Auditor's Risk Management Guide: Integrating Auditing and ERM (2013)
Author： Paul J. Sobel CPA CIA
Publisher： CCH
Publication year： 2013
E-ISBN: 9780808033714
Subject： F239.45 Internal Audit
Keyword： Tax and Accounting
Language： ENG
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Auditor's Risk Management Guide: Integrating Auditing and ERM (2013)
Description
Auditors Risk Management Guide: Integrating Auditing and ERM is a comprehensive how-to book that guides the reader on performing risk management-based audits. The book covers the Enterprise Risk Management Integrated Framework issued by the Committee of Sponsoring Organizations (COSO). Following the passage of Sarbanes-Oxley and its strict corporate governance and accountability provisions, developing better risk management techniques is becoming more important in meeting higher audit committee expectations. Written by an audit practitioner, thats where this practical guide comes in. The first part of the Auditors Risk Management Guide provides a broad understanding of corporate governance, ERM principles, and different auditing approaches. It also provides step-by-step instructions on how to execute the risk management-based audit, including frequently asked questions. The second part of the book is devoted to detailed case studies that illustrate the risk management-based audit methodology and tools in different scenarios, beginning with a business risk assessment and working through common audit areas such as closing the books, accounts payable, and accounts receivable. Practice Pointers and Observations throughout provide additional commentary to assist the reader in understanding the methodology. This Editions Highlights include: 1. Discussion of how the new global risk management standard, ISO 31000:2009 Risk management—Principles and guidelines, aligns with the concepts in this book (several chapters). 2. Expands the discussion on risk appetite and risk tolerance (Chapter 2). 3. Incorporates concepts from the PCAOBs eight new risk standards (several chapters). 4. Adds a new case study, Cash Management (Chapter 27). A free CD-ROM is included with the book provides electronic versions of the various work programs, checklists, and other tools in the book. The programs and checklists are presented in a format that helps the auditor understand what questions need to be asked and answered as he or she executes the methodology.
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