Suchergebnisse

• eBook-Kapitel aus dem Buch Accounting Fraud

  A Practice Aid for Auditors: Fraud Interviews – An Inquiry Guide

  Prof. Dr. Klaus Henselmann, Dr. Stefan Hofmann

  …management communicate with employees its views about busi- ness practices and ethical behaviour? How does management ensure that these communications are… …understood by all employees? How does manage- ment determine if employees are complying with or disregarding these communications? – Does management… …processes that are under- going significant changes (restructuring, competition, management and/or employee turnover, etc.) that may provide opportunity for… …profitability goals that are putting excessive pressure on senior management and employees? If so, what are these goals and how are management and employees… …reacting to these pressures? – At what point in the quarter does management know whether the company will meet or miss targeted financial performance… …to the budgeting/forecasting process? What is the company’s history in meeting budgets/forecasts? – Has management established programs and controls… …to mitigate fraud risks or help to prevent and detect fraud? If so, what are these programs and controls? How does management monitor these programs… …report to? – Has management reported to the audit committee on the process for identify- ing and responding to the risk of fraud? Has management reported… …Appendix: Practice Aids 299 – Are you concerned about the integrity of any member of senior management, any other member of management or any… …disseminated to all stakeholders at the same time? – Are there accounting rules or estimates that management or employees can easily manipulate? If so, what…

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• eBook-Kapitel aus dem Buch Revision des externen Rechnungswesens

  Digitale Datenanalyse

  …beinhaltet der Prozess? � Wird auch das Management in Kontrollen einbezogen? � Wie werden Kontrollen dokumentiert? � Wie kann der Regelprozess umgangen…

• Neuer EU-Rahmen für Krisenmanagement im Finanzsektor

• eBook

  Global Management Challenges for Internal Auditors

  ECIIA Yearbook of Internal Audit 2010/11
  

  978-3-503-12977-5

  European Confederation of Institutes of Internal Auditing (ECIIA), Neil Baker, Philipp Friebe, Adrián Garrido, u.a.

  …Framework, Corporate Governance & Risk Management, Internal Audit Practices and the future of Internal Auditing. An excellent overview about recent…
• eBook-Kapitel aus dem Buch Global Management Challenges for Internal Auditors

  Internal Audit Standards: Everything for Everybody

  Inta Ozolina

  …the management and owners? I do not think so. Does it make the compliance for smaller audit teams very hard if not impossible to obtain? Yes, it does… …... Even more so, in many companies the management and owners do not appreciate and simply cannot afford huge internal audit teams; the financial crisis has… …environment is split between internal and external auditors to ensure as much value added to the company management and owners as possible. Ozolina… …engagements and the management layers are very limited in small audit teams, thus making the compliance with the formal review requirements very hard to…

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• eBook-Kapitel aus dem Buch Global Management Challenges for Internal Auditors

  International Professional Practices Framework – Overview of the current guidance of the Institute of Internal Auditors

  T. Flemming Ruud, Philipp Friebe, Daniela Schmitz, Shqiponja Isufi

  …different legislative and regulatory initiatives aimed at improving the Governance, Risk Management and Internal Control of an organization. The PPF has… …systematic, disciplined approach to evaluate and improve the effectiveness of Risk Management, Control, and Governance processes. Figure 2: Definition of… …perform audit engagements. In order to effectively help the board and the management, it is necessary that the Internal Auditors behave in a professional… …example, the Position Paper "The Role of Internal Auditing in Enterprise-Wide Risk Management" describes the role of Internal Audit within the scope of… …scope of the Internal Audit includes the systematic evaluation of the adequacy and the effectiveness of the Governance, Risk Management and Internal… …(previously Risk Man- agement). Standard 2120 relates to Risk Management (previously Internal Control), while Standard 2130 describes the tasks of Internal… …Technology Controls Controls that support business management and governance as well as provide general and technical controls over information technology… …Code of Ethics and the Standards with the senior management and the board. Standard 1111 demands that the Chief Audit Executive communi- cates and… …the strate- gies and objectives of the organization. According to Standard 2120.A2, when evaluating the Risk Management processes the Internal Audit… …specifies that when as- sisting senior management or line management in establishing or improving Risk Management processes, Internal Auditors must refrain…

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• eBook-Kapitel aus dem Buch Global Management Challenges for Internal Auditors

  Efficient Risk Management in Leasing Companies

  Prof. Dr. Fikret Hadžiæ, Amir Softiæ

  …27 Efficient Risk Management in Leasing Companies By Prof. Dr. Fikret Hadžić and Amir Softić19 1 Introduction After a decrease of 9.1 % in… …(fikret.hadzic@efsa.unsa.ba); Amir Softić, dipl.oec is a member of ASA Finance d.d. man- agement, and is responsible for risk management (amir.softic@asa.ba). 20 See… …subject (asset-based Efficient Risk Management in Leasing Companies 29 financing) and primary credit worthiness generated from the future cash flow… …commercial banks. In this way they encounter the strong need to develop a comprehensive concept of identification, measurement, management and risk… …, registration of ownership and other rights over leasing subjects, and areas: risk management, fi- nancial reporting and monitoring of leasing companies… …philosophy and in particular, leasing companies’ risk management. Risk management is currently the most significant aspect of business that affects the… …four basic areas of risk management: – Management of process and decision tools, – Determination and evaluation of leasing subject value, –… …Management of collection process and monitoring of leasing portfolio, and – Management of reserves for leasing business losses. ___________________ 22… …outlined segments represents the framework of an efficient risk management system. 3 Management of Process and Decision Tools The objective of risk… …management and the forming of reserves is assurance of ade- quate control and quality assessment of receivables, using certain criteria and tools. In that way…

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• eBook-Kapitel aus dem Buch Global Management Challenges for Internal Auditors

  Company Culture is Worth the Cost

  Sergey Martynov

  …company management (owners) through example and individual behavior CC is created intentionally by the management, which promotes… …spontaneous ly by various groups of employees CC is developed unintentionally by the company management (owners) through example and… …individual behavior CC is created intentionally by the management, which promotes programmes and activities Difference between company values and… …beliefs, come from various different entities. In these situations it is extremely im- portant for the management to make an effort to rapidly develop a new… …management to understand the need to develop its own culture and to put in place a programme of activities involving the employees, for example by creating… …in order for this to happen it must know how to satisfy the individual needs of its employees. The management must also know how to value its workers… …must aim to assess the effectiveness of the activities carried out by the management with a view to creating a company culture and point out the… …compared with the past: the innovations integrated into the company culture by the management, the change in the relationship between company and employees…

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• eBook-Kapitel aus dem Buch Global Management Challenges for Internal Auditors

  Governance Works, in Principle

  Neil Baker

  …corporate governance in the financial sector. There was much talk about the need for banks to improve their modelling and their risk management practices… …financial controls and systems of risk management are robust and defensible.” Some bank boards have arguably failed to meet either of those principles. But… …mindless box-ticking. 3 What About Management? And what of senior executive and management performance? A recent report from an all-party parliamentary… …recently about the risk of companies fracturing into “organisational silos” based on highly techni- cal management functions. Poorly run companies often… …prepare to ask ourselves some serious questions,” says Institute President Philip Ratcliffe. “The most basic objective of risk management is not… …departments, and boards which gave serious contemplation to the demands of good governance and risk management, have almost overnight gone to the wall.”…

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• eBook-Kapitel aus dem Buch Global Management Challenges for Internal Auditors

  Contribution by Internal Audit to IT Compliance

  Thomas Lohre

  …Corporate governance, risk management, compliance. All of these are concepts that can no longer be imagined away from the current business vocabulary and… …a concept originating from Anglo-American vocabulary32 and has, since then, been used for the debate regarding proper business management… …national principles for good and responsible business management, which applies to the employees, as well as the management of companies. Corporate… …setting-up of management and control structures. Characteristics of good corporate governance are: – Functioning business management – Preserving the… …interests of various parties (e.g. the stakeholders) – Targeted cooperation between business management and business monitoring – Transparency in the… …corporate communication – Appropriate handling of risks – Management decisions are aimed at long-term value enhancement The German code does not create… …pursuant to Article 161 AktG (German Companies Act), the management board and supervisory board establish, on an annual basis, whether the recommendations… …of the Corporate Governance Code have been com- plied with or if deviations have occurred. IT compliance is represented by risk management, data… …the management of a GmbH (limited liability company), Article 43 Par. 1 GmbHG (Limited Liability Companies Act), obligates the management to apply the… …management of a GmbH. Since January 1st 2009, the Law on the Modernisation of Company Annual Accounts (BilMoG) has expanded the group to include companies…

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