Creative and Innovative Auditing

Bringing creativity and innovation into all professions and types of auditing today, this book meets the needs of auditing practices in the future. Recent criticisms of auditing practices by financial regulators, the traditional ?expectation gaps? between auditors and auditees and the continuing advances in technology make it even more important today to motivate creativity and innovation in the professions of auditors, be they internal, external, quality, environmental, social, clinical and so on.

In Creative and Innovative Auditing, Jeffrey Ridley studies all auditing practices, not just internal auditing, using an innovation model he has developed through research which is applicable to all auditing organisations and professions. He shows how motivating innovation in auditing practices will address the needs of today and tomorrow?s auditing of governance, risk management and control.

List of Figures

List of Tables

Chronology of Author’s Published Articles and Research in the book

About the Author

Foreword

Acknowledgements

Preface

Chapter 1 Creativity and Innovation in Management and Auditing: Theories and Practices

1.1 Creativity and Innovation Theories

1.2 Creativity and Innovation Starts with a Vision

1.3 Creativity and Innovation in Management

1.4 Creativity and Innovation in Auditing

1.5 Framework for Creative Thinking and Innovation in Governance

1.6 Chapter Review

1.7 Introduction to the following Chapters

1.8 Creative Audit Thinking Activities

PART I STEWARDSHIP

Stewardship Is All About Ethics, Trust and Compliance

Creative Audit Thinking Activities

Chapter 2 Auditors Are Responsible Leaders

2.1 Importance of Responsible Leadership Today and Tomorrow

2.2 Auditors are Responsible Leaders Today and Tomorrow

2.3 Auditors are Responsible Leaders of Governance

2.4 Auditors are Responsible Leaders of Culture

2.5 Auditors are Responsible Leaders of Sustainability

2.6 Chapter Review

2.7 Creative Audit Thinking Activities

Chapter 3 Auditors Are Ambassadors

3.1 Ambassadors Are Envoys Who Represent a State

3.2 Auditors Are Ambassadors for the State of Good Stewardship

3.3 Professional Associations Are Brand Ambassadors for Auditors

3.4 Chapter Review

3.5 Creative Audit Thinking Activities

Chapter 4 Auditors Are Gatekeepers

4.1 Stewardship Is About Care and Protection

4.2 Prevention and Detection of Fraud

4.3 Auditors Are Gatekeepers at Board Level

Jeffrey Ridley was appointed a visiting professor of auditing at the London South Bank University, UK, in 1991, a visiting professor of corporate governance assurance at the University of Lincoln, UK, in 2013 and a visiting professor of corporate governance at the Birmingham City University, UK, in 2017. He is a Fellow of the Institute of Chartered Secretaries and Administrators and a Fellow of the Chartered Institute of Internal Auditors. His auditing experience spans both the public and private sectors. Before his academic career he was a senior auditor in General Motors Limited for three years and manager of internal auditing in Kodak Limited, England, for twenty-eight years. Prior to his industrial experiences he was a member of HM Government’s Overseas Audit Service in Nigeria for ten years. During the past twenty-three years he has taught at undergraduate, postgraduate and now doctorate levels in London and has spoken at many conferences, nationally and internationally.