Internal Auditing: Basic to Advanced
Join us for this exclusive, 40 CPE-credit in-person seminar to learn about Internal Auditing and Compliance, and its importance to all organizations.
The content of this 5-day class will be specifically tailored to your organization, and includes content about starting and improving an Internal Audit and Compliance function, presenting information to executives and Boards, how to audit financial transactions and controls, how to initiate and assess an Enterprise Risk Management (ERM) program, and details about IT and cybersecurity controls, audit estimating and scheduling, transaction sample-testing, use of Artificial Intelligence (AI) tools, critical success metrics, and much more!
Each attendee will receive expert instruction that is custom-tailored to your organization, along with a Certificate of Completion, and a complete set of editable Audit documentation that includes PowerPoint presentations, audit plans, audit procedures, Auditor time and expense tracking documents, templates, and report formats.
This class is ideal for in-person, one-on-one and small-group instruction with attendees from the same organization. Although presented in various cities on our website, this class can also be presented in any location and on any date. Sign up now to learn how to initiate and enhance an Internal Audit and Compliance function!
Course Description
Demonstrate your organizational value by learning how to initiate an Internal Audit and Compliance function or enhance one with our five-day, custom-tailored “Internal Auditing: Basic to Advanced” class. We will customize the content based on your requirements within your organization!
Become an expert in “the independent assessment of transactions and controls to balance risk”! Improve your potential with our “Internal Auditing: Basic to Advanced” in-person training class. Are you initiating or enhancing your Internal Audit and Compliance program, and not sure how to start?
Whether you want to change your career to this in-demand profession, or start your career, or would like a comprehensive refresher, this five-day live, in-person seminar empowers you to master essential auditing skills, understand risk assessment, and effectively communicate results. Gain confidence in your role while earning a massive 40 NASBA-approved CPE credits, obtain a certification, and ensure that you are equipped for both internal auditing (Institute of Internal Auditors (IIA) standards and our real-world application) and government auditing including Yellow Book (YB) requirements.
Why Attend This Training?
1. Enhance your Audit and Compliance Function and Build a Solid Foundation
- Understand what it means to be an Internal Auditor and/ or Compliance professional, and why your role is crucial in balancing organizational risks.
- Learn the key principles of auditing standards, internal controls, and risk assessment frameworks like GIAS, COSO, COBIT, and others.
2. Develop Practical, Hands-On Skills
- Obtain knowledge of audit planning, fieldwork, sampling, testing transactions and internal controls, and reporting.
- Master tools and techniques for creating clear, concise, and impactful audit reports.
3. Toolkit
- We will provide you with a comprehensive electronic toolkit of Audit and Compliance documentation that you can use to initiate or enhance your Audit and Compliance program.
4. Learn from the Best
- Engage with experienced instructors with many years of past and current Audit, Security, and Compliance expertise who share insider tips and deep "audit tradecraft" knowledge.
- Participate in interactive sessions that make learning engaging and enjoyable.
5. Earn 40 CPE Credits
- Gain valuable CPE credits while enhancing your skills in auditing and compliance—a win-win for your career prospects.
Who Should Attend?
This training is perfect for a wide range of professionals:
- Personnel Changing Professions that want to learn about the useful, marketable opportunities of assessing and reporting on risk and control.
- New Internal Auditors starting their careers in auditing.
- Compliance Analysts ready to deepen their understanding of internal controls.
- Seasoned Professionals seeking a refresher on fundamental and advanced auditing concepts.
If you're eager to boost your skills and gain a competitive edge, this tailored course is for you!
What You’ll Gain
This enjoyable, intensive training will guide you through the critical aspects of auditing, arming you with the expertise to become a trusted advisor and risk manager in your organization.
Enroll now and begin your transformation into a truly awesome auditor while earning 40 CPE credits to showcase your commitment to continuous learning!
Details on Event Presentation
The sessions will be as follows:
Monday – 9:00 a.m. to 5:00 p.m.
Tuesday - 9:00 a.m. to 5:00 p.m.
Wednesday - 9:00 a.m. to 5:00 p.m.
Thursday - 9:00 a.m. to 5:00 p.m.
Friday - 9:00 a.m. to 3:00 p.m.
Offered in-person in various cites each month on Monday-Friday in five daily sessions.
CPE Event Highlights
Core Topics Covered:
- Audit standards and ethical considerations within internal auditing.
- Fieldwork techniques, audit documentation, and creating reliable workpapers.
- Internal control testing and determining the credibility of audit results.
- Principles of efficient auditing, including time management and dealing with audit clients.
- Advanced topics like continuous auditing, executive and Board presentations, specialized audit projects, and key success metrics.
This seminar also includes interesting and inspiring case studies to cement your understanding of real-world audit and compliance challenges and solutions.
Learning Objectives
Key Learning Objectives:
- Identify and implement the five stages of an internal audit and compliance assessment, from planning to reporting follow-up.
- Learn audit sampling techniques and evaluate the quality of audit evidence.
- Apply the COSO Internal Control and ERM Frameworks to ensure organizational controls are effective.
- Conduct risk assessments and develop strategies to manage audit and compliance risk.
- Hone your communication and “soft-skills” to effectively present audit findings, both in written and verbal formats.
- Leverage tools like AI, data analytics, and audit software for enhanced audit efficiency.
Key Issues on the Agenda
Key Issues on the Agenda
Days 1 and 2: Details of Internal Auditing
Section 1 Overview of Internal Auditing
Section 2 Understanding Internal Control
Section 3 Internal Auditing: Origin, Today and Tomorrow
Section 4 Roles and Responsibilities of the Internal Audit Team
Section 5 Internal Auditing Standards: GIAS from the IIA
Section 6 Governance: The Tone at the Top
Section 7 Tailored Policies to Your Organization
Section 8 The Impact of the Sarbanes-Oxley Act
Section 9 Internal vs. External Auditing
Section 10 Audit Strategies
Section 11 Assessing Risk and Planning the Audit
Section 12 Audit Estimating
Section 13 Detailed Audit Planning
Section 14 The Audit Planning Memo
Section 15 Conducting the Audit Fieldwork
Section 16 Soft Skills and the Art of Audit Interviewing
Section 17 Testing Internal Controls
Section 18 Workpaper Documentation
Section 19 Using Audit Software and AI Tools
Section 20 Risks and Controls at Your Organization
Section 21 Concluding the Audit
Section 22: Summary and Wrap-UpDay 3: Types of Internal Audits
Section 1: Operational Auditing
Section 2: Audit of Revenue
Section 3: Audit of Purchase-to-Pay
Section 4: Audit of Inventory
Section 5: Audit of Fixed Assets
Section 6: Audit of Payroll
Section 7: Audit of Treasury and Cash Management
Section 8: Audit of Financial Close and Reporting
Section 9: Audit of IT General Controls
Section 10: Compliance and Performance Audits
Section 11: Supplier Audits
Section 12: Frauditing – Auditing for Fraud
Day 4: Tailored Audits for Your Organization
Section 1: Creating an Internal Audit and Compliance Function
Section 2: An Internal Audit Plan and Audit Procedures for Your Organization
Day 5: Audit Communications and Reporting
Section 1: Introduction and Overview
Section 2: Effective Audit Communications
Section 3: Components of the Audit Report
Section 4: The High-Level Focus - The Executive Summary
Section 5: The Hard Facts - Audit Findings and Issues
Section 6: Recommendations and Corrective Action
Section 7: Audit Opinions, Ratings and Conclusions
Section 8: Audit Report Formatting
Section 9: Optimizing the Audit Report
Section 10: Summary and Wrap-UpNASBA Program Disclosure
Program Level of Understanding: Basic to Advanced
Prerequisites: None
Advance Preparation: None
Delivery Format:: "Group Live"
NASBA Field(s) of Study: Auditing
CPE Credits: 40, based on 50 minutes of instruction per hourSummary of the Subject Matter
The CPE event "Internal Auditing: Basic to Advanced” is designed to provide business professionals with a detailed, practical, custom-tailored understanding of key aspects of internal auditing and compliance assessments.
The content will equip you with essential skills and knowledge to excel in this role. From understanding audit and compliance fundamentals to mastering risk assessment and the details of financial processes and related controls, this event provides a comprehensive foundation for success in the dynamic fields of internal auditing and compliance at your organization.
CPE Event Highlights
Maximize your effectiveness and efficiency with comprehensive guidance from expert Audit and Compliance instructors. Sign up now!
We will cover in this program:
- What are internal controls and the processes of auditing and compliance.
- Learn the standards and guidelines for audit and compliance assessments.
- Understand the processes to identify and assess organizational and industry risk.
- Understand the elements of an effective organizational culture.
- Learn best practices in creating and sustaining an internal audit and compliance function.
- Learn detailed steps throughout the audit and compliance lifecycle.
- Know the role of sample-testing transactions and internal controls for business processes.
- Recognize the verbal, written, and body-language communications to support effective assessments.
- Best practices for testing internal controls and transactions.
- Best practices in creating internal audit reports.
- What to include and not include in each audit and compliance report.
- Essential sections of each type of audit report.
- How to document and communicate observations and low-risk items.
- Learn the process cycles and internal controls for revenue, expenses, inventory, fixed assets, payroll, treasury and cash management, and financial close and reporting.
- Understand how to audit vendors and suppliers, IT and cybersecurity, and potential fraud.