Description
Book SynopsisThis book provides a blueprint for the processes and procedures of running an effective internal audit department. By following this manual end users can ensure that they are following the guidelines for internal control that the Foreign Corrupt Practices Act as well as COSO (Committee of Sponsoring Organizations) call for.
Table of ContentsForeword.
Preface.
PART ONE: FUNDAMENTALS OF THE INTERNAL AUDITING FUNCTION.
Chapter 1. Background.
1.1 Introduction.
1.2 History of Auditing.
1.3 History of Internal Auditing.
1.4 Auditing Government Agencies.
1.5 History of Information Systems Auditing.
1.6 History of Federal Regulations Related to Auditing.
1.7 Professional Organizations Related to Internal Auditing.
Chapter 2. Auditing Standards and Responsibilities.
2.1 Introduction.
2.2 Ethics.
2.3 Professional Auditing Standards.
2.4 Systems Development Life Cycle Standards.
2.5 Professional Development.
2.6 Responsibilities of a Corporate Auditor.
Chapter 3. Internal Control System.
3.1 Definition.
3.2 Fundamental Assumptions in Establishing an Internal Control System.
3.3 Effective Internal Control Models.
3.4 Regulations.
3.5 Policies.
3.6 Risk Assessment.
3.7 Control Strategies.
3.8 Malicious Activities.
3.9 Specific Controls/CAATTs.
PART TWO: MANAGEMENT AND ADMINISTRATION.
Chapter 4. Department Organization.
4.1 Introduction.
4.2 Corporate Audit Charter.
4.3 Company Organization.
4.4 Audit Department Policies.
Chapter 5. Personnel, Administration, and Recruiting.
5.1 Introduction.
5.2 Personal Development.
5.3 Personnel Files.
5.4 Periodic Performance Evaluation Review.
5.5 Annual Staff Meeting/Conference.
5.6 New Staff Orientation.
PART THREE: TECHNICAL PROCEDURES.
Chapter 6. Audit Planning.
6.1 Corporate Audit Planning, Scheduling, and Staffing.
6.2 Internal Controls.
6.3 Materiality.
6.4 Types of Audits.
6.5 Time Reporting.
6.6 Expense Reporting.
Chapter 7. Audit Performance.
7.1 Corporate Audit Performance Process Matrix.
7.2 Workpapers.
7.3 Audit Objectives.
Chapter 8. Audit Reporting.
8.1 Corporate Audit Report Process.
8.2 Report to Management.
8.3 Report to Audit Committee.
PART FOUR: LONG-TERM EFFECTIVENESS.
Chapter 9. Managing the Effectiveness of the Audit Department.
9.1 Introduction.
9.2 Corporate Governance.
9.3 Quality Assurance.
9.4 Continuous Improvement Systems for Internal Auditors.
9.5 Marketing the Audit Function.
Index.
