Audit Planning
Chapter One
WHY RISK-BASED
AUDIT PLANNING?
The chief audit executive should establish risk-based plans to determine
the priorities of the internal audit activity, consistent with the organization's
goals.
-IIA Standard 2010
INTRODUCTION
Internal auditing has grown tremendously over the years to reflect its new
high-profile position in most large organizations. It has shifted from back-office
checking teams to become an important corporate resource. The
focus on professionalism and objectivity has driven the new-look auditor
toward high-impact work that can really make a difference. Risk-Based
Audit Planning is the second book in the Auditing New Horizons book
series. The first book set out a framework for audit's role in ERM, while
this second book describes how to put these aspirations into action.
The practical focus of this book has necessitated a greater use of case
studies and checklists. Note that the same format of building purpose-made
models for each chapter as exists in Auditing Risk Management is
appli ... read full excerpt from Audit Planning: A Risk-Based Approach ebook
