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Internal Auditing 101 - In-Person

Internal Auditing 101 - In-Person

Mastering Internal Auditing Basics: Comprehensive Training for Tomorrow's Auditors
 
In an environment where transparency and accountability are more than just values—they're imperatives—internal auditing stands out as a crucial skill set. Our audit 101 course is specifically designed for individuals eager to build a robust foundation in internal auditing basics. This course on internal audit doesn't just introduce you to the auditing basics; it immerses you in the audit principles and audit practices that are essential for any professional looking to make a mark in the field of internal auditing.
 
Course Overview: "Internal Auditing 101" is an invitation to those who are new to the field or seeking to refresh their knowledge. It’s a meticulously structured audit training course that combines theoretical knowledge with practical insights, ensuring participants are well-equipped to tackle the challenges of modern-day internal auditing.
 
Date and Time: Step into the world of internal auditing through our engaging and comprehensive training session, designed to fit into your busy schedule. 
Duration: This intensive course on internal audti is presented in a one day, dedicating 8 CPE Hours to your development as an internal audit professional. 
Format: Delivered as a hands on in-person audit training event, this internal audit course provides a dynamic and interactive learning experience, enabling participants to learn, share, and grow together.
 
Who Should Enroll:
  • Individuals aspiring to start a career in internal auditing because of the demand for internal auditors is up.
  • Professionals seeking to enhance their understanding of internal auditing basics, IIA standards, financial auditing basics, and other initial auditing profession fundamentals.
  • Team members in finance, compliance, or risk management roles looking to broaden their skill sets.
  • It does not matter what industry you are in this event is valuable to how to learn auditing! This is   bank auditor training, insurance auditor training, utility auditor training, government auditor training.
 
What You Will Learn:
  • The key internal audit concepts, standards, and practices of internal auditing.
  • How to effectively plan and conduct internal audits within any organization.
  • Strategies for identifying risks and assessing the effectiveness of internal controls.
  • Techniques for communicating your findings and making impactful recommendations.
 
Course Highlights:
  • Expert-led sessions that offer both depth and breadth of knowledge in internal auditing.
  • Real-world case studies that provide a practical perspective on applying audit principles.
  • Interactive discussions and Q&A opportunities that enrich the learning experience.
 
Take Your First Step Toward Auditing Excellence: Join us in "Internal Auditing 101" and pave your way to becoming a proficient internal auditor. This training is more than an introduction to the internal auditing basics; it’s a gateway to mastering the vital role of internal auditing in any organization's success and integrity. Equip yourself with the knowledge and skills needed to contribute to and uphold the principles of transparency and accountability in today’s challenging business environment.

  • Details on Event Presentation

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

    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: 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

  • 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?

    CCS is your special source for internal audit course and IT audit training both in-person and via webinars.

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  • 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

    Introductions

    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

  • 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 101 field. This internal audit 101 training course provides a solid foundation in the essentials of Internal Audit 101 and is designed to introduce participants to the internal auditing basics. The audit 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 101 training event will also cover the different types of audits, audit planning, audit fieldwork, and audit reporting. The audit 101 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.

$695.00Price
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