Cutting Edge Internal Auditing

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John Wiley & Sons, Apr 30, 2008 - Business & Economics - 486 pages
Cutting Edge Internal Auditing provides guidance and knowledge for every internal auditor, encouraging each to pioneer new ground in the development of their professional practices in all risk management, control and governance processes.

Serving as an excellent reference guide that develops a pattern of internal auditing now and for the future, this book explores the concept of 'cutting edge' internal auditing as an imaginative adventure: demonstrating how this has influenced and will continue to influence the development of professionalism in internal auditing.

Built on the foundations of Jeffrey Ridley's extensive internal auditing experience across the public and private sectors, the author uses his articles and research to explore and develop the motivations, goals and categories of innovation in internal auditing today. It develops and brings up to date an imaginative internal auditing model, created and used by the author in the early 1980s, drawing on research and guidance by The Institute of Internal Auditors Inc., its Research Foundation and the Institute of Internal Auditors - UK and Ireland.

Each chapter stands alone by focusing on an individual internal auditing theme, considered from both the perspective of internal auditing and its customers to suggest an appropriate vision as a goal for every internal audit activity. Each chapter also includes self-assessment questions to challenge the readers understanding of its messages.

Companion website contains some of the author's training slides and seventy case studies, many written by leading internal audit practitioners, this book creates a vision for future cutting edge internal auditing.

 

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Contents

1 Introduction
1
2 Cutting Edge Internal Auditing Looks Into The Future
19
3 Cutting Edge Internal Auditing Is WorldClass
35
4 Cutting Edge Internal Auditing Wears Many Hats
59
5 Cutting Edge Internal Auditing Knows How To Govern
89
6 Cutting Edge Internal Auditing Fights Crime
131
7 Cutting Edge Internal Auditing Assists The Board
151
8 Cutting Edge Internal Auditing Is Committed To Quality
175
11 Cutting Edge Internal Auditing Is Creative
273
12 Cutting Edge Internal Auditing Asks The Right Questions
287
13 Cutting Edge Internal Auditing Contributes To Good Reputations
299
14 Cutting Edge Internal Auditing Promotes Itself
349
15 Cutting Edge Internal Auditing Manages Knowledge Well
381
16 The Future Of Internal Auditing Is Yours
405
Bibliography
433
Chronology Of Authors Articles And Research
437

9 Cutting Edge Internal Auditing Continuously Benchmarks
217
10 Cutting Edge Internal Auditing Continuously Improves
243

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About the author (2008)

Jeffrey Ridley started his auditing career in Her Majesty's Colonial Audit Service in 1953, working in Nigeria, West Africa, as a government and local authority external auditor. In 1963 he left Nigeria to return to the United Kingdom and joined Vauxhall Motors Limited as a senior auditor. In 1965 he moved to Kodak Limited, England. He was appointed internal audit manager in 1971 and served in that position until his retirement from Kodak in 1993.
In 1991, he accepted a position as visiting professor of auditing at the then South Bank Polytechnic, teaching an internal auditing unit at undergraduate level. After retirement from Kodak, he increased his teaching time and research at the now London South Bank University. He currently facilitates student research and teaches corporate governance at postgraduate level at that university. In 2006, he also accepted a similar position at the University of Central England, Birmingham, England.
He has written and researched widely and internationally on internal auditing and governance topics.
He is a past president of the Institute of Internal Auditors UK & Ireland and has served on many of its committees and the international committees of The IIA Inc.

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