In today s rapidly changing business climate, organizations are looking for proactive ways to foresee risks. To be successful, organizations must find ways to create new value and protect existing value from being prematurely destroyed. Managing the risks associated with any strategic plan is important to the organization s ongoing success.
Internal auditors are an integral part of an organization achieving and sustaining success. They play an important role in all phases of ERM implementation and can help validate and improve ERM activities by aligning their ongoing audit activities with the ERM objectives.
This book provides a roadmap for all internal auditors, regardless of their ERM expertise, to translate complex ERM concepts into concrete guidance that internal auditors find straightforward and practical.
Paul J. Sobel, CIA, CRMA, CPA, is vice president, chief audit executive for Georgia Pacific, LLC, a privately owned forest and consumer products company based in Atlanta, GA. He previously served as the chief audit executive for three public companies: Mirant Corporation, an energy company based in Atlanta, GA. Aquila, Inc., an energy company based in Kansas City, MO.; and Harcourt General s publishing operations based in Orlando, FL. His responsibilities included leading the global internal audit efforts at these companies, as well as consulting on each company s ERM, compliance, and internal controls programs. He has also served as international audit manager for PepsiCo, senior manager in Arthur Andersen s Business Risk Consulting practice, and experienced manager in Arthur Andersen s Financial Statement Assurance practice. Paul is a frequent speaker on governance, ERM, and internal audit topics. He has published a book titled Auditor s Risk Management Guide: Integrating Auditing and ERM. In addition, he coauthored the textbook published by The IIA Research Foundation titled Internal Auditing: Assurance and Consulting Services. Finally, he has been recognized for articles published in Internal Auditor magazine and Management Accounting Quarterly. Paul is currently serving on The IIA s Board of Directors as senior vice chairman. In the past, he served in other vice chairman roles, as president of The IIA Research Foundation, and as senior vice chair on the North American Board. He was program chair for The IIA s 2010 International Conference, which was held in Atlanta, and will be serving in the same role for The IIA s 2013 International Conference, to be held in Orlando. He has also served on the Standing Advisory Group of the Public Company Accounting Oversight Board and as The IIA s representative on the Pathways Commission, which was formed to make recommendations on the future of accounting education in the United States.
Kurt F. Reding, PhD, CIA, CPA, CMA, is the Grant Thornton Faculty Fellow and a clinical assistant professor in the School of Accountancy at Wichita State University. He currently serves on The IIA s Wichita Chapter s Board of Governors and the Audit Committee of the Via Christi Hospitals Wichita, Inc. Board of Trustees. He has served on The IIA s Board of Directors, North American Board, Board of Research and Education Advisors, and Academic Relations Committee. He is a frequent speaker at IIA conferences and seminars. Enterprise Risk Management Achieving and Sustaining Success.
Kurt received The IIA s 2003 Leon R. Radde Educator of the Year Award. He also has received both The IIA s John B. Thurston Award and the Institute of Management Accountants Lybrand Gold Medal, the highest annual writing awards bestowed by these organizations. He coauthored two textbooks published by The IIA Research Foundation Internal Auditing: Assurance and Consulting Services and Introduction to Auditing Logic, Principles, and Techniques. He has published articles in Internal Auditor, Internal Auditing, Managerial Auditing Journal, Management Accounting Quarterly, and other journals. Kurt has more than 25 years of experience as an audit educator and practitioner and holds a PhD in accounting from The University of Tennessee. He is a member of The Institute of Internal Auditors, the American Institute of Certified Public Accountants, the Institute of Management Accountants, and the American Accounting Association.
