Best Practices – Four Value-Added Methods for Innovative Audit Departments

Author: (USA) James Roush, Wei Hong, Jia Wenqin
Publisher:
Publish Date: 2002-08-01
Features: At the end of the 20th century and the beginning of the 21st, high technology drove economic development, and the irreversible transition of the global economy toward an information-based society was increasingly transforming the operational models of traditional economies. To adapt to the rapidly changing economic landscape, the Institute of Internal Auditors (IIA) redefined the objectives of internal auditing in June 1999. Dr. James Roush, one of the authors of this book, selects four "best practices" audit departments from industries widely recognized for their excellence in manufacturing, technology, finance, government, and retail. Using 20 value-added audit practices as examples, he provides an overview of value-added internal auditing and explains the essence of internal audit practices aimed at "adding value and improvement." While the specific circumstances of different industries may vary greatly, after reading this book, you are sure to gain insights into enhancing the effectiveness of value-added internal auditing.
The book introduces the internal audit experiences of DuPont, Lucent Technologies, Ontario Public Service, and JCPenney to illustrate the significance and far-reaching impact of establishing and developing a value-added internal audit department. Additionally, it uses vivid presentations accompanied by detailed explanations to address widely discussed issues in the international internal auditing community, such as the unique organizational structure, staffing, and work environment of value-added internal audit departments, audit services, other assurance and consulting services, performance measurement standards, risk assessment of audit areas, and how to market and transform internal auditing.
This book is suitable for the reference of management personnel in audit departments both domestically and internationally, as well as for students and faculty in relevant academic institutions.