Auditing

Mr.S. Prabhu is an excellent Auditor, not only an Auditor but also an excellent Accountant. He enjoys the Auditing profession not merely as a fault-finding mechanism or a financial policing, but as a discipline that can add value, create value, even sometimes become a force multiplier in enhancing the entities’ / organisation’s functionality. He is specialized in Audit, Internal Audit, Management Audit, Statutory Audit, Information Systems Audit and Government Auditing. He is one among the pioneer who pioneered the Performance Auditing when the Comptroller and Auditor General of India revised the Performance Auditing guidelines. His contributions are well known. He has also has a deep understanding of Social Audit. He has been interacting with various forums, National Academy of Audit and Accounts, Shimla; International Centre for Information System Audit, Noida; Bangalore International Centre; Karnataka IT BITS; Information Security Summit, Karnataka; ISACA, Bangalore Chapter and National Chapter and CIA, Delhi Chapter and various other educational and learning centres and institutions and public forums. Recently, he has interacted with members who were involved in Bank through IDBRT and ISACA Chapter on CobIT -5 on Information Security and its Audit. This enabled him to enjoy the Audit as a recital of Veena.

In his opinion, without audit there would be no accountability, without accountability control cannot be established. Public Audit is an important link in enforcing accountability. Accountability should bring transparency and openness of decisions and free flow of information. Hence, the Audit should bring public accountability within the organizations / authorities by providing appropriate Accounts and validating its reporting for its fairness and completeness.

In order to achieve public accountability in its entirety, the Audit – be it a statistical analysis or an expose of a grave irregularity or an incisive evaluation of a complex project or a scheme– must bear the twin stamps of "INCONTROVERTIBILITY OF FACTS AND CREDIBILITY OF FINDINGS."

Traditionally Audit reports should be beyond reproach-correct on facts and right on findings. Audit can aspire to influence the governance process and even public policy for the better, by relentless pursuit of excellence in writing its reports. Audit working should be well-crafted for nearing that goal. Right tools with the cutting edge and well developed skills aid in crafting audit, as a discipline that seeks to judge diverse activities and in making the practitioners versatile. The craft of audit can be developed, imparted, practised and upgraded by constant endeavours for Good Governance and Public Accountability in its supremacy. The scope for innovation is unlimited.