Recommended Guidance
Traditionally, audits were largely associated with gathering information about financial systems and the financial records of an organization or a business. However, recent audits have begun to include non-financial subject areas, such as safety, security, information systems performance, and environmental concerns. With nonprofit organizations and government agencies, there has been an increasing need for performance audits, examining their success in satisfying mission objectives. As a result, there are now audit professionals who specialize in security audits, information systems audits, and environmental audits.
Integrating these niche knowledge bases into a single audit could produce a more effective outcome if a holistic approach is employed. However, to accomplish this, decisions on risk evaluation require a heightened awareness by auditors to broaden their perspectives and think outside the box. The purpose of this Practice Guide is to increase the internal auditor’s awareness of integrated auditing and provide guidance on how to approach one.