By Robert L. Mainardi
"In order to make sure that the constitution surrounding the operational atmosphere is sound, auditors and controllers want information on the way to take non-stop auditing from suggestion to truth. Drawing at the author's twenty years of auditing adventure, this booklet is a 'how to' for construction, advertising and marketing, and dealing with a continuing auditing approach for corporations. It offers step by step guide relating to non-stop auditing targets, a guide for execution, and information for attaining higher SOX paintings. utilizing documented, confirmed innovations, non-stop Auditing is a necessary textual content for these considering regulating monetary information"-- learn more... Preface -- Acknowledgments -- 1. Defining non-stop Auditing -- 2. the place to start -- three. non-stop Auditing method improvement -- four. getting ready for a continual Audit -- five. non-stop Auditing: origin part -- 6. non-stop Auditing: strategy section -- 7. non-stop Auditing: Execution part -- eight. Root reason research -- nine. non-stop Auditing Reporting and subsequent Steps -- 10. motion Plans -- eleven. non-stop Auditing stipulations -- 12. promoting non-stop Auditing -- thirteen. non-stop Auditing demanding situations -- 14. non-stop Auditing makes use of and clients -- 15. non-stop Auditing classes discovered -- APPENDIX: non-stop Auditing suggestions -- in regards to the writer -- Index
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Extra info for Harnessing the Power of Continuous Auditing: Developing and Implementing a Practical Methodology (Wiley Corporate F&A)
Audits should never be looked at as an assignment. Auditors need to adjust their thinking and consider every opportunity with a client as another chance to create, build, and maintain a relationship. Always remember that a strong relationship takes time to establish and is based on trust. Obviously, it is much simpler to perform an audit as an assignment because building a relationship requires dedication. However, in order to complete an audit, the audit team is going to rely on the client to work closely with the auditors and provide the detailed information to be tested.
One note of caution: The survey will improve the effectiveness and efficiency of audit operations only if client feedback is reviewed and validated where necessary, and if action is taken to address the opportunity for improvement. 10. IAD completes audits with minimal client disruption. Many audit clients assess the success or failure of an internal audit based on how much disruption the audit team imposes on daily business operations. Business C02 11/24/2010 24 8:42:25 & Page 24 Where to Begin units in any company are focused on providing customer service, whether the client is internal or external.
Most business units are not overly excited and welcoming when internal C04 11/24/2010 36 9:2:50 & Page 36 Preparing for a Continuous Audit auditors come into their area for a review; assignment to an area where there is no baseline information to start planning increases the pressure on auditors. With no existing information available on which to develop their plan and audit approach, auditors need to discover the necessary background on the new area in the most efficient and effective manner. There are seven different ways to gain business knowledge background on the area: 1.