A clear, accessible guide
to the roles and responsibilities of today's internal auditor
At a time when companies are seeking to reevaluate their practices and add value to their
audit processes, The Internal Auditor at Work represents an invaluable, user-friendly, and
up-to-date guidebook for the internal auditing professional to refine and rethink both
day-to-day methods and the underlying significance of the job.
Each chapter of this in-depth, functional analysis contains numerous resources to guide
the reader toward greater understanding and performance. Discussion questions promote
dialogue among auditing professionals on the various topics covered. Top ten
considerations lists recap the important points of each chapter. And end-of-chapter
exercises are especially valuable to new internal auditors in that they facilitate
self-development and application of principles covered.
Written in partnership with the Institute of Internal Auditors with special attention to
its revised standards and guidelines, The Internal Auditor at Work includes chapters on:
The audit context
The strategic dimension
Quality and audit competence
The audit process
The audit proposition
And more
In a business environment currently undergoing major reevaluation, The Internal Auditor at
Work provides an invaluable tool for internal auditing professionals and all others with
an interest in adding value to their organizational processes.
Table of Contents
List of Abbreviations.
Chapter 1. Introduction.
Section 1. About the Book.
Section 2. The New
Internal Auditor.
Section 3. The Challenges
of a Career in Internal Auditing.
Section 4. Popular
Misconceptions.
Section 5. A Brief History
of Internal Auditing.
Section 6. The Importance
of Tracking New Developments.
Section 7. The Audit
Model.
Section 8. Summary: Top
Ten Considerations.
Section 9. Your Personal
Development Exercises.
Chapter 2. The Audit
Context.
Section 1. The Growth of
Corporate Governance.
Section 2. Understanding
Societal Expectations.
Section 3. The Global
Dimension.
Section 4. Impact on the
Board and Senior Management.
Section 5. The Role of the
Audit Committee.
Section 6. Risk
Management: The Key of Success.
Section 7. Understanding
Internal Controls.
Section 8. Defining the
Internal Audit Role.
Section 9. External Audit.
Section 10. The Value-Add
Proposition.
Section 11. The Audit
Model.
Section 12. Summary: Top
Ten Considerations.
Section 13. Your Personal
Development Exercises.
Chapter 3. The Strategic
Dimension.
Section 1. Approaches to
Internal Audit Work.
Section 2. Risk-Based
Systems Approach.
Section 3. Consulting
Services.
Section 4. Compliance.
Section 5. Fraud and
Abuse.
Section 6. Information
Systems.
Section 7. CSA Workshops.
Section 8. Developing an
Integrated Approach.
Section 9. The Audit
Model.
Section 10. Summary: Top
Ten Considerations.
Section 11. Your Personal
Development Exercises.
Chapter 4. Quality
Assurance and Audit Competence.
Section 1. The Quality
Concept.
Section 2. Professional
Internal Auditing Standards.
Section 3. Documentation
Standards and Review.
Section 4. Internal and
External Reviews.
Section 5. Audit
Competence.
Section 6. Interviewing.
Section 7. The Audit
Model.
Section 8. Summary: Top
Ten Considerations.
Section 9. Your Personal
Development Exercises.
Chapter 5. The Audit
Process.
Section 1. The Audit
Process.
Section 2. Risk-Based
Strategies.
Section 3. Preliminary
Surveys.
Section 4. Developing
Assignment Plans.
Section 5. Audit
Fieldwork.
Section 6. Developing
Findings.
Section 7. Audit Reporting
and Follow-Up.
Section 8. The Audit
Model.
Section 9. Summary: Top
Ten Considerations.
Section 10. Your Personal
Development Exercises.
Chapter 6. The Audit
Proposition.
Section 1. Impacting
Corporate Governance.
Section 2. Supporting the
Board and the Audit Committee.
Section 3. Providing
Assurances on Controls.
Section 4. Making Risk
Management Work.
Section 5. Partnerships
with Management.
Section 6. The Global
Audit Community.
Section 7. Future
Directions and Challenges.
Section 8. The Final Audit
Model.
Section 9. Summary: Top
Ten Considerations.
Section 10. Your Personal
Development Exercises.
Index.
286 pages