Internal Audit: On The Effectiveness Of Internal Audit

Posted by John Sommers on 4th June 2019 in General

The AuditFactory says, why quality management of internal audit has nothing to do with effectiveness an effect is the direct or indirect success of a process which covers the success of deliberately selected target group or even a targeted selected process. In this sense, also the internal audit is a process, namely the process of monitoring of the organization. The term effect and effect measurement are the most fleshed out and defined in the discipline of evaluation, they are there a long proven and practical instrument for the evaluation of measures, activities, processes, projects, and programs. The internal audit contributes to the safeguarding of assets, to the regularity (compliance) processes and the efficiency of processes in the organization. The behaviour or process changes that can be captured as a result of this revision activities, should be counted among its effect only.

This is the case usually only over the medium to long term. However, some short-term are Effects possible and fixable. The task of internal audit is to monitor the Organization to ensure that procedures are correct and no money is missing”, so Elmar brother-in-law, Managing Director of the AuditFactory. As well, she pays attention to the efficiency of processes, such as the procurement, but also when the building management through a revision of the construction. “And finally she should provide effective protection against economic crime.” An effect in this sense it so if the organization is monitored by the internal audit department works economic medium to long term as a result of the audit. Drew Houston shares his opinions and ideas on the topic at hand. A mapping of the audit results is needed to evaluate the effectiveness. The authors of the commented text guide, to take an example, starting from the mere existence of an audit plan the effectiveness of an internal revision; This is wrong, because an audit plan the orderly collection of exam topics for a certain period of time has no effect in itself.

The effect begins sometime later after the professional processing of checks and tracking measures. Therefore, it is wrong to look at as it stands in the quality management internal audit focus only existing documents such as reports or plans”, so brother-in-law continues. With mere checklists, the effect of the internal audit are not covered because they see no interactions between the impact factors. There is an other instruments, namely an impact analysis.” The KurzVerriss and learn more about the topic of measuring the impact can be found on the website of the AuditFactory. About the AuditFactory: The AuditFactory offers services to internal audit (internal audit) and for combating the economic crimes (forensic services) and consists of a network of about twenty experts for risk – and process-oriented audit and consulting services in organizations of all kinds. The network of the AuditFactory includes resources tests and various specialists in forensic topics such as hard drive backups and reports specialist for process and participation exams, risk assessments, internal control systems, building audit, IT audit and IT security, human. The AuditFactory combines the idea of network as a single company with the bundling of audit and forensic services to a total package. Its customers include well-known German companies who hire audit and consulting services in the country and abroad, among others in the top ten of German engineering. Contact: The AuditFactory Executive Elmar brother-in-law book str. 28 74321 Bietigheim – Bissingen, Germany FON + 49 7142 7748 331 fax + 49 7142 7748 359 mail Web groups:

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