Category: Internal Audit How-To

Piggy Bank
Olivia Whipple

Effective Audit Budgeting

Auditors, budget season is quickly approaching! Are you prepared? Do you need some solid tips and sound advice to create a budget that is effective, reasonable, and will meet your department’s needs? Well, today we’re talking budgets! My past blog post, Planning, Budgeting, and Time-Tracking 101, is devoted to the

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Ruler
John Kaneklides

Valuing Internal Audit

The Audit Library was recently engaged in an interesting consulting engagement. We reviewed and rewrote all the job descriptions for the Internal Audit department of a Credit Union with almost $1.5 billion in assets. Once we received the original job descriptions, we realized there was nothing wrong with them. However,

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Files
Olivia Whipple

Are You Using Electronic Workpapers?

One of my best memories from my days working at CPA firms was a hilarious email stream about electronic workpapers. Yes, you read that right! The original email was from a student, writing to the head of recruiting at a firm which will remain nameless. The student listed all of

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Laptop
Olivia Whipple

Create Audit Department Metrics with Excel

I was at a conference a few years back; sitting in a crowd of at least 300 auditors, most of whom were in leadership at their companies.  The facilitator asked if anyone had a process for tracking department productivity and project realization.  Being an extrovert who loves spreadsheets, I was

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