Suchergebnisse

• eBook-Kapitel aus dem Buch Common Body of Knowledge in Internal Auditing

  Internal Audit Activities

  European Confederation of Institutes of Internal Auditing

  …audit issues are resolved as well as who has primary responsibility for re- porting to senior management and monitoring corrective action. 6.1. Internal… …and mergers in Bel- gium, Greece, Netherlands, Spain and Switzerland; • a high percentage of involvement in enterprise risk management in Estonia… …, Norway and Switzerland; • a high percentage of management effectiveness audits in Belgium, Czech Re- public, Norway, Sweden and UK & Ireland; • a high… …and Spain; • a high percentage of involvement in resource management and controls in Aus- tria, Estonia, Finland, Sweden and UK & Ireland; • a high… …Requirements Control Framework Monitoring and Development Corporate Takeovers / Mergers Enterprise Risk Management Ethics Audits External Audit… …Performance Management Effectiveness Audit Operational Audits Quality / ISO Audits Resource Management and Controls Security Issues Social and… …increase in the importance of consulting / advisory, governance audits, information technology audits and management audits. On the contrary, we notice a… …management audits in Estonia; 6 Internal Audit Activities 96 Ta bl e 46 : Ev ol ut io n of In te rn al A ud it A ct iv iti es (% ) C ou… …results to senior management. When comparing all 21 European countries we see • a high percentage of auditees primarily responsible for reporting of… …audit results to senior management in Norway and Swede; • a high percentage of CAEs primarily responsible for reporting of audit results to senior…

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• eBook-Kapitel aus dem Buch Common Body of Knowledge in Internal Auditing

  Emerging Issues

  European Confederation of Institutes of Internal Auditing

  …. The organization has implemented a knowledge management system. f. The Internal Audit Function has provided training to audit committee mem- bers. g… …codes in Estonia, Greece, Switzerland and UK & Ireland; • a high percentage for organizations implementing a knowledge management system in Bulgaria… …Audit Function Table 57 shows that all five areas are on the rise with risk management in the lead with over 81% of the respondents expecting an increase… …Bulgaria, Poland, Portugal, Romania and Turkey; • a high expected increase in the role of the IAF in risk management in Austria, Portugal, Romania and… …financial processes Risk management Governance Regulatory compliance Operational auditing In cr ea se D ec re as e In cr ea se D ec re as e… …Globalization Intellectual property and knowledge assessment IT management assessment C ur re nt ly h av e a ro le Li ke ly to h av e a ro… …133 Country Knowledge management systems development review Mergers and acquisitions Project management Provide training to the audit… …following areas: • Regulatory compliance assessment monitoring (67%); • Risk Management (66%); • Fraud prevention / detection (64%); • Corporate Governance… …(51%); • IT management assessment (45%); Country Risk management Strategic frameworks Currently have a role Likely to have a role in the next 3… …Audit Function 135 Besides, IAFs are most likely to have a role in the next 3 years in the following areas: • Knowledge management system development…

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• eBook-Kapitel aus dem Buch Common Body of Knowledge in Internal Auditing

  Internal Audit Staffing

  European Confederation of Institutes of Internal Auditing

  …Regulatory Code Control Framework Monitoring and Development Corporate Takeovers / Mergers Enterprise Risk Management Ethics Audits External… …Internal Control Testing / Systems Evaluation Investigations of Fraud and Irregularities Linkage of Strategy and Company Performance Management… …Effectiveness Audit Operational Audits Project Management Quality assessment of internal audit activity Quality / ISO audits Resource Management and… …Management in Cyprus, Es- tonia and Turkey; • a high percentage of outsourcing of ethics audits in Estonia, Sweden and UK & Ireland; • a high percentage of… …strategy and company perform- ance in Estonia, Turkey and UK & Ireland; • a high percentage of outsourcing of management effectiveness audit in Bulgaria… …percentage of outsourcing of project management in Belgium, Estonia and Turkey; • a high percentage of outsourcing of quality assessments of internal audit… …outsourcing of resource management and controls in Cy- prus, Estonia and Turkey; • a high percentage of outsourcing of security issues in Estonia, Poland and… …Mergers Enterprise Risk Management Ethics Audits External Audit Assistance Health, Safety and Environment Financial Auditing Information Risk… …Performance Management Effectiveness Review/ Audit Operational Audits Project Management Quality assessment of internal audit activity Quality / ISO… …audits Resource Management and Controls Security Issues Social and Sustainability Audits Special Projects Technical Competency Training for…

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• eBook-Kapitel aus dem Buch Common Body of Knowledge in Internal Auditing

  Personal Background of Respondents

  European Confederation of Institutes of Internal Auditing

  …Overall, economics, accounting, general management and finance seem to be the most popular academic majors of the respondents (cf. Table 3). When… …Turkey; • a high percentage of respondents with a general business / management major in Estonia, France, Norway, Poland and Sweden; • a high… …Arts and Humanities Auditing Computer Science Economics Engineering Finance General Business / Management Information Systems Internal… …accounting qualifications in Cyprus, Netherlands, Switzerland and Turkey; • a high percentage of management accounting qualifications in France, Sweden and… …Information Systems Auditing Government Auditing Control Self- Assessment Public Accounting Management / General Accounting Accounting –… …management and 6.6 years of experience in internal auditing. When comparing all 21 countries, we notice (excluding those countries with the number of… …erlands, Norway, Switzerland and UK & Ireland; • a high average number of years of expertise in management in Austria, Estonia, Norway, Spain and Sweden… …Management Officer Position Reporting to Executive Management Independent Position Reporting to the Audit Committee Other Austria 58 8.6… …executive management in Cyprus, Czech Republic, Estonia, Finland, Greece, Netherlands and Poland; • a high percentage of officer positions reporting to… …executive management in Aus- tria, Germany, Portugal and Spain; • a high percentage of independent positions reporting to the audit committee or oversight…

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• eBook-Kapitel aus dem Buch Common Body of Knowledge in Internal Auditing

  Internal Audit Function

  European Confederation of Institutes of Internal Auditing

  …senior management in Estonia, Czech Re- public, France and UK & Ireland; • a high percentage of involvement of the auditee / client at the end of audit… …plemented as measure of added value in Bulgaria, Cyprus, Portugal and Turkey; • a high percentage of number of management requests as measure of added value… …that 84% of the CAEs use a risk-based methodology to determine the audit plan, whereas 73% takes into account requests from management. When comparing… …the internal audit plan in Belgium, Estonia, Finland and UK & Ireland; • a high percentage of requests from management having an impact on the inter-… …value. c. Internal Audit brings a systematic approach to evaluate the effectiveness of risk management. d. Your Internal Audit Function brings a… …Internal Audit Function is an integral part of the governance process by providing reliable information to management. h. The way your Internal Audit… …effectiveness of risk management” in Belgium, Germany, Roma- nia and Switzerland; • a high agreement with statement “d. Your Internal Audit Function brings a…

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• eBook-Kapitel aus dem Buch Common Body of Knowledge in Internal Auditing

  Tools, Skills and Competencies

  European Confederation of Institutes of Internal Auditing

  …tools in Belgium, Czech Republic, Estonia, Finland and Switzerland; • a high current use of total quality management techniques in Bulgaria, Czech… …; • Total quality management techniques. 1 = Not Used, 2 = Moderately Used, 3 = Average Use, 4 = Very Much Used, 5 = Extensively Used Table 51… …management techniques in Bulgaria, Cyprus and Romania. 7.2 Behavioural Skills 109 7.2. Behavioural Skills From the 12 behavioural skills that were listed… …skill (43%), except in Germany, Greece and Sweden; • Team player (39%), except in Estonia, Finland and Sweden; • Work well with all level of management… …Finland, Portugal and Turkey; • Objectivity (45%), except in Estonia, Finland and UK & Ireland; • Staff management (45%), except in Estonia, Finland and… …, Finland and Poland; • Work well with all level of management (52%), except in France, Romania, and Spain. 7 Tools, Skills and Competencies 110 N ot… …in France, Germany and Norway; • Ethics (average score of 3.95) except in Austria, France and Germany; • Enterprise risk management (average score of…

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• eBook-Kapitel aus dem Buch Common Body of Knowledge in Internal Auditing

  Internal Auditing Standards

  European Confederation of Institutes of Internal Auditing

  …common reasons for not using the IIA Standards are: • Management of the organization does not perceive compliance with the IIA Standards as adding value… …(16%); • Compliance with the IIA Standards is not supported by management (15%); • Compliance with the IIA Standards is too time consuming (13%); •…