Comprehensive Manual of Internal Audit Practice and Guide (ePub)

The Internal Audit Manual is a comprehensive, up-to-date presentation of the core responsibilities and challenges facing the internal audit in the present days. The manual is based on the experience achieved and the practice of internal audit work which have been envisaged on the ground and is based on the Principles and Practice of the Institute of Internal Auditors. It demonstrates a set of guidelines and an exemplary miniature process of internal auditing, describing all processes and different phases of internal audit. The in-depth description provides deep knowledge of the internal audit profession on issues such as the identification of risk based audit strategy and annual internal audit plan, internal control and fraud, the organisation and execution of audits as well as reporting and follow-up. The handbook also discusses the organisational structure of an internal audit division and departments. Separate chapters are also included as information systems auditing, quality assurance and improvement, audit evidence and working papers, and a special topic like business continuity plan. A check list is also provided in each chapter that provides insight perception of the principles and practice of Internal Audit profession.

As the manual is based on practical experience; it will provide guidance supported by numerous examples of audit practices, it may also serve as a guide to internal auditing work force, auditing personnel, students who are new in the field as well as all experienced internal audit professionals. It will also provide internal audit professional and practitioners with new insight in the field of audit expertise.

Furthermore, it is a highly detailed technical guide prepared for use by those within the internal audit profession. For practical use illustrative template, checklists, and questionnaire are included for applying audit procedures appropriately. In addition, as it includes a specific and comprehensive reference section that ensures users have all the information they require to fully understand the process.

Author

Kibreab Ftaw