The Essential Guide to Internal Auditing / Edition 2

The Essential Guide to Internal Auditing / Edition 2

by K. H. Spencer Pickett
     
 

ISBN-10: 0470746939

ISBN-13: 9780470746936

Pub. Date: 06/15/2011

Publisher: Wiley

The Second Edition of The Essential Guide to Internal Auditing is a condensed version of the Handbook of Internal Auditing, Third Edition. It shows internal auditors and students in the field how to understand the audit context and how this context fits into the wider corporate agenda. The new context is set firmly within the corporate governance,

…  See more details below

Overview

The Second Edition of The Essential Guide to Internal Auditing is a condensed version of the Handbook of Internal Auditing, Third Edition. It shows internal auditors and students in the field how to understand the audit context and how this context fits into the wider corporate agenda. The new context is set firmly within the corporate governance, risk management, and internal control arena. The new edition includes expanded coverage on risk management and is updated throughout to reflect the new IIA standards and current practice advisories. It also includes many helpful models, practical guidance and checklists.

Product Details

ISBN-13:
9780470746936
Publisher:
Wiley
Publication date:
06/15/2011
Series:
IIA Series
Edition description:
New Edition
Pages:
380
Sales rank:
1,015,923
Product dimensions:
6.60(w) x 9.50(h) x 0.90(d)

Related Subjects

Table of Contents

List of Abbreviations.

1 Introduction.

Introduction.

1.1 Reasoning behind the Book.

1.2 The IIA Standards and Links to the Book.

1.3 How to Navigate around the Book.

1.4 The Essential Guide as a Development Tool.

1.5 The Development of Internal Auditing.

Summary and Conclusions.

Endnotes.

2 Corporate Governance Perspectives.

Introduction.

2.1 The Agency Model.

2.2 Corporate Ethics and Accountability.

2.3 International Scandals and Their Impact.

2.4 Models of Corporate Governance.

2.5 The Institute of Internal Auditors.

2.6 The External Audit.

2.7 The Audit Committee.

2.8 Internal Audit.

2.9 The Link to Risk Management and Internal Control.

2.10 Reporting on Governance, Risk and Internal Controls.

2.11 New Developments.

Summary and Conclusions.

Endnotes.

3 Managing Risk.

Introduction.

3.1 What is Risk?

3.2 The Risk Challenge.

3.3 Risk Management Process.

3.4 Mitigation through Controls.

3.5 Risk Registers and Appetites.

3.6 The Risk Policy.

3.7 Enterprise-Wide Risk Management.

3.8 Control Self-Assessment.

3.9 Embedding Risk Management.

3.10 The Internal Audit Role in Risk Management.

3.11 New Developments.

Summary and Conclusions.

Endnotes.

4 Internal Controls.

Introduction.

4.1 Why Controls?

4.2 Control Framework – COSO.

4.3 Control Framework – CoCo.

4.4 Other Control Models.

4.5 Links to Risk Management.

4.6 Control Mechanisms.

4.7 Importance of Procedures.

4.8 Integrating Controls.

4.9 The Fallacy of Perfection.

4.10 The Complete Control Model.

4.11 New Developments.

Summary and Conclusions.

Endnotes.

5 The Internal Audit Role.

Introduction.

5.1 Defining Internal Audit.

5.2 The Four Main Elements.

5.3 The Audit Charter.

5.4 Audit Services.

5.5 Independence.

5.6 Audit Ethics.

5.7 Police Officer versus Consultant.

5.8 Managing Expectations through Web Design.

5.9 Audit Competencies.

5.10 Training and Development.

5.11 New Developments.

Summary and Conclusions.

Endnotes.

6 Professionalism.

Introduction.

6.1 Audit Professionalism.

6.2 Internal Auditing Standards.

6.3 Due Professional Care.

6.4 Professional Consulting Services.

6.5 The Quality Concept.

6.6 Supervision.

6.7 Internal Review.

6.8 External Reviews.

6.9 Marketing the Audit Role.

6.10 Creating the Audit Image.

6.11 New Developments.

Summary and Conclusions.

Endnotes.

7 The Audit Approach.

Introduction.

7.1 The Risk-Based Systems Approach.

7.2 Control Risk Self-Assessment (CRSA).

7.3 The CRSA Process.

7.4 Integrating Self-Assessment and Audit.

7.5 Fraud Investigations.

7.6 Information Systems Auditing.

7.7 Compliance.

7.8 Value for Money (VFM).

7.9 The Consulting Approach.

7.10 The ‘Right’ Structure.

7.11 New Developments.

Summary and Conclusions.

Endnotes.

8 Setting an Audit Strategy.

Introduction.

8.1 Risk-Based Strategic Planning.

8.2 Resourcing the Strategy.

8.3 Managing Performance.

8.4 The Auditor Appraisal Scheme.

8.5 Methods of Staff Appraisal.

8.6 The Audit Manual.

8.7 Time Monitoring System.

8.8 Audit Planning Process.

8.9 The Annual Audit Plan.

8.10 The Quarterly Audit Plan.

8.11 New Developments.

Summary and Conclusions.

Endnotes.

9 Audit Fieldwork.

Introduction.

9.1 Planning the Audit.

9.2 Interviewing Skills.

9.3 Ascertaining the System.

9.4 Evaluation.

9.5 Testing Strategies.

9.6 Evidence and Working Papers.

9.7 Statistical Sampling.

9.8 Audit Testing and Statistical Sampling.

9.9 Reporting Results of the Audit.

9.10 Structuring the Audit Report.

9.11 Audit Committee Reporting.

9.12 New Developments.

Summary and Conclusions.

Endnotes.

10 Meeting the Challenge.

Introduction.

10.1 The New Dimensions of Internal Auditing.

10.2 The Audit Reputation.

10.3 Globalization.

10.4 Providing Audit Assurances.

10.5 Meeting the Challenge.

Summary and Conclusions.

Endnotes.

Appendix A Auditing the Risk Management Process: A Case Study.

Index.

Read More

Customer Reviews

Average Review:

Write a Review

and post it to your social network

     

Most Helpful Customer Reviews

See all customer reviews >