Fundamentals and Applications
Wiley Corporate F&A
1. Edition August 2021
336 Pages, Hardcover
Wiley & Sons Ltd
Price: 51,90 €
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Master new, disruptive technologies in the field of auditing
Agile Auditing: Fundamentals and Applications introduces readers to the applications and techniques unlocked by tested and proven agile project management principles. This book educates readers on an approach to auditing that emphasizes risk-based auditing, collaboration, and speedy delivery of meaningful assurance assessments while ensuring quality results and a focus on the areas that pose the greatest material risks to the business under audit.
The discipline of auditing has been forever changed via the introduction of new technologies, including:
* Machine learning
* Virtual Conferencing
* Process automation
* Data analytics
Hugely popular in software development, the agile approach is just making its way into the field of audit. This book provides concrete examples and practical solutions for auditors who seek to implement agile techniques and methods.
Agile Auditing is perfect for educators, practitioners, and students in the auditing field who are looking for ways to introduce greater levels of efficiency and effectiveness to their discipline.
About the Authors
List of Acronyms
Part I: Building an Understanding of Agile and Auditing
Chapter 1 What Is Agile?
Agile Is a Framework
Definitions of Agile
The Agile Manifesto
Scrum Activities (Scrum Events)
Recipe: Explaining the Concept
Chapter 2 What Is Audit?
Types of Audits
Knowledge Areas for Auditors
Skills for Auditors
Audit Project Life Cycle
Phase 1: Initiation/Starting the Project
Phase 2: Planning/Organizing and Preparing
Phase 3: Execution/Carrying Out the Work
Phase 4: Closeout/Completing the Project
Traditional, Waterfall Audit Process: A Real-Life View of the Problems
Identifying, Assessing, and Responding to Delivery Risks
Recipe: Building Auditor Knowledge and Skills
Chapter 3 Traditional Audit Processes and Practices
Traditional Entity-Level Audit Planning
Traditional Audit Engagement Planning
Traditional Audit Engagement Fieldwork
Traditional Audit Engagement Reporting
Chapter 4 What Is Agile Audit?
The Journey of Agile Auditing
What Is Agile Auditing?
Overview of the Agile Audit Process
Skills for Agile Auditors
Chapter 5 Why Agile Audit?
Avoid the Jurassic Auditor
What's Your Why?
Who Is Using Agile Auditing?
Starting Your Agile Auditing Change Transformation
Agile Audit Frameworks
What Are the Benefits of Agile Auditing?
Can Agile Auditing Help Me Solve Problems in the Audit Process?
Chapter 6 Creating the Agile Mindset
What Is an Agile Mindset?
Build a Passion for Being Agile
Start with Auditor Self-Assessments
Do I Need to Call It Agile Auditing?
Recipe: Getting Auditor Buy-In
Part II: Implementing Agile Auditing
Chapter 7 Implementing Agile Auditing: Deciding Your Approach and Your Agile Audit Project Roles
Choosing Your Implementation Strategy
Full Agile Strategy
Pilot Agile Strategy
Agile Lite Strategy
Dealing with Titles
Delivery Team Members (Developers)
Dealing with People Challenges
Chapter 8 Implementing Agile Auditing: The Audit Planning Process
Nontraditional Audit Planning (Agile Audit Planning)
Dynamic Risk Assessments and Audit Planning
Data-Driven Risk Assessments and Audit Planning
Risk Universe Prioritizations and Audit Planning
Chapter 9 Implementing Agile Auditing: Planning Agile Audit Engagements
Planning Agile Audit Resources
Agile Audit Planning Steps
Step 1: Hold the Sprint Planning Meeting
Step 2: Agree on the Definition of Done
Step 3: Agree on the Definition of Ready
Step 4: Determine Your Project Tasks and Create Your Taskboard/Sprint Backlog
Step 5: Prepare the Project Canvas and Other Planning Documents
Using Agile Auditing to Solve Engagement Planning Problems
Poor Time Budgets/Estimates to Complete Audits
Chapter 10 Implementing Agile Auditing: Executing the Agile Audit
Testing with the Audit Client
Workpaper Documentation in an Agile Audit Environment
Managing Scope Creep
Using Agile Auditing to Solve Engagement Execution Problems
Chapter 11 Implementing Agile Auditing: Communicating Agile Audit Results
Daily Meetings to Communicate "Bugs," Deficiencies, and Findings
Do I Still Need a Report?
Using Agile Auditing to Solve Engagement Communication and Reporting Problems
Part III: Special Considerations
Chapter 12 Agile Auditing in the "New Normal" Environment (Remote Auditing)
The New Normal
Data Analytics (DA)
New Technologies and Agile Audit
Robotics Desktop Applications, Robotics Process Automation, Machine Learning, and Artificial Intelligence
Issues to Consider When Implementing These Technologies
How Are These Technologies Affecting Audit, and How Can We Use Them to Become More Agile?
Recipe for Starting DA
Chapter 13 Lean and Agile Auditing
What Is Lean?
Eliminating Waste Using Agile Auditing
Chapter 14 Exploring Kanban Agile Auditing
What Is Kanban?
When Can I Use Kanban?
Kanban Principles Applied to Agile Auditing
Managing Workflow, the Kanban Way
Chapter 15 Merging Risk-Based Auditing and Integrated Auditing with Agile Auditing
Stop Creating Kitchen Sink Audits!
What Is Risk-Based Auditing (RBA)?
Extreme Risk-Based Auditing
Can I Still Complete Integrated Audits in Agile Auditing?
Chapter 16 Building the Auditor Toolbelt and Self-Managing Agile Audit Teams
Agile Auditing as a Tool
Skills Needed to Be an Agile Auditor
Becoming an Integrated Auditor in an Agile Audit World
Using Scrum Values to Create Self-Managing Agile Audit Teams
Benefits of Dealing with Self-Managing Teams
Cautions of Dealing with Self-Managing Teams
Chapter 17 Preparing Your Organization for Agile Auditing/Creating the Agile Culture
What Is Culture?
Changing Others' Perception of Auditors
Influencing a Culture That Supports Agile Auditing
The Influence of the Grateful Agile Leader
What Do You Want for the Other Person?
What Do You Want for Yourself?
What Do You Want for Your Relationship with the Other Person?
Ideal Conditions for Agile Auditing
Chapter 18 Passing Your Quality Assessment Review in an Agile Audit Environment
Agile Auditing and Your QAR
Audit Independence and Objectivity: Working with People over Processes and Tools
Audit Planning: Doing What's Right and Adding Value over Following a Preset Inflexible Plan
Audit Documentation: Providing Relevant and Timely Insights over Extensive Audit Documentation
Audit Report and Supervision: Client Collaboration and Relationship Building over Audit Report Negotiation
Chapter 19 Nuggets for Agile Audit Success
Appendix A Glossary of Terms
Appendix B Product Backlog Template
Appendix C Agile Audit Example
CECILIANA WATKINS is Founder and CEO of Team Oriented Solutions and a trainer in risk management, internal audit, and Agile project management. She previously served as an online course facilitator for Boston University, a trainer and facilitator for Raven Global Training, and the internal audit division manager for a large state government agency.