Brink's Modern Internal Auditing

Front Cover
John Wiley & Sons, Jan 21, 2005 - Business & Economics - 816 pages
Brink's Modern Internal Auditing, Sixth Edition is a comprehensive resource and reference book on the changing world of internal auditing, including Sarbanes-Oxley compliance issues.
* Sixth edition of a very well respectede auditing resource.
* Provides an overview of the role and responsibilities of the internal auditor.
* Includes discussion of the Sarbanes-Oxley Act and the impact it has on auditing (particualry concerning controls).
* Provides expanded coverage of fraud and business ethics.
* Includes guidance on reporting results effectively.
* Provides in-depth discussion of internal audit and corporate governance.

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Contents

PART TWO IMPORTANCE OF INTERNAL CONTROLS
67
PART THREE INTERNAL AUDIT AND CORPORATE GOVERNANCE
169
PART FOUR ADMINISTERING INTERNAL AUDIT ACTIVITIES
257
PART FIVE IMPACT OF INFORMATION SYSTEMS ON INTERNAL AUDITING
433
PART SIX INTERNAL AUDITOR TOOLS AND TRENDS
609
PART SEVEN THE PROFESSIONAL INTERNAL AUDITOR
685
Index
741
Copyright

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Common terms and phrases

Popular passages

Page 193 - I believe that this nation should commit itself to achieving the goal, before this decade is out, of landing a man on the moon and returning him safely to earth.
Page 74 - Internal control comprises the plan of organization and all of the co-ordinate methods and measures adopted within a business to safeguard its assets, check the accuracy and reliability of its accounting data, promote operational efficiency, and encourage adherence to prescribed managerial policies.
Page 108 - Internal control is broadly defined as a process, effected by an entity's board of directors, management and other personnel, designed to provide reasonable assurance regarding the achievement of objectives in the following categories: • Effectiveness and efficiency of operations. • Reliability of financial reporting. • Compliance with applicable laws and regulations.
Page 75 - ... (A) make and keep books, records, and accounts, which, in reasonable detail, accurately and fairly reflect the transactions and dispositions of the assets of the issuer; and (B) devise and maintain a system of internal accounting controls sufficient to provide reasonable assurances...
Page 76 - ... (iii) access to assets is permitted only in accordance with management's general or specific authorization; and (iv) the recorded accountability for assets is compared with the existing assets at reasonable intervals and appropriate action is taken with respect to any differences.
Page 76 - ... (i) transactions are executed in accordance with management's general or specific authorization; (ii) transactions are recorded as necessary (I) to permit preparation of financial statements in conformity with generally accepted accounting principles or any other criteria applicable to such statements and (II) to maintain accountability for assets...
Page 246 - The auditor has a responsibility to plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement, whether caused by error or fraud.
Page 206 - USC 78o(d)), or any officer, employee, contractor, subcontractor, or agent of such company, may discharge, demote, suspend, threaten, harass, or in any other manner discriminate against an employee in the terms and conditions of employment because of any lawful act done by the employee...
Page 123 - ... INTERNAL CONTROL EVALUATION AND REPORTING— With respect to the internal control assessment required by subsection (a), each registered public accounting firm that prepares or issues the audit report for the issuer shall attest to, and report on, the assessment made by the management of the issuer. An attestation made under this subsection shall be made in accordance with standards for attestation engagements issued or adopted by the Board.

About the author (2005)

Robert R. Moeller has over 25 years experience in internal auditing, raging from launching new internal audit functions in several companies providing internal audit consulting and serving as audit director for a Fortune 50 corporation.

Moeller has an MBA in finance from the University of Chicago and an undergraduate degree in engineering; he has accumulated a wide range of professional certifications including the CPA, CISA, PMP, and CISSP. He was appointed the national director of information systems auditing for the major public accounting firm of Grant Thornton. There he developed firmwide audit procedures and directly managed information systems audits, and assumed responsibility for their Chicago office information systems consulting practice.

In 1989, Moeller was recruited to build and organize the first corporate information systems audit function for Sears Roebuck, an organization that then consisted of AllState Insurance, Dean Witter, and Discover Card, as well as the Sears retail operations. He went on to become their audit director, initiating numerous new practices. He has been active professionally in both the Institute of Internal Auditors and the AICPA. He was president of the IIA's Chicago chapter, served on its International Advanced Technology Committee, and was chair of the AICPA's Computer Audit Subcommittee.

In 1996, Moeller launched his own corporation, Compliance and Control Systems Associates, Inc., and presented seminars on internal controls and corporate governance throughout the United States. he was then talking about Sarbanes-Oxley issues well before the Act. He has helped launch a new consulting practice for EMC Corporations, has worked as a consultant and project manager, specializing in the telecommunications industry, and managed a cellular telephone financial system project on a worldwide basis. More recently, he has led in a series of Sarbanes-Oxley Section 404 projects in manufacturing, finance, and other industries. He continues to stay well-connected with the overall profession of internal auditing.

Robert Moeller lives with his wife, Lois, in the Chicago area. They enjoy sailing on Lake Michigan in the summer, skiing in Colorado and Utah, and participating in Chicago's theatre, opera, and music scene.

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