Download Ebook Lean Auditing: Driving Added Value and Efficiency in Internal Audit, by James C. Paterson
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Lean Auditing: Driving Added Value and Efficiency in Internal Audit, by James C. Paterson
Download Ebook Lean Auditing: Driving Added Value and Efficiency in Internal Audit, by James C. Paterson
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From the Inside Flap
Lean Auditing offers auditors, executives and board members numerous insights into proven ways internal audit can act as an effective catalyst for organizational growth and continuous improvement. In this groundbreaking book, James C. Paterson demonstrates the counterintuitive concept that if the internal audit process continues to carry out a large portion of traditional controls and compliance work it can often weaken and perpetuate a range of organizational and cultural problems with governance, risk and assurance. By applying the suggestions and techniques presented in Lean Auditing, internal auditors will have the tools they need to benchmark current audit plans, reports, and approaches to work. In addition, they will have the ability to identify methods for increasing the value of their work, whilst minimizing waste. The book begins with a detailed overview of the origins and principles of various lean methodologies and moves on to a discussion of the differing perspectives and interpretations of value among key organizational stakeholders as they relate to internal audit. Paterson shows the ways in which taking a lean approach to the audit plan can ensure that internal audit examines the right areas, overcoming the common failing of having a disconnect between the audit plan and the most important risks and value drivers. Lean Auditing also explores how lean, progressive audit practices can guide the way audit resources are allocated across different risk areas in order to maximize the value derived from the plan. A number of the lean techniques have been found to be invaluable for internal auditors facing pressure on their budgets. Lean Auditing offers numerous insights into the reasons audit functions can struggle to deliver value and optimal productivity. This is supplemented with inputs from Paterson's extensive consulting experience in lean auditing, combined with inputs from a number of leading CAEs and other internal audit thought leaders, including Richard Chambers and Norman Marks. This practical resource provides a framework for maximizing returns from internal audit.
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From the Back Cover
APPLY LEAN TECHNIQUES TO MAXIMIZE THE VALUE AND EFFICIENCY OF THE INTERNAL AUDIT FUNCTION In today's world of financial constraints, increased regulations, and a focus on corporate governance, internal audit departments are under pressure to get the most from limited resources. However, there is a tendency for audits to get bogged down in detail, reducing productivity and restricting the organization it serves. Lean Auditing offers board members, senior managers, finance professionals and internal auditors an important resource that clearly demonstrates the use of lean principles and techniques to both inspire and support internal audit to better understand what it means to add value, and to drive out unproductive activities. James C. Paterson explains in detail why adopting lean audit ways of working can enable internal audit to play a much greater role in contributing to organizational success and efficiency. Lean Auditing outlines a selection of essential lean tools and techniques that have proven their worth in terms of driving greater effectiveness and efficiency. This vital resource highlights the principles and best practices that define successful internal audit departments and gives audit professionals the confidence to apply these techniques in their day-to-day work.
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Product details
Hardcover: 328 pages
Publisher: Wiley; 1 edition (February 9, 2015)
Language: English
ISBN-10: 1118896882
ISBN-13: 978-1118896884
Product Dimensions:
6.3 x 0.9 x 9.3 inches
Shipping Weight: 1.3 pounds (View shipping rates and policies)
Average Customer Review:
4.0 out of 5 stars
2 customer reviews
Amazon Best Sellers Rank:
#1,047,536 in Books (See Top 100 in Books)
There was some valuable information, but it was more of a compilation of auditing lessons learned than a how to book. Real lean auditing is long overdue, but I think this book is not going to help you do it. If you are familiar with traditional auditing this book won't show you anything that you haven't seen before. The content focuses more on how to be proficient, rather than how to reinvent the rusty wheel.
Nice to read to have a link between internal audit and lean. It is a good source for the proffesionals
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