Internal Auditing          Heriot Prentice          Vaco Orlando
Heriot PrenticeOver 28 years of proven management &consulting experience in internal auditing. Thisincludes:o Audit Team L...
What is Internal Auditing?Internal auditing reviews:o The reliability and integrity of   informationo Compliance with poli...
What is Internal Auditing? Internal auditing also provides assurance to management and the audit committee that risks are ...
Why Are They Important?Internal audits encompassfinancial activities and operations.This includessystems, production, engi...
The Role of the Internal AuditorInternal auditors identify allauditable activities and relevantrisk factors, and assess th...
Recommendations for Risk Assessment  Expand your efforts beyond an annual risk assessment process.  Risk assessment should...
Recommendations for Risk Assessment  A successful risk assessment process is formalized within an internal  audit and alig...
Recommendations for Risk Assessment  Risk assessments should be transparent and interactive.  They should also involve sen...
Recommendations for Risk Assessment  Most importantly, emerging risks are identified and addressed  through flexible inter...
Contact MeIf you have a question or simply want to connect for a possible future project.o Email: hprentice@vacoorlando.co...
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Internal Auditing

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Heriot Prentice presents "Internal Auditing" which answers the following questions:

- What is Internal Auditing?
- Why is it important?
- What is the role of the Internal Auditor?
- What are his recommendations for Risk Assessment?

To learn more, please visit: http://linkd.in/Services_Vaco_Resources

You can also connect with Heriot at hprentice@vacoorlando.com

Published in: Business, Technology

Internal Auditing

  1. 1. Internal Auditing Heriot Prentice Vaco Orlando
  2. 2. Heriot PrenticeOver 28 years of proven management &consulting experience in internal auditing. Thisincludes:o Audit Team Leader for the Scottish Office Audit Unit - Scotlands equivalent of the Government Accounting Office (GAO)o Senior Manager of Enterprise Risk Security (ERS) with DeloitteHeriot is also a Member & Distinguished Faculty Member of theInstitute of Internal Auditors (IIA).Also led the creation & implementation of:o The GAIT Methodologyo The Global Technology Audit Guide (GTAG)
  3. 3. What is Internal Auditing?Internal auditing reviews:o The reliability and integrity of informationo Compliance with policies and regulationso The safeguarding of assetso The economical and efficient use of resourceso Established operational goals and objectives.
  4. 4. What is Internal Auditing? Internal auditing also provides assurance to management and the audit committee that risks are understood and managed properly.
  5. 5. Why Are They Important?Internal audits encompassfinancial activities and operations.This includessystems, production, engineering,marketing, and humanresources.Can you afford to be withoutInternal Auditing?
  6. 6. The Role of the Internal AuditorInternal auditors identify allauditable activities and relevantrisk factors, and assess theirsignificance. This includes:o Investigatingo Evaluatingo Identifying potential trouble spotso Communicatingo Anticipating emerging issueso Identifying opportunities
  7. 7. Recommendations for Risk Assessment Expand your efforts beyond an annual risk assessment process. Risk assessment should have a continuous component
  8. 8. Recommendations for Risk Assessment A successful risk assessment process is formalized within an internal audit and aligned with business units. This also helps ensure consistency.
  9. 9. Recommendations for Risk Assessment Risk assessments should be transparent and interactive. They should also involve senior management, external auditors, and an audit committee.
  10. 10. Recommendations for Risk Assessment Most importantly, emerging risks are identified and addressed through flexible internal audit coverage
  11. 11. Contact MeIf you have a question or simply want to connect for a possible future project.o Email: hprentice@vacoorlando.como LinkedIn: http://www.linkedin.com/in/heriotprenticeo Phone: (407) 712-7878o Cell: (407) 375-3182My Services:o http://linkd.in/Services_Vaco_Resources

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