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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

9 reviews for A Pocket Guide To Risk Mathematics: Key Concepts Every Auditor Should Know

  1. Yong Xu
    December 22, 2021
    5.0 out of 5 stars book arrived in time and in good condition
    This book is in very good condition.
    Helpful? 0 0
    Marco Bottacini
    June 11, 2015
    Five Stars
    good
    Helpful? 0 0
    Freethinker
    January 1, 2015
    5.0 out of 5 stars Nilpotent infinitesimals
    Extremely interesting read! Definitely not for beginners. This is smooth infinitesimal analysis involving nilpotent non-invertible infinitesimals. The...More
    Extremely interesting read! Definitely not for beginners. This is smooth infinitesimal analysis involving nilpotent non-invertible infinitesimals. These are non-zero infinitesimals whose "squares" are zero that are used in synthetic differential geometry. These are very unlike the infinitesimals used in Keisler's and Henle's books. Historically they are more like Nieuwentijdt's infinitesimals than Leibnitz infinitesimals. Highly recommended for those with some mathematical logic and set theory background,
    Helpful? 0 0
    Stephen Cresswell
    November 2, 2012
    Not just for Auditors....
    I would recommend this book to anyone who needs to make or review quantitative analyses. This is not a thick difficult to read academic tome, but a co...More
    I would recommend this book to anyone who needs to make or review quantitative analyses. This is not a thick difficult to read academic tome, but a concise summary of a number of key topics. These are well set out in the Table of Contents making the book an ideal reference. Potentially useful to anyone who carries out analyses and wants to make sure they've covered all angles.
    Helpful? 0 0
    David Karapetyan
    May 17, 2009
    5.0 out of 5 stars Another perspective on infinitesimals
    A bit philosophically heavy at times and initially the loss of the law of the excluded middle is a little disconcerting but one gets used to the new l...More
    A bit philosophically heavy at times and initially the loss of the law of the excluded middle is a little disconcerting but one gets used to the new logic quickly enough.
    Helpful? 0 0
    aethr
    July 21, 2006
    5.0 out of 5 stars Calculus Done Right
    Or maybe just a very good introduction to a variation on infinitesimal analysis. As someone who disliked limits the first time I came across them, an...More
    Or maybe just a very good introduction to a variation on infinitesimal analysis. As someone who disliked limits the first time I came across them, and having watched students I was teaching stumble (way too early in the semester) when limits are introduced, I wish more mathematicians would become aware of this approach. Combining this book with "Calculus Made Easy", where nilpotent infinitesimals are used intuitively, might make for an excellent, limit-free introduction to calculus.
    Helpful? 0 0
    Prof Dr Thomas Sonar
    March 19, 2006
    Extremely well-written introduction
    into one of the possible interpretations of nonstandard analysis. Here, the starting point is the "smooth world", a space where all functions are smoo...More
    into one of the possible interpretations of nonstandard analysis. Here, the starting point is the "smooth world", a space where all functions are smooth. If this reminds you on Leibniz you will not be astonished to see in proof that in such worlds infinitesimal quantities are possible! In particular, nilpotent infinitesimals are introduced and calculus is shown to work very well with them. In a way this book recovers the notions of "linelets" and "timelets" of Barrow. However, if you really want to understand what is going on in the foundational underground, you have to go deep into model theory. The book ends by just giving a glimpse into this field.
    Helpful? 0 0
    Sam
    January 25, 2005
    5.0 out of 5 stars Important Book
    What lurks behind the approach taken in thisimportant and finely-rendered book is not widelyappreciated. Why so slow everyone? Are we ina Dark Age? Na...More
    What lurks behind the approach taken in this

    important and finely-rendered book is not widely

    appreciated. Why so slow everyone? Are we in

    a Dark Age? Nature abhors the perfect discontinuity.

    Natura non facit saltus! Smoothness rules, okay?
    Helpful? 0 0
    Colin McLarty
    March 27, 2000
    5.0 out of 5 stars Engaging, novel approach
    A recently developed approach to calculus lets Bell go very quickly from the basic definitions up to several interesting applications in geometry and ...More
    A recently developed approach to calculus lets Bell go very quickly from the basic definitions up to several interesting applications in geometry and mechanics. This version of calculus bypasses a lot of technical details to focus on the geometric meaning. If you have had analytic geometry then in principle you could read this book. It would be better if you have had some exposure to calculus but you do not need to remember much of it, and this book can quickly take you farther.
    Readers who want to get to the applications can skim through much of the first chapter, on historical and philosophic motivations for the approach.
    But a word for specialists: the book is also valuable as an exploration of this approach, called "synthetic differential geometry". This was created to make calculus more accessible but most people writing about it have focussed on theoretical investigations, as it involves a number of very new ideas. By writing on the introductory level, with rather advanced geometric applications, Bell has brought out novel aspects of the approach. Logicians and mathematicians interested in this foundation for geometry, or in elementary topos theory, should see what he has done.
    Helpful? 0 0
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