Creating work programs is a lost art in many of today’s internal audit departments. The importance of creating a focused, risk-based work program is one of the most important talents of an internal auditor. This 8 hour course takes attendees through an overview of the audit process, end to end, and how to create value-added work programs and general tools and techniques for the evolving auditor.

Objectives:

•        Understanding of the overall risk assessment and how to apply these findings to create a workprogram

•        General best practice formatting and contents of an audit work program

•        Differences between a general audit workprogram and providing additional value in the workprogram

Agenda:

I. Introduction and Background

II. The Audit Process – an Overview

III. Preliminary Risk Analysis

a.      Overview

b.     Key Steps

c.      Rating System

d.     Finalization of Risk Analysis

IV. Creating Value-Added Work Programs

a.      Elements of Preliminary Work

b.     Building Audit Objectives

c.      Key qualities of Work Programs

d.     Building an Effective Work Program

V. Effective Work Program Writing

a.      Standards

b.     Tools & Techniques

c.      Key Words

d.     VI. Comprehensive Example