Covid 19, Risk
Omodele Jones
Part 6 - Mitigation - The Gambian View from ...

This is Part 6 of a 9 part series of 4 min interviews with Corporate Leaders on the COVID 19 experience of Corporate Africa. Part 6 interviews Lamin Manjang, the Group CEO for West Africa operations of Standard Chartered Bank. His previous assignments with the Bank recently included a stint as Group CEO of the Bank's East Africa operations.

In Part 6, Lamin responds to the second of three questions:

"How well did Corporate Africa mitigate the risks of the COVID 19 pandemic? What lessons have been learnt?".

Part 6 - Mitigation - The Gambian View from Nigeria: COVID 19 & Corporate Africa
Covid 19, Risk
Omodele Jones
Part 5 - Mitigation - The View from Eastern ...

This is Part 5 of a 9 part series of 4 min interviews with Corporate Leaders on the COVID 19 experience of Corporate Africa. Part 5 sees the return for a second question of Stanley Tsikirayi, a highly experienced governance practitioner who serves on Boards in Eastern & Southern Africa.

Part 5 - Mitigation - The View from Eastern & Southern Africa: COVID 19 & Corporate Africa
Covid 19, Risk, Corporate Governance
Omodele Jones
Part 4 - The West African View from Ghana: ...

This is Part 4 of a 9 part series of 4 min interviews with Corporate Leaders on the COVID 19 experience of Corporate Africa. Part 4 interviews Sadia Chinery-Hesse, Group Head, Legal & Company Secretary, Enterprise Group West Africa. Enterprise are an insurance company headquartered in Ghana, with operations in Nigeria and The Gambia.

Part 4 - The West African View from Ghana: COVID 19: The Experience of Corporate Africa
Risk, Covid 19, Corporate Governance
Omodele Jones
Part 3 - The Pan-African View from Nigeria: ...

This is Part 3 of a 9 part series of 4 min interviews with Corporate Leaders on the COVID 19 experience of Corporate Africa. Part 3 interviews Mr Lamin Manjang, the Group CEO for West Africa operations of Standard Chartered Bank. His previous assignments with the bank recently included a stint as Group CEO of the bank's East Africa operations. In Part 3, Lamin responds to the first of three questions: "In the African context, how foreseeable was a pandemic?".

Part 3 - The Pan-African View from Nigeria: COVID 19: The Experience of Corporate Africa
Omodele Jones
Part 2 - COVID 19: The Experience of Corporate ...

Part 2 of a 9 part series of interviews with corporate leaders on the experience of Corporate Africa with COVID 19

Part 2 - COVID 19: The Experience of Corporate Africa

audit

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Reinforcing the key role of accountants and auditors in delivering the lubricant of trust to national and global economic engines.

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Reinforcing the role of accountants and auditors in delivering the lubricant of trust to national and global economic engines.

"The International Ethics Standards Board for Accountants (IESBA) TODAY released revisions to the International Code of Ethics for Professional Accountants (including International Independence Standards) (the Code) to better promote the role and mindset expected of all professional accountants.

The revisions explicitly recognize that the accountancy profession is entrusted with public confidence in the wide-ranging roles it plays in society and that such confidence is based on the skills and values it brings to its professional activities. Importantly, they reaffirm the profession’s responsibility to act in the public interest and the fundamental role of the Code in meeting that responsibility.

Among other matters, the revisions:

Reinforce aspects of the principles of integrity, objectivity and professional behavior;

Raise behavioral expectations of all professional accountants through requiring them to have an inquiring mind as they undertake their professional activities;

Emphasize the importance of accountants being aware of the potential influence of bias in their judgments and decisions; and

Highlight the supportive role the right organizational culture can play in promoting ethical conduct and business..."

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New Article from the IAASB

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"The publication assists auditors in understanding whether a procedure involving automated tools and techniques may be both a risk assessment procedure and a further audit procedure. It also provides specific considerations when using automated tools and techniques in performing substantive analytical procedures in accordance with International Standard on Auditing 520, Analytical Procedures..."

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Audit Committee good practices during covid19

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Reflections on observed boards of directors Audit Committee good practices during covid 19.

Worthwhile video from Center for Audit Quality. Key takeaways: -need for regular stress testing via modelling and scenario analyses to ensure adequate liquidity, hardnosed capex management, pruning of variable and discretionary costs.

-timely reviews of any fundamental shifts in market prospects and their implications.

-awareness of elevated value-chain exposure to cybersecurity risks and deployment of countermeasures backed by proactive communications.

-need for elevated and sustained committee communications with auditors

-assessment of effect of remote meetings on quality of committee oversight.

-assuring effective review and response to rapidly evolving enterprise risks.

-elevated and sustained communications with internal and external stakeholders and not just shareholders.

-remaining vigilant on COVID threat: it ain't over till it's over!

-staying true to longer term objectives and preparing for life after the crisis.