فصل: Chapter 1: Fundamentals
Tables, images and the table of contents
Three elements shape how a report looks — and three small settings stop them wrecking it at the first edit.
Reviewing, collaborating and final output
When a report passes through three reviewers, you need a tool that shows who changed what and when — not copies named "final v3…
Pivot tables and reports
Ten thousand rows of journal entries, and one question from the manager: "how much did we spend per cost centre?" The answer is three…
Follow-up and quality assurance
The report is not the end of the engagement. Audit's real value shows up in a single question six months later: was what we…
What is internal audit?
Its job is not to hunt for someone to blame, but to make sure the organisation works the way it says it works —…
The risk-based annual plan
Audit cannot examine everything every year. So how does it choose? Not by rotation and not by mood, but by ranking areas according to…
Executing an audit engagement
From the notification of commencement to the last working paper: how a single engagement is run with a method that makes the conclusion defensible…
The finding and the report
This is where the whole audit shows its worth. A well-written finding fixes a weakness; a badly written one starts an argument and leaves…
What is external audit and what is it for?
Why does a bank believe the financial statements of an organisation it has never visited? Because an independent party examined them and expressed an…
The audit cycle
An audit is not "going through the books" at year end. It is an extended process with stages, and each stage shapes the one…