| Description |
xxi, 768 pages : illustrations ; 26 cm |
| Contents |
Machine derived contents note: Contents -- Part One Foundations Of Internal Auditing -- 1 Foundations of Internal Auditing -- 1.1 What is Internal Auditing? -- 1.2 Internal Auditing History and Background -- 1.3 Relationships of Operational, Financial, and Information Systems Auditing -- 2 Management Needs: Internal Audit's Operational Approach -- 2.1 Internal Audit's Management Focus -- 2.2 Operational Auditing Concepts -- 2.3 Understanding and Working with Managers and Management -- 2.4 Attributes of Management -- 2.5 Management and the Internal Auditor -- 3 Internal Audit in the 21st Century: Sarbanes-Oxley and Beyond -- 3.1 Background: Changes in Financial Auditing Standards -- 3.2 "Where Were the Auditors?" Standards Failure -- 3.3 Sarbanes-Oxley Overview: Key Internal Audit Concerns -- (a) SOA Title I: Public Company Accounting Oversight Board -- (b) SOA Title II: Auditor Independence -- (c) SOA Title III: Corporate Responsibility -- (d) SOA Title IV: Enhanced Financial Disclosures -- (e) SOA Title V: Analyst Conflicts of Interest -- (f) SOA Titles VI and VII: Commission Authority, Studies and Reports -- (g) SOA Titles VIII, IX, and X: Fraud Accountability and White Collar Crime -- (h) SOA Title XI: Corporate Fraud Accountability -- 3.4 Impact of the Sarbanes-Oxley Act on the Modern Internal Auditor -- Part Two Importance Of Internal Controls -- 4 Internal Controls Fundamentals: COSO Framework -- 4.1 Importance of Effective Internal Controls -- 4.2 Fundamentals of Internal Controls -- (a) Detective, Protective, and Corrective Control Techniques -- 4.3 Internal Controls Standards: Background Developments -- (a) Early Definitions of Internal Control Systems -- (b) Foreign Corrupt Practices Act of 1977 -- (c) FCPA Aftermath: What Happened? -- 4.4 Efforts Leading to the Treadway Commission -- (a) AICPA and CICA Commissions on Auditor Responsibilities -- (b) SEC 1979 Internal Control Reporting Proposal -- (c) Minahan Committee and Financial Executives Research Foundation -- (d) Earlier AICPA Standards: SAS No. 55 -- (e) Treadway Committee Report -- 4.5 COSO Internal Control Framework -- (a) COSO Framework Model -- 4.6 Understanding, Using, and Documenting COSO Internal Controls -- 5 Understanding and Assessing Risks: Enterprise Risk Management -- 5.1 Auditing and Understanding Risks -- 5.2 Understanding Risks: COSO Enterprise Risk Management Framework -- 5.3 Enterprise Risk Management Framework -- (a) ERM Framework Internal Environment -- (b) Other ERM Framework Levels -- 5.4 ERM and COSO: What's the Difference? -- 5.5 Risk Ranking and Risk Assessments -- (a) Define Organization Processes -- (b) Rank and Score Processes Based on Relative Risk -- (c) Assess and Identify Higher Risk Processes -- (d) Initiate Actions and Install Controls for Higher Risk Processes -- 5.6 Understanding Risks for More Effective Auditing -- 6 Evaluating Internal Controls: Section 404 Assessments -- 6.1 Assessments of Internal Controls after the Sarbanes-Oxley Act -- 6.2 SOA Section 404 -- (a) Launching the Section 404 Compliance Review: Identifying Key Processes -- (b) Launching the Section 404 Compliance Review: Internal Audit's Role -- (c) Launching the Section 404 Compliance Review: Organizing the Project -- 6.3 Internal Control Review Process: Importance of Financial Assertions -- 6.4 Control Objectives and Risks under Section 404 -- (a) Developing an Internal Controls Matrix -- (b) Testing Section 404 Internal Controls -- 6.5 Disclosure Committee and Keeping Section 404 Current -- 7 Internal Controls Frameworks Worldwide: CobiT and Others -- 7.1 Beyond COSO: Other Approaches to Understanding Internal Controls -- 7.2 CobiT Model: IT Governance -- (a) CobiT Framework -- (b) Navigating CobiT: Understanding the Framework -- (c) Control Objectives Under CobiT -- (d) CobiT Audit Guidelines -- (e) Management and Implementation Guidelines -- 7.3 Using CobiT for SOA Section 404 Assessments -- 7.4 Canada's CoCo Framework -- 7.5 Turnbull Report -- 7.6 Internal Control Frameworks Worldwide -- Part Three Internal Audit And Corporate Governance -- 8 Internal Audit and the Board Audit Committee -- 8.1 Role of the Audit Committee -- 8.2 Audit Committee Organization and Charters -- 8.3 Audit Committee's Financial Expert and Internal Audit -- 8.4 Audit Committee Responsibilities for Internal Audit -- (a) Appointment of the Chief Audit Executive -- (b) Approval of Internal Audit Charter -- (c) Approval of Internal Audit Plans and Budgets -- (d) Review and Action on Significant Audit Findings -- 8.5 Audit Committee and External Auditors -- 8.6 Whistleblower Programs and Codes of Conduct -- 8.7 Other Audit Committee Roles -- 9 Whistleblower Programs and Codes of Conduct -- 9.1 Organizational Ethics, Compliance, and Governance -- 9.2 Launching An Organization Ethics Program -- (a) First Steps: Developing a Mission Statement -- (b) Understanding the Risk Environment -- (c) Summarizing Ethics Survey Results: Do We Have a Problem? -- 9.3 Codes of Conduct -- (a) The Contents: What Should be the Code's Message? -- (b) Communications to Stakeholders and Assuring Compliance -- (c) Code Violations and Corrective Actions -- (d) Keeping the Code Current -- 9.4 Whistleblower and Hotline Functions -- (a) Federal Whistleblower Rules -- (b) SOA Whistleblower Rules and Internal Audit -- (c) Launching the Organization Help or Hotline Function -- 9.5 Auditing the Organization's Ethics Functions -- 9.6 Improving Corporate Governance Practices -- 10 Working With External Auditors -- 10.1 Importance of External Audit Coordination -- 10.2 Professional Standards Supporting Audit Coordination -- (a) AICPA Support for Audit Coordination -- (b) Internal Audit Support for Audit Coordination -- 10.3 Internal Audit and SOA Section 404 Reviews -- 10.4 Effective Internal and External Audit Coordination -- (a) Problems Limiting Audit Coordination -- 10.5 Motivations for and Constraints over Effective Audit Coordination -- 10.6 Step to Achieve Effective Audit Coordination -- (a) Exchange of Audit Documentation -- (b) Face-to-Face Sharing of Information -- (c) Use of a Common Methodology -- (d) Collaborative Work Assistance -- (e) Cooperation and Collaboration in Auditor Training -- (f) Supportive Follow-up of Audit Findings -- (g) Joint Audit Project Planning -- 10.7 Coordination in Perspective -- 11 Fraud Detection and Prevention -- 11.1 Growing Concerns About Management Fraud -- 11.2 Red Flags: Fraud Detection for Auditors -- 11.3 Public Accounting's New Role in Fraud Detection -- 11.4 IIA Standards for Detecting and Investigating Fraud -- 11.5 Fraud Investigations for Internal Auditors -- 11.6 Information Systems Fraud Prevention Processes -- 11.7 Fraud Detection and the Auditor -- Part Four Administering Internal Audit Activities -- 12 Internal Audit Professional Standards -- 12.1 Importance of Professional Standards -- 12.2 Codes of Ethics: The IIA and ISACA -- 12.3 Internal Auditing's Professional Practice Standards -- (a) Background of the IIA Standards -- (b) IIA's Current Standards: What has Changed -- (c) Authority of the Internal Auditing Standards -- 12.4 Content of the IIA Standards -- (a) Internal Audit Attribute Standards -- (b) Internal Audit Performance Standards -- (c) Revisions to the IIA Standards -- 12.5 Importance and Relevance of the IIA Standards -- 13 Internal Audit Organization and Planning -- 13.1 Organizing and Planning for the Internal Audit Function -- 13.2 Organizing the Internal Audit Effort -- (a) Centralized versus Decentralized Internal Audit Organization Structures -- (b) Alternative Internal Audit Organization Structures -- 13.3 Internal Audit Organization Planning -- (a) Establishing Internal Audit Plan Goals and Objectives -- 14 Directing and Performing Internal Audits -- 14.1 Organizing and Performing Internal Audits -- 14.2 Audit Planning Preparatory Activities -- (a) Determining Audit Objectives -- (b) Audit Scheduling and Time Estimates -- (c) Preliminary Surveys -- 14.3 Starting the Internal Audit -- (a) Internal Audit Field Survey -- (b) Documenting the Internal Audit Field Survey -- (c) Field Survey Auditor Conclusions -- 14.4 Using Audit Programs to Perform Internal Audits -- (a) Audit Program Formats and Their Preparation -- (b) Types of Audit Evidence -- 14.5 Performing the Internal Audit -- (a) Internal Audit Fieldwork Procedures -- (b) Audit Fieldwork Technical Assistance -- (c) Audit Management Fieldwork Monitoring -- (d) Potential Audit Findings -- (e) Audit Program and Schedule Modification -- (f) Reporting Preliminary Audit Findings to Management -- 14.6 Planning and Controlling Internal Audit Fieldwork -- 15 Workpapers: Documenting Internal Audit Activities -- 15.1 Importance of Workpapers -- 15.2 Functions of Workpapers -- (a) Workpaper Standards -- (b) Workpaper Formats -- 15.3 Workpaper Content and Organization -- (a) Workpaper Document Organization -- (b) Computer-Assisted Audit Techniques Workpapers -- 15.4 Workpaper Preparation Techniques -- (a) Workpaper Indexing and Cross-Referencing -- (b) Tick Marks -- (c) References to External Audit Sources -- (d) Workpaper Rough Notes -- 15.5 Workpaper Review Process -- 15.6 Workpaper Ownership, Custody, and Retention -- 16 Gathering Evidence Through Audit Sampling -- 16.1 Audit Sampling to Improve Results and Efficiency -- 16.2 Audit Sampling Decision -- 16.3 Internal Audit Judgmental Sampling -- (a) Judgmental Sampling Example -- 16.4 Statistical Sampling: An Introduction -- (a) Statist |
| Summary |
Comprehensive resource and reference book on the changing world of internal auditing, including coverage of Sarbanes-Oxely compliance issues |
| Bibliography |
Includes bibliographical references and index |
| Subject |
Auditing, Internal.
|
| LC no. |
2004016916 |
| ISBN |
0471677884 cloth |
|
