Operational Auditing ─ Principles and Techniques for a Changing World

Internal auditors are expected to perform risk-based audits, but do so partially because they focus on financial and compliance risks at the expense of operational, strategic and technological ones. This limits their ability to evaluate critical risks and processes. This book merges traditional internal audit concepts and practices with contemporary quality control methodologies, tips, tools and techniques. It helps internal auditors perform value-added operational audits that result in meaningful findings and useful recommendations to help organizations meet objectives and improve the perception of internal auditors as high-value contributors, appropriate change agents and trusted advisors.

Hernan Murdock is the president of Murdock Global Advisors, an internal audit, corporate governance, and human capital consulting firm. Previously, he was the director of training and development at a global internal audit firm. He has performed audit and consulting projects for clients in the manufacturing, transportation, high tech, education, insurance and power generation industries.Dr. Murdock is a senior lecturer at Northeastern University where he teaches management, leadership and ethics and frequently teaches courses for the MIS Training Institute. He is the author of 10 Key Techniques to Improve Team Productivity and Using Surveys in Internal Audits, both published by the IIA Research Foundation. He has also written articles and book chapters on whistleblowing programs, international auditing, mentoring programs, fraud, deception, corporate social responsibility, and behavioral profiling. He has delivered seminars and invited talks, and made numerous presentations at internal audit, academic and government functions in North America, Latin America, Europe and Africa.