* All fees are exclusive of vat
** PREMIUM - Customize your learning experience
This focused Five-day course helps the experienced internal auditor to understand the underlying concepts and principles that drive the practice of internal auditing. The attendees will learn the concepts that are behind audit planning, performance, reporting, and followup. It is ideal for senior auditors, those preparing to be an audit team manager.
What is “Internal Auditing”? What are the Objectives?
What is “Risk”? Can Risk Be Managed?
What is “Internal Control” and Why Are Controls So Important?
Guidance from the IIA, COSO, and COBIT
Regulatory Requirements from the SEC, PCAOB, and Others
What is the “Audit Life Cycle”?
Where did Internal Auditing Start?
Where is Internal Auditing Today?
Where is Internal Auditing Going Tomorrow?
Audit Committee Responsibilities
Director of Internal Audit/ CAE
Audit Manager
Audit Senior/ Supervisor
Audit Staff
Personality Profile
Responsibilities of Management
Responsibilities of External Auditors
What is “Materiality”? “Misstatements”?
Responsibilities of Internal Auditors
What is the “Value Proposition?
Marketing the Internal Audit Function
SPIN Selling
Metrics
Planing Risk – A Deeper Dive
Assessing Risk in Your Organization
Defining Your Auditable Units
CSAs and ICQs
Prioritization and Selection
Mapping Resources to the Audit Plan
Audit Unit Rotation
Validating Your Audit Plan
Understanding Internal Controls
Starting the Fieldwork
Obtaining a Walk-Through
Defining and Refining the Audit Procedures
Interviewing Techniques
Assessing the Segregation of Duties
Internal Control Testing
Sampling Techniques
Using Audit Software
Documenting Audit Workpapers
Producing Quality Workpapers
Workpaper Key Elements
Organization Methods
Documentation Examples
Workpaper Review Deficiencies
Audit Software Packages
Components of the Report
Summarizing for the Executives
Detailing the Findings
What is the Root Cause? – Root Cause Analysis (RCA)
Recommendations and CAPs
Opinions and Ratings
Report Optimization and Formats
Effective Communication of Results
Internal Audit Quality Improvement Program
What is “Audit Quality”?
Implementing an IA QIP
IA Quality Metrics – The Good and The Bad
IA QIP Scorecard
Averest Training Certificate of Completion or delegates who attend and complete the training course
This course is certified by:
This Course can be customized delivered to a group at your facility saving time and money.