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IFIS TEAM

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  • Author: IFIS TEAM

Why employees ignore anti-fraud policies: The policy was signed, but the shortcut ran the company

  • Posted by IFIS TEAM
  • Date August 13, 2026

At 7:42 Tuesday morning in Kampala, an internal auditor opened a routine supplier-payment report and noticed something that looked too neat to be accidental. Eleven invoices, processed over four months, ranged between UGX 9.6 million and UGX 9.9 million. The …

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Why factories with modern machinery still underperform

  • Posted by IFIS TEAM
  • Date August 5, 2026

Why is your newest production line still missing targets while overtime, wastage, and customer complaints keep rising? During a leadership workshop at a manufacturing company, I ask the team to explain why a newly installed line is producing below capacity. …

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Why profitable banks still tolerate unproductive cultures

  • Posted by IFIS TEAM
  • Date August 5, 2026

A profitable bank with an unproductive culture is like a luxury bus descending a hill with weak brakes. The passengers admire the speed. The driver celebrates progress. Nobody asks whether the engine is creating momentum or gravity is doing the …

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Are We Auditing the Past While the Future Destroys the Business?

  • Posted by IFIS TEAM
  • Date July 29, 2026

I started my career at Nile Bank, before its acquisition by Barclays Bank, which was acquired by Absa. Nile Bank was moving from manual to digital banking. Files were becoming screens, ledgers were becoming systems and decisions that took days …

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The Audit plan can be perfect and still fail the business

  • Posted by IFIS TEAM
  • Date July 29, 2026

The last two weeks of July 2026 have been remarkable as I successfully delivered projects for two leading companies, one in Nigeria and another in Ethiopia. My career began in internal audit, working under Aguma Mpairwe, one of the most …

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The loan file that looked compliant

  • Posted by IFIS TEAM
  • Date July 22, 2026

The loan was approved for UGX 2.8 billion. The borrower was a trading company that claimed to supply construction materials across Uganda. Its file was impressive. The application form was complete. The financial statements carried an accountant’s stamp. The collateral …

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Mobile money is not informal money

  • Posted by IFIS TEAM
  • Date July 22, 2026

How investigators trace wallets, agents, SIM swaps, mule accounts and cash-out patterns A phone call at 9 a.m. from a managing director who had not called for the past two years is always interesting. “Mustapha, how are you? Indeed, you …

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The honest employee who became expensive

  • Posted by IFIS TEAM
  • Date July 8, 2026

The issue was not that money disappeared because money rarely disappears. It is moved by a person, through a system, under a control that looked alive but was already dead. In this case, a trusted accounts assistant in a Jinja-based …

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Why cybersecurity training doesn’t stick and what actually works

  • Posted by IFIS TEAM
  • Date July 8, 2026

It is Friday evening, when most people had already mentally left office and the few still online were pretending to finish what Monday would punish them for ignoring, a finance officer in a medium-sized organisation received a short instruction on …

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The screenshot is not the evidence

  • Posted by IFIS TEAM
  • Date July 1, 2026

At 7:42 a.m. on a Tuesday in Kampala, the finance manager of a mid-sized logistics company received a WhatsApp message from the managing director. “Release the supplier balance before 10 a.m. We shall regularise the documents later.” The instruction looked …

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