Auditor essentials 100 concepts, tips, tools, and techniques for success

Description

Internal auditors must know many concepts, techniques, control frameworks, and remain knowledgeable despite the many changes occurring in the marketplace and their profession. This easy to use reference makes this process easier and ensures auditors can obtain needed information quickly and accurately. This book consists of 100 topics, concepts, tips, tools and techniques that relate to how internal auditors interact with internal constitutencies and addresses a variety of technical and non-technical subjects. Non-auditors have an easy-to-use guide that increases their understanding of what internal auditors do and how, making it easier for them to partner with them more effectively. Cover......Page 1 Half Title......Page 2 Title Page......Page 4 Copyright Page......Page 5 Contents......Page 6 Author......Page 12 Introduction......Page 14 1 Anonymous Polling/Voting......Page 18 2 Association of Certified Fraud Examiners (ACFE)......Page 20 3 Audit: Compliance......Page 24 4 Audit: Department......Page 32 5 Audit: Environmental......Page 36 6 Audit: Financial......Page 42 7 Audit: Integrated......Page 52 8 Audit: Operational......Page 56 9 Audit Committee......Page 60 10 Audit Plan......Page 62 11 Audit Program......Page 64 12 Audit Universe......Page 66 13 Balanced Scorecard......Page 68 14 Benchmarking......Page 72 15 Benford’s Law......Page 76 16 Board of Directors......Page 80 17 Cause and Effect Diagram......Page 86 18 CCCER/5C......Page 90 19 Certifications......Page 92 20 Charter......Page 98 21 Check Sheet......Page 102 22 COBIT......Page 104 23 Code of Ethics......Page 110 24 Communications Matrix......Page 114 25 Computer-Assisted Audit Tools and Techniques (CAATTs)......Page 118 26 Conflict of Interest......Page 124 27 Consulting......Page 128 28 Continuous Monitoring/Continuous Auditing (CM/CA)......Page 134 29 Controls......Page 138 30 Control Charts......Page 148 31 Control Self-Assessment (CSA)......Page 154 32 Corporate Governance......Page 158 33 COSO IC-IF......Page 164 34 Creativity......Page 168 35 Critical Thinking......Page 172 36 Corporate Culture......Page 180 37 Data Analytics......Page 188 38 Deficiencies—Design and Operating......Page 196 39 E’s......Page 200 40 Eight Areas of Waste......Page 204 41 Electronic Workpapers......Page 208 42 Emotional Intelligence......Page 214 43 Engagement Memo and Letter......Page 218 44 Enterprise Risk Assessment and Management (ERM)......Page 220 45 Ethics......Page 226 46 Evidence......Page 230 47 Fieldwork......Page 234 48 Findings......Page 240 49 Five Whys......Page 244 50 Flowcharts......Page 248 51 Focus Groups......Page 254 52 Follow-Up Audits......Page 256 53 Force Field Analysis......Page 260 54 Foreign Corrupt Practices Act (FCPA)......Page 264 55 Fraud......Page 268 56 Fraud Red Flags......Page 272 57 Fraud Triangle and Hexagon......Page 278 58 GANTT Charts......Page 286 59 Governance, Risk Management, and Compliance (GRC)......Page 288 60 GTAG......Page 292 61 Histograms......Page 298 62 IT Application and General Computer Controls (GCC)......Page 302 63 Information Systems Audit and Controls Association (ISACA)......Page 312 64 Institute of Internal Auditors (IIA)......Page 314 65 Interviewing......Page 318 66 Key Performance Indicators (KPI) and Key Risk Indicators (KRI)......Page 322 67 Lean Six Sigma......Page 326 68 Mentoring/Coaching......Page 330 69 Objectives......Page 334 70 Pareto Chart......Page 336 71 Persuasion......Page 338 72 Planning......Page 342 73 Poka-yoke......Page 344 74 Policies and Procedures......Page 348 75 Professional Skepticism......Page 352 76 Project Management......Page 356 77 Quality Assurance and Improvement Programs (QAIP)......Page 360 78 Questionnaires/Surveys......Page 366 79 RACI Chart......Page 370 80 Recommendations......Page 374 81 Reporting......Page 378 82 Risk......Page 382 83 Risk-Control Matrix......Page 388 84 Risk-Based Auditing......Page 394 85 Root-Cause Analysis......Page 396 86 Rotation Programs......Page 400 87 Sampling......Page 404 88 Sarbanes–Oxley Act......Page 408 89 Scatter Diagram......Page 416 90 SIPOC Diagrams......Page 420 91 Soft Skills......Page 424 92 Standards......Page 430 93 Testing......Page 434 94 Three Lines of Defense......Page 440 95 Time Management......Page 444 96 Tone at the Top......Page 448 97 Training and Development......Page 452 98 Trusted Advisors......Page 456 99 Whistleblowing Programs......Page 460 100 Workpapers......Page 466 Conclusion......Page 472 Index......Page 476