Internal Audit

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Corporate governance, risk management, and compliance are at the forefront of business operations, Internal Audit plays a crucial role in ensuring organizational integrity and operational efficiency. Essential guide for corporate directors, executive management, and professionals who seek to understand and leverage internal audit functions to strengthen their organizations.

It delves deep into the best practices, methodologies, and frameworks that make internal auditing an indispensable tool for effective governance and business control.

This book covers:

The Role of Internal Audit – Key functions, responsibilities, and the value it adds to the organization
Audit Frameworks & Methodologies – Best practices for designing and implementing a robust internal audit system
Risk Management & Compliance – How internal audits can support proactive risk management and regulatory compliance
Case Studies & Practical Insights – Real-world examples of successful internal audit practices in leading organizations

N. G. Shankar
Independent Director on Multiple Boards, former Group Executive President – Corporate Audit, Aditya Birla Group

N G Shankar is a thought leader with an overall experience of more than 40 years in diverse industry sectors and professional practice. He is currently an independent director in a microfinance company where he serves as the Chairman of the Audit Committee and Information Technology Strategy Committee and as a member of other Board Committees. With specialization in organizational governance, risk management, internal audit and finance, Shankar advises clients in related areas and conducts training programs for directors and internal auditors. Shankar has had initial exposure in accounting, treasury, and corporate finance for about fourteen years before he took up a specialized role as Head of Internal Audit at ABB Limited, New Delhi. He retired as Group Executive President- Corporate Audit at the Aditya Birla Group (ABG), now a $65 billion Indian multinational conglomerate, where he led internal audit for sixteen years for a majority of ABG's businesses including metals, carbon black, cement, retail, and telecommunications. His overall industry exposure includes chemicals, oils, pharmaceuticals, electrical engineering, retail, mining and BPO. He has travelled to more than 25 countries across West and South Asia, Europe, Americas, Africa and Australia. A Chartered Accountant and a Certified Internal Auditor, Shankar has been trained as a performance coach. He has served as a director on the Board of the Global Institute of Internal Auditors (IIA) for two years and as a member of the Global IIA Audit Committee. He has also served in various IIA International Committees for more than 18 years until 2022. He authored a book titled “A Handbook on Internal Audit” as a guidance to corporate directors and executive management, published by the Institute of Directors, India.

Mr. K Vidyadaran Former President
The Institute of Internal Auditors
Chennai, India

We purchased 100 copies of the Handbook on Internal Audit. It is highly readable, crisp, and lucid in style. It covers all about Internal Audit in a nutshell. It is small in size but covered all the salient features of the subject. We distributed it to conference delegates free of cost. The delegates have appreciated that it is a valuable book for their study.