This book is a practical response to the credit crunch. I wanted to give internal auditors the power to spot dodgy risk analysis for themselves, even in situations where there’s some mathematics involved.
The book does not teach you the technical details of symbolic mathematics. That would take years. Instead it explains the concepts involved in a far more accessible way, which is how it manages to cover so many topics so quickly.
Feedback so far has been great. It is good to hear from auditors who have been reading it carefully, taking it all in, and building up their knowledge. People I know who are not auditors are also buying it because having a wide conceptual knowledge of risk mathematics and the ability to spot conceptual mistakes is valuable to them too.
Because people are interested in understanding more about the audit reviews that should be possible with this knowledge, I have written a short article to explain the possibilities and limitations.
From the Inside Flap
This uniquely accessible, breakthrough book lets auditors grasp the thinking behind the mathematical approach to risk without doing the mathematics.
Risk control expert and former Big 4 auditor, Matthew Leitch, takes the reader gently but quickly through the key concepts, explaining mistakes organizations often make and how auditors can find them.
Spend a few minutes every day reading this conveniently pocket sized book and you will soon transform your understanding of this highly topical area and be in demand for interesting reviews with risk at their heart.
“I was really excited by this book – and I am not a mathematician. With my basic understanding of business statistics and business risk management I was able to follow the arguments easily and pick up the jargon of a discipline akin to my own but not my own.”
—Dr Sarah Blackburn, President at the Institute of Internal Auditors – UK and Ireland
From the Back Cover
This uniquely accessible, breakthrough book lets auditors grasp the thinking behind the mathematical approach to risk without doing the mathematics.
Risk control expert and former Big 4 auditor, Matthew Leitch, takes the reader gently but quickly through the key concepts, explaining mistakes organizations often make and how auditors can find them.
Spend a few minutes every day reading this conveniently pocket sized book and you will soon transform your understanding of this highly topical area and be in demand for interesting reviews with risk at their heart.
“I was really excited by this book – and I am not a mathematician. With my basic understanding of business statistics and business risk management I was able to follow the arguments easily and pick up the jargon of a discipline akin to my own but not my own.”
―Dr Sarah Blackburn, President at the Institute of Internal Auditors – UK and Ireland
About the Author
Matthew Leitch (Epsom, UK) is an author on a mission to make risk control easier, more natural, and much more valuable. His insightful, readable books are at the leading edge of thinking and practice in internal control and risk management. He frequently carries out original research on topical questions, such as how our use of words affects the way we think about uncertainty, and what expertise auditors need. He is a qualified chartered accountant and holds a BSc in psychology from University College London. He is author of Intelligent Internal Control and Risk Management, and runs the website, www.internalcontrolsdesign.co.uk. He speaks at numerous risk and audit conferences for organizations including the IIA and IIR.
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