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Internal Auditing 101 - In-Person

Internal Auditing 101 - In-Person

New Auditors need to be focused on getting results that will add value to the Audit Department. Internal audits are an important requirement for effective corporate governance.


The internal auditor is at the front line in evaluating management's internal control, assessing the accuracy of financial information, and ensuring compliance with laws and regulations. Learn how to perform these important duties and comply with the professional auditing standards.


"Internal Auditing 101" is the perfect CPE course to introduce internal auditing to someone new to the field or to someone who has not had formal training. This course provides an overview of the "audit life cycle", including audit planning and risk assessment, conducting fieldwork, interviews, walkthroughs and tests of controls, and audit reporting and follow-up.


CCS provides the latest guidance for a risk-based, top-down audit approach, key audit terminology, audit workpaper documentation, and "selling" the benefits of the audit. This event presents an overview of the professional standards (IIA, ISACA, AICPA), frameworks (COSO, COBIT), and soft-skill competencies an auditor needs to become competent. This seminar walks the participants through the basics of being an internal auditor. It is ideal for auditors who want to ensure that they follow approved, prescribed audit standards and apply the appropriate audit tools and techniques.


This timely, eight hour CPE internal audit training event covers the basics of how to create an effective audit plan, perform the audits, generate workpapers, and effectively communicate the results.


Each attendee will receive 8 Auditing CPE Hours (YB). A certificate of completion will be provided.

  • Details on Event Presentation


    Offered in-person on Thursday's at 8:45 a.m. to 4:45 p.m.

  • CPE Event Highlights

    The seminar reviews and answers the following questions:

    • What is internal auditing and what are auditing standards?

    • How to approach audit risk assessment and individual audit planning?

    • What are the best practices in conducting audit fieldwork?

    • What are the key sections in internal audit reports?

  • Learning Objectives

    Attendees will:

    • discuss interpersonal and team-building skills

    • learn how to identify audit risks and plan fieldwork

    • understand how an audit fieldwork is conducted

    • learn how to evaluate and document internal controls

    • discover the best techniques for gathering audit evidence

    • understand the audit communication process

  • Key Issues on the Agenda


    Section 1 - Overview of Internal Auditing

    • Myths about auditing

    • What is internal auditing?

    • What is internal control?

    • How can auditors manage risks?

    • Accounting vs auditing

    Section 2 - Internal Auditing - Yesterday, Today and Tomorrow

    • History of internal auditing

    • Today's internal auditor

    • Tomorrow's challenges

    Section 3 - Auditor Guidance

    • Auditor's guidance sources

    • IIA International Professional Practices Framework (IPPF)

    • How to use the "Code of Ethics"

    • COSO 2013 guidance

    • Sarbanes-Oxley Act

    • Guidance for the external auditor

    Section 4 - Role of the Audit Team

    • Increasing responsibilities

    • Auditor skills

    • Auditor personality profile

    Section 5 - Internal vs. External Auditing

    • Responsibilities

    • Financial audits

    • Materiality and misstatements

    • Financial statement assertions

    Section 6 - Planning the Audit and Assessing Audit Risk

    • Internal Audit "Life Cycle"

    • Internal Audit "Risk Assessment"

    • The focus on risk management

    • Money In

    • Money Out

    • Risk - Control - Objective

    • Planning the individual audit

    • Audit procedures

    Section 7 - Conducting Audit Fieldwork

    • Recognize the important internal controls

    • Conducting an "audit walkthrough"

    • "Fieldwork" skills

    • Audit interviewing

    • Effective questioning technique (S.P.I.N.)

    • Active listening skills

    • Audit evidence

    • Testing internal controls

    • Sample size

    • Examples

    • Workpaper characteristics

    • Workpaper review

    Section 8 - Using Audit Software

    • Data analysis

    • Audit management

    • Flowcharting

    • Risk management

    • Reporting and content management

    Section 9 - Concluding the Audit

    • Document the exceptions and findings

    • Documents in the audit reporting process

    • Audit exit meetings

    • Building rapport

    Section 10 - Summary

  • NASBA Program Disclosure

    Program Level of Understanding: Basic

    Prerequisites: None

    Advance Preparation: None

    Delivery Format: On-site Training (Group-Live); Seminar (Group-Live)

    NASBA Field(s) of Study: Auditing

    CPE Credits: 8, based on 50 minutes of instruction per hour

  • Summary of the Subject Matter

    The "Internal Auditing 101" in-person 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.

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