Audit Tactics offers a comprehensive guide to navigating the complex world of financial audits, fraud detection, and compliance. It emphasizes the importance of understanding core auditing principles, such as objectivity and integrity, to ensure reliable and ethical audits. The book also highlights the need for proactive measures in fraud detection to prevent financial misstatements, as nearly 20% of fraud cases are detected by a tip. Finally, compliance methods are examined to help organizations adhere to legal and regulatory requirements, protecting them from penalties and reputational damage.
The book progresses from introducing core auditing concepts and terminology to exploring specific auditing procedures like risk assessment and internal control evaluations. It delves into fraud detection strategies, including data analytics tools, and culminates with practical applications through real-world case studies. Audit Tactics uniquely synthesizes current thought leadership, established practices, and interdisciplinary connections to law, ethics, and information technology, providing readers with actionable tools for implementing effective auditing, fraud detection, and compliance measures.
