Operational Auditing: Principles and Techniques for a Changing World

Operational Auditing: Principles and Techniques for a Changing World, 2nd edition, is a comprehensive guide that combines traditional internal audit concepts and practices with contemporary quality control methodologies, tips, tools, and techniques to perform risk-based operational audits. It helps internal auditors generate meaningful findings and useful recommendations to improve organizations' objectives and enhance their reputation as valuable contributors, change agents, and trusted advisors.

\n Format: Hardback
\n Length: 362 pages
\n Publication date: 02 July 2021
\n Publisher: Taylor & Francis Ltd
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Operational Auditing: Principles and Techniques for a Changing World, 2nd edition, delves into comprehensive approaches and essential procedures to conduct risk-based operational audits. It showcases how to effectively assess the multifaceted dynamics associated with programs and processes, encompassing operational, strategic, technological, financial, and compliance objectives and risks. This book seamlessly blends traditional internal audit concepts and practices with contemporary quality control methodologies, tips, tools, and techniques. It elucidates how internal auditors can execute operational audits that yield meaningful findings and practical recommendations, enabling organizations to achieve their objectives and enhance the perception of internal auditors as valuable contributors, effective change agents, and trusted advisors.

The 2nd edition expands upon the previous coverage by introducing or enhancing the discussion of:

Control Self-Assessments: This edition includes detailed guidance on conducting self-assessments, enabling internal auditors to evaluate their own effectiveness and identify areas for improvement.

The 7 Es Framework for Operational Quality: This framework provides a structured approach to operational quality management, covering the seven essential elements of effective operations.

Linkages to ISO 9000: The book emphasizes the importance of aligning operational auditing with ISO 9000 standards, providing insights into how internal auditors can integrate these standards into their audit practices.

Flowcharting Techniques and Value-Stream Analysis: It offers practical techniques for creating flowcharts and conducting value-stream analysis, which are valuable tools for identifying inefficiencies and optimizing processes.

Continuous Monitoring: The book emphasizes the importance of ongoing monitoring and surveillance to identify potential risks and ensure that controls are effective.

The Use of Key Performance Indicators (KPIs) and Key Risk Indicators (KRIs): It provides guidance on using these metrics to measure and monitor operational performance, enabling internal auditors to identify areas for improvement.

Robotic Process Automation (RPA), Artificial Intelligence (AI), and Machine Learning (ML): The book explores the emerging technologies of RPA, AI, and ML and their potential applications in operational auditing.

Additionally, the 2nd edition introduces a new chapter that examines the role of organizational structure and its impact on effective communications, task allocation, coordination, and operational resiliency. This chapter highlights the importance of a well-defined organizational structure in responding to market demands and ensuring operational resilience.

By incorporating these expanded topics and insights, Operational Auditing: Principles and Techniques for a Changing World, 2nd edition, equips internal auditors with the knowledge and tools they need to navigate the evolving landscape of operations and drive organizational success.

\n Weight: 886g\n
Dimension: 184 x 260 x 29 (mm)\n
ISBN-13: 9780367562366\n
Edition number: 2 New edition\n