{"product_id":"the-essential-guide-to-internal-auditing-isbn-9780470746936","title":"The Essential Guide to Internal Auditing","description":"The Second Edition of \u003ci\u003eThe Essential Guide to Internal Auditing\u003c\/i\u003e is a condensed version of the \u003ci\u003eHandbook of Internal Auditing,\u003c\/i\u003e 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. \u003cp\u003eList of Abbreviations xi\u003c\/p\u003e \u003cp\u003e\u003cb\u003e1 Introduction 1\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eIntroduction 1\u003c\/p\u003e \u003cp\u003e1.1 Reasoning behind the Book 2\u003c\/p\u003e \u003cp\u003e1.2 The IIA Standards and Links to the Book 3\u003c\/p\u003e \u003cp\u003e1.3 How to Navigate around the Book 4\u003c\/p\u003e \u003cp\u003e1.4 The Essential Guide as a Development Tool 7\u003c\/p\u003e \u003cp\u003e1.5 The Development of Internal Auditing 7\u003c\/p\u003e \u003cp\u003eSummary and Conclusions 11\u003c\/p\u003e \u003cp\u003eEndnotes 12\u003c\/p\u003e \u003cp\u003e\u003cb\u003e2 Corporate Governance Perspectives 13\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eIntroduction 13\u003c\/p\u003e \u003cp\u003e2.1 The Agency Model 14\u003c\/p\u003e \u003cp\u003e2.2 Corporate Ethics and Accountability 17\u003c\/p\u003e \u003cp\u003e2.3 International Scandals and Their Impact 20\u003c\/p\u003e \u003cp\u003e2.4 Models of Corporate Governance 26\u003c\/p\u003e \u003cp\u003e2.5 The Institute of Internal Auditors 31\u003c\/p\u003e \u003cp\u003e2.6 The External Audit 33\u003c\/p\u003e \u003cp\u003e2.7 The Audit Committee 39\u003c\/p\u003e \u003cp\u003e2.8 Internal Audit 42\u003c\/p\u003e \u003cp\u003e2.9 The Link to Risk Management and Internal Control 43\u003c\/p\u003e \u003cp\u003e2.10 Reporting on Governance, Risk and Internal Controls 44\u003c\/p\u003e \u003cp\u003e2.11 New Developments 48\u003c\/p\u003e \u003cp\u003eSummary and Conclusions 53\u003c\/p\u003e \u003cp\u003eEndnotes 56\u003c\/p\u003e \u003cp\u003e\u003cb\u003e3 Managing Risk 59\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eIntroduction 59\u003c\/p\u003e \u003cp\u003e3.1 What is Risk? 60\u003c\/p\u003e \u003cp\u003e3.2 The Risk Challenge 61\u003c\/p\u003e \u003cp\u003e3.3 Risk Management Process 63\u003c\/p\u003e \u003cp\u003e3.4 Mitigation through Controls 66\u003c\/p\u003e \u003cp\u003e3.5 Risk Registers and Appetites 69\u003c\/p\u003e \u003cp\u003e3.6 The Risk Policy 74\u003c\/p\u003e \u003cp\u003e3.7 Enterprise-Wide Risk Management 79\u003c\/p\u003e \u003cp\u003e3.8 Control Self-Assessment 81\u003c\/p\u003e \u003cp\u003e3.9 Embedding Risk Management 82\u003c\/p\u003e \u003cp\u003e3.10 The Internal Audit Role in Risk Management 82\u003c\/p\u003e \u003cp\u003e3.11 New Developments 86\u003c\/p\u003e \u003cp\u003eSummary and Conclusions 89\u003c\/p\u003e \u003cp\u003eEndnotes 92\u003c\/p\u003e \u003cp\u003e\u003cb\u003e4 Internal Controls 95\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eIntroduction 95\u003c\/p\u003e \u003cp\u003e4.1 Why Controls? 96\u003c\/p\u003e \u003cp\u003e4.2 Control Framework – COSO 104\u003c\/p\u003e \u003cp\u003e4.3 Control Framework – CoCo 109\u003c\/p\u003e \u003cp\u003e4.4 Other Control Models 111\u003c\/p\u003e \u003cp\u003e4.5 Links to Risk Management 113\u003c\/p\u003e \u003cp\u003e4.6 Control Mechanisms 114\u003c\/p\u003e \u003cp\u003e4.7 Importance of Procedures 121\u003c\/p\u003e \u003cp\u003e4.8 Integrating Controls 122\u003c\/p\u003e \u003cp\u003e4.9 The Fallacy of Perfection 124\u003c\/p\u003e \u003cp\u003e4.10 The Complete Control Model 125\u003c\/p\u003e \u003cp\u003e4.11 New Developments 127\u003c\/p\u003e \u003cp\u003eSummary and Conclusions 129\u003c\/p\u003e \u003cp\u003eEndnotes 130\u003c\/p\u003e \u003cp\u003e\u003cb\u003e5 The Internal Audit Role 131\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eIntroduction 131\u003c\/p\u003e \u003cp\u003e5.1 Defining Internal Audit 131\u003c\/p\u003e \u003cp\u003e5.2 The Four Main Elements 134\u003c\/p\u003e \u003cp\u003e5.3 The Audit Charter 137\u003c\/p\u003e \u003cp\u003e5.4 Audit Services 139\u003c\/p\u003e \u003cp\u003e5.5 Independence 141\u003c\/p\u003e \u003cp\u003e5.6 Audit Ethics 146\u003c\/p\u003e \u003cp\u003e5.7 Police Officer versus Consultant 149\u003c\/p\u003e \u003cp\u003e5.8 Managing Expectations through Web Design 151\u003c\/p\u003e \u003cp\u003e5.9 Audit Competencies 155\u003c\/p\u003e \u003cp\u003e5.10 Training and Development 157\u003c\/p\u003e \u003cp\u003e5.11 New Developments 160\u003c\/p\u003e \u003cp\u003eSummary and Conclusions 164\u003c\/p\u003e \u003cp\u003eEndnotes 165\u003c\/p\u003e \u003cp\u003e\u003cb\u003e6 Professionalism 167\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eIntroduction 167\u003c\/p\u003e \u003cp\u003e6.1 Audit Professionalism 167\u003c\/p\u003e \u003cp\u003e6.2 Internal Auditing Standards 170\u003c\/p\u003e \u003cp\u003e6.3 Due Professional Care 184\u003c\/p\u003e \u003cp\u003e6.4 Professional Consulting Services 186\u003c\/p\u003e \u003cp\u003e6.5 The Quality Concept 188\u003c\/p\u003e \u003cp\u003e6.6 Supervision 189\u003c\/p\u003e \u003cp\u003e6.7 Internal Review 191\u003c\/p\u003e \u003cp\u003e6.8 External Reviews 192\u003c\/p\u003e \u003cp\u003e6.9 Marketing the Audit Role 196\u003c\/p\u003e \u003cp\u003e6.10 Creating the Audit Image 197\u003c\/p\u003e \u003cp\u003e6.11 New Developments 199\u003c\/p\u003e \u003cp\u003eSummary and Conclusions 200\u003c\/p\u003e \u003cp\u003eEndnotes 201\u003c\/p\u003e \u003cp\u003e\u003cb\u003e7 The Audit Approach 203\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eIntroduction 203\u003c\/p\u003e \u003cp\u003e7.1 The Risk-Based Systems Approach 203\u003c\/p\u003e \u003cp\u003e7.2 Control Risk Self-Assessment (CRSA) 208\u003c\/p\u003e \u003cp\u003e7.3 The CRSA Process 210\u003c\/p\u003e \u003cp\u003e7.4 Integrating Self-Assessment and Audit 210\u003c\/p\u003e \u003cp\u003e7.5 Fraud Investigations 211\u003c\/p\u003e \u003cp\u003e7.6 Information Systems Auditing 217\u003c\/p\u003e \u003cp\u003e7.7 Compliance 221\u003c\/p\u003e \u003cp\u003e7.8 Value for Money (VFM) 223\u003c\/p\u003e \u003cp\u003e7.9 The Consulting Approach 224\u003c\/p\u003e \u003cp\u003e7.10 The ‘Right’ Structure 226\u003c\/p\u003e \u003cp\u003e7.11 New Developments 227\u003c\/p\u003e \u003cp\u003eSummary and Conclusions 233\u003c\/p\u003e \u003cp\u003eEndnotes 234\u003c\/p\u003e \u003cp\u003e\u003cb\u003e8 Setting an Audit Strategy 235\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eIntroduction 235\u003c\/p\u003e \u003cp\u003e8.1 Risk-Based Strategic Planning 235\u003c\/p\u003e \u003cp\u003e8.2 Resourcing the Strategy 242\u003c\/p\u003e \u003cp\u003e8.3 Managing Performance 245\u003c\/p\u003e \u003cp\u003e8.4 The Auditor Appraisal Scheme 246\u003c\/p\u003e \u003cp\u003e8.5 Methods of Staff Appraisal 248\u003c\/p\u003e \u003cp\u003e8.6 The Audit Manual 250\u003c\/p\u003e \u003cp\u003e8.7 Time Monitoring System 252\u003c\/p\u003e \u003cp\u003e8.8 Audit Planning Process 253\u003c\/p\u003e \u003cp\u003e8.9 The Annual Audit Plan 255\u003c\/p\u003e \u003cp\u003e8.10 The Quarterly Audit Plan 255\u003c\/p\u003e \u003cp\u003e8.11 New Developments 256\u003c\/p\u003e \u003cp\u003eSummary and Conclusions 261\u003c\/p\u003e \u003cp\u003eEndnotes 262\u003c\/p\u003e \u003cp\u003e\u003cb\u003e9 Audit Fieldwork 263\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eIntroduction 263\u003c\/p\u003e \u003cp\u003e9.1 Planning the Audit 263\u003c\/p\u003e \u003cp\u003e9.2 Interviewing Skills 270\u003c\/p\u003e \u003cp\u003e9.3 Ascertaining the System 275\u003c\/p\u003e \u003cp\u003e9.4 Evaluation 278\u003c\/p\u003e \u003cp\u003e9.5 Testing Strategies 282\u003c\/p\u003e \u003cp\u003e9.6 Evidence and Working Papers 290\u003c\/p\u003e \u003cp\u003e9.7 Statistical Sampling 292\u003c\/p\u003e \u003cp\u003e9.8 Audit Testing and Statistical Sampling 296\u003c\/p\u003e \u003cp\u003e9.9 Reporting Results of the Audit 297\u003c\/p\u003e \u003cp\u003e9.10 Structuring the Audit Report 304\u003c\/p\u003e \u003cp\u003e9.11 Audit Committee Reporting 306\u003c\/p\u003e \u003cp\u003e9.12 New Developments 308\u003c\/p\u003e \u003cp\u003eSummary and Conclusions 311\u003c\/p\u003e \u003cp\u003eEndnotes 314\u003c\/p\u003e \u003cp\u003e\u003cb\u003e10 Meeting the Challenge 315\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eIntroduction 315\u003c\/p\u003e \u003cp\u003e10.1 The New Dimensions of Internal Auditing 315\u003c\/p\u003e \u003cp\u003e10.2 The Audit Reputation 316\u003c\/p\u003e \u003cp\u003e10.3 Globalization 318\u003c\/p\u003e \u003cp\u003e10.4 Providing Audit Assurances 319\u003c\/p\u003e \u003cp\u003e10.5 Meeting the Challenge 326\u003c\/p\u003e \u003cp\u003eSummary and Conclusions 327\u003c\/p\u003e \u003cp\u003eEndnotes 329\u003c\/p\u003e \u003cp\u003eAppendix A Auditing the Risk Management Process: A Case Study 331\u003c\/p\u003e \u003cp\u003eIndex 359\u003c\/p\u003e \u003cb\u003eK.H. Spencer Pickett\u003c\/b\u003e has an international reputation as a leading author on the subject of internal auditing and specializes in the development of E-learning resources.  In recent years the field of internal auditing has undergone significant changes. Auditors no longer spend all of their time preparing detailed reports on low-level problems for junior operational managers; instead they focus on the high-level risks to organizations and present their findings to executive boards and audit committees. They are expected to work with and alongside busy managers to enable them to identify and manage risks to their organizations, while retaining a degree of independence so as to ensure the professional scepticism so essential to the audit role.  \u003cp\u003ePreviously published as \u003ci\u003eThe Essential Handbook of Internal Auditing\u003c\/i\u003e, this book has been completely revised to comply with the Institute of Internal Auditor's (IIA) International Standards for the Professional Practice of Internal Auditing, released during 2009. Drawing on his extensive experience of internal audit, K.H. Spencer Pickett clarifies the new audit context and shows how this context fits into the wider corporate governance, risk management and internal control arenas, providing a comprehensive guide to the theory and practice of internal auditing.\u003c\/p\u003e \u003cp\u003e\u003cb\u003eKEY FEATURES\u003c\/b\u003e\u003c\/p\u003e \u003cul\u003e \u003cli\u003eCovers the new standards for internal audit issued by the IIA.\u003c\/li\u003e \u003cli\u003eDefines the new role of auditors in corporate governance, risk management and internal controls.\u003c\/li\u003e \u003cli\u003eProvides practical advice on the essentials of auditing, including professional standards, different audit approaches, the management of internal audit, planning, performance and reporting audit work and specialist areas such as fraud and information system (IS) auditing.\u003c\/li\u003e \u003cli\u003eIs supported by a book companion web site at \u003ca href=\"http:\/\/www.wiley.com\/go\/pickett\"\u003ewww.wiley.com\/go\/pickett\u003c\/a\u003e\n\u003c\/li\u003e \u003c\/ul\u003e","brand":"Wiley","offers":[{"title":"Default Title","offer_id":47990220751077,"sku":"NP9780470746936","price":68.0,"currency_code":"USD","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/1842\/7735\/files\/9780470746936.jpg?v=1761786962","url":"https:\/\/k12savings.com\/es\/products\/the-essential-guide-to-internal-auditing-isbn-9780470746936","provider":"K12savings","version":"1.0","type":"link"}