Recognized as one of the premier thought leaders in internal auditing, Norman Marks served as the chief audit executive at global companies for more than twenty years. He now spends his time speaking and presenting at conferences around the world on internal audit, risk management, governance, and better-run business.This book is about the professional experiences that shaped Norman and led him to be acknowledged by audit committees, company executives, and his peers as the leader of world-class internal audit teams.Read what led people to say about Norman and his team:• “Internal audit provides us with a competitive advantage”• “You have yet to perform an audit I wouldn't gladly pay for”• “You help the audit committee sleep through the night”• “You are not a typical internal auditor”A current chief audit executive who worked with Norman at two different companies had this to say:“Norman had a unique leadership philosophy where he adapted to the demands of the situation, the abilities of the staff and the needs of the organization. He was able to move between leadership styles utilizing the one needed for the challenges that the company was facing. He was at times visionary along with a coaching emphasis while not micromanaging. Norman set high standards, was democratic but occasionally would utilize a classic authoritarian style when needed with certain employees and situations. Norman moved easily between leadership styles which resulted in developing World Class departments. As the Chief Audit Executive for a semiconductor company I still consult Norman on various audit topics and practice leadership techniques I learned under his tutelage.”

Considers why many top executives do not link risk management to organisational effectiveness. Examines how risk relates to strategy-setting and identifies each risk management activity. Advises that risk is an integral part of day-to-day management rather than a periodic exercise.

This is the companion Discussion Guide to Auditing that Matters: Case Studies. The intent is for this pair of books to be used by internal auditors as a basis for group or individual discussions around world-class practices. Each individual should have a copy of the Case Studies and the leader of the discussion should have a copy of this Discussion Guide. Many of the principles discussed here can be found in Auditing that Matters.

The role of internal audit is changing. The Sarbanes-Oxley legislation in the US and the Combined Code for Corporate Governance in the UK focused on the need to demonstrate the active management of risks and report on this subject to shareholders. Boards of Directors are therefore increasingly requiring their Internal Audit functions to provide a much higher level of assurance in this regard. Phil Griffiths' Risk-Based Auditing explains the concepts and practice behind a risk-based approach to auditing. He explores the changing environment in both the private and public sectors and the associated legislation and guidance. The book then provides a blueprint for refocusing the internal audit role to embrace risk and to help plan, market, undertake and report a risk-based audit. The text includes a detailed risk-based audit toolkit with 14 sections of tools, techniques and information to enable a risk-based approach to be adopted. This is an essential guide for internal and external auditors seeking to manage the realities of the audit function in the turbulent and fast-changing business environment that has emerged since the end of the last century.

Begin the transformation of the Internal Audit function by applying Total Quality Management (TQM) concepts. The book, Total Quality Auditing, How a Total Quality Mindset Can Help Internal Audit Add Real Value, presents how to put TQM concepts to work in the world of Internal Auditing. The Total Quality Auditing (TQA) Six Points of Focus including Ethics and Culture, Standards of Conduct, Customer Feedback, Lean Auditing, Balance of Audit and Consulting and Internal Audit Leadership provide a framework that can be immediately applied to increase the value of Internal Audit through proactive steps to reduced risks and improved organization effectiveness. TQA is a new and refreshing approach that will change the way Internal Audit goes to work. TQA is a teachable moment for organization leaders, CEO's, CFO's, CAE's and Internal Auditors, not of how auditing is conducted today, but how it can be transformed in the future.