Agile Audit Transformation and Beyond

Description

Auditing at the speed of risk requires internal auditors to rethink the way we work. Agile auditing provides a path forward that blends the best elements from agile project management and internal audit best practices. Leaders in internal audit are ready to incorporate an agile audit mindset in their departments, but most of the available resources provide theoretical ideas. Even when outside consultants lead an agile transition, the consultants primarily focus on adding agile ceremonies without addressing the fundamental mindset change required for an agile audit transformation. This book provides a practical guide for audit leaders to follow as a playbook for implementing agile across their department, impacting every facet of the audit lifecycle, and addressing the mental shift required for making a lasting change. Every chapter includes discussion questions to facilitate discourse or just to help you analyze your own department. Next, we look at a typical internal audit department as they attempt the transition from a traditional audit methodology to agile auditing so we can learn from their missteps and successes. The guidance in Agile Audit Transformation and Beyond includes the basics of agile auditing, practical directions for shifting each phase of the audit life cycle, common hurdles faced during the transition, and forward-looking thought leadership on expanding beyond internal audit into agile assurance. Cover Half Title Series Page Title Page Copyright Page Dedication Contents CHAPTER 1: DEFINING AGILE AUDIT What Is Agile Auditing? Agile Audit Transition Agile Audit Benefits Agile Roles and Audit Equivalents Agile Terms and Audit Equivalents Discussion Questions Case Study CHAPTER 2: ASSESSING READINESS Assessing Your Department Understanding Your Culture Avoiding Common Transition Pitfalls Discussion Questions Case Study CHAPTER 3: AGILE AUDIT LIFECYCLE Traditional vs. Agile Audit Lifecycle Agile Audit Risk Assessment Agile Audit Plan Agile Audit Capacity Planning and Scheduling Agile Audit Execution Agile Audit Reporting Discussion Questions Case Study CHAPTER 4: AGILE AUDIT RISK ASSESSMENT Rethinking the Audit Universe Starting with Strategic Risks Incorporating Emerging Risks Management Interviews Risk Self-Assessments Performing the Assessment Discussion Questions Case Study CHAPTER 5: AGILE AUDIT PLANNING Backlog Development User Story Development Audit Prioritization Capacity Planning Scheduling Timeboxing Team Member Selection Including SMEs Discussion Questions Case Study CHAPTER 6: AGILE AUDIT EXECUTION Organizing the Audit Managing the Audit Engagement Auditing in Sprints Daily Standup Meetings Managing the Audit Team Sprint Reviews with Management Discussion Questions Case Study CHAPTER 7: AGILE AUDIT REPORTING Audit Engagement Reporting Audit Committee Reporting Audit Results Visualization Reporting Within the Timebox Agile Audit Committee Frequency Agile Audit Committee Format Presentation Development Discussion Questions Case Study CHAPTER 8: TRANSITION TO AGILE AUDIT Selling Agile Internally Establishing Your Agile Transition Objective Building a High Performing Team Training the Audit Management Team Training the Agile Audit Team Piloting the Risk Assessment through Planning Piloting Audit Execution Piloting Reporting Measuring Your Progress Embedding the Mindset The Role of Agile Certifications Discussion Questions Case Study CHAPTER 9: PLANNING FOR AGILE ASSURANCE An Agile Audit Maturity Model Moving Up the Maturity Model Planning for Future Growth Expanding Through Agile Assurance Embracing Technology Enablement Anticipating Technology Advancement Discussion Questions Case Study CHAPTER 10: THE WAY FORWARD Taking the First Step Planning for Mistakes Assessing the Benefits CHAPTER 11: MEETING THE IIA STANDARDS The Standards APPENDIX AND GLOSSARY Audit Maturity Assessment Articulating Your Agile Audit Maturity Plan Agile Transformation Example Project Plan Glossary INDEX