... profiles.
54 THE ESSENTIAL HANDBOOK OF INTERNAL AUDITING
3. 6 The Risk Policy
3. 7 Enterprise-Wide Risk Management
3. 8 Control Self-Assessment
3. 9 Embedded Risk Management
3. 10 The Internal Audit ... requirements.
Embed The final part of the model falls out of all the other components and consists of the
bottom line concept of embedding risk management...
... 128
Reference 131
6 Professionalism 133
Introduction 133
6.1 Audit Professionalism 133
6.2 Internal Auditing Standards 134
6 .3 Due Professional Care 1 43
6.4 Professional Consulting Services 1 43
6.5 The ... chapter of The Essential Handbook takes the reader through the structure of the book
and highlights the pivotal role of the IIA standards. We have als...
... those
responsibilities.
D .3. 5 The chairman of the audit committee should be present at the AGM to answer
questions, through the chairman of the board.
2.8 Internal Audit
The Essential Handbook of Internal Auditing ... that
attaches to these accounts.
3. Systems of internal control To consider the adequacy of systems of internal controls. The
curren...
... at the boundaries
to ensure that only the right people get in the organization, they only do the right things and they
94 THE ESSENTIAL HANDBOOK OF INTERNAL AUDITING
in the future direction of ... stake
106 THE ESSENTIAL HANDBOOK OF INTERNAL AUDITING
2. Insert the missing words:
The internal auditor has to be concerned about the state of control...
... recommendations.
114 THE ESSENTIAL HANDBOOK OF INTERNAL AUDITING
The Audit Charter—an Example
Each individual charter will vary depending on the needs of the organization, views of the CIA
and type of services offered. ... filling internal auditing
positions the IA staff should collectively possess the knowledge and skills essential to the
practice of t...
... report the matter to the board for resolution.
The IIA Code of Ethics
The purpose of the Institute’s Code of Ethics is to promote an ethical culture in the profession
of internal auditing. A code of ... the least appropriate sentence?
The purpose of the IIA standards is to:
a. Delineate demanding principles that represent the practice of internal auditi...
... etc. 8,028
Professional training 8,029
IT training 8, 030
Non-audit training 8, 031
Other training 8, 032
Delivery of training 8, 033
Staffing issues 8, 034
Recruitment of auditors 8, 035
Performance ... checking whether the controls are robust and complied with.
178 THE ESSENTIAL HANDBOOK OF INTERNAL AUDITING
[1] Initial terms of reference for the work
• Key manag...
... effective internal auditing departments are interwoven into the fabric of
their organizations. The work of these departments is integral to the efforts of management. The
effectiveness of internal auditing ... be performed
228 THE ESSENTIAL HANDBOOK OF INTERNAL AUDITING
The prescribed system This perceived version of the system is laid down in procedu...