Data Analytics for Internal Auditors

Author: Richard E. Cascarino

Publisher: CRC Press

ISBN: 1498737153

Category: Computers

Page: 440

View: 3214

There are many webinars and training courses on Data Analytics for Internal Auditors, but no handbook written from the practitioner’s viewpoint covering not only the need and the theory, but a practical hands-on approach to conducting Data Analytics. The spread of IT systems makes it necessary that auditors as well as management have the ability to examine high volumes of data and transactions to determine patterns and trends. The increasing need to continuously monitor and audit IT systems has created an imperative for the effective use of appropriate data mining tools. This book takes an auditor from a zero base to an ability to professionally analyze corporate data seeking anomalies.

Leading the Internal Audit Function

Author: Lynn Fountain

Publisher: CRC Press

ISBN: 1498730434

Category: Business & Economics

Page: 293

View: 8303

While the Institute of Internal Auditors (IIA) has provided standards and guidelines for the practice of internal audit through the International Professional Practice Framework (IPPF), internal auditors and Chief Audit Executives (CAEs) continue to experience difficulties when attempting to balance the requirements of the IPPF with management expectations. The true challenge for any internal auditor is to appropriately apply the Standards while exerting adequate independence and objectivity in the face of management pressure. In Leading the Internal Audit Function, Lynn Fountain presents lessons learned from her extensive experience as an internal auditor, internal audit manager, and CAE to help internal auditors understand the challenges, issues, and potential alternative solutions when executing the role. The book identifies more than 50 challenges for auditors and discusses potential alternative actions the auditor can take when they experience a similar challenge. The book explains how to: Build a value-oriented function that abides by the standards and supports the objectives and goals of the organization. Execute the many aspects of the internal audit, including assurance and consulting work. Build a risk-based audit process. Develop and sustain the internal audit team. Develop and manage relationships with management and the audit committee. Manage internal audit’s role in corporate governance, compliance, and fraud. Leading the Internal Audit Function includes real-life examples, scenarios, and lessons learned from internal auditors and CAEs to emphasize the importance of carefully managing all aspects of the internal audit. The author summarizes her many lessons learned into ten "commandments" for both CAEs and internal auditors. By following the guidelines in this book, you should be well-equipped to gain management support, perform effective and ethical audits, and uphold IIA Standards.

Lean Auditing

Driving Added Value and Efficiency in Internal Audit

Author: James C. Paterson

Publisher: John Wiley & Sons

ISBN: 1118896882

Category: Business & Economics

Page: 328

View: 9120

Using lean techniques to enhance value add and reduce waste in internal auditing Lean Auditing is a practical guide to maximising value and efficiency in internal audit through the application of lean techniques. It is an ideal book for anyone interested in understanding what progressive, value adding audit can be like. It is also ideal for anyone wondering whether audit activities can be streamlined or better co-ordinated with other activities. The book contains practical advise from the author's experience as CAE of AstraZeneca PLC; from his work as a consultant specializing in this field; as well as insights from leading CAEs in the UK, US and elsewhere. In addition, there are important insights from thought leaders such as Richard Chambers (IIA US) and Norman Marks (GRC thought leader) and Chris Baker (Technical Manager of the IIA UK). Increasing pressure on resources is driving a need for greater efficiency in all areas of business, and Internal Audit is no exception. Lean techniques can help streamline the workflow, but having only recently been applied to IA, lack the guidance available for other techniques. Lean Auditing fills this need by combining expert instruction and actionable advice that helps Internal Auditors: Benchmark their efficiency against lean ways of working Understand warning signs of waste and lower added value Understanding practical ways of working that improve added value and reduce waste Gain confidence about progressive ways of working in internal audit Understand how improved ways of working in audit can positively impact the culture of the wider organization One of the keys to the lean audit is finding out exactly what the stakeholder wants, and eliminating everything else. Scaling back certain operations can delineate audit from advisory, and in the process, dramatically improve crucial outcomes. To this end, Lean Auditing is the key to IA efficiency.

Harnessing the Power of Continuous Auditing

Developing and Implementing a Practical Methodology

Author: Robert L. Mainardi

Publisher: John Wiley & Sons

ISBN: 9781118007020

Category: Business & Economics

Page: 304

View: 8871

Written to help auditors jump start their organization's near real-time financial data monitoring and sharing capabilities, Harnessing the Power of Continuous Auditing provides step-by-step instruction on how to build, market, implement, and manage a successful continuous auditing program. Taking concept to reality, author and internal audit expert Robert L. Mainardi presents auditors, company executives, business unit managers, practitioners, and consultants with a complete road map to continuous auditing, from start to finish. Beginning with a thorough definition of the subject, Mainardi debunks the various myths surrounding the process?including the most common misperception that the internal audit department must have the corresponding automated technology to support it?and includes numerous documented proven techniques and instructions for more effective SOX work. A vital tool to enhance the auditor's skills and abilities, Harnessing the Power of Continuous Auditing's exhaustive coverage includes: The definition of continuous auditing Where to begin Methodology development Preparing for continuous auditing Root cause analysis Action plans Problem-solving tools Lessons learned Selling continuous auditing Conditions and challenges This all-in-one handbook of practical execution provides much-needed, accessible guidance on everything business professionals need to know to conduct and implement a successful continuous audit in their organizations.


Author: Arslan K. Khan,Edward C. Zimmer


ISBN: 9781365154034

Category: Business & Economics

Page: 238

View: 7435

The authors, Arslan Khan and Edward Zimmer, demystify any perceived complexities in establishing a robust analytics control function. They provide a simple process to develop and implement an audit analytics strategy to meet the specific needs of organizations. This book provides practical approaches to using data analytics to enable continuous auditing to monitor the effectiveness of business controls. The authors' experience in developing data analytics that support an Internal Audit function can also be leveraged in other areas of the organization. Through the use of simple examples and practical tips, a framework for developing a sustainable audit analytics strategy is provided. Specific guidance is also provided regarding the talent, processes, and technology needed to move from your current state to the target environment. The business case has moved from "can the organization afford an audit analytics function" to "can an organization afford NOT to have an audit analytics function."

Sarbanes-Oxley and the New Internal Auditing Rules

Author: Robert R. Moeller

Publisher: John Wiley & Sons

ISBN: 0471646733

Category: Business & Economics

Page: 256

View: 5330

Sarbanes-Oxley and the New Internal Auditing Rules thoroughly and clearly explains the Sarbanes-Oxley Act, how it impacts auditors, and how internal auditing can help with its requirements, such as launching an ethics and whistle-blower program or performing effective internal controls reviews under the COSO framework. With ample coverage of emerging rules that have yet to be issued and other matters subject to change, this book outlines fundamental blueprints of the new rules, technological developments, and evolving trends that impact internal audit professionals. Order your copy today!

Operational Auditing

Principles and Techniques for a Changing World

Author: Hernan Murdock

Publisher: CRC Press

ISBN: 1315351692

Category: Computers

Page: 349

View: 9952

Internal auditors are expected to perform risk-based audits, but do so partially because they focus on financial and compliance risks at the expense of operational, strategic and technological ones. This limits their ability to evaluate critical risks and processes. This book merges traditional internal audit concepts and practices with contemporary quality control methodologies, tips, tools and techniques. It helps internal auditors perform value-added operational audits that result in meaningful findings and useful recommendations to help organizations meet objectives and improve the perception of internal auditors as high-value contributors, appropriate change agents and trusted advisors.

Operational Assessment of IT

Author: Steve Katzman

Publisher: CRC Press

ISBN: 1498737692

Category: Computers

Page: 338

View: 3829

Operational Assessment of IT presents ideas and concepts of optimization designed to improve an organization’s business processes and assist business units in meeting organizational goals more effectively. Rather than focus on specific technologies, computing environments, enterprise risks, resource programs, or infrastructure, the book focuses on organizational processes. Throughout the book, the author presents concerns and environments encountered throughout his career to demonstrate issues and explain how you, too, can successfully implement the tools presented in the book. The assessment process reviews the economics as well as the effectiveness and efficiency of the process. Whether your organization is profit-based, not-for-profit, or even governmental, you cannot provide services or products at a continuous loss. For an operational assessment to be of value, the ultimate goal must be to insure that the business unit process is effective and efficient and employs the financial assets and resources appropriately or helps the business unit make adjustments to improve the operation and use resources more efficiently and economically. After reading this book, you will be able to devise more efficient and economical ways to meet your customers’ requirements, no matter who or where your customers are. You will learn that the goal of any process is to service or supply customers with what they want. The book provides tools and techniques that will assist you in gaining a 360-degree view of the process so that you can help the business unit improve the delivery of a quality product or a service to the customer.

Forensic Analytics

Methods and Techniques for Forensic Accounting Investigations

Author: Mark Nigrini

Publisher: John Wiley & Sons

ISBN: 9781118087633

Category: Business & Economics

Page: 480

View: 8200

Discover how to detect fraud, biases, or errors in your data using Access or Excel With over 300 images, Forensic Analytics reviews and shows how twenty substantive and rigorous tests can be used to detect fraud, errors, estimates, or biases in your data. For each test, the original data is shown with the steps needed to get to the final result. The tests range from high-level data overviews to assess the reasonableness of data, to highly focused tests that give small samples of highly suspicious transactions. These tests are relevant to your organization, whether small or large, for profit, nonprofit, or government-related. Demonstrates how to use Access, Excel, and PowerPoint in a forensic setting Explores use of statistical techniques such as Benford's Law, descriptive statistics, correlation, and time-series analysis to detect fraud and errors Discusses the detection of financial statement fraud using various statistical approaches Explains how to score locations, agents, customers, or employees for fraud risk Shows you how to become the data analytics expert in your organization Forensic Analytics shows how you can use Microsoft Access and Excel as your primary data interrogation tools to find exceptional, irregular, and anomalous records.

Swanson on Internal Auditing

Raising the Bar

Author: Dan Swanson

Publisher: It Governance Pub

ISBN: 9781849280679

Category: Business & Economics

Page: 336

View: 2965

A wealth of knowledge on internal auditing all in one place ... A must-read for corporate executives, IT staff, board members, security and auditing practitioners, and more! A culmination of 26 years experience in the internal audit field, this book encompasses a compilation of articles that the author, Dan Swanson - an internal audit veteran has prepared over the years. It is a comprehensive, yet concise, work which discusses numerous different internal audit challenges and practices, all in one place. It can serve as a roadmap to develop that true internal audit function. It opens with chapters that explain the internal audit function as a concept, and then proceeds through the specific topics that internal auditors must know: risk management, IT security, business continuity, ethics and compliance, and much more.

English for Internal Auditors

Author: Amanda Clare Murphy, Catherine Bell

Publisher: EDUCatt - Ente per il diritto allo studio universitario dell'Università Cattolica

ISBN: 8883114094

Category: Language Arts & Disciplines

Page: 181

View: 2988

Fraud Data Analytics Methodology

The Fraud Scenario Approach to Uncovering Fraud in Core Business Systems

Author: Leonard W. Vona

Publisher: John Wiley & Sons

ISBN: 111918679X

Category: Business & Economics

Page: 400

View: 5035

Uncover hidden fraud and red flags using efficient data analytics Fraud Data Analytics Methodology addresses the need for clear, reliable fraud detection with a solid framework for a robust data analytic plan. By combining fraud risk assessment and fraud data analytics, you'll be able to better identify and respond to the risk of fraud in your audits. Proven techniques help you identify signs of fraud hidden deep within company databases, and strategic guidance demonstrates how to build data interrogation search routines into your fraud risk assessment to locate red flags and fraudulent transactions. These methodologies require no advanced software skills, and are easily implemented and integrated into any existing audit program. Professional standards now require all audits to include data analytics, and this informative guide shows you how to leverage this critical tool for recognizing fraud in today's core business systems. Fraud cannot be detected through audit unless the sample contains a fraudulent transaction. This book explores methodologies that allow you to locate transactions that should undergo audit testing. Locate hidden signs of fraud Build a holistic fraud data analytic plan Identify red flags that lead to fraudulent transactions Build efficient data interrogation into your audit plan Incorporating data analytics into your audit program is not about reinventing the wheel. A good auditor must make use of every tool available, and recent advances in analytics have made it accessible to everyone, at any level of IT proficiency. When the old methods are no longer sufficient, new tools are often the boost that brings exceptional results. Fraud Data Analytics Methodology gets you up to speed, with a brand new tool box for fraud detection.

Internal Auditing Theory

A Systems View

Author: G. A. Swanson,Hugh L. Marsh

Publisher: Praeger Pub Text

ISBN: 9780899306087

Category: Business & Economics

Page: 217

View: 4875

This analytical study examines the function of internal auditing from the viewpoint of its role within organizations and within the economics of societies and governments. Swanson and Marsh place internal auditing in the context of the scientific conceptual framework of Living Systems Theory, and thus provide a basis for a systematic theoretical framework and a theory based on observable, measurable entities. They identify the advantages of using this system to advance the knowledge and understanding of organizations, and also propose a higher level of internal audit functions that can advance modern societies.

The Essential Guide to Internal Auditing

Author: K. H. Spencer Pickett

Publisher: John Wiley & Sons

ISBN: 9781119973829

Category: Business & Economics

Page: 384

View: 5718

The Second Edition of The Essential Guide to Internal Auditing is a condensed version of the Handbook of Internal Auditing, Third Edition. It shows internal auditors and students in the field how to understand the audit context and how this context fits into the wider corporate agenda. The new context is set firmly within the corporate governance, risk management, and internal control arena. The new edition includes expanded coverage on risk management and is updated throughout to reflect the new IIA standards and current practice advisories. It also includes many helpful models, practical guidance and checklists.

Quality Assessment Manual

Author: N.A

Publisher: Inst of Internal Auditors

ISBN: 9780894136351

Category: Business & Economics

Page: 110

View: 4716

Brink's Modern Internal Auditing

A Common Body of Knowledge

Author: Robert R. Moeller

Publisher: John Wiley & Sons

ISBN: 1119016983

Category: Business & Economics

Page: 832

View: 6444

Revised edition of the author's Brink's modern internal auditing, 2009.

Auditor's Guide to IT Auditing

Author: Richard E. Cascarino

Publisher: John Wiley & Sons

ISBN: 1118239075

Category: Business & Economics

Page: 464

View: 9278

Step-by-step guide to successful implementation and control of IT systems—including the Cloud Many auditors are unfamiliar with the techniques they need to know to efficiently and effectively determine whether information systems are adequately protected. Now in a Second Edition, Auditor's Guide to IT Auditing presents an easy, practical guide for auditors that can be applied to all computing environments. Follows the approach used by the Information System Audit and Control Association's model curriculum, making this book a practical approach to IS auditing Serves as an excellent study guide for those preparing for the CISA and CISM exams Includes discussion of risk evaluation methodologies, new regulations, SOX, privacy, banking, IT governance, CobiT, outsourcing, network management, and the Cloud Includes a link to an education version of IDEA--Data Analysis Software As networks and enterprise resource planning systems bring resources together, and as increasing privacy violations threaten more organization, information systems integrity becomes more important than ever. Auditor's Guide to IT Auditing, Second Edition empowers auditors to effectively gauge the adequacy and effectiveness of information systems controls.

Internal Audit Quality

Developing a Quality Assurance and Improvement Program

Author: Sally-Anne Pitt

Publisher: John Wiley & Sons

ISBN: 1118715519

Category: Business & Economics

Page: 400

View: 1040