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."

• Start here
• Auditing simple risk assessments
• Some types of probability distribution
• Auditing the design of business prediction models
• Auditing model fitting and validation
• Auditing and samples
• Auditing in the world of high finance
• Congratulations
• Useful websites
• Index