Internal Auditing 201
Elevate your career with Internal Auditing 201, an 8 CPE-credit course designed to help aspiring audit leaders master the skills needed for leadership within internal audit teams. This dynamic internal audit training seminar focuses on the critical knowledge required to lead small audit teams, supervise projects, and deliver results that meet audit management’s expectations.
Why Attend This Internal Audit Training Event?
1. Master Audit Leadership - Learn the key skills to lead small teams effectively, manage projects, and ensure the quality of audit deliverables.
2. Align with IIA Standards - Develop a deeper understanding of The IIA Standards and the International Professional Practices Framework (IPPF) to conduct compliant and efficient audits.
3. Strengthen Communication and Management Skills - Gain expertise in reviewing files, managing audit team workflows, drafting audit reports, and engaging with auditees professionally.
4. Earn 8 CPE Credits - Enhance your professional credentials with this NASBA-approved, 8-credit internal audit training seminar while building leadership skills.
What You’ll Learn
This in-depth training delivers actionable guidance on audit leadership and practical insights into managing the entire audit process.
Key Topics Included in this internal audit training:
1. Leadership Skills for Senior Auditors
- Key responsibilities of senior-level auditors.
- Supervising internal audits and managing audit lifecycles.
- Interpersonal skills for audit team and client interactions.
2. Essential Guidance for Internal Auditing
- Insights into IIA Standards and the IPPF framework.
- Understanding internal controls and the 2013 COSO Updates.
- Managing audits with a focus on risk-based approaches.
3. Types of Audits and Best Practices
- Conducting compliance, operational, and IT audits effectively.
- Anti-fraud controls and fraud risk assessment techniques.
- Utilizing software for audit management, monitoring, and reporting.
4. Effective Audit Communication
- Preparing workpapers and drafting clear, actionable audit reports.
- Evaluating and categorizing audit findings for management review.
- Enhancing the quality and impact of audit conclusions.
Special Focus Areas:
- Risk identification and control evaluation.
- Segregation of duties and performance improvement strategies.
- Data analysis, monitoring techniques, and audit compliance.
Benefits of Attending
Attendees gain more than just technical skills – they leave empowered to lead audit projects and teams successfully. Benefits include:
- Leadership Development: Learn to guide your team while maintaining accountability to audit standards.
- Enhanced Career Growth: Position yourself for senior auditor roles with insights into management responsibilities.
- Improved Audit Processes: Optimize project planning, risk evaluations, and audit execution.
- Professional Recognition: Earn 8 CPE credits that showcase your expertise in internal audit leadership.
Event Details
- Schedule: Offered every eight weeks (Wednesday-Thursday), 10 a.m. – 2:30 p.m. CST, with a lunch break.
- Format: Group internet-based webinar.
- CPE Credit: 8 NASBA-approved credits in Auditing.
- Cost: $560.
- Private Training: Custom sessions are available for teams of two or more.
Who Should Attend This Internal Audit Training Event?
This event is tailored for internal auditors preparing for leadership roles or seeking to build small team management expertise. Ideal attendees are:
- Audit Managers and Seniors: Master guidance and interpersonal skills to oversee audit projects.
- Aspiring Leaders: Develop leadership strategies to confidently take on team and project responsibilities.
- Compliance and Risk Officers: Learn techniques to enhance control and governance processes.
Why Leadership in Auditing Matters
Strong leadership in internal auditing is the backbone of effective organizational risk management. By participating in this course, you’ll gain:
- Confidence in Leadership: Take charge of audit teams with informed strategies for success.
- Improved Audit Efficiency: Deliver comprehensive and insightful audits that support organizational accountability.
- Deeper Regulatory Understanding: Stay updated on global standards like IIA, COSO, and Sarbanes-Oxley.
Register Today
Invest in your leadership potential with Internal Auditing 201. This 8-CPE credit course delivers the skills and knowledge you need to excel as a senior auditor or audit manager. Learn to lead with confidence and make a lasting impact on your organization’s audit effectiveness.
Register now and take the next step in becoming a trusted audit leader within your organization!
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.
CPE Event Highlights
Attendees will:
- Understand how an audit is conducted
- Learn how to identify risk
- Learn how to evaluate and document internal control
- Discover the best techniques for gathering audit evidence
- See the importance of preparing workpapers
- Understand the audit communication process
CCS is your special source for internal audit course and IT audit training both in-person and via webinars.
Learning Objectives
- Develop knowledge and understanding of The IIA Standards for successful performance of internal audits.
- Learn the International Professional Practices Framework (IPPF) critical to performing internal audits in all organizations and passing the CIA exam.
- Be able to assist management of organizations being audited to have the most successful receipt of an internal audit.
- Learn the practices and skills for the successful performance of internal audits. Understand how to use technology to support the internal auditor.
- Become familiar with ways in which an organization can adapt to better compete in the global marketplace.
- Understand The IIA Code of Ethics and the importance of the actions of internal auditors in performance of audits.
- Be able to correctly evaluate and suggest improvements to the effectiveness of risk management, control, and governance processes throughout the organization.
Key Issues on the Agenda
Introductions
Section 1 - What are the Senior-Level Internal Auditor Responsibilities?
- What is "Internal Auditing"?
- What Shouldn't an Internal Auditor Do?
- Managing the Audit
- Analytical Review
- New Audit Focus is on RISK!
Section 2 - What Guidance is Available?
- Auditor Guidance Sources
- What are Internal Controls?
- IIA International Professional Practices Framework (IPPF)
Section 3 - What is the COSO 2013 Update and What Should I Do About It?
- Guidance from COSO
- Summary of 2013 COSO Updates
- Advice to Implement the New COSO
Section 4 - How Do We Manage the "Audit Life Cycle"?
- Division of Responsibilities
- The "Internal Audit Life Cycle" Manager's Perspective
- Dissecting the Internal Audit
- Audit Project Time Allocation
- How Do We Plan the Internal Audit?
- risk-based Audits
Section 5 - Should Internal Auditors Conduct Financial Audits?
- External Auditing Differ from Internal Auditing?
- How Do We Test the Financial Transactions?
- Methods of Internal Control Testing?
- Is the Sample Size Appropriate?
Section 6 - "Frauditing" - Are We Supposed to Audit for Fraud?
- Fraud Risk Assessment
- Where is Fraud Most Like to Occur?
- Behavioral Red Flags
- Categories of Fraud
- Anti-Fraud Controls
Section 7 - How Do We Conduct an Operational Audit?
- How Do We Manage Operational Audits?
- Examples of Operational Audits
- Assess the Segregation of Duties
Section 8 - Do Performance and Compliance Audits Add Value?
- Should We Perform Compliance Audits?
- Auditor Guidance: Federal Legislation
- Internal Control for Public Companies
- Sarbanes-Oxley "Raised the Bar"
Section 9 - Do We Need to Conduct IT Auditing?
- IT Auditing
- "General Computer Controls"
- "Application Computer Controls"
- Recommended IT Controls
Section 10 - Can We Improve the Audit with Software?
- Data Analysis/ Monitoring
- Audit Management
- Risk Management
Section 11 - How Do We Conclude the Internal Audit?
- Audit Manager Assessment of Findings
- Examples of Categorized Findings
- Audit Manager Review
- Quality of the Audit Report
Section 12 - SummaryNASBA Program Disclosure
Program Level of Understanding: Basic
Prerequisites: Internal Auditor 101
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
Summary of the Subject Matter
The Internal Auditing 201 training event provides intermediate audit training for individuals seeking to expand their knowledge of the internal audit process.
This internal audit seminar is designed for those who have a basic understanding of internal audit. It is ideal for individuals seeking to develop their skills as an internal auditor. The course covers the key elements of the internal audit process, including audit compliance. It also includes the audit process, types of audits, and the role of the Internal Auditor in promoting organizational accountability.
The training aligns with IIA standards and focuses on the latest best practices and techniques for conducting effective internal audits. Participants will gain a deeper understanding of audit services and internal audit basics, including risk assessments, audit planning, audit execution, and report writing.
The interactive course also includes case studies to help participants apply their learning to real-life situations. Whether you're looking to improve your audit compliance or seeking to advance your career as an Internal Auditor, the Internal Auditing 201 training seminar is an excellent investment in your professional development. Audit project leaders need to know how to lead within the Audit Department. Small group leadership is the key to the day-to-day effectiveness of the Internal Audit Department.
This CPE training seminar focuses on the skills that need to be exercised by the Audit Senior or Manager. As a follow-up to Internal Auditing 101, Internal Auditing 201 helps professionals develop into Senior Auditors and leaders for their audit teams. A small audit group leader must supervise so that every project meets audit management's expectations.
This CPE training seminar gives audit leaders insight into how to review a file, manage a project and draft audit reports. Additionally, the course will cover the interpersonal skills needed to supervise the audit team and interact with auditees. In addition, the course will cover audit management. Auditors should not be promoted without taking this training seminar.
This timely, 8 CPE training seminar is designed for the internal auditor moving up to a team leadership position. It is also designed for others who have to create and lead small audit teams.