Beyond Audit: Auditing Remotely and Delivering Value

Description

Cover Title Page Copyright Contents Preface Acknowledgments About the Author 1 What Happened Audit Execution Challenges Understanding Your Role Critical Meeting Keys 2 Understanding the Remote Approach Traditional versus Remote Audit Recognizing the Challenges Understanding the Business Process Responsibility Assignments Communicating Critical Information Audit Planning Audit Fieldwork Audit Reporting Audit Wrap‐Up 3 Marketing the Internal Audit Department Creating Your Audit Brand Defining Internal Audit Internal Audit's Three Pillars Explaining the Audit Phases Dispelling the Myths 4 Building an Effective Audit Team Beyond Audit Learning Map Skills Focus in the Remote Environment Communication Listening Remote Business Partner Meetings Agendas Drive the Meeting Audit Status Memos Remote Auditor Skills Profile Beyond Audit Development Plan 5 The Methodology – Objective Recognition Improving the Audit Process Beyond Audit – ORC Model Understanding the Business Identifying and Documenting Business Process Risks and Controls Developing the Audit Test Identifying the Business Objective Business Objective Identification Challenge Business Objective Identification in a Remote Audit Business Process Risks Business Process Controls Completing the Audit Planning 6 Audit Fieldwork Fieldwork Communication Fieldwork Responsibilities Workpaper Requirements Beyond Audit – Baseline Workpaper Components Purpose Source Scope References Signoffs Tickmarks Testing Exceptions and Conclusion Sufficient Evidence Workpaper Self‐Review and Keys Beyond Audit – Top 10 Keys to Managing Fieldwork 1. Know the Assigned Objectives 2. Know Your Customer 3. Set Realistic Expectations 4. Be a Leader 5. Understand Documentation Requirements 6. Communicate Constantly 7. Obtain Required Documentation 8. Manage Project Risks 9. Verify Deliverables and Conclusions 10. Evaluate Fieldwork Execution 7 The Methodology – Partner Results Communicating Audit Results Understanding the Audit Report Phase Audit Report Foundation Beyond Audit – Issue Discussion Keys Audit Reporting throughout an Audit Effective Internal Audit Report Components Overall Opinion Audit Objectives and Corresponding Ratings Exception Issues Built with the Five Components Business Process Background Summary Audit Report Challenges 8 Internal Audit Value Defining Real Action Steps in Creating an Action Plan Action Plan Development Action Plan Implementation Action Plan Adoption Action Plan Reporting Action Plan Adoption Process CA Methodology Overview Foundation Approach Execution Action Plan Tracking 9 Internal Audit Dashboards Dashboard Defined Beyond Audit – DDIO Methodology DDIO – Define Phase DDIO – Develop Phase DDIO – Implement Phase DDIO – Operate Phase Audit Dashboard Functions Audit Dashboard – Lessons Learned 10 Communication Focus Understanding the Communication Model Right Message Right Person Right Time Message Delivery Don't Get Emotional Reduce the Noise Make the Call Listen with Purpose The Value of Listening Beyond Audit Advisor Approach Meeting Preparation Meeting Facilitation Internal Audit Relationships Beyond Audit – Identify Pillar Beyond Audit – Build Pillar Beyond Audit – Maintain Pillar Beyond Audit – Internal Audit Marketing Beyond Audit – Meeting Facilitation Keys 11 Analyzing Internal Audit Beyond Audit – ARB Methodology ARB Category One – Foundation ARB Category Two – Team ARB Category Three – Precision ARB Category Four – Data ARB Category Five – Offerings ARB Category Six – Value ARB Conclusion 12 How Good Is Audit? Introducing the Top Ten 1. Defined Audit Methodology 2. Business Process Knowledge 3. Continuous Auditing 4. Implemented Dashboard 5. Effective Technology Usage 6. Visionary Leadership 7. Change Agent 8. Best Team 9. Communication Skills 10. Transparency Creating an Action Plan 13 Focused on Learning Remote Learning Index EULA