Audit Planning: A Risk-Based Approach

PREFACE

Auditing New Horizons is a new series of short books aimed primarily at internal auditors, but this series will also be useful to external auditors, compliance teams, financial controllers, consultants, and others involved in reviewing governance, risk, and control systems. Likewise, the books should be relevant to executives, managers, and staff as they are increasingly being asked to review their systems of internal control and ensure that there is a robust risk management process in place in all types of organizations. Each book provides a short account of important issues and concepts relevant to the audit and review community. The series will grow over the years, and John Wiley and Sons, Inc., is working alongside the Institute of Internal Auditors, Inc., to ensure that each new title reflects both current and emerging developments. The framework for Auditing New Horizons is illustrated in Figure P.1.

Figure P.1 The Auditing New Horizon Book Series

Each book in the series contains eight key models that are developed throughout the relevant chapters and that can be employed to ensure that best practice pointers can be assessed for their impact on current practice. Some of the titles establish important frameworks for the audit function, while others are more concerned with how to deliver the audit product within the defined framework. The books also contain checklists ...