With technology and globalization creating opportunity and peril in the blink of an eye, risk has replaced the old blue-chip standard of control as the means by which organizations navigate the new information economy. That's the assertion of this in-depth study on risk management past, present, and future.  Examining the entire business process through the lens of risk, authors Selim and McNamee depict risk-based auditing as a crossroads for the profession.  "Focusing on controls over transactions buried the internal auditor in details of the past, limiting the value of any information derived," they write. "By focusing on risks to present and future transactions, the auditor is working at a level above details and dealing with the obstacles for organizational success."  The research report looks at the various impacts risk management has had on the profession and some of the strategies now in use, such as macro- and micro-risk assessment and scenario planning for fraud and deception, employee theft, burglary, and unlawful duplication. The report also examines the future impact of risk management on the structure of internal auditing as it links with managerial and strategic elements in achieving goals. If you (and key managers within your organization) are seeking to better understand risk management and the role internal auditors play in it, make a place for this important report in your resource library.

Risk Management: Changing the Internal Auditor's Paradigm

Business & Money

Georges M. Selim

David McNamee

Accounting

The IIA Research Foundation

Never before has corporate governance been more important to the health and well-being of organizations all around the world. Nor has there been greater need for practical how-to information for those who serve as board members. Corporate Governance and the Board - What Works Best delivers exactly what its name suggests.  Presenting the best ideals for the highest level of board effectiveness, this publication astutely guides board members in their role of enhancing shareholder value. A must-read for all directors, regardless of their organization' s size or industry, this practical resource is sure to become the board beacon for years to come.

Corporate Governance and the Board: What Works Best

Management & Leadership

CIA Model Exam Questions-IPPF Aligned features 400 sample CIA questions (100 questions per exam part), along with expanded solutions, and reflects content changes due to the modifications to the CIA syllabus effective with the May 2004 testing cycle.  CIA Model Exam Questions- IPPF Aligned is intended as a means of familiarizing interested parties with the content and format of the CIA exam. It is not meant to replace the material supplied by other providers of CIA exam review materials. The questions in this publication, whether new or adapted from earlier CIA exams, are simply representative of the format, length, and content of questions that a CIA candidate can expect to see on future exams.

CIA Model Exam Questions- IPPF ALIGNED

The purpose of this study guide is to help you prepare to pass the Certification in Control Self-Assessment (CCSA). The guide provides a general overview of the topics that will be covered in the exam. However, it is critical that you perform additional study in areas where your experience or background dictates the need for additional review. A list of reference materials is included to provide additional resources to supplement your study.

Certification in Control Self-Assessment (CCSA)

James K. Kincaid CIA CGAP CFSA

Williams J. Sampias CISA CFSA

Al Marcella Ph D. CFSA CISA

The original edition of Implementing the Professional Practices Framework was written to provide internal auditors with guidance on how to put into practice the set of International Standards for the Professional Practice of Internal Auditing, which had been issued over a period from December 2000 to October 2001. Since the original issuance of these Standards, the practices of external and internal auditing have gone through a period of the most intense scrutiny and change in their respective histories. Yet the Professional Practices Framework and particularly the Standards have held up well. The principles and concepts underlying the Framework and the Standards have proven a solid foundation for the internal auditing profession. Who would have predicted back in 2000 the significant role internal auditing would so quickly come to play in organizational governance? Who could have foreseen the impact on internal audit practice in the U.S. of section 404 of the U.S. Sarbanes-Oxley Act of 2002? The information in this handbook is designed to serve as a practical guide for applying the Professional Practices Framework. This crash course outlines the specific actions auditors must take to comply with the Standards. In doing so, it reviews basic information on the essential elements required for providing effective internal audit services, discusses in depth those elements representing significant change, and provides specific tools and techniques for achieving compliance.

Implementing the Professional Practices Framework, Second Edition (The Iia Research Foundation Handbook Series)

CCSA

Urton Anderson

PH.D.

CGAP and Andrew Dahle

Human resource (HR) management covers a broad spectrum of workforce activities. Despite its integral role, HR is often considered a soft area and management may not understand the inherent risks involved with this function, including employment law issues, compensation and benefit plan design, recordkeeping, and potential fraud issues.

Auditing Human Resources, 2nd Edition (The Iia Research Foundation Handbook Series)

SPHR

Kelli W. Vito

Human Resources

El hecho de ser nuevo en la profesión no significa que tenga que pensar como un novato. Evaluación Eficaz del Sistema de Control Interno le permite a los profesionales, académicos y a todos aquellos que tengan alguna relación con el control interno obtener "experiencia inmediata".  A diferencia de algunos manuales que se concentran en cuadernillos básicos de ejercitación, esta guía orientadora profundiza conceptos tales como:  ·       Mejoras en el diseño y eficacia de los controles internos  ·       Análisis y evaluación de la organización y controles a nivel de las actividades  ·       Preparación y presentación de las evaluaciones del control interno  Además de: ·       Análisis del fraude  ·       Administración del riesgo  ·       Informe financiero  ·       Sistemas de información  ·       Planificación de la auditoría  ·       Controles de calidad  ·       Gobierno corporativo  La mayoría de los capítulos incluyen una serie de ejercicios que lo ayudarán a obtener un conocimiento práctico sobre el tema. Esta dinámica guía ofrece perspectivas sobre el rumbo y los desafíos futuros de la auditoría interna como profesión, al mismo tiempo, brinda las herramientas para evaluar los riesgos claves y las deficiencias del control. Evaluación Eficaz del Sistema de Control Interno le dará libertad para desarrollar recomendaciones con confianza y así mejorar sus procesos y la gestión de riesgos.  -------------------------------------------------------------------------------------------------------------------------------------------- Just because you’re new to the profession doesn’t mean you have to think like a novice. The Effective Evaluation of the Internal Control System gives practitioners, business graduates, and others entering the field of internal auditing “instant experience.” Unlike some manuals that concentrate on basic workbook exercises, this orientation guide provides in-depth guidance on concepts such as:  ·       Improving the design and effectiveness of internal controls  ·       Testing and evaluating entity and activity level controls  ·       Preparing and presenting internal control assessments  Plus: ·       Fraud analysis  ·       Risk management  ·       Financial reporting  ·       Information systems  ·       Audit planning  ·       Quality controls  ·       Corporate governance  Most chapters include a set of exercises to help you gain a practical understanding of the subject matter. This dynamic guide offers insights into the future direction and challenges of a career in internal auditing while providing the tools to evaluate key risks and control deficiencies. The Effective Evaluation of the Internal Control System will give you the freedom to confidently develop recommendations to improve your processes and management of risk.

Evaluacion Eficaz del Sistema de Control Interno (Spanish Edition)

Patricia Berbia

Procurement is the largest or second-largest category of expenditure in most organizations. This book offers practical advice for auditing the procurement function, and it is intended to be of relevance for all types and sizes of organization globally -- in the private sector, the not-for-profit or charitable sectors, local and national government, and international organizations. The book discusses: ·the definition, scope and importance of procurement ·the core challenge of procurement and concept of best value for money ·the important risk areas of fraud, ethics, and socio-economic factors ·common risks, procedures, and internal controls at different stages of the procurement process ·procurement strategy and planning ·the typical sequence of events in the procurement cycle for individual transactions 
 Auditing the Procurement Function is an important book for internal auditors, external auditors, and all those with an interest in the auditing of procurement (including members of audit committees, procurement professionals, and those who are subject to auditing).

Auditing the Procurement Function (The Iia Research Foundation Handbook Series)

David O Regan

The IIA s International Standards for the Professional Practice of Internal Auditing, Standards, requires all internal audit activities, regardless of industry, sector, or size of staff, to develop and maintain a Quality Assurance and Improvement Program. The essential elements of a QAIP include internal and external assessments.
Revised by leading quality assessment experts and reviewed by an international team of practitioners, this Quality Assessment Manual offers a new methodology and broadens the focus to include all components of a QAIP, internal assessments, metrics, continuous improvement and reporting, as well as external assessments. Aligned with the Standards, this Quality Assessment Manual outlines a quality assessment process flow that streamlines gathering of evidence and eliminates duplication of work, contains standardized tools that promote ease of use while achieving consistency in assessment techniques and documentation of results, and offers a Road Map that highlights the alignment of specific assessment activities to assist with conformance to the Standards. The Quality Assessment Manual is a must have reference for every internal audit activity and chief audit executive s resource library.

Quality Assessment Manual for the Internal Audit Activity

CISA

CRMA

PHD.

James Roth

Patrick Copeland CIA

Donald Espersen

Martha Catherine Judith Grobler

There is ample opportunity for auditors to dramatically improve the efficiency and effectiveness of both in-house and external legal counsel. Auditing the legal process is one way to help reduce waste associated with legal representation. 
 The audit can be performed within a reasonable amount of time and with a moderate amount of resources, provided the appropriate steps have been taken: Planning the audit Employing the right staff Performing the right audit steps Limiting the distribution of the report Performing a timely follow-up 
 Legal Services: Auditing the Process provides audit checklists, key notes, and a detailed set of tests that will be useful to internal auditors and anyone subject to an audit of legal services.

Legal Services: Auditing the Process

James S. Fargason CIA LLM CPA CMA CFE

Law Practice

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Books by The IIA Research Foundation