Lean Auditing: Driving Added Value and Efficiency in Internal Audit

  • 4h 56m
  • James C. Paterson
  • John Wiley & Sons (UK)
  • 2015

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.

In this Book

  • Lean Auditing—Driving Added Value and Efficiency in Internal Audit
  • Foreword
  • Introduction
  • Lean Auditing at AstraZeneca
  • A Brief History of Lean, Notable Principles and the Approach Taken by this Book
  • Key Lean Tools & Techniques
  • The Development of Lean Auditing and Its Benefits
  • The Wider Benefits of a Lean Audit Approach – and How to Use This Book
  • Who Are the Customers of Internal Audit?
  • What Really Adds Value – And What Doesn’t
  • The Importance of Role Clarity in Assurance and the Insights Lean Can Offer
  • The Audit Plan: Taking a Value Approach
  • Factoring in Risk Assurance in the Audit Plan
  • Considering the Allocation of Resources to Optimize Value Add
  • Assignments – Types, Scheduling and Resourcing
  • Using Assignment Scoping and Planning to Drive Added Value
  • Assignment Delivery – Managing What Really Goes On
  • Using Communication and Quality Standards to Maximize the Added Value from Assignments
  • Assignment Follow-Up and Follow On
  • Measuring Performance and Driving Improvements in Audit Ways of Working
  • Using Lean Audit Principles to Underpin Cultural Change in the Wider Organization
  • Leading the Audit Function
  • The Audit Function: Selection, Training & Development and Ways of Working
  • Further Thoughts about Where and How to Start the Journey Towards Lean Progressive Auditing
  • A Brief Look into the Future
  • Other Recommended Reading
  • Appendix—Illustrative Kano Analysis Regarding Internal Audit
  • Closing Dedication & Thanks
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