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Collection of Good Reads

Articles and blogposts on Internal Auditing, Accounting, Governance, Risk and Compliance for professionals working in the similar field or students/ scholars desiring to start their career or enhance knowledge.

The Impact of Artificial Intelligence (AI) on Order-to-Cash (O2C) Processes in 2025

The Impact of Artificial Intelligence on Order-to-Cash Processes in 2025

Introduction The Order-to-Cash (O2C) process is a critical component of business finance, encompassing everything from order management and invoicing to payment collection and dispute resolution.

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March 13, 2025
Understanding business processes in procurement to pay cycle

The “Procurement to Pay” (P2P) Process in an Organization: An Ideal Scenario

The Procurement to Pay (P2P) process is essential for organizations to acquire goods and services efficiently while maintaining compliance and minimizing risks. This guide covers each sub-process, including requisitioning, supplier selection, invoice processing, and payment execution. Explore key controls, risks, required documentation, and how P2P differs across industries.

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February 27, 2025
[IFRS 15] Contract Assets & Liabilities A Decision Tree Approach

Contract Assets and Contract Liabilities – Decision Tree Concept as per IFRS 15: A Guide for Internal Auditors

Understanding contract assets and contract liabilities is crucial for IFRS 15 compliance. This comprehensive guide explains their differences, provides a decision tree approach for classification, and includes practical examples to ensure accurate revenue recognition.

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February 26, 2025
Contract Modifications and Revenue Recognition IFRS 15 Audit Strategies for Internal Auditors

Contract Modifications and Revenue Recognition: IFRS 15 Audit Strategies for Internal Auditors

For internal auditors on IFRS 15 wherein contract modifications are happening, it is essential to consider checks and internal control review to handle revenue adjustments, price changes, and bundled contracts.

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February 26, 2025
Auditing E-Commerce Revenue Streams Under IFRS 15 A Practical Guide for Internal Auditors

Auditing E-Commerce Revenue Streams Under IFRS 15: A Practical Guide for Internal Auditors

E-commerce revenue audits require specialized knowledge of IFRS 15. This guide provides practical strategies for internal auditors to ensure compliance and detect revenue risks.

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February 24, 2025
Cognitive GRC - How AI is enhancing Governance, Risk and Compliance Strategies

The Cognitive GRC Revolution: How AI is Enhancing Governance, Risk, and Compliance Strategies

AI is reshaping Governance, Risk, and Compliance (GRC) by automating compliance tracking, risk prediction, and governance decision-making. Explore real-world applications, future trends, and ethical considerations of AI in GRC.

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February 24, 2025
Building Resilience in Internal Audit - Changing Business Landscape blogpost

Building Resilience in Internal Audit: Key Strategies for a Changing Business Landscape

Resilient internal audit functions enhance risk management, cybersecurity, and compliance in a dynamic business environment. Explore key strategies, real-world examples, and challenges in strengthening internal audit resilience.

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February 20, 2025
Embracing Future of AI Driven Auditing and Risk Management with Internal Audit 4.0 - Blogpost by Govarix

The Future of Internal Audit: Embracing Innovation with Internal Audit 4.0

Internal Audit 4.0 marks a shift towards AI-driven, automated, and data-powered auditing. Explore its evolution, key technologies like AI and blockchain, real-world applications, and challenges in implementation.

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February 19, 2025
Embracing Artificial Intelligence in Governance, Risk and Compliance - Blogpost

Embracing AI in GRC: Why Businesses Must Adapt to the AI-Powered Compliance Landscape

AI is reshaping Governance, Risk, and Compliance (GRC), offering smarter compliance tracking, risk prediction, and governance automation. This blog explores AI-powered compliance tools, real-world examples, and the future of AI-driven risk management.

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February 19, 2025
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