AUDIT RISK MANAGEMENT
(Driving Audit Value, Vol. II) - The best practice strategy guide for minimising the audit risks and achieving the Internal Audit strategies and objectives
1st Edition
Published on 18. April 2017
208 pages
978-3-906861-17-3 (ISBN)
Description
Companies lose over $100 billion
a year due to corporate scandals.
Where were the internal auditors?
Think about the VW diesel emissions scandal, the Yahoo hacking scandal, the BP oil spill scandal or the Petrobras corruption scandal. When the 1st and 2nd Lines of Defence failed to prevent these scandals, could the 3rd Line of Defence, the Internal Auditors, have prevented these? The answer can be yes, if those Internal Audit Functions would have managed their audit risks.
The Beumer Audit Risk Management Model© shows the strategic audit risk management framework for the audit risk identification, measurement and mitigation. The model connects 60 audit risks, in 6 audit risk categories, to 30 audit objectives. Value risks, focus risks, execution risks, performance risks, reporting risks and compliance risks may keep the Chief Audit Executive from reaching the audit objectives. Depending on the audit risk appetite and the audit risk prevention, the Chief Audit Executive can apply up to 66 audit risk mitigation measures for reducing the audit risks to an acceptable level.
a year due to corporate scandals.
Where were the internal auditors?
Think about the VW diesel emissions scandal, the Yahoo hacking scandal, the BP oil spill scandal or the Petrobras corruption scandal. When the 1st and 2nd Lines of Defence failed to prevent these scandals, could the 3rd Line of Defence, the Internal Auditors, have prevented these? The answer can be yes, if those Internal Audit Functions would have managed their audit risks.
The Beumer Audit Risk Management Model© shows the strategic audit risk management framework for the audit risk identification, measurement and mitigation. The model connects 60 audit risks, in 6 audit risk categories, to 30 audit objectives. Value risks, focus risks, execution risks, performance risks, reporting risks and compliance risks may keep the Chief Audit Executive from reaching the audit objectives. Depending on the audit risk appetite and the audit risk prevention, the Chief Audit Executive can apply up to 66 audit risk mitigation measures for reducing the audit risks to an acceptable level.
More details
Series
Edition
First Edition
Language
English
Place of publication
Zug
Switzerland
Target group
Professional and scholarly
internal audit professionals
internal audit students
internal audit teachers
internal audit consultants
Edition type
New edition
Product notice
Other operating system(s)
File size
2,50 MB
ISBN-13
978-3-906861-17-3 (9783906861173)
Schweitzer Classification
Person
Author
Autor
drs. Hans Beumer has a Master degree in Business Economics and was educated and trained as Dutch CPA, CIA, CISA, CRMA and CFE. Hans is a long-time Internal Audit, External Audit and Finance Management professional. During his 28 years' career, he was CAE for 16 years at the head offices of global operating companies, worked 6 years in public accounting and held other positions such as CFO. He published 4 books and 8 articles on the topic of best practice internal auditing.
drs. Hans Beumer has a Master degree in Business Economics and was educated and trained as Dutch CPA, CIA, CISA, CRMA and CFE. Hans is a long-time Internal Audit, External Audit and Finance Management professional. During his 28 years' career, he was CAE for 16 years at the head offices of global operating companies, worked 6 years in public accounting and held other positions such as CFO. He published 4 books and 8 articles on the topic of best practice internal auditing.
