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Synopsis
The practical, authoritative guide for developing and managing an extraordinary internal audit function
Internal audit managers charged with strengthening their departments and moving them into the future can turn with confidence to this complete turnkey procedures manual. Focusing on real-world examples and featuring an integrated audit management method-ology, Managing the Audit Function shows you step-by-step how to expertly set up, document, and streamline the activities of your audit department. The centerpiece of this manual is a system of unique audit management matrices that describe in practical detail each component of the audit function, from administration to performance to reporting. Each matrix speeds you to the establishment of structured policies and procedures for improving both the workflow efficiency and image of your audit department.
With this updated and expanded Second Edition, you'll swiftly discover how to:
* Improve the consistency, readability, and results of all documentation and reporting processes
* Develop a well-written audit charter and policies attuned to your firm's operating circumstances
* Implement a comprehensive personnel education and development program-complete with flowcharts and interviewing guidelines
* Create a three-tier quality assurance program that produces consistent results and ongoing improvements
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From the Publisher
This flexible guide can be used as a working manual or adapted to fit the particular needs of a company. Discusses how to set up a corporate audit department and how it should function. Contains unique matrixes, developed by the author, which describe each component of the audit function in detail. Features material on outsourcing internal audit function, standards for information systems auditing, quality assurance and marketing. Updated annually to keep readers abreast of new management information.
From the Inside Flap
As auditing shifts from an outsourced function to a cornerstone of internal control, audit directors need an updated manual that reflects the radical changes the internal audit profession recently experienced in order to establish efficient processes for conducting successful audits. Managing the Audit Function, Third Edition, provides a blueprint for the creation of an effective procedures manual for an internal audit department.
A new chapter defines internal control, risk assessment, control strategies, and malicious activities. This subject should be studied and understood not only by internal auditors but by all managers and board members as well. The recent developments with accounting irregularities demonstrated a clear need for an education on the complex subject of internal control.
By implementing the methods recommended in Cangemi and Singleton’s authoritative guide, auditors can play an integral role in improving overall corporate performance. Among other services, the Third Edition:
- Provides a discussion of what world-class audit departments are doing with Baldridge criteria, balanced scorecard, and other continuous improvement techniques
- Contains unique matrices that describe each component of the audit function in detail, from administration to performance to reporting
- Includes standards for information systems auditing
- Offers a discussion of quality assurance and marketing
- Delivers a new section on the internal control system, which includes models, tools, and techniques, that should be read by all senior management and board members
By following the manual, auditors can ensure that they are following the guidelines for internal control that both the Foreign Corrupt Services Act and the Committee of Sponsoring Organizations (COSO) require. The authors also present a sample procedures manual on an available Web site:
www.wiley.com/go/audit manual.
Each page of the manual has a heading consisting of a generic company name, title of the manual (Corporate Audit Department Procedures Manual, if appropriate), section number, revision number, and the date of the revision. The authors have written much of the text this way as a boilerplate that can be used to easily create a unique, modifiable, dynamic manual. In this shifting accounting landscape, effective auditing procedures are absolutely essential to appropriate internal control. Managing the Audit Function, Third Edition provides internal auditors the reliable resource they need.
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Managing the Audit Function: A Corporate Audit Department Procedures Guide (with Disk)
Seller: ThriftBooks-Dallas, Dallas, TX, U.S.A.
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Hardcover. Condition: Good. No Jacket. Pages can have notes/highlighting. Spine may show signs of wear. ~ ThriftBooks: Read More, Spend Less 2.12. Seller Inventory # G0471012556I3N00
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