A Practical Approach to Internal Auditing
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A Practical Approach to Internal Auditing

A Practical Approach to Internal Auditing


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About the Book

Table of Contents:
IntroductionSection One: the Principles of auditing; THE NATURE AND CONTRIBUTION OF INTERNAL AUDIT- The undervalued and misunderstood asset- The global dimension; Universal principles; Local application- Role of IA; Definition, inc IIA ; Reason for existence; Role, objectives, responsibilities; Influences; Duties, rights, opportunities; What do auditors do?; Comparison with external audit, compliance and inspection functions etc- Contribution; Potential value and benefits; Driving forces; Boundaries; Impact in practice; Success stories (case studies, eg Worldcom); Famous internal auditors- Making it work; Achieving success; IA failures (eg Allfirst/AIB)- Fundamental principles; Independence & objectivity; Authority; Professionalism and due care; Proficiency; Scope of work; Approach; Discipline; Working with others; Underpinning concepts; risk, control .; Etc- Standards; IIA; Sector-specific, eg Basel Principles; Country-specific; In-house; Ethics; Ethical principles for auditors; Codes of ethics- Development of IA; Traditional approach; Conventional auditing; Leading edge auditing; Off-the-edge auditing- Misconceptions about internal audit; Principles, pronouncements, perceptions, practices; Non-audit tasks; Image problems; Relationship with other review and assurance services- The scope of work; Business activities and processes; Business concerns, issues, risks; Locations and responsibilities; Levels of audit work; Timing: past, present, future; Management functions- Dealing with jargon; Audit terminology; ESTABLISHING AND DEVELOPING AN INTERNAL AUDIT SERVICE- Requirements for IA; Statutory, regulatory basis; Expectations: corporate governance ; Organisational decision- Phases of establishing, maintaining and improving and IA unit; Overview- Means of providing the service: ; In-house; External provision, partnerships- Essential conditions; Support; Resources; etc- Establishing the function; Making the decision; Deciding basic arrangements; Staffing issues; Terms of reference/charter; Development plans- Organising the function; Reporting lines; Relationship with board, audit committee etc; THE INTERNAL AUDIT ENVIRONMENT- Nature and significance- Current events and concerns- Scandals and failures- Corporate governance initiatives- Internal environment: Board responsibilities, Audit committees, control environment etc; STAFFING, TRAINING AND PERSONAL DEVELOPMENT- What makes a good auditor?; Qualities and skills; Competences: CFIA; Qualifications- Staffing options; Multi-disciplinary nature; Categories of staff; Sources; Specialists; Innovative approaches: co-auditing and virtual auditing- Training and development; Forms and methods; Professional training; Continuing education; Personal development plans; PERFORMING THE WORK- Audit approaches; Transactions-based; Systems-and risk-based; Investigative; Other- Strategic planning; Basis: organisational objectives, plans and risks; Devising the plan: stages; Consultation and agree.


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Product Details
  • ISBN-13: 9780406966537
  • Publisher: Lexisnexis UK
  • Publisher Imprint: Tolley
  • ISBN-10: 0406966532
  • Publisher Date: 31 Jan 2004
  • Binding: Paperback


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