotlight Session: Harnessing the BarnOwl Web Open License to embed GRC in your organisation on 26th June 2025.

 

GRC (Governance, Risk, Compliance and Assurance) adds value by helping organisations align business objectives with risk management and regulatory requirements. It creates a structured approach to managing risks, ensuring compliance, and promoting ethical behaviour, all while improving decision-making, efficiency, and accountability.

 

By integrating GRC, organisations can reduce operational surprises, avoid costly penalties, protect their reputation, and build stakeholder trust.

 

BarnOwl GRC assists with the enablement of GRC by providing an integrated platform, which streamlines governance, risk management, compliance and assurance processes, enabling better visibility, accountability, and informed decision-making across the organisation.

Info Sharing Insight

Thank you very much Anastacia for your excellent presentation on ‘Global Internal Audit Standards 2024 – Key changes to note’ at the BarnOwl info-sharing event held on 28th May 2025. Thank you to all those who attended the session.

 

Structural Changes include:

• New Framework: 5 Domains, 15 Principles, and 52 Standards.
• Includes requirements, implementation considerations, and evidence of conformance.
• New features: Topical Requirements, Public Sector Application Guide, Glossary, and Fundamentals section.

BarnOwl Tip of the Month

Did you know?

 

BarnOwl provides a free web-based portal which is accessible to ALL users (within your organisation) to respond to their GRC related tasks. Tasks include:

• Updating action plans
• Completing risk & control self-assessments (RCSAs)
• Completing surveys / checklists and questionnaires
• Capturing key indicator input values
• Monitoring and capturing management comments on Audit Findings