Internal Auditing made simple byChili
Internal auditing is an independent, objective assurance and consulting activity designed to add value and improve an organisation’s operations. It helps an organisation accomplish its objectives by bringing a systematic, disciplined approach to evaluate and improve the effectiveness of risk management, control and governance processes. This presentation is protected by copyright laws. No part of this publication may be reproduced, distributed, or transmitted in any form or by any means without my prior written permission. © Chili Gallei, 2018
Internal auditing is an independent, objective assurance and consulting activity designed to add value and improve an organisation’s operations. It helps an organisation accomplish its objectives by bringing a systematic, disciplined approach to evaluate and improve the effectiveness of risk management, control and governance processes.
This presentation is protected by copyright laws.
No part of this publication may be reproduced, distributed, or transmitted in any form or by any means without my prior written permission.
© Chili Gallei, 2018
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Office<br />
of the<br />
Auditor<br />
General
This presentation is protected by copyright laws.<br />
No part of this publication may be reproduced, distributed, or transmitted in any form or by any means without my prior written permission.<br />
© Chili Gallei, 2018<br />
by Chili Gallei, 2018
<strong>Internal</strong> auditing is an independent, objective assurance<br />
and consulting activity designed to add value and improve<br />
an organisation’s operations. It helps an organisation<br />
accomplish its objectives by bringing a systematic,<br />
disciplined approach to evaluate and improve the<br />
effectiveness of risk management, control and governance<br />
processes.<br />
The Office of the Auditor General (OAG), Asian Development<br />
Bank‘s (ADB) internal audit function provides independent and<br />
objective audit and advisory services designed to add value<br />
and improve ADB operations.<br />
OAG provides assurance to the President and the Audit<br />
Committee of the Board that ADB‘s financial and operational<br />
controls designed to manage risks and achieve ADB‘s<br />
development objectives are operating in an efficient and<br />
effective manner.<br />
OAG assists Management and the ACB by bringing a systematic<br />
and disciplined approach to evaluate and improve the<br />
effectiveness of risk management, control and governance<br />
processes in ADB.
Anyone can make<br />
<strong>simple</strong> complicated.<br />
<strong>Internal</strong> auditing is<br />
trying to make the<br />
complicated<br />
<strong>simple</strong>.
Most of us are<br />
visual learners.<br />
Some of us are<br />
auditor learners<br />
– we learn by<br />
hearing.
A good auditor<br />
never makes<br />
mistrakes.
<strong>Auditing</strong> is a<br />
cornerstone of<br />
good governance.
Governments lie;<br />
bankers lie;<br />
even auditors<br />
sometimes lie:<br />
gold tells the<br />
truth.<br />
William Rees-Mogg
The auditor is a<br />
watchdog and<br />
not a bloodhound.<br />
Lord Justice<br />
Comprehensive<br />
risk analysis<br />
prevents future<br />
headache.<br />
Smart risk intelligence<br />
can identify potential<br />
business growth<br />
opportunities.<br />
<strong>Auditing</strong> is a<br />
cornerstone<br />
of good<br />
governance.
Some of us are<br />
auditor learners<br />
– we learn<br />
by hearing.<br />
Anyone can make<br />
<strong>simple</strong> complicated.<br />
<strong>Internal</strong> auditing is<br />
trying to make the<br />
complicated <strong>simple</strong>.<br />
With<br />
internal auditing,<br />
risks that at first<br />
glance may seem<br />
unforeseen, can in<br />
fact be foreseen.<br />
We need to<br />
understand the<br />
psychology of risk<br />
more than the<br />
mathematics of risk.
Comprehensive<br />
risk analysis<br />
prevents<br />
future<br />
headache.
An effective public<br />
sector audit activity<br />
strengthens<br />
governance by<br />
materially increasing<br />
citizens’ ability to<br />
hold their public<br />
sector entity<br />
accountable.
Smart risk<br />
intelligence<br />
can identify<br />
potential<br />
business<br />
growth<br />
opportunities.
The auditor is a watchdog and not a a bloodhound.<br />
Lord Justice<br />
Lord Justice
With<br />
internal auditing,<br />
risks<br />
that at first glance<br />
may seem<br />
unforeseen, can in<br />
fact be foreseen.
We need to<br />
understand the<br />
psychology of risk<br />
more than the<br />
mathematics of risk.
This presentation is protected by copyright laws.<br />
No part of this publication may be reproduced, distributed, or transmitted in any form or by any means without my prior written permission.<br />
© Chili Gallei, 2018