Sarbanes-Oxley and the New Internal Auditing Rules

Chapter 1: Introduction.

Accounting and Auditing Scandals and Internal Audit.

What Are the New Rules?

Who Will Find this Book Useful?

Chapter 2: Internal Audit and the Sarbanes-Oxley Act.

“Where Were the Auditors?” Standards Failure.

Sarbanes-Oxley Overview: Key Internal Audit Concerns.

Impact of the Sarbanes-Oxley Act on the Modern Internal Auditor.

Chapter 3: Heightened Responsibilities for Audit Committees.

Audit Committee Charters and Other Requirements.

Board’s “Financial Expert” and Internal Audit.

Helping to Establish Documentation Procedures.

Controlling Other Audit Services.

Establishing Open Communications.

Chapter 4: Launching an Ethics and Whistleblower Program.

Launching an Organization Ethics Program.

Establishing a Mission or Values Statement.

Codes of Conduct.

Whistleblower and Hotline Functions.

Auditing the Organization’s Ethics Functions.

Chapter 5: COSO, S ection 404, and Control Self-Assessments.

SOA Section 404.

COSO Internal Control Framework.

Violation Penalties: Organizational Sentencing Guidelines.

Control Self-Assessments.

Chapter 6: IIA, CobiT, and Other Professional Internal Audit Standards.

Institute of Internal Auditors Standards for Professional Practice.

CobiT and Information Technology Governance.

ASQ Audit Standards: A Different Approach.

Chapter 7: Disaster Recovery and Continuity Planning after 9/11.

Business Continuity Planning and the New Language of Recovery Planning.

Continuity Planning and Service-Level Agreements.

New Technologies: Critical Data Mirroring Techniques.

Establishing Effective Contingency Policies: What Are We Protecting?

Building the Disaster Planning Business Continuity Plan.

Testing, Maintaining, and Auditing the Continuity Plan.

Continuity Planning Going Forward.

Chapter 8: Internal Audit Fraud Detection and Prevention.

Red Flags: Fraud Detection for Auditors.

Public Accounting’s New Role in Fraud Detection.

IIA Standards for Detecting and Investigating Fraud.

Fraud Investigations for Internal Auditors.

Information Systems Fraud Prevention Processes.

Chapter 9: Enterprise Risk Management, Privacy, and Other Legislative Initiatives.

Enterprise Risk Management.

Concurrent with SOA: Other Legislation Impacting Internal Auditors.

Chapter 10: Rules and Procedures for Internal Auditors Worldwide.

SOA International Requirements.

International Accounting and Auditing Standards.

COSO Worldwide: International Internal Control Frameworks.

ISO and the Standards Registration Process.

ITIL Service Support and Service Delivery Best Practices.

Chapter 11: Continuous Assurance Auditing Future Directions.

Implementing Continuous Assurance Auditing.

Internet-Based Extensible Mark-Up Languages: XBRL.

Data Warehouses, Data Mining, and OLAP.

Newer Technologies, the Continuous Close, and SOA.

Chapter 12: Summary: Internal Auditing Going Forward.

Future Prospects for Internal Auditors.

Glossary.

Index.