Author Description

This book provides readers with an overview of the latest developments and various contemporary and contentious issues in internal auditing. It gives a good understanding on the role and responsibilities of an internal auditor as one of the governance partners and value-adders in an organization. It highlights the importance of the internal auditing function in risk management, controls and governance. With the latest amendments issued under Para 15.19 of Bursa Malaysia's (Amended) Listing Requirements on 31 January, 2008, mandating internal audit function for all public-listed companies, there is a need for greater understanding of the internal audit function as one of the means of safeguarding shareholders' interests. This book also incorporates the new IIA's International Professional Practices Framework (IPPF) which includes the Mandatory Guidance (such as the Code of Ethics and the International Standards for the Professional Practice of Internal Auditing) and the Strongly Recommended Guidance (such as the Position Papers, Practice Advisories and Practice Guides). This book is a joint effort of academicians from Universiti Teknologi MARA, Universiti Sains Malaysia, Universiti Malaysia Trengganu and practitioners in internal auditing. The authors recognize that there is a need for more local and affordable books on internal auditing. In this regard, the authors hope that their concerted efforts in writing this book would contribute to promoting the significance of internal auditing and also encourage continuous professional development in this area. The authors also feel that they should share their knowledge and experience on internal auditing to meet the motto of The Institute of Internal Auditors, " Progess Though Sharing".