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

  The Financial Sector: Risks, Controls and Assurance after the Financial Crisis

  Daniel Nelson

  …the perspective of the world of internal audit: the AIG’s near collapse, and salvation by the US government. In extreme summary, AIG had entered… …internal audit. 4 Lessons for Internal Auditors First of all it has been reported that internal audit did not have sufficient or adequate access to… …AIGFP. Assuming that this was the case, the first elementary lesson-learned is that internal audit should have adequate and complete audit scope coverage… …of areas with important risks. The second observation would be that internal audit should not have any restriction in terms of access to review any… …lesson-learned here is obvious: internal audit should review the risk management governance and op- erational arrangements, to ensure that there are no such gaps… …clarity over internal control rules and responsibilities for the organization as a whole and the fourth one was the role of the audit committee. For the… …review and oversight of the work of internal audit, when its charter is compared to charters in other financial institutions. But when I went to look at… …the audit committee is not the only body responsible for oversight of AIG’s risk assessment and management. The 2009 charter also goes on to state… …that AIG manages and assesses its risk through multiple mechanisms other than the oversight of the audit committee, including the oversight of other… …committees of the Board. I submit that these key changes are im- portant lessons-learned, and that they tie-in to the weaknesses in internal audit and in risk…

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

  Doing More with Less

  Neil Baker

  …resources? Geoffrey Storms is philosophical about the impact of the economic downturn on his internal audit function. His current employer recruited him… …four years ago to build an audit function from scratch. His team has been working hard to educate man- agement and the board about what internal audit… …against the budget cuts. He told senior management at the mining company where he is the head of internal audit that pruning audit resources in a downturn… …ing to persuade people who hold the corporate purse strings that now would be the worst time to cut audit resources. Naturally, the heads of other… …piece of a shrinking budget pie. So does internal audit really deserve special protection? And if it does have to take a share of the pain – which seems… …to be the case for most audit functions – how can heads of internal audit rework their plans so they continue to deliver assurance and value with… …less money? 1 Budget Crunch Storms met his budget cut by losing two front-line audit posts. His internal audit team has three managers, each with his… …or her own audit staff – there were 15 peo- ple in total, nine of whom actually worked on audits. That number has fallen to seven. Baker 100… …“We examined the audit plan for 2009 and considered how we would accomplish our objectives with two fewer staff members,” Storms says. They eventually… …with his audit committee. When he joined the company four years ago, the committee gave him a mandate to identify and risk-rate its audit universe, and…

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

  Performance Measurement and Controlling of Internal Audit – More Than Just a Measurement Problem

  Dr. Andreas Langer, Andreas Herzig, Prof. Dr. Burkhard Pedell

  …107 Performance Measurement and Controlling of Internal Audit – More Than Just a Measurement Problem By Dr. Andreas Langer, Andreas Herzig… …, Prof. Dr. Burkhard Pedell72 Internal audit must face the challenge of measuring, documenting and communicat- ing its added value. For this purpose… …, the customers and functions of internal audit must first be identified. Significant deficits still exist with performance measure- ment on this basis… …added value of internal audit. Therefore, clear and transparent criteria should be used as a basis for the selection of indicators; relevance, reactivity… …, controllability and output orientation are suitable as basic criteria. The further development of the performance measurement and controlling of internal audit… …internal audit, it is well advised – as well as any other corporate department – to provide evidence that the resources, which it utilises, and the results… …internal processes in inter- nal audit has tended to take place in Anglo-Saxon literature. The question regarding which contribution is provided by internal… …audit to enterprise value and how this can be measured has also been frequently asked, but has not yet been answered very concretely. The debate… …surrounding this issue and relevant application-oriented ap- proaches has lagged behind the importance of this subject until now. In fact, inter- nal audit can… …division in Germany and heads up the Internal Audit and Controls Assurance divisions; Prof. Dr. Burkhard Pedell is a Full Professor of Management Accounting…

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

  Internal Auditor – Generalist or Specialist

  Dr. Heinrich Schmelter

  …123 Internal Auditor – Generalist or Specialist By Dr. Heinrich Schmelter73 The work of internal audit is subject to a constant change… …Engineer- ing), young auditors can advance from audit assistant, to auditor and senior auditor. Other career options are chief auditor and ultimately… …, internal audit manager. The auditors working in industrial companies can accordingly be roughly classified into 5 career status levels: – audit… …assistant – auditor – senior auditor – chief auditor or decentralised audit manager – internal audit manager For some of the internal auditors, the… …aim could be to move to the specialist de- partments – e.g. after 5 years at the earliest. Conversely, internal audit departments sometimes also… …audit employees – with long-term experience – and 50 % employees moving into or out of the department, with only a temporary audit activity74… …. ___________________ 73 Dr. Heinrich Schmelter has been working in management functions for 30 years (audit, con- trolling and IT), in the automobile industry. 74… …Specialist department Auditor (min. 3 years) Audit assistant (min. 2 years) Move from specialist department UAS/ university degree Audit as “springboard”… …for career and move to specialist department Decentralised (foreign) internal audit manager (min. 3 years) Internal audit manager Chief (min. 2… …years)Auditor(min. 3 years) Audit assistant (min. 2 years) “Career” in audit Senior auditor min. 2 years 0 2 5 7 8 10 years Chief (min. 2 years) Senior Auditor…

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

  Audit Marketing

  Dr. Hannes Schuh

  …139 Audit Marketing By Dr. Hannes Schuh89 The esteem in which a company holds its Internal Audit department can be in- creased by… …targeted marketing measures. It is worth considering audit marketing beyond the numerous, mainly process-oriented measures available in the literature and… …applying the logic of marketing. 1 Audit Marketing as a Part of General Marketing As part of the general marketing concept, which refers to the company as… …, the company’s own depart- ments91, audit marketing focuses on Internal Audit Unit’s exchange relationships in the overall organization. Accordingly… …, the key issue for audit marketing is: With which marketing tools can the acceptance and impact of Internal Audit Units be improved in the overall… …organization? On the one hand audit marketing focuses on the position of Internal Audit Unit in the company, while on the other it is also associated with… …marketing activities is not “The Internal Audit Unit is a (very) good department in the company”, but that “The Internal Audit Unit actively adds value to… …the company with high-quality measures!” The audit of the efficiency and to a certain extent the effectiveness of the company's marketing is also a… …part of the audit universe, but this will not be discussed further here. ___________________ 89 Dr. Hannes Schuh is an audit manager in an Austrian… …(Introduction to marketing), p. 3 Schuh 140 2 Examples of the Current Status of Audit Marketing According to the IIA Austria, audit marketing includes92…

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• eBook

  Leitfaden zur Prüfung von Projekten

  Erläuterungen und Empfehlungen zum DIIR Standard Nr. 4
  

  978-3-503-12941-6

  Robert Düsterwald, Ulrich Schwarz, Kai Trinkaus, Michael Peis, u.a.

  …Darstellung des Audit Universe erleichtert Ihnen zudem die Projektrevision in der Praxis und hilft, projektinhärente Risiken für das Unternehmen zu reduzieren…
• eBook-Kapitel aus dem Buch Leitfaden zur Prüfung von Projekten

  Einleitung

  DIIR – Deutsches Institut für Interne Revision e. V., Robert Düsterwald, Susanne Fries-Palm, Michael Peis, u.a.

  …Prüfungen ein. Das als Matrix aufgebaute Audit Universum verknüpft die Prüfgebiete und Prüffelder mit den jeweiligen Projektphasen und kann dem erfahrenen…
• eBook-Kapitel aus dem Buch Leitfaden zur Prüfung von Projekten

  Audit Universe im Überblick

  DIIR – Deutsches Institut für Interne Revision e. V., Robert Düsterwald, Susanne Fries-Palm, Michael Peis, u.a.

  …27 3 Audit Universe im Überblick 3.1 Prüfgebiete, Prüffelder und Prüfgegenstände Bereits im DIIR Standard Nr. 4 werden die Begriffe „Prüfgebiet“… ….: Systematische Entwicklung eines risikoorientierten Prüfpro- gramms durch die Nutzung der MOPTIC-Methode, ZIR 5/2009. 28 Audit Universe im Überblick stellung… …Projektrevision Das Audit Universe beschreibt die Prüfgebiete und Prüffelder der Projektre- vision. Dabei können auch die Projektphasen berücksichtigt werden… …. Managing Successful Pro- jects with PRINCE2, 2009, S. 307 und 313. 30 Audit Universe im Überblick tenprodukte werden durch das Projektteam nach… …bei einer erstmaligen Prüfung möglichst auch in der aktuellen Phase 32 Audit Universe im Überblick zu prüfen (z. B. Pläne). Wurden sie bereits… …Audit (Prüfung der fachlichen Anforderungen) zugeord- net. Die Prüfung von Projektprodukten unterliegt nicht den Empfehlungen für die Prüfung des… …Prototyp Zwischen- produkte Endprodukt 34 Audit Universe im Überblick 3.3 Unterschiede in den Produktkategorien aus prüferischer Sicht 3.3.1 Prüfung… …notwendig wird. Daher wird empfohlen die fachlichen An- 36 Audit Universe im Überblick forderungen und ihre Umsetzung im Rahmen einer sog… …„Project Audit Universe“ (vgl. Abbildung 4: Matrixmodell des Project Audit Universe).9 Die Struktur des „Project Audit Universe“ ist an die… …modifiziert. Abbildung 4: Matrixmodell des Project Audit Universe 10 Prüfgebiete und Projekt- phasen PROJEKT PHASE I Findung PROJEKT PHASE II Planung…

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• eBook-Kapitel aus dem Buch Leitfaden zur Prüfung von Projekten

  Audit Universe – Prüfgebiete und Prüffelder

  DIIR – Deutsches Institut für Interne Revision e. V., Robert Düsterwald, Susanne Fries-Palm, Michael Peis, u.a.

  …39 4 Audit Universe – Prüfgebiete und Prüffelder Die folgenden Kapitel stellen Beispiele aus der jahrelangen Prüfungspraxis und aus der Sicht… …Darstel- lungen und Informationen der – bislang uneinheitlichen – Projektmanage- ment-Methodologie möglich. In der Matrix des Audit Universe sind… …Kom- munikationsmanagementstrategie. 40 Audit Universe – Prüfgebiete und Prüffelder Ziele Das Ziel einer Projektorganisation ist es, den Rahmen für… …stellt ein besonderes Risiko für den Projekterfolg dar. 42 Audit Universe – Prüfgebiete und Prüffelder Prüfungsansatz Die Untersuchung der… …wurden die entspre- chenden Voraussetzungen geschaffen? 44 Audit Universe – Prüfgebiete und Prüffelder � Sind die Pläne aller einzelnen Teams mit… …Basis für die „Arbeitspakete“ der Projektteams und 46 Audit Universe – Prüfgebiete und Prüffelder Eingangsgröße für die Planung… …geschlossen. 48 Audit Universe – Prüfgebiete und Prüffelder Identifizieren von Änderungen Analysieren der Änderungen Bewerten der Änderungen Planen der… …, Statusbe- richte) � Planungsdokumente, wie Termin- und Ressourcenplan aufgrund von grö- ßeren Änderungen 50 Audit Universe – Prüfgebiete und Prüffelder… …52 Audit Universe – Prüfgebiete und Prüffelder projektspezifischen Entscheidungsprozesses darstellen, zum anderen wichti- ge Einflussgrößen direkt… …werden. 54 Audit Universe – Prüfgebiete und Prüffelder Bei der Prüfung der Kosten selbst sollten folgende Aspekte berücksichtigt werden: �…

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