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Preface
Acknowledgments
Accessibility
Attributions
About the Author
An Overview of Internal Auditing
Learning Outcomes
Chapter Outlines
Introduction
01.01. Defining Internal Auditing
01.02. The Evolution of Internal Auditing
01.03. The Role and Scope of Internal Auditing
01.04. Governance, Risk Management, and Control
01.05. Future Directions: Trends and Innovations in Auditing
01.06. Building a Career in Internal Auditing: Pathways and Qualifications
02.01. Overview of the International Standards for Professional Practices (IPPF)
02.02. The Internal Auditor’s Code of Conduct
02.03. Quality Assessment and Assurance in Auditing
02.04. Professional Standards in Practice
02.05. Lifelong Learning in Internal Auditing
03.01. Principles of Corporate Governance
03.02. Board Structures and Responsibilities
03.03. Regulatory Compliance and Oversight
03.04. Corporate Governance Leading Practices
03.05. Role of Internal Auditors in Corporate Governance
04.01. Fundamentals of Risk Management
04.02. Risk Identification and Assessment
04.03. Risk Response and Mitigation Techniques
04.04. Monitoring and Reporting Risk Management Effectiveness
04.05. Internal Audit's Role in ERM
05.01. The Control Environment
05.02. Types and Functions of Internal Controls
05.03. Designing and Implementing Control Systems
05.04. Testing and Monitoring Controls
05.05. Internal Controls and Financial Integrity
05.06. Role of Internal Auditing around Internal Controls
5A.1. Procurement Risk and Controls
5A.2. Sales and Revenue Risk and Controls
5A.3. Human Resources Risk and Controls
5A.4. Financial Reporting Risk and Controls
5A.5. Inventory Management Risk and Controls
5A.6. Information Technology Risk and Controls
5A.7. Cash Management Risk and Controls
5A.8. Capital Assets Risk and Controls
5A.9. Strategy Management Risk and Controls
5A.10. Corporate Governance Risk and Controls
06.01. Structure of the Internal Audit Department
06.02. Leading and Developing Audit Teams
06.03. Strategic Planning for Internal Audit
06.04. Quality Assurance and Improvement Programs (QAIP)
06.05. Managing Change in the Audit Function
07.01. Strategic Planning for Internal Auditing
07.02. Defining Objectives and Scope of Audits
07.03. Risk-based Long- and Short-term Audit Planning
07.04. Coordinating with Other Governance Functions
07.05. Dynamic Audit Planning: Adapting to Change
7A.1. Buy and Large Corporation — Background
7A.2. Risk Identification and Assessment
7A.3. Development of a Multi-Year Internal Audit Plan
2024 Internal Audit Plan
2025 Internal Audit Plan
2026 Internal Audit Plan
Resourcing Schedule for 2024
08.01. Audit Methodology and Execution
08.02. Selecting and Using Audit Tools
08.03. Sampling Methods and Statistical Analysis
08.04. The Role of Technology in Auditing
08.05. Developing Audit Programs
08.06. Audit Objectives, Scope, and Audit Procedures
09.01. Auditing Financial Functions
09.02. Operational Audits: Types, Processes, Risks, and Audit Programs
09.03. Auditing in an IT Environment
09.04. Human Resources and Compliance Auditing
09.05. Sector-specific Auditing Areas and Challenges
10.01. Crafting Effective Audit Reports
10.02. Communicating Findings to Stakeholders
10.03. Follow-Up: Monitoring and Verification
10.04. Visualizing Data in Audit Reports
10.05. Best Practices in Audit Communication
11.01. Auditing Standards for the Public Sector
11.02. Not-for-Profit Auditing Challenges
11.03. The Auditor General's Role in Public Audits
11.04. Performance Auditing in the Public Sector
11.05. Ethical Considerations in Public and Not-for-Profit Auditing
12.01. Leveraging Analytics in Internal Auditing
12.02. Principles of Agile Auditing
12.03. Continuous Auditing: Concepts and Implementation
12.04. The Future of Auditing: Emerging Trends and Technologies
Glossary
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Internal Auditing: A Practical Approach Copyright © 2024 by Amit M. Mehta is licensed under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International License, except where otherwise noted.