Robert Moeller :Brink’s modern internal auditing : a common body of knowledge (7th)
page 794 Copyright 2009 John Wiley & Sons, Inc
Content
Preface xix
About the Author xxv
PART ONE FOUNDATIONS OF MODERN INTERNAL AUDITING 1
CHAPTER 1 Foundations of Internal Auditing 3
1.1 Internal Auditing History and Background 5
1.2 Organization of This Book 8
Note 10
CHAPTER 2 Internal Audit’s Common Body of Knowledge 11
2.1 What Is a CBOK?: Experiences from Other Professions 12
2.2 Institute of Internal Auditor’s Research Foundation CBOK 13
2.3 What Does an Internal Auditor Need to Know? 18
2.4 Modern Internal Auditing’s CBOK Going Forward 19
Notes 19
PART TWO IMPORTANCE OF INTERNAL CONTROLS 21
CHAPTER 3 Internal Control Framework: The COSO Standard 23
3.1 Importance of Effective Internal Controls 23
3.2 Internal Controls Standards: Background 25
(a) Internal Control Definitions: Foreign Corrupt
Practices Act of 1977 26
(b) FCPA Aftermath: What Happened? 28
3.3 Events Leading to the Treadway Commission 28
(a) Earlier AICPA Standards: SAS No. 55 30
(b) Treadway Committee Report 30
3.4 COSO Internal Control Framework 31
(a) Control Environment 33
(b) Risk Assessment 39
(c) Control Activities 41
(d) Communications and Information 43
(e) Monitoring 46
v3.5 Other Dimensions of the COSO Internal Cont
Framework
3.6 Internal Audit CBOK Needs
Notes
CHAPTER 4 Sarbanes-Oxley and Beyond
4.1 Key Sarbanes-Oxley Act Elements
(a) Title I: Public Company Accounting
Oversight Board
(b) Title II: Auditor Independence
(c) SOx Title III: Corporate Responsibility
(d) Title IV: Enhanced Financial Disclosures
(e) Title V: Analyst Conflicts of Interest
(f) Titles VI through X: Fraud Accountabilit
and White-Collar Crime
(g) Title XI: Corporate Fraud Accountability
4.2 Performing Section 404 Reviews under AS 5
(a) Section 404 Internal Controls Assessmen
(b) Launching the Section 404 Compliance
4.3 AS 5 Rules and Internal Audit
4.4 Impact of the Sarbanes-Oxley Act
Notes
CHAPTER 5 Another Internal Controls Framework: CobiT
5.1 Introduction to CobiT
5.2 CobiT Framework
(a) CobiT Cube Components: IT Resources
(b) CobiT Cube Components
5.3 Using CobiT to Assess Internal Controls
(a) Planning and Enterprise
(b) Acquisition and Implementation
(c) Delivery and Support
(d) Monitoring and Evaluation
5.4 Using CobiT in a SOx Environment
5.5 CobiT Assurance Framework Guidance
5.6 CobiT in Perspective
Notes
CHAPTER 6 Risk Management: COSO ERM
6.1 Risk Management Fundamentals
(a) Risk Identification
(b) Key Risk Assessments
(c) Quantitative Risk Analysis
6.2 COSO ERM: Enterprise Risk Management
6.3 COSO ERM Key Elements
(a) Internal Environment Component
(b) Objective Setting
(c) Event Identification
......