Internal Audit Reports Post Sarbanes-Oxley: A Guide to Process-Driven Reporting (Wiley Institute of Internal Auditors Professional Book)

Internal Audit Reports Post Sarbanes-Oxley: A Guide to Process-Driven Reporting......Page 6
CONTENTS......Page 8
PREFACE......Page 10
ACKNOWLEDGMENTS......Page 14
ABOUT THE AUTHOR......Page 16
ABOUT THE INSTITUTE OF INTERNAL AUDITORS......Page 17
SECTION ONE: FROM VENI, VIDI, VICI TO SOX......Page 18
REPORT WRITING AS PROGRAMMING......Page 22
PROCESS-DRIVEN REPORTING DEFINED......Page 24
THE COMPREHENSIVE AUDIT REPORTING PROCESS......Page 28
CHAPTER 2: THE LATEST STANDARDS......Page 42
WHAT IS DIFFERENT SINCE SOX?......Page 43
SEC REGULATIONS......Page 50
PCAOB STANDARDS......Page 51
AICPA PROFESSIONAL STANDARDS......Page 54
REPLACEMENT FOR SAS NO. 61......Page 55
THE COSO FRAMEWORK......Page 56
READABILITY STANDARDS......Page 57
CHAPTER 3: NEW RULES AND NEW TOOLS......Page 60
SAS THREE WAYS......Page 61
AUTOMATION ADVANTAGES......Page 62
AUTOMATION CHALLENGES......Page 64
WHAT WORKS AND WHAT DOES NOT?......Page 67
SECTION TWO: GOING WITH THE FLOW......Page 72
ADVANTAGES OF AUTOMATED, LIMITED SPACE......Page 74
CLEAR EXPECTATIONS AND COMPANY EXPECTATIONS......Page 76
SAMPLE TEMPLATES......Page 77
FORMAT TOOLS AND TECHNIQUES......Page 91
CHAPTER 5: THE VALUE-ADDED SPOKEN (AND E-MAILED) WORD......Page 93
SHARED INTERPRETATIONS ARE VALUABLE......Page 94
IIA RECOMMENDATIONS......Page 95
ASK THE RIGHT QUESTIONS......Page 97
THE IMPORTANCE OF PROBES......Page 98
THE POWER OF PROGRAMMING AND DEFERENCE......Page 99
TELEPHONE TALK......Page 100
SECTION THREE: REPORT WRITING 101, ER, MAKE THAT 404......Page 108
WORD CHOICE CRITERIA......Page 112
RULES OF THE VERB......Page 116
PRECISE AND SPECIFIC WORDS......Page 121
CODE WORDS AND ACRONYMS......Page 122
THE IMPORTANCE OF BEING SPECIFIC......Page 123
CONCISENESS......Page 124
THE “WHATEVER” STEP......Page 128
CHAPTER 7: STRUCTURED SENTENCES......Page 130
IDENTIFYING THE SUBJECT......Page 131
OTHER SENTENCE COMPONENTS......Page 133
SENTENCE SCHEMATA......Page 137
MOVING ON TO MODIFIERS......Page 140
ABOUT PREPOSITIONS......Page 141
CHAPTER 8: PARAGRAPHS, PUNCTUATION, AND CAPITALIZATION......Page 146
PARAGRAPH GUIDELINES......Page 147
PUNCTUATION MATTERS......Page 151
CAPITAL RULES......Page 155
MAKING REPORTS LOOK GOOD......Page 157
TABLES, FOOTNOTES, AND GRAPHS......Page 158
ANOTHER LOOK AT REPORTS......Page 161
SECTION FOUR: IT’S A FLAT WORLD AFTER ALL......Page 166
PART ONE: THE LONG REACH OF SOX......Page 168
PART TWO: ANALYZING AUDIENCES......Page 169
PART THREE: WHY ENGLISH?......Page 174
PART FOUR: GETTING STARTED......Page 176
PART FIVE: LAST WORDS......Page 178
APPENDICES......Page 182
INTRODUCTION......Page 184
ATTRIBUTE STANDARD 1200—PROFICIENCY AND DUE PROFESSIONAL CARE......Page 186
PERFORMANCE STANDARD 2400—COMMUNICATING RESULTS......Page 187
SARBANES-OXLEY ACT OF 2002......Page 189
PUBLIC COMPANY ACCOUNTING OVERSIGHT BOARD......Page 192
OBJECTIVES OF AUDIT DOCUMENTATION......Page 220
AUDIT DOCUMENTATION REQUIREMENT......Page 222
DOCUMENTATION OF SPECIFIC MATTERS......Page 224
INTERNAL CONTROL—INTEGRATED FRAMEWORK......Page 228
VERB FLAWS......Page 239
MODIFIER FLAWS......Page 241
PUNCTUATION FLAWS......Page 243
Appendix C: BIBLIOGRAPHY......Page 246
INDEX......Page 248