In the wake of the recent financial crisis, increasing the effectiveness of auditing has weighed heavily on the minds of those responsible for governance.
Fair Lawn, NJ (PRWEB) June 12, 2012
In the wake of business scandals: we hear people say, “Where was the audit?” The real question is does the auditor have the right tools? The audit environment is changing so rapidly auditors need to adapt and do more with less. The Qatar Financial Centre has sponsored a recently released book, Effective Auditing for Corporates, which focuses on the future of the audit profession.
Auspicium executives, Denise Cicchella and Stuart Gardner, helped spearhead Effective Auditing for Corporates which provides proactive advice and practices to help safeguard corporate core and ensure audit practices meet the demands and expectations of management.
This book combines the knowledge of audit professionals around the world; all who share their international experience about the changing world of auditing.
This book focuses on:
- Compliance and the corporate audit
- Fraud Detection
- Risk-based auditing
- The development of Sarbanes-Oxley
- Cultural changes in external audit
- Auditing management information services
Auspicium was invited to co-author this collection based on their experience in the audit field, international exposure, construction audit experience including training and teaching in the United Arab Emirates and United States.
Auspicium agreed to undertake this important endeavor as they appreciate the challenges inherent in the audit profession. The auditor is routinely playing catch up and dealing with numerous constraints such as budgets and compressed schedules.
Auditors face many challenges when assessing audit evidence:
- Changing regulations
- Regulations that change from jurisdiction to jurisdiction
- Expanded reporting requirements
- Complex financial transactions
- New financial products
- Increased work expectations
- Assessing the work of non-financial staff
A fundamental skill is needed to quickly assess the reliability of both people and information while applying appropriate “professional skepticism” and professional standards. This is a vital skill in construction audit.
Auspicium specializes in construction audit, third party audits, IT assessments, fraud examination and real estate audit. In conjunction with their work Cicchella and Gardner are routinely faced with the need to assess evidence provided by outsiders. Their insight in this book will be a beneficial tool to help assist auditors in performing their duties in a more efficient and effective manner.
Feel free to check out Ausipicium's web site at http://www.auspicium.com.
Book ISBN and details: 1849300445