Internal Auditing 101: Basic Training for Auditors
Internal Auditing Training Basics
Take the first step toward a successful career in internal auditing with Internal Auditing 101, a comprehensive course tailored for aspiring auditors and professionals seeking to enhance their knowledge of internal auditing basics training. This 8 CPE-credit internal audit training equips participants with the skills and confidence needed to excel in this high-demand field, making it an essential resource for anyone aiming to thrive in audit and compliance roles.
Why Attend Internal Auditing 101?
1. Master the Fundamentals of Internal Auditing
- Gain a robust understanding of audit planning, fieldwork, and reporting, as well as the role of internal auditors in adding organizational value.
- Learn the principles of IIA standards, internal controls, and the audit risk assessment process critical to effective auditing in this auditing fundamentals course.
2. Enhance Professional Excellence in this Beginner Internal Auditing Training
- Develop skills in identifying and mitigating risks, assessing internal controls, and making impactful recommendations.
- Build expertise in audit communication, from gathering evidence to delivering actionable reports.
3. Earn CPE Credits and Advance Your Career
- Secure 8 NASBA-certified CPE credits, demonstrating your commitment to professional growth and mastery of internal audit essentials.
Why Learn Internal Auditing Basics?
This interactive course, delivered across two four-hour live webinar sessions, balances theoretical knowledge with practical applications. This "What are the Basics of Internal Audting?" event led by expert instructors, the training provides powerful tools to build your foundation in internal auditing.
Key Topics Include:
1. Introduction to Internal Auditing
- Learn what internal auditing is, its standards, and its essential role in fostering transparency and accountability.
- Hear the basic concepts of internal auditing within this internal auditing for beginners event.
- Understand the principles of internal control and how auditors support effective risk management.
2. Audit Risk Assessment and Planning
- Explore techniques for conducting comprehensive audit risk assessments and planning individual audits.
- Get hands-on guidance on developing detailed audit strategies that address operational and financial risks.
3. Conducting Audit Fieldwork
- Master fieldwork techniques including internal control testing, audit walkthroughs, and gathering evidence.
- Develop skills in data analysis, active listening, and audit interviewing for improved results.
4. Reporting Audit Findings
- Learn how to document exceptions and findings, prepare internal audit reports, and effectively communicate results to stakeholders.
- Gain actionable insights into conducting impactful audit exit meetings.
5. Using Audit Tools
- Discover how audit software can enhance audit management, risk assessment, and reporting efficiency.
Course Details
- Schedule: Held every eight weeks on Wednesday-Thursday in two four-hour sessions (10 a.m.–2:30 p.m. CST, with a lunch break from 12–12:30 p.m.).
- Delivery Format: Live, interactive webinar sessions led by experienced instructors.
- Fee: $560 per attendee.
- Private Options: Tailored sessions available for groups of two or more.
No prerequisites are required, so whether you’re a beginner or seeking a refresher, this course is designed to meet your needs.
Who Should Attend?
This course is an ideal fit for:
- Aspiring Auditors looking to begin their career with a strong foundation in audit principles.
- Finance Professionals seeking to broaden their skill set within accounting, compliance, or risk management.
- Industry Auditors (government, bank, non-profit, insurance, etc.) aiming to strengthen their foundational knowledge.
No matter your industry, this session delivers the foundational knowledge you need to excel in modern auditing challenges.
Why Internal Auditing Matters
Internal auditing is more than a regulatory requirement—it’s a powerful tool for promoting trust, integrity, and operational efficiency. By mastering internal auditing basics, professionals can:
- Add Value to Organizations: Improve operational performance by identifying inefficiencies and promoting accountability.
- Mitigate Risks: Conduct thorough risk assessments to ensure controls are in place against evolving threats.
- Support Transparency: Enhance decision-making by providing clear, actionable insights into organizational processes.
Take Your First Step Toward Auditing Excellence
Join Internal Auditing 101 and unlock the skills and knowledge needed to succeed as an internal auditor. Equip yourself with tools, techniques, and guidance to effectively address risks, communicate findings, and uphold organizational standards.
Register now to secure your spot, earn 8 CPE credits, and begin your journey toward becoming a proficient internal auditor!
Details on Event Presentation
Offered on Wednesday-Thursday once every eight weeks in two four hour sessions for 8 CPE credits.
The sessions will run from 10:00 a.m. to 2:30 p.m. Central Time Zone.
There will be a lunch break from 12:00 noon to 12:30 p.m. each day.
We can schedule private courses on internal audit on your timetable for two or more attendees.
NASBA Program Disclosure
Program Level of Understanding: Basic
Prerequisites: None
Advance Preparation: None
Delivery Format: Group Internet Based
NASBA Field(s) of Study: Auditing
CPE Credits: 8, based on 50 minutes of instruction per hour
CPE Event Highlights
The seminar reviews and answers the following questions:
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What is internal auditing and what are auditing standards?
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How to approach audit risk assessment and individual audit planning?
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What are the best practices in conducting audit fieldwork?
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What are the key sections in internal audit reports?
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Learning Objectives
What You’ll Gain from This Training
Attendees will:
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discuss interpersonal and team-building skills
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learn how to identify audit risks and plan fieldwork
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understand how an audit fieldwork is conducted
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learn how to evaluate and document internal controls
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discover the best techniques for gathering audit evidence
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understand the audit communication process
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Key Issues on the Agenda
Introductions
Section 1 - Overview of Internal Auditing-
Myths about auditing
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What is internal auditing?
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What is internal control?
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How can auditors manage risks?
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Accounting vs auditing
Section 2 - Internal Auditing - Yesterday, Today and Tomorrow-
History of internal auditing
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Today's internal auditor
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Tomorrow's challenges
Section 3 - Auditor Guidance-
Auditor's guidance sources
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IIA International Professional Practices Framework (IPPF)
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How to use the "Code of Ethics"
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COSO 2013 guidance
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Sarbanes-Oxley Act
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Guidance for the external auditor
Section 4 - Role of the Audit Team-
Increasing responsibilities
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Auditor skills
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Auditor personality profile
Section 5 - Internal vs. External Auditing-
Responsibilities
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Financial audits
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Materiality and misstatements
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Financial statement assertions
Section 6 - Planning the Audit and Assessing Audit Risk-
Internal Audit "Life Cycle"
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Internal Audit "Risk Assessment"
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The focus on risk management
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Money In
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Money Out
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Risk - Control - Objective
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Planning the individual audit
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Audit procedures
Section 7 - Conducting Audit Fieldwork-
Recognize the important internal controls
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Conducting an "audit walkthrough"
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"Fieldwork" skills
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Audit interviewing
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Effective questioning technique (S.P.I.N.)
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Active listening skills
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Audit evidence
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Testing internal controls
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Sample size
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Examples
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Workpaper characteristics
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Workpaper review
Section 8 - Using Audit Software-
Data analysis
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Audit management
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Flowcharting
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Risk management
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Reporting and content management
Section 9 - Concluding the Audit-
Document the exceptions and findings
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Documents in the audit reporting process
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Audit exit meetings
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Building rapport
Section 10 - Summary-
Summary of the Subject Matter
Key Features of Our Internal Auditing Course
The "Internal Auditing 101" training event offered by CCS is comprehensive and essential basic audit training for individuals who are newly introduced to internal auditing or looking to expand their knowledge in the internal audit field. This internal audit training seminar provides a solid foundation in the essentials of Internal Audit 101 and is designed to introduce participants to the basics of internal auditing. The training covers the essential principles, practices, and processes of internal auditing, and provides a solid foundation for those interested in pursuing a career in internal auditing.
Attendees will learn about the purpose and scope of internal auditing, as well as its role in managing risk, improving operations, and adding value to an organization. The audit training event will also cover the different types of audits, audit planning, audit fieldwork, and audit reporting. The seminar covers the International Standards for the Professional Practice of Internal Auditing (IIA standards) and how they can be applied in day-to-day work.
Audit training will be conducted by experienced internal auditors and instructors who have practical, real-world experience in the field. Interactive case studies, group discussions, and hands-on exercises will reinforce the concepts learned during the audit seminar.
This event is suitable for individuals who want to build a career in internal auditing, including audit staff, auditors-in-charge, managers, and other professionals who support internal auditing activities. Attendees will receive a certificate of completion upon finishing the training.