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    CH 2 - Internal Audit's CBOK - Mindmap

    Uploaded by

    Wenderlin Koswara
    This is audit's common body of knowledge..

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd

    CH 2 - Internal Audit's CBOK - Mindmap

    Uploaded by

    Wenderlin Koswara
    114 views1 page
    This is audit's common body of knowledge..

    Original Title

    Ch 2 - Internal Audit's CBOK - Mindmap

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    This is audit's common body of knowledge..

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    114 views1 page

    CH 2 - Internal Audit's CBOK - Mindmap

    Uploaded by

    Wenderlin Koswara
    This is audit's common body of knowledge..

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    of 1

    COSO framework of internal control

    Chapter 2 Internal Audits Common Body of Knwoledge

    IIA internal audit standards

    Issuance of
    basic
    educational
    Industry-specific knowledge
    material
    Many internal
    auditors do not follow
    Internal auditors need to know
    IIA Standards

    Industry
    Developments
    No
    published
    CBOK yet

    Standard changes by
    IIA
    Origin of knowledge areas

    Internal audit
    principles

    Merge with

    Institute of Internal Auditors Research


    Foundation (IIARF) CBOK

    Technology Changes
    IIAs
    new
    findings

    Internal auditors act under IIA standards

    William G. Bishop III

    Internal Audits
    CBOK

    Emphasis on lack of a
    CBOK

    IIA Standards

    What is a CBOK?
    Minimum level of proficiency needed for effective performance
    CBOK for Banking
    industry risk
    profession

    ICCP
    IT-oriented
    CBOK

    2016 Wenderlin Koswara. All rights reserved.

    Publication

    State of
    practices

    Skills & organizational levels


    Actual duties
    Structure of internal audit organization
    Types of industries

    CBOK relationships

    BAI

    Mid 2007

    Knowledge & skills

    IIA

    IIA contracted with


    researchers to define
    CBOK

    Lack of
    funding
    and
    interest

    Develop
    CBOK

    Generally Accepted
    Internal Audit
    Standards and Best
    Practices

    General
    Management
    Knowledge and
    Practices

    Application Area
    Knowledge and
    Practice

    Update
    IIARFs
    CBOK every
    3 years

    Define BOK and sets


    of best practices

    Basis of
    todays CBOK

    Regulatory environment

    Objective

    Better define the future of


    internal audit and ensure it
    remains a relevant contribution
    to enterprise

    Survey what
    internal auditors
    are doing
    Not a guide to
    CAE cannot use this
    best practices
    as a justification of
    Describes wide range of
    inaction
    internal audit activities

    Provide high-level look at responses


    No split between IIA for larger &
    smaller enterprises
    No information
    support
    Only be toused
    to responses
    highlight areas need to
    be improved

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