Mastering Internal Audit Fundamentals A Step-by-Step Approach

Mastering Internal Audit Fundamentals A Step-by-Step Approach
Author: SALIH AHMED ISLAM
Publisher: SALIH AHMED ISLAM
Total Pages: 34
Release: 2022-12-08
Genre: Business & Economics
ISBN:

Internal audit is a crucial function in any organisation, as it provides an independent and objective assessment of an organisation's internal controls, processes, and systems. Effective internal auditors possess a wide range of skills and knowledge, including risk assessment, internal control frameworks, data analytics, and communication. "Mastering Internal Audit Fundamentals: A Step by Step Approach" is a comprehensive guide to help aspiring and current internal auditors enhance their skills and knowledge. The book takes a step-by-step approach, starting with the fundamentals and building up to more advanced concepts. The book is written by Salih Ahmed Islam, an experienced internal auditor who have a deep understanding of the challenges and opportunities facing the profession. It provides practical insights and guidance on how to perform effective internal audits, including how to plan and execute audits, develop audit programs, and communicate audit findings. Whether you are new to the profession or a seasoned internal auditor, "Mastering Internal Audit Fundamentals: A Step by Step Approach" is an essential guide to help you succeed in your role. The book is designed to be a valuable resource that you can refer to throughout your career, providing you with the tools and knowledge you need to perform effective internal audits and add value to your organisation.

Leading the Internal Audit Function

Leading the Internal Audit Function
Author: Lynn Fountain
Publisher: CRC Press
Total Pages: 292
Release: 2016-04-05
Genre: Business & Economics
ISBN: 1498730434

While the Institute of Internal Auditors (IIA) has provided standards and guidelines for the practice of internal audit through the International Professional Practice Framework (IPPF), internal auditors and Chief Audit Executives (CAEs) continue to experience difficulties when attempting to balance the requirements of the IPPF with management expe

Brink's Modern Internal Auditing

Brink's Modern Internal Auditing
Author: Robert R. Moeller
Publisher: John Wiley & Sons
Total Pages: 1186
Release: 2009-04-15
Genre: Business & Economics
ISBN: 0470463872

Today's internal auditor is responsible for creating higher standards of professional conduct and for greater protection against inefficiency, misconduct, illegal activity, and fraud. Now completely revised and updated, Brink's Modern Internal Auditing, Seventh Edition is a comprehensive resource and reference book on the changing world of internal auditing, including new coverage of the role of the auditor and internal control. An invaluable resource for both the new and seasoned internal auditor, the Seventh Edition provides auditors with the body of knowledge needed in order to be effective.

Internal Auditing

Internal Auditing
Author: Richard Cascarino
Publisher: Juta and Company Ltd
Total Pages: 454
Release: 2007-04
Genre: Business & Economics
ISBN: 9780702172694

Book & CD. This book is designed primarily for undergraduate and postgraduate students intending to pursue a career in internal auditing, as well as those chartered accountants with a specialist interest in governance and control issues. This book covers the basic concepts, philosophy and principles underlying the practice of internal auditing -- the relationships between the internal auditor, management and the external auditor. In addition, the student will gain a knowledge and understanding of the nature of an organisation. Risk management and the role of internal auditing in managing organisational risks in the context of current developments in corporate governance in both the public and private sectors are dealt with. The book is now prescribed for those studying for the Certified Internal Auditor professional qualification since it addresses the syllabus requirements of the Institute of Internal Auditors (IIA) and the Standards for the Professional Practice of Internal Auditing and Competency Framework for Internal Auditors. This book represents a practical integrated approach to the Institute of Internal Auditors' recommended internal audit approach, and may be implemented within an internal audit department in a cost-effective manner. Accordingly, the text may be useful as a reference manual for internal audits in practice.

Continuous Auditing with AI in the Public Sector

Continuous Auditing with AI in the Public Sector
Author: Lourens J. Erasmus
Publisher: CRC Press
Total Pages: 232
Release: 2024-09-18
Genre: Business & Economics
ISBN: 104011430X

The effectiveness of internal audit activities is important for the sustainability of change in the public sector. In this sense, the tools and techniques used and the level of competencies of public sector auditors are decisive. This book deals with the effects of current technological developments in the public sector on auditing and risk management activities. Therefore, it is a resource for public internal auditors to create a digital audit strategy based on artificial intelligence (AI) and blockchain-based applications. Institutionalisation of their structures is important for public sector internal auditors. For this, basic requirements, future expectations, and best practices are explained. The digital business model is presented to produce value-added audit findings and outputs that guide public internal auditors and all digital-era stakeholders. This book is a pioneering work based on continuous auditing/continuous monitoring approaches using various AI and blockchain-based tools and techniques. There is nothing more valuable to the success of a public internal auditor than a detailed understanding of the business. The important lesson in developing business knowledge, especially in the new audit universe emerging with digital transformation, is that all auditors must understand that they never finish learning about business processes, risks, and control points in the digital era. They must constantly push themselves to be motivated and learn about the business operations they audit to implement new audit approaches powered by AI. In addition to obtaining up-to-date business information from process owners and stakeholders, public auditors responsible for conducting an AI-based continuous audit programme should also look inside their departments for a different perspective on business information that impacts continuous audit programme phase details and has the potential to add value. It should be noted that the additional source of information begins with your individual audit experience, digital skills, and qualifications.

Measuring and Communicating Security's Value

Measuring and Communicating Security's Value
Author: George Campbell
Publisher: Elsevier
Total Pages: 227
Release: 2015-03-28
Genre: Computers
ISBN: 0128028432

In corporate security today, while the topic of information technology (IT) security metrics has been extensively covered, there are too few knowledgeable contributions to the significantly larger field of global enterprise protection. Measuring and Communicating Security’s Value addresses this dearth of information by offering a collection of lessons learned and proven approaches to enterprise security management. Authored by George Campbell, emeritus faculty of the Security Executive Council and former chief security officer of Fidelity Investments, this book can be used in conjunction with Measures and Metrics in Corporate Security, the foundational text for security metrics. This book builds on that foundation and covers the why, what, and how of a security metrics program, risk reporting, insider risk, building influence, business alignment, and much more. Emphasizes the importance of measuring and delivering actionable results Includes real world, practical examples that may be considered, applied, and tested across the full scope of the enterprise security mission Organized to build on a principal theme of having metrics that demonstrate the security department’s value to the corporation

Total Quality Auditing

Total Quality Auditing
Author: Amanda Jo Erven
Publisher:
Total Pages: 160
Release: 2019-03-15
Genre:
ISBN: 9781733784306

Begin the transformation of the Internal Audit function by applying Total Quality Management (TQM) concepts. The book, Total Quality Auditing, How a Total Quality Mindset Can Help Internal Audit Add Real Value, presents how to put TQM concepts to work in the world of Internal Auditing. The Total Quality Auditing (TQA) Six Points of Focus including Ethics and Culture, Standards of Conduct, Customer Feedback, Lean Auditing, Balance of Audit and Consulting and Internal Audit Leadership provide a framework that can be immediately applied to increase the value of Internal Audit through proactive steps to reduced risks and improved organization effectiveness. TQA is a new and refreshing approach that will change the way Internal Audit goes to work. TQA is a teachable moment for organization leaders, CEO's, CFO's, CAE's and Internal Auditors, not of how auditing is conducted today, but how it can be transformed in the future.

Internal Audit Quality

Internal Audit Quality
Author: Sally-Anne Pitt
Publisher: John Wiley & Sons
Total Pages: 405
Release: 2014-09-29
Genre: Business & Economics
ISBN: 1118715519

Deliver increased value by embedding quality into internal audit activities Internal Audit Quality: Developing a Quality Assurance and Improvement Program is a comprehensive and authoritative guide to better practice internal auditing. Written by a global expert in audit quality, this guide is the first to provide complete coverage of the elements that comprise an effective internal audit quality assurance and improvement program. Readers will find practical solutions for monitoring and measuring internal audit performance drawn from The IIA's International Standards for the Professional Practice of Internal Auditing, and complemented by advice and case studies from leading audit practitioners from five different continents. Major corporate and financial collapses over the past decade have challenged the value of internal audit. With an increased focus on internal audit's role in good governance, management is increasingly demanding that internal audit provides assurance of the quality of its own activities. The IIA standards provide a framework for audit quality in the form of mandatory guidance . Recent research indicates that the majority of internal audit functions do not fully comply with the standards and, as a result, are not servicing the needs of their organizations as well as they might. Internal Audit Quality offers a roadmap to internal audit quality, providing readers the guidance they need to: Embed quality into all elements of internal audit from strategic and operational planning down to day-to-day tasks Create well-defined internal audit programs and procedures Independently self-assess internal audit quality and performance Conform with the IIA standards and better practice Provide assurance over internal audit efficiency and effectiveness Deliver value by meeting stakeholder expectations As a key component of good governance, internal audit is on the rise. The days of retrospective, compliance-focused auditing is a thing of the past. Organizations expect more of internal audit, and many internal audit activities are accepting the challenge. Rather than relying on audit supervision and external assessments, modern auditors are embedding quality into audit activities to create effective programs. For the auditor looking to distinguish themselves as leading edge, Internal Audit Quality provides the guidance that enables the right work, at the right time, in the right way.