Audit institutions are faced with limitations of skills innovation to produce a modern auditor required by all sectors of the economy. Private sectors and other public organisations need an expert auditor of an outstanding magnitude or caliber. One who is in a one center audit shop found in an individual? These are just a few globally. PAI comes with this mission to fulfill. Notwithstanding, we don’t see any change in the dynamics surrounding the auditor around and far from this location. If you are outstanding, then you are most honored and miraculous.

Auditing is challenged by overwhelming problems found in organisations ranging from governance structures( structures are engines to steer organizations’ successful performance) are the main contributors  that drive failures in most of these corporations and government entities such as Enron, Lehman Brothers, BCCI  and so on.

Management of Finance in private and public sector organisations are pronounced unskillfully but with greed have instead of being loyal to their profession, accept to be duped by clients and those favored to manage them or become pendant firms to continue as perennial external auditors. For instance, those in positions of authority relegate duties and posit opportunistic syndromes of passion to remain stagnant and not innovative to manage for instance their oversight mandate’ of public state owned enterprises have led to some of them to either be sold off or private public partnerships deeds have emerged. Mainly, state owned enterprises perform poorly because such institutions depict that deposit government bailouts remain downtrodden with poor management. In addition to getting orders from above on policy segments, end up failing. There are many of such entities globally. For instance, international corporates such as the railways in UK are struggling with management as it is more SOEs in the UK, ESKOM, SAA and SABC are being bailed out by governments. Worse still, local governments do not even perform better but end up returning unutilized funds back to government treasury. They attribute this to lack of absorption capacity which shows thirst for leadership.  Also, the blame goes on to problematize critical thinking that is lacking in the top management that alley blames to auditors who are meant to be advisory gurus to be as external auditors must do bookkeeping, budgeting and give audit opinion for financial reporting assertions.  “Could this be audit risk or not?”

Poor business managers have ended up being jailed for depicting bad management and or stealing funds or their excuses point to organisations losing funds and post loss of profits. Poor management budgets and projects due to cost overruns yet auditors can neither stop nor participate in budget formulation therefore are not able to stop frauds that are engulfed in during budget formulation and approvals.

 The problem of poor tax collection from a thin tax base in some low developed countries or developing countries has constrained the performance of services and have caused drought in terms of skills base to control funds and gaps in audit base becomes indelible. Moreover, the problem of digitization confronts the technology change in business models for compliances delved in cloud accounting and audit. Cloud auditing especially in tax audit is a stint in the process for many auditors.

 The problem of managing risks in all sectors of an economy has led to institutional failures in a complex environment. Therefore, the ever growing problem of environment, health and security pose a greater canister of un attended would be assignments to provoke an expert audit skills process.

 The risk of human demeaning audit behavior and greed has led to growing numbers of unethical society lingering about audit service delivery. In a way, in terms of Risks: these are not in the least devoted part of any business affecting operations and activities but auditors are challenged by these clients who don’t have risk management policies in their organisations have made audit work very difficult (refer to any audit reports together anywhere in the world leave a lot to be desired). These operational gaps are fundamental because porous frameworks drive losses and attract poor firm performance.

Increasing challenges of IT especially software development and the dynamics of control failures pose threats to both audit and organisations a like. It has led to greater accolades of threats to financial and or general performance of firms due to exclusive complex hackers’ threads into information profiles of government data. At large, a lot of industrial espionage go un fettered in many competitive corporate organisations including software developers themselves who are facing hackers’ clout. Thus why IPod would post that in case someone hacks into their business would earn a soft prize. But their target is to see if they control hackers or to stop those who can access their data and information. New check points could be developed in that respect by engaging the hackers themselves on attractive salaries to possibly control.

 The problem of lack or inadequate skills empowerment is the major source of business or organisations failure. At top management level might at least lack focus or skills to manage that attention therefore, auditing has remained basic and static with little innovative demand driven into new audit approaches such as digital cloud auditing, auditing at the MARS, name it. Increases in new audit architects pronounce little appetite for new audit agenda.

Audit skills have dwindled if not many auditors just train on the job such that delays are common in completion of audit assignments. Many audit skills nowadays require an IT pronounced and empowered and well prepared enough auditor for all seasons to perform various audit activities. Whoever does not stand the test of time as an expert auditor under the complex circumstances, that auditor will not be relevant any more unless endures and completes new audit programs such those at (PAI, Institute). Implying that audit reports and poor communication, leads to pallet information distortion and derails investor information needs for decision making particularly on organisations listed on stock exchange markets or financial markets. Audit universe require a full scope audit tools to bail out audit risks and enterprise wide risks with similar language of tastes applicable to all auditors anywhere in the world.

Auditors are faced with facts of poor records of skills performance leading to frequent litigations and compensations. Not being able to identify offbook investments and many nondisclosures all take auditors to shame. Communication is poorly identified at board levels for performance improvements but such communication is poorly relayed to all stakeholders. This implies that there is lack of shared skills between oversight committees of the board and other stakeholders.

 Too media reports depict poorly threats of broadband and clouds record keeping and controls. UTMOST, who audits, controls cloud records and backups? Is this not a challenge to retrieve data and information enough to support the objective audit report?

Auditors are framed to understand to be solving all advisory problems and report objectively on matters of concern but it has remained obscured. As auditors’ confidence slopes, there must be an argent surgical apparatus to rejuvenate the client audit confidence we deserve.  Few auditors understand why continuing professional development is a requirement. Some just take it easy yet it is all meant to update you with outstanding problem solving experience related networking with peers. Solemnly, many auditors would need to update their skills so that they can compete properly in the results oriented job market and stop short of being excluded in the next assignment or dropped out constructively.

Besides audit litigation is on the increase of-course, due to inadequate human audit skills that impact firm performance yet the situation is that audits are feared to be mismanaging audit projects. In all other spheres of controls, every spectrum of business of civic sectors demands the hand of a professional auditor. Based on the few above captions if deeply investigated could reveal a Pandora box of a host of all sorts of problematic vendetta ugly full of tons of worms that can be costly to the vindicated.

PAI’s outstanding demand from the big four audit/accountancy firms is that they should rethink their assignments either to go consultancy or go skillful auditing. Majorly, auditing is a calling for one to resolve to perform beyond normal standards to behave ethically and prudent in audit reporting. I understand that many apply journalistic communication which is even though not bad, is a conjecture without facts. Auditors have built a name whose legacy must not be derailed. At, do believe that the post graduate audit training is one area to demise the status quo we see regularly.

Auditors around the world cannot survive the tempos of emerging technologies. And to make perfect auditors at work presupposes that an auditor without the demand for greater all-round audit skills is a cost to the client and his employer therefore to be skilled one should not only attend CPD programs but listen to the lackluster of well enough weather beaten skillful auditor we no longer deserve to be.

There are of course varying problems globally that affect the auditor and are not supported in peer audit training institutions and professional bodies.  That is self-intuition is the major fallacy absent. That is why we are there to bridge the gap for you at (PAI) programs. It may be now time to think of alternative audit training strategy and mechanism to deliver audit practice from the current quagmire. So what? So, PAI has advocated for a consolidation of audit certification with the application of similar but improved skills empowerment not to have a swamp of auditors. We come to believe with others globally that auditors have a feature. This feature is potential and exclusive to benefit from the accounting reform.

Also, big audit firms seem to have shifted their attention to auditing say big tax payers such as fortune 500. For those caught up in the middle of the status quo, save for the well performing companies in third world countries are not posting good returns conjecture. When you focus attention on only big corporates because they won’t fail to pay, you witness a lot of litigation profiled around big four audit firms with small audit firms who go for small enterprises also face the mantle of debuts to end due to little incomes. This scenario is live leaving out the quantity of auditees who sometimes pay little of don’t pay audit fees and end up left out to benefit from the wide expertise of big four audit firms. So who is going to audit the medium to small enterprises who may make up the biggest potential tax payers!




We should give much more respect to major audit firms that have kept good auditing ongoing and have also given auditing focus to remain professionally respected the world over.

However, the audit design of PPA meets this new audit training programs.  Government regulators and economic planners in a similar vein express reforms on a winning note to take place in capacity building. Moreover, government aims to jack up its spending and controls structure with a view that professional auditors are on board to take on the audit assignments skillfully. The obsession for developing the audit expertise is growing with passion to deliver on their mandate. At PAI we create a big value in audit practice for real value for money for all stakeholders. These are painful realities the accountancy fraternity faces. This is by accepting to make un-ethical decisions in a commercial world to benefit the auditor and the audited and end up into tax costs or legal battles surface. Yet your firm customers are your fuel to grow and are the reasons you are an auditor. We train auditors to audit properly and to support all our customers to help remove their inefficiency. Auditors have done nothing wrong to be ignored but we have done something right to attract further skills for a modern auditor. We prepare you to attain proper audit skills at a post graduate level and to become well above competitive expert auditors targeting highest points in salary/wage earnings.

Auditors and accountants are being looked at as a cost to organisations who front them as employees without value addition. For instance, with the coming into perspective of accounting and audit software and others, audit and accounts staffs are considered to be soon irrelevant simply because we as auditors are not showing to the investors why we exist and how we can add value to them??

Internal controls to ensure correct financial reporting in organisations have been asymmetrically ignored leading to fraud especially where Auditors have been drafted not to report on poor internal controls.  On the other hand, Auditors are also told to avoid being closer to the clients for reasons of being critical of their clients’ performances. In view of this, Auditors fear to assert on the poor performance of their clients or else they lose clients and lose staff and can easily face the law for not reporting correctly on statutory requirements. By so doing, they end up asking or charging low audit fees and also it may affect auditors and audit firms operational costs to be high and can lead to firm closure.

Clients including governments see auditing and accounting as a luxury. Why? At annual general meetings the committees will read financial audit reports and it is only for the few investors who could understand the balance sheet and the performances. In developing world, we need help of all sorts to bring about professionalism in ethical auditing and shared skills at the top management’s levels. Unless firms style up and take auditing as one stop center to give the client the noose they want transparently, they are doomed to be swallowed in tsunami waves to digitization.

Because of fear of losing clients, auditors dance to the tune of their clients leading to poor financial reporting and producing reports that are not prudent and asymmetrical. Because of these fallacy auditors are found jailed for their negligence. Low growth rate in companies could be revealed among the auditee’ financial performance such as declaring dividends and listing on financial markets involvement dwindle.

Auditors design programs that avoid critical look at or examination of activities to prevent disclosure of fraud and asymmetrical data on financial reports that impinge on tax revelation. Imagine dormant accounts or accounts that poorly serviced may indicate the dynamics of a sick economy where by community thrift savings and or disposable households’ income don’t go together but they throw light to where fraudsters can manipulate as conduits to money laundering or hacking. To close them is better but a bank might never get back a genuine customer! Is an expert auditor’s service also relevant and can be of any help.

Although already mentioned above is a problem of cyber data security which is a condition threatened by 80% of global audit fraternity who cannot be absorbed skillfully because they are faced with challenges of controlling cyber space in terms of cloud accounting.

Therefore, your company does not need rainmakers but it needs better positioning that employs the PPA. The PPA is everything that every auditor‘s choice is to become PPA. Moreover, before you relate to be in good financial health, the motivational advice is that you become an embracing rejoinder of the PAI programs and certification.

Audit confidence must stand out to accept criticism and learn from any professional audit pundit criticisms and accept the peers’ opinion. Opinions from other oversight professional organisations whilst in compliance with the auditing and accounting standards such as IFRS,IAS to be specific and to be generally applied  is a must go condition for an expert public auditor to prevail on clients confidence. Now you now the right thing, take the next step without delay and register to become a PPA.

Richard Bernard Gudoi Gid’Agui CIA, CFE, CFSA, CGFM, CMIIA-UK, MSc. Audit (BCU), MBA.

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