Audit Management is planned to help audit executives focus on key audit effectiveness issues that will improve performance, earn management approval and entrench the audit function into its proper governance position.
Audit management is responsible for ensuring that board-approved audit directives are implemented. Audit management oversees the internal/external audit staff, establishes audit programs, and hires and trains the appropriate audit personnel. The staff should have the necessary skills and expertise to identify inherent risks of the business and assess the overall effectiveness of controls in place relating to the company’s internal controls.
Internal audit is a function setup within the organisation to reduce the risk of fraud in the organisation and runs according to the management commands. This is the main difference between internal and external audit where external auditors are independent of management and hence external auditors give an opinion on the financial statements as presented by the management of the organisation.
• What are the objectives of Audit Management?
• Importance and objectives of Audit Management
• Managing Internal Audit to Strengthen Corporate Governance
• Earning Management Support for the Audit Function
• Outsourcing Internal Audit: Strategies for Success
• The COSO Control Revolution – How is Audit Management to Change
• Managing IT Auditing for Assured Results
• Understanding and Introducing Continuous Monitoring in the Audit Strategy
• Improving Audit Effectiveness with CAATs Tools
• Career Planning for Team to Meet Dynamic Challenges