Busy Auditor - The Best Books Reviews

This collection of texts focuses on occupational fraud and abuse, providing a detailed examination of various fraud schemes such as skimming, cash larceny, billing schemes, payroll schemes, expense reimbursement schemes, register disbursements, and noncash misappropriation. It discusses the behavioral and social factors that motivate individuals to commit these acts, including theories like Cressey's fraud triangle and Sutherland's differential association, and presents case studies to illustrate real-world examples. The material also covers fraud risk assessment methodologies, the process of conducting investigations including interviewing techniques, and the importance of internal controls and a strong ethical tone at the top in prevention and detection efforts, referencing findings from the ACFE's Global Fraud Surveys and relevant legislation like the Sarbanes-Oxley Act.

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"Internal Audit Practice from A to Z" by Patrick Onwura Nzechukwu offers a comprehensive and practical guide to modern internal auditing. The book outlines key processes and techniques used in audits, with a strong focus on risk management, control evaluation, and organizational governance.

Nzechukwu also examines how to effectively manage the internal audit function, covering audit planning, team organization, staffing, and performance measurement. Tools such as data analytics and the balanced scorecard are discussed as essential elements of audit efficiency. The book further explores reporting audit findings, conducting follow-ups, and ensuring quality through peer reviews and compliance with frameworks like COSO and ISO.

Full podcast episode available here:

YouTube: https://www.youtube.com/playlist?list=PLMvxvfJimu-2cR6odLKtjn99EHQ8EmR_v //

Spotify: https://open.spotify.com/show/3Z75bmdxiaHuXCsZNrIEvF //

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This handbook on internal auditing, particularly within the context of SAP systems and using the SAP Audit Roadmap, offers practical guidance for audit work and caters to various user needs. Rooted in the organizational structure of SAP AG and its Global Internal Audit Services (GIAS), the text details methodologies, responsibilities, and tools relevant to internal audits, referencing professional standards and legal requirements like SOX and KonTraG. It explores different audit types, including IT, fraud, and global audits, emphasizing the importance of planning, execution, reporting, and follow-up processes, alongside quality assurance and performance measurement. Furthermore, the handbook discusses the evolving role of internal audit as a corporate management instrument, highlighting its integration within business processes and its contribution to risk management and compliance.

Full podcast episode available here:

YouTube: https://www.youtube.com/playlist?list=PLMvxvfJimu-2cR6odLKtjn99EHQ8EmR_v //

Spotify: https://open.spotify.com/show/3Z75bmdxiaHuXCsZNrIEvF //

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This collection of excerpts discusses the challenges of managing extreme complexity in various fields, including medicine, construction, aviation, and finance. It highlights that despite having accumulated vast knowledge and highly skilled professionals, avoidable failures persist due to our inherent human limitations and the difficulty of applying that knowledge consistently. The text proposes a seemingly simple, yet powerful, solution: the checklist, presenting examples of its successful implementation in improving safety and efficiency by providing structure and promoting teamwork and communication, arguing that it's not about reducing individual skill but about ensuring the effective utilization of collective expertise in complex situations.

Full podcast episode available here:

YouTube: https://www.youtube.com/playlist?list=PLMvxvfJimu-2cR6odLKtjn99EHQ8EmR_v //

Spotify: https://open.spotify.com/show/3Z75bmdxiaHuXCsZNrIEvF //

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This compilation of auditing materials provides a comprehensive overview of the principles, procedures, and standards governing financial statement audits. It covers topics ranging from risk assessment and internal controls to the collection of audit evidence and the formation of an auditor's opinion. The text also addresses ethical responsibilities, legal liability, and various attestation services offered by CPA firms. Furthermore, it examines the audit process across different transaction cycles, such as sales and collections, acquisitions and payments, inventory and warehousing, and payroll and personnel, highlighting specific audit objectives and procedures relevant to each.

Full podcast episode available here:

YouTube: https://www.youtube.com/playlist?list=PLMvxvfJimu-2cR6odLKtjn99EHQ8EmR_v //

Spotify: https://open.spotify.com/show/3Z75bmdxiaHuXCsZNrIEvF //

Apple Podcasts: https://podcasts.apple.com/us/podcast/busy-auditor-the-best-books-reviews/id1808857923 —

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