Internal Audit 101.5: Experienced Internal Audit Training
189 - Internal Audit 101.5: Experienced Internal Audit Training
- 35 Seats Left
Instructor(s):
Date:
5/28/2024
- 5/29/2024
Time:
9:00 am-12:30 pm
Location:
virtual
Class Size:
100 seats
CPE Hours:
8
CPE Type:
board of accountancy
Course Description:
Seminar Overview
You
have a year plus of experience auditing. You are not ready to fully lead
projects but need more exposure to the key aspects of leading aspects in order
to take that next step. What to do? What to do?
Audit
101.5: Experience Internal Audit Training is designed for you! This
course will take you through enhancing your current basic knowledge and giving
you a taste of the skillset for that next level.
Who Should Attend?
Financial, Operational, and Information Technology Auditors with more than a year of audit experience and are preparing for career advancement
Objectives
- Overview and basics of the internal auditing process
- Learn how to effective manage and audit engagement
- Learn the most effective situational communication techniques
Agenda
I. Engagement Planning and Risk Assessment Process (2 Hours)
a. Preliminary Work
i. Walkthroughs, etc.
ii. Preliminary Risk Assessment (Risk Identification, Control Design, Residual Risk)
iii. Development of Audit Workprogram
iv. Writing an Audit Workprogram
II. Fieldwork (2 Hours)
a. Conducting Fieldwork
b. Documenting Results and Observations
c. Control Best Practices
i. COSO Overview/Updated COSO Framework
ii. Controls Overview
d. Fraud Overview and Fraud Red Flags
i. Overview of Fraud
ii. Fraud Red Flags
III. Internal Audit Wrap-Up (1 Hour)
a. Audit Reporting
b. Effective Exit Conferences
c. Audit Follow-Up Basics
IV. Crucial Communication/The Role of Internal Audit (2.0 Hours)
a. Conflict Management
b. Negotiation
c. Interviewing Leading Practices
V. Managing an Audit Engagement (1 Hour)
a. Project Management Leading Practices
b. Time Management
c. Crisis Management
a. Preliminary Work
i. Walkthroughs, etc.
ii. Preliminary Risk Assessment (Risk Identification, Control Design, Residual Risk)
iii. Development of Audit Workprogram
iv. Writing an Audit Workprogram
II. Fieldwork (2 Hours)
a. Conducting Fieldwork
b. Documenting Results and Observations
c. Control Best Practices
i. COSO Overview/Updated COSO Framework
ii. Controls Overview
d. Fraud Overview and Fraud Red Flags
i. Overview of Fraud
ii. Fraud Red Flags
III. Internal Audit Wrap-Up (1 Hour)
a. Audit Reporting
b. Effective Exit Conferences
c. Audit Follow-Up Basics
IV. Crucial Communication/The Role of Internal Audit (2.0 Hours)
a. Conflict Management
b. Negotiation
c. Interviewing Leading Practices
V. Managing an Audit Engagement (1 Hour)
a. Project Management Leading Practices
b. Time Management
c. Crisis Management
Prerequisites:
none