CONTENTS
List of abbreviations
1 Introduction
	Introduction
1.1	Reasoning behind the Book
1.2 	The IIA Standards and Links to the Book
1.3 	How to Navigate around the Book
1.4 	The Handbook as a Development Tool
1.5 	The Development of Internal Auditing
	Summary and Conclusions
	Chapter 1: Multi-Choice Questions
	References
2 Corporate Governance Perspectives
	Introduction
2.1	The Agency Concept
2.2	Corporate Ethics and Accountability
2.3	International Scandals and their Impact
2.4	Models of Corporate Governance
2.5	Putting Governance into Practice
2.6	The External Audit
2.7	The Audit Committee
2.8	Internal Audit
2.9 	The Link to Risk Management and Internal Control
2.10	Reporting on Internal Controls
	Summary and Conclusions
	Chapter 2: Multi-Choice Questions
	References
3 Managing Risk
	Introduction
3.1	What is Risk?
3.2	The Risk Challenge
3.3	Risk Management and Residual Risk
3.4	Mitigation through Controls
3.5	Risk Registers and Appetites
3.6	The Risk Policy
3.7	Enterprise-Wide Risk Management
3.8	Control Self-Assessment
3.9	Embedded Risk Management
3.10	The Internal Audit Role in Risk Management
	Summary and Conclusions
	Chapter 3: Multi-Choice Questions
	References
4 Internal Controls
	Introduction
4.1	Why Controls?
4.2	Control Framework-COSO
4.3	Control Framework-CoCo
4.4	Other Control Models
4.5	Links to Risk Management
4.6	Control Mechanisms
4.7	Importance of Procedures
4.8	Integrating Controls
4.9	The Fallacy of Perfection
4.10	Internal Control Awareness Training
	Summary and Conclusions
	Chapter 4: Multi-Choice Questions
	References
5 The Internal Audit Role
	Introduction
5.1	Why Auditing?
5.2	Defining Internal Audit
5.3	The Audit Charter
5.4	Audit Services
5.5	Independence
5.6	Audit Ethics
5.7	Police Officer versus Consultant
5.8	Managing Expectations through Web Design
5.9	Audit Competencies
5.10	Training and Development
	Summary and Conclusions
	Chapter 5: Multi-Choice Questions
	References
6 Professionalism
	Introduction
6.1	Audit Professionalism
6.2	Internal Auditing Standards
6.3	Due Professional Care
6.4	Professional Consulting Services
6.5	The Quality Concept
6.6	Defining the Client
6.7	Internal Review and External Review
6.8	Marketing the Audit Role
6.9	Audit Feedback Questionnaire
6.10	Continuous Improvement
	Summary and Conclusions
	Chapter 6: Multi-Choice Questions
	References
7 The Audit Approach
	Introduction
7.1	The Systems Approach
7.2 	Control Risk Self-Assessment (CRSA)
7.3 	Facilitation Skills
7.4 	Integrating Self-Assessment and Audit
7.5	Fraud Investigations
7.6	Information Systems Auditing
7.7	The Consulting Approach
7.8	Compliance
7.9	Value for Money
7.10	The 'Right' Structure
	Summary and Conclusions
	Chapter 7: Multi-Choice Questions
	References
8 Setting an Audit Strategy
	Introduction
8.1	Risk-based Strategic Planning
8.2	Resourcing the Strategy
8.3	Managing Performance
8.4	Dealing with Typical Problems
8.5	The Audit Manual
8.6	Delegating Audit Work
8.7	Audit Information Systems
8.8	Establishing a New Internal Audit Shop
8.9	The Outsourcing Approach
8.10	The Audit Planning Process
	Summary and Conclusions
	Chapter 8: Multi-Choice Questions
	References
9 Audit Field Work
	Introduction
9.1	Planning the Audit
9.2	Interviewing Skills
9.3	Ascertaining the System
9.4	Evaluation
9.5	Testing Strategies
9.6	Evidence and Working Papers
9.7	Statistical Sampling
9.8	Reporting Results of the Audit
9.9	Audit Committee Reporting
9.10	An Risk Based Audit Approach (RaCE)
	Summary and Conclusions
	Chapter 9: Multi-Choice Questions
	References
10 Meeting the Challenge
	Introduction
10.1	The New Dimensions of Internal Auditing
10.2	Globalization
10.3	The Changing Auditor
10.4	Meeting the Challenge
10.5	Ten Little Maxims
	Summary and Conclusions
	Chapter Ten: Multi-Choice Questions
	References
Appendix A	Suggested Answers (to the Multi-Choice Questions) 
Appendix B	Answer Sheet (for the Multi-Choice Questions)