Auditing for Managers The Ultimate Risk Management Tool [Paperback]

At a time when many organizations are cutting their internal auditing departments, it's imperative that every manager understands the fundamentals of internal audits. This book is designed as a corporate resource to help managers and their teams set standards for self-auditing, risk management, compliance review, and formal disclosure reporting. Readers will learn proven, effective techniques for performing reliable and defensible audit reviews to ensure compliance with regulations and standards.Abbreviations.

1. Why auditing?

Introduction.

Why auditing?

External auditing.

Internal auditing.

Compliance auditing.

Fundamental components.

Common mistakes.

Check your progress.

Newsflash – read all about it.

The key messages.

2. The wider governance context.

Introduction.

The accountability dilemma.

Corporate governance.

The ethical platform.

The risk management concept: roles and responsibilities.

Internal controls.

Common mistakes.

Check your progress.

Newsflash – read all about it.

The key messages.

3. Basic risk concepts.

Introduction.

The risk model.

Risk identification.

Risk assessment.

Risk mitigation.

Risk appetites.

Common mistakes.

Check your progress.

Newsflash – read all about it.

The key messages.

4. Different audit approaches.&ll³ƒ