Internal Auditor Advanced Training
The senior auditor needs to develop their skills to add value to the Audit Department. This focused 18 hour CPE virtual event helps the experienced internal auditor to understand the underlying concepts and principles that drive the practice of internal auditing. The attendees will learn the concepts that are behind audit planning, performance, reporting, and follow-up. It is ideal for senior auditors and those preparing to be an audit team manager. "Internal Audit Advanced Training" is the perfect CPE course to provide a focused review of advanced audit techniques.
The advanced auditor must have tools in the following areas:
- Essentials of providing internal audits
- Effective communication of internal audit findings
- Risk-based internal audit planning and execution
- Advanced audit fieldwork and interviewing methodologies
- Audit issue and audit fieldwork workpaper quality and review
- Manage corporate cultural change
This timely, CPE virtual training event is designed for the experienced internal auditor and others who have to lead internal audit projects or compliance efforts and then communicate the results to management and the Board.
Each attendee will receive 18 Auditing CPE Event Hours (YB). A certificate of completion will be provided.
Details on Event Presentation
Offered on Tuesday-Thursday once every six weeks in three six hour sessions for 18 CPE credits.
The sessions will run from 9:00 a.m. to 3:00 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
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What are the Internal Auditor's Responsibilities?
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Guidance that is available
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COSO 2013 guidance
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How do you manage the "Audit Life Cycle"?
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How to Conduct a financial auditing
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Auditing for fraud
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Conducting an operational audit
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Conducting an IT audit
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Improving the audit with software
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
Improve the effectiveness of your Audits by:
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Understanding the roles and responsibilities of the Audit Senior and Manager
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Examining methods to estimate Internal Audits and calculate Audit costs
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Identifying the phases of the "Audit Life Cycle" and how to manage them
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Learning the concepts of Financial, Operational, Fraud, Compliance and IT Audits
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Conveying the audit findings and audit status more effectively
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Key Issues on the Agenda
Introductions
Section 1. Introduction and Overview
. About Us and About Your Instructor
. Who are You? What are Your Needs?
. Overview of Agenda Tailored to Your Needs
Section 2. Concepts and Definitions
. What is "Internal Auditing"? What are the Objectives?
. What is "Risk"? Can Risk Be Managed?
. What is "Internal Control" and Why Are Controls So Important?
. Guidance from the IIA, COSO and COBIT
. Regulatory Requirements from the SEC, PCAOB and Others
. What is the "Audit Life Cycle"?
Section 3. History Lesson
. Where Did Internal Auditing Start?
. Where is Internal Auditing Today?
. Where is Internal Auditing Going Tomorrow?
Section 4. Roles of the Audit Team
. Audit Committee Responsibilities
. Director of Internal Audit/ CAE
. Audit Manager
. Audit Senior/ Supervisor
. Audit Staff
. Personality Profile
Section 5. Internal and External Auditing
. Responsibilities of Management
. Responsibilities of External Auditors
. What is "Materiality"? "Misstatements"?
. Responsibilities of Internal Auditors
Section 6. "Selling" Internal Audits"
. What is the "Value Proposition?
. Marketing the Internal Audit Function
. SPIN Selling
. Metrics
Section 7. Planning the Internal Audits
. Defining Risk - A Deeper Dive
. Assessing Risk in Your Organization
. Defining Your Auditable Units
. CSAs and ICQs
. Prioritization and Selection
. Mapping Resources to the Audit Plan
. Audit Unit Rotation
. Validating Your Audit Plan
Section 8. Performing the Internal Audits
. Understanding Internal Controls
. Starting the Fieldwork
. Obtaining a Walk-Through
. Defining and Refining the Audit Procedures
. Interviewing Techniques
. Assessing the Segregation of Duties
. Internal Control Testing
. Sampling Techniques
. Using Audit Software
. Documenting Audit Workpapers
Section 9. Producing Quality Workpapers
. Workpaper Key Elements
. Organization Methods
. Documentation Examples
. Workpaper Review Deficiencies
. Audit Software Packages
Section 10. Concluding the Audit
. Components of the Report
. Summarizing for the Executives
. Detailing the Findings
. What is the Root Cause? - Root Cause Analysis (RCA)
. Recommendations and CAPs
. Opinions and Ratings
. Report Optimization and Formats
. Effective Communication of Results
Section 11. Internal Audit Quality Improvement Program
. What is "Audit Quality"?
. Implementing an IA QIP
. IA Quality Metrics - The Good and The Bad
. IA QIP Scorecard
Section 12. Summary and Wrap-Up
. Recap of Internal Audit Advanced Training
. Your Keys to Success!NASBA Program Disclosure
Program Level of Understanding: Intermediate
Prerequisites: Internal Audit 101 and/or Internal Audit 201
Advance Preparation: None
Delivery Format: Group Internet Based
NASBA Field(s) of Study: Auditing
CPE Credits: 18, based on 50 minutes of instruction per hour
Summary of the Subject Matter
This CPE event "Internal Auditor Advanced Training" offers a comprehensive exploration of advanced concepts and best practices tailored specifically for internal auditors.
This event focuses on enhancing the expertise of internal auditors in areas such as risk assessment, fraud detection, compliance management, and process optimization. Participants can expect to delve into advanced auditing methodologies, sharpen their skills in identifying potential risks and fraud indicators, and gain insights into leveraging technological tools for more efficient audit processes.
This training is designed to empower internal auditors with the knowledge and techniques necessary to navigate complex audit environments effectively and contribute significantly to organizational governance and risk management.