An indispensable tool for every Internal Auditor

First published in 1973, Larry Sawyer's work has helped guide many internal auditors and shaped the profession. While the foundational principles of internal auditing remain core, the everchanging global business environment requires that internal auditors continue to adapt their position as value-adding partners in their organizations or risk becoming obsolete.
Sawyer's philosophy was that internal auditors should watch for emerging trends while keeping pace with changes in The IIA's International Standards for the Professional Practice of Internal Auditing (Standards), IT, legislation, and regulations - and to respond effectively to international events and evolving governance and risk management mandates. This 6th edition is a three-volume set, making the content more navigable for the reader, and each volume includes an index and glossary for easy reference.

Volume 1 - Internal Audit Essentials

This volume provides the basic background information that informs the pracitce of internal auditing. The history of internal auditing is explored and culminates in the profession as the risk-based endeavor it is today. Risk and control models are introduced along with IT-frameworks. Finally, the differences between assurance and consulting engagements and the specific activities involved for each are enumerated, and a thought-provoking discussion of blended engagements is provided.