Suchergebnisse

• eBook-Kapitel aus dem Buch Accounting Fraud

  A Practice Aid for Auditors: Fraud Interviews – An Inquiry Guide

  Prof. Dr. Klaus Henselmann, Dr. Stefan Hofmann

  …. These cases were well beyond the scope of a traditional audit. Nevertheless, auditors have to be more aggressive in order to detect fraud. They have to… …plan and perform every audit with an increased focus on professional scepticism in gathering and evaluat- ing audit evidence. All members of the audit… …team have to be motivated to think about how and where fraud might occur. They have to conduct the audit with a mindset that recognizes the possibility… …that fraud could be present, regardless of any past experience with the audit client and regardless of the belief about manage- ment’s honesty and… …practice aid designed to help the audit team to plan and tailor these fraud interviews as required by the international auditing standards. It in- cludes… …– As you are probably aware, CPAs today are required to assess the risk of fraud in the audit of every company, not just yours. Therefore, we need to… …report to? – Has management reported to the audit committee on the process for identify- ing and responding to the risk of fraud? Has management reported… …the Audit Committee – How does the audit committee communicate with management its views about business practices and ethical behaviour? How would… …such instances to the board? If so, what was the response? – Does the audit committee have knowledge of any actual fraud or suspected fraud… …, analysts, regulators, suppliers or others? Appendix: Practice Aids 300 – Do employees have a direct channel to the audit committee? Are such chan-…

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• eBook-Kapitel aus dem Buch Revision des externen Rechnungswesens

  Digitale Datenanalyse

  …Buchhaltungsmitarbeiter vorgenommen. 24 Vgl. z.B. Bönner, Arno, Herde, Georg, Riedl, Martin, Wenig, Stefan, „STAAN: Standard Audit Analysis – Teil III Bericht über…
• eBook

  Global Management Challenges for Internal Auditors

  ECIIA Yearbook of Internal Audit 2010/11
  

  978-3-503-12977-5

  European Confederation of Institutes of Internal Auditing (ECIIA), Neil Baker, Philipp Friebe, Adrián Garrido, u.a.

  …internal audit teams will be crucial. The experts of the ECIIA offer you insights and their knowledge about Internal Audit Standards & Professional Practice… …Framework, Corporate Governance & Risk Management, Internal Audit Practices and the future of Internal Auditing. An excellent overview about recent…
• eBook-Kapitel aus dem Buch Global Management Challenges for Internal Auditors

  Internal Audit Standards: Everything for Everybody

  Inta Ozolina

  …15 Internal Audit Standards: Everything for Everybody? By Inta Ozolina, Internal auditor (ACCA, CIA) The applicability and scope of IAI… …to the same extent. Namely, whether smaller companies with smaller size internal audit teams should comply with the same scope of Standards and how… …they should do it. We all know that the Standards are extensive, cover most key areas of internal audit profession and work. Even more – the… …least once in five years. And this is where the smaller internal audit teams may face serious challenges or even struggle. There are companies… …where audit teams are significant in size, fully equipped with all the necessary specialists to cover all areas of company business; even more so – many… …bigger teams are divided in compliance and operational auditors. But there are even more companies where internal audit teams are very small in size. The… …the management and owners? I do not think so. Does it make the compliance for smaller audit teams very hard if not impossible to obtain? Yes, it does… …... Even more so, in many companies the management and owners do not appreciate and simply cannot afford huge internal audit teams; the financial crisis has… …also hit many companies all over the world. Also, in many cases of smaller companies and audit teams respectively, the review of overall control… …reduce the amounts of working papers to improve efficiency and effectiveness; often the IA managers (and CAE’s) get their hands dirty during audit…

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• eBook-Kapitel aus dem Buch Global Management Challenges for Internal Auditors

  International Professional Practices Framework – Overview of the current guidance of the Institute of Internal Auditors

  T. Flemming Ruud, Philipp Friebe, Daniela Schmitz, Shqiponja Isufi

  …need to align the Professional Practices Framework (PPF) of Internal Auditing. In the meantime the Internal Audit has gained in importance due to… …established itself as the struc- tural basis for the activities of the Internal Audit. It is a self-contained framework which is recognized internationally by… …As a consequence, the Internal Audit profession faced higher expectations and new challenges, which increased the need for rules and guidelines for… …perform audit engagements. In order to effectively help the board and the management, it is necessary that the Internal Auditors behave in a professional… …manner. Professionalism provides the basis for trust in the work of the Internal Audit and is distinguished in particular by a high degree of integrity… …regulations which are principle-based and provide mandatory guides for the performance of Internal Audit activities and represent the core of the IPPF. Three… …the characteristics of individuals and organizations which perform Internal Audit activities. The Performance Standards specify the purpose and… …procedures of the Internal Audit. They also contain quality criteria, based upon which the services of the Internal Audit can be assessed. The Attribute… …Standards and the Performance Standards apply to all Internal Audit services. They are supplemented by the Im- plementation Standards, which contain specific… …Standards by specifying approaches, methods and best practice. The guidance refers to global, national and sector- specific aspects, to specific audit…

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• eBook-Kapitel aus dem Buch Global Management Challenges for Internal Auditors

  Efficient Risk Management in Leasing Companies

  Prof. Dr. Fikret Hadžiæ, Amir Softiæ

  …. Collection activities consist of a regular audit of records on the full insurance re- quired for leasing company benefit, and measures and activities for their…
• eBook-Kapitel aus dem Buch Global Management Challenges for Internal Auditors

  Company Culture is Worth the Cost

  Sergey Martynov

  …social needs are used to motivate the employees to achieve the company goals Figure 2: Maslow’s pyramid 4 Internal Audit and Company Culture… …it: it is therefore a factor that should be taken into consideration by the internal audit, just like all other signifi- cant company processes… …, providing an objective and independent assessment of the degree of convergence between the company values and the employees’ beliefs. The internal audit… …weaknesses of these activities. The result of the audit is the objective valuation of the company culture and the drawing up of recommendations to increase… …internal audit must focus on three main areas: the process, the results and the dy- namics. When assessing the process, the following questions must be… …culture improved over the last year? Through this procedure, the company culture audit enables us to answer the question: to what extent do the employees… …during our company culture audit: – not everyone is capable of adapting to new value systems when changing from one work environment to another, and… …of the audit – in the same organisation, different functions may present different levels of company culture. In the case of multinational… …company culture audit, re- ducing the influence of “desirable” responses.…

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• eBook-Kapitel aus dem Buch Global Management Challenges for Internal Auditors

  Governance Works, in Principle

  Neil Baker

  …, what should be done? The governance consultancy Independent Audit recently convened a meeting of 120 chairmen, chief executives and directors from FTSE… …Olisa, chairman of Independent Audit. The government’s new City minister, Lord Myners, said that boards were “part of the problem” and needed to be… …ask the difficult questions only when things have started to go badly. Delegates at the Inde- pendent Audit event wanted to see the performance of… …of the European Confederation of Institutes of Internal Audit (ECIIA), held recently in Berlin, that errant human behaviour caused financial crises… …internal audit? In the short term, there is no room for complacency. Effective internal audit is a key pillar of the corporate governance framework, so if… …protection of profitability, or operating effectively and effi- ciently; it is survival. And major institutions, doubtless with well-staffed internal audit… …audit can help. Indeed, the internal audit profession has been asking organisations to take these challenges more seriously for years. Perhaps now they…

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• eBook-Kapitel aus dem Buch Global Management Challenges for Internal Auditors

  Contribution by Internal Audit to IT Compliance

  Thomas Lohre

  …61 Contribution by Internal Audit to IT Compliance By Thomas Lohre, MBA29 The constant increase in laws, ordinances, norms, standards… …objective of corporate compliance and in IT specifically, IT compliance. Internal audit can make a valuable contribution to this, as it can ob- jectively… …Section 404 of the Sarbanes-Oxley Act. 34 See DCGK (2007). For the effects of the German Corporate Governance Code on the finan- cial statement audit… …Internal Audit to IT Compliance 63 suggestions. Nevertheless listed companies must comply with this code. With the “declaration of compliance”… …organisational, tech- nical and personnel measures. Internal audit should be regarded as part of the bun- dle of measures. 2 Elements and Regulations of IT… …implementation Does a correct licensing policy and licence management exist? Contribution by Internal Audit to IT Compliance 65 Four groups of legal… …description of the four success factors listed below. Contribution by Internal Audit to IT Compliance 67 With this, the preconditions are created for… …sector and to the area of IT. Contribution by Internal Audit to IT Compliance 69 usually led to legal consequences, however, it must also be… …and ensure creditworthiness. 5 Promotion of IT Compliance by Internal Audit When viewed in isolation, the fact that a company has an internal audit… …compliance.48 However in order to show that the internal audit department provides a valuable contribution to IT com- pliance, it will be discussed below, how…

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• eBook-Kapitel aus dem Buch Global Management Challenges for Internal Auditors

  Continuous Auditing: Myth and Reality

  Adrian Garrido

  …powerful concept, it is key to understand its limits and difficulties. Let’s be realistic, simple and flexible. Summary 2: Continuous Audit projects… …set of automated methods used for performing audit activities on a more frequent basis. This definition is ___________________ 70 Adrián Garrido… …(CIA) is Head of Internal Audit – South America Region at BBVA Group (agarridoh@grupobbva.com) Garrido 84 based around two central principles… …risks and problems as they occur, which means ultimately overcoming the old concept of audit cycle, usually measured in years. – Efficiency, greater… …confusion about the real meaning of Continuous Audit- ing, terms like Continuous Monitoring, Continuous Assurance or Continuous Risks Assessment are… …interconnected and mixed, raising doubts as to where the separation lies between management’s responsibility and that of Audit: – Is monitoring operations in… …real time a control task that should be performed by the line or could this be an Audit function? – Should it not rather be the Audit’s task to… …CFO.com under the title of “Internal Audit the continuous conundrum” began by stating that: “… A generally accepted definition of Continuous Auditing… …Internal Audit has been applying Continuous Auditing techniques for many years within the Branch Network and currently there is a considerably mature model… …of Audit. Continuous Auditing: Myth and Reality 87 – Secondly, an excessive focus on operations could cause us to lose sight of the overall…

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