Auditing the Risk Management Process

PREFACE

Auditing New Horizons is a new series of short books aimed primarily at internal auditors, but which will also be useful to external auditors, compliance teams, financial controllers, consultants, and others involved in reviewing governance, risk, and control systems. Likewise, the books should be relevant to executives, managers, and staff as they are increasingly being asked to review their systems of internal control and ensure that there is a robust risk management process in place in all types of organizations. Each book provides a short account of important issues and concepts relevant to the audit and review community. The series will grow over the years and John Wiley & Sons, Inc., is working alongside the Institute of Internal Auditors, Inc., to ensure that each new title reflects both current and emerging developments. The framework for Auditing New Horizons is illustrated in Figure P.1.

Figure P.1 The Auditing New Horizon Book Series

FrameWork (FW) books set out various models, supported by reference material that can be employed to ensure best practice pointers can be assessed for their impact on current practice. HowTo (HT) books use similar models but focus more on checklists and worked examples that can be employed to implementing aspects of relevant underlying frameworks. Each book is immersed in the Institute of Internal Auditor's Professional Practices ...