THE BUSINESS APPROACH TO INTERNAL AUDITING

By Paul Barlow, Stephen Helberg, Nick Laego, and Kevin LeRoux

Publishers Juta & Co, Ltd., South Africa, 414 pages, U.S. $41.50

Distributed by International Specialized Book Service, Inc., Portland, Oregon

Review by Alexander A. H. Bohtling, CPA, retired from Deloitte & Touche LLP

This very comprehensive book covers numerous aspects of internal auditing in substantial detail, mostly applicable to this type of work in the U.S.A. It consists of three parts--the philosophy, the approaches, and the tools. Each part is subdivided into appropriate chapters. There are twenty-six chapters in all.

The book is written as a guide for auditors with various amounts of experience. It provides a very useful suggestion on page two--for the reader to skim through the contents and chapter headings in order to decide which part of the book provides the most needed information.

Part one of the book provides such information as introduction to the business or profession of internal auditing, objectives, risk, and the auditing process; part two includes the basic approach to internal auditing, control strategy assessment, control adequacy assessment, unit assessment reporting, and flow-up assessment. The third part includes chapters on planning information requirements, sampling, interviews, negotiating, writing reports, and presentation.

The four authors of this book are consultants of Deloitte & Touche LLP.

In your reviewer's opinion, this book provides useful guidance and approaches to the subject of internal auditing. *