Home : Book details : Book description

Description of  A Handbook on Internal Audit: A Comprehensive Guide for Corporate Directors and Senior Executives

This handbook can be used as a primer on Internal Audit. Internal Audit is now a key element of organizational governance and plays a critical role in protecting and enhancing organizational value. In February 2000, SEBI introduced Clause 49 for listed companies which amongst others established the Audit Committee and laid down its relationship with the internal audit function. The Companies Act, 2013, now mandatorily requires the appointment of an Internal Auditor by the Board for specified companies. This provision has expanded the requirement to cover a much larger number of other public and private companies. The Handbook on Internal Audit covers the fundamentals on internal audit and discusses the internal audit process, tools and techniques used by internal auditors and the statutory provisions relating to internal audit. It also includes guidance on the role of internal audit in areas such as governance, enterprise risk management, internal financial controls and fraud. The handbook provides functional understanding of the subject and is an effective tool for directors even with no background of audit. We believe that this handbook will benefit the directors and the board for them to understand the practice of internal auditing and how it can play an effective role in an organization. It should also assist to discharge their duties and responsibilities.