The Essential Guide to Internal Auditing
In recent years the field of internal auditing has undergone significant changes. Auditors no longer spend all of their time preparing detailed reports on low-level problems for junior operational managers; instead they focus on the high-level risks to organizations and present their findings to executive boards and audit committees. They are expected to work with and alongside busy managers to enable them to identify and manage risks to their organizations, while retaining a degree of independence so as to ensure the professional scepticism so essential to the audit role.Previously published asThe Essential Handbook of Internal Auditing, this book has been completely revised to comply with the Institute of Internal Auditor's (IIA) International Standards for the Professional Practice of Internal Auditing, released during 2009. Drawing on his extensive experience of internal audit, K.H. Spencer Pickett clarifies the new audit context and shows how this context fits into the wider corporate governance, risk management and internal control arenas, providing a comprehensive guide to the theory and practice of internal auditing.KEY FEATURESCovers the new standards for internal audit issued by the IIA.Defines the new role of auditors in corporate governance, risk management and internal controls.Provides practical advice on the essentials of auditing, including professional standards, different audit approaches, the management of internal audit, planning, performance and reporting audit work and specialist areas such as fraud and information system (IS) auditing.Is supported by a book companion web site at www.wiley.com/go/pickett