Corporate Compliance Seminars - Left Menu, General Pages
Internal Auditor 101: Internal Audit Principles and Techniques
Internal audits are an important requirement for effective corporate governance. The internal auditor is at the front line in evaluating management's internal control, assessing the accuracy of financial information, and ensuring compliance with laws and regulations. Learn how to perform these important duties and comply with the professional auditing standards.
"Internal Audit 101" is the perfect CPE course to introduce internal auditing to someone new to the field or to someone who has not had formal training. This course provides an overview of the "audit life cycle", including audit planning and risk assessment, conducting fieldwork, interviews, walkthroughs and tests of controls, and audit reporting and follow-up. CCS provides the latest guidance for a risk-based, top-down audit approach, key audit terminology, audit workpaper documentation, and "selling" the benefits of the audit.
This event presents an overview of the professional standards (IIA, ISACA, AICPA), frameworks (COSO, COBIT), and soft-skill competencies an auditor needs to become competent. This seminar walks the participants through the basics of being an internal auditor. It is ideal for auditors who want to ensure that they follow approved, prescribed audit standards and apply the appropriate audit tools and techniques.
This timely, one-day CPE internal audit training course covers the basics of how to create an effective audit plan, perform the audits, generate workpapers, and effectively communicate the results.
Follow the below links for further detail information:
. Seminar Highlights
. Learning Objectives
. Key Issues on the Agenda
The retail cost of this CPE seminar is $495.00 for the first attendee from a single organization. Discounts are available for more than one attendee from each organization: (2) $940.00 (3) $1,340.00 (4) $1,680.00 (5) $1,980.00.
To reserve your space, click on the "SIGN-UP NOW!" link in the right margin, complete the registration form, and use the corresponding "Submit Registration Form and Move to Payment Options Page" button for filing the registration and moving to the payment page.
Each attendee will receive 8 Auditing CPE Hours (YB). A certificate of completion will be provided.
Virtual Internal Auditor 101 Events
Future In-Person Internal Auditor 101 Events
In response to the Coronavirus Pandemic, we will start providing all our events using a distant learning approach.
In some cities we have local instructors and are providing limited events on a request basis. If you have two or three professionals who would like in person instruction please contact us.
Day - Date
Refer to our Seminar Cities Index for a list of our seminar locations. The individual city
pages provide a listing of topics being presented. Our Seminar Cities by Week provides a
guide to the locations during a calendar week.
top of page
The seminar reviews and answers the following questions:
top of page
- What is internal auditing and what are auditing standards?
- How to approach audit risk assessment and individual audit planning?
- What are the best practices in conducting audit fieldwork?
- What are the key sections in internal audit reports?
- Attendees will discuss interpersonal and team-building skills
top of page
- Attendees will learn how to identify audit risks and plan fieldwork
- Attendees will understand how an audit fieldwork is conducted
- Attendees will learn how to evaluate and document internal controls
- Attendees will discover the best techniques for gathering audit evidence
- Attendees will see the importance of preparing workpapers
- Attendees will understand the audit communication process
Key Issues on the Agenda
top of page
Section 1 - Overview of Internal Auditing
- Myths about auditing
- What is internal auditing?
- What is internal control?
- How can auditors manage risks?
- Accounting vs auditing
Section 2 - Internal Auditing - Yesterday, Today and Tomorrow
- History of internal auditing
- Today's internal auditor
- Tomorrow's challenges
Section 3 - Auditor Guidance
- Auditor's guidance sources
- IIA International Professional Practices Framework (IPPF)
- How to use the "Code of Ethics"
- COSO 2013 guidance
- Sarbanes-Oxley Act
- Guidance for the external auditor
Section 4 - Role of the Audit Team
- Increasing responsibilities
- Auditor skills
- Auditor personality profile
Section 5 - Internal vs. External Auditing
- Financial audits
- Materiality and misstatements
- Financial statement assertions
Section 6 - Planning the Audit and Assessing Audit Risk
- Internal Audit "Life Cycle"
- Internal Audit "Risk Assessment"
- The focus on risk management
- Money In
- Money Out
- Risk - Control - Objective
- Planning the individual audit
- Audit procedures
Section 7 - Conducting Audit Fieldwork
- Recognize the important internal controls
- Conducting an "audit walkthrough"
- "Fieldwork" skills
- Audit interviewing
- Effective questioning technique (S.P.I.N.)
- Active listening skills
- Audit evidence
- Testing internal controls
- Sample size
- Workpaper characteristics
- Workpaper review
Section 8 - Using Audit Software
- Data analysis
- Audit management
- Risk management
- Reporting and content management
Section 9 - Concluding the Audit
- Document the exceptions and findings
- Documents in the audit reporting process
- Audit exit meetings
- Building rapport
Section 10 - Summary
Experts Providing CPE Training Events
Corporate Compliance Seminars (CCS) was created by experts who enjoy providing CPE training events. All our experts have years of experience in providing training courses, workshops and consulting on internal controls, internal auditing, information technology, cybersecurity and accounting related subjects. We have focused on SOX, COSO, PCAOB, COBIT, CMMI, GRC, GAAP, IFRS, AICPA, GAO, NAIC, ISO, and IIA Standards. We are your best source for continuing professional education (CPE).
Our programs, live in-person, webinar and on-demand, provide CPE for professionals with CPA, CGA, CIA, CFE, CISA, CMA and CA designations. CCS is focused on providing the best learning programs in using three distinct distribution channels: live in-person events, virtual webinar events and on-demand self-study elearning.
Corporate Compliance Seminars presents CPE to a range of professionals, auditors, accountants, finance staff, compliance personnel, information technology (IT) professionals, Boards of Directors and Audit Committees. We examine the details of risk management, Sarbanes-Oxley Act compliance, Model Audit Rule (MAR) compliance, auditing, internal controls, cybersecurity and compliance, and fraud prevention and detection.
Within the U.S.A. marketplace, Corporate Compliance Seminars allows the attendee to earn NASBA CPE credit.
Our events focus on the details of the Sarbanes-Oxley Act of 2002 (SOX), Internal Controls over Financial Reporting (ICFR), Committee of Sponsoring Organizations of the Treadway Commission (COSO) Internal Control Frameworks, ISACA's Control Objectives over Information Technology (COBIT), Information Technology Infrastructure Library (ITIL), Open Compliance & Ethics Group's (OCEG) Governance, Risk & Compliance (GRC) methodology, PCAOB's Auditing Standard 5 (AS5), AICPA auditing standards, and NAIC regulatory model regulations and acts .
Our live in-person events are generally presented in a small classroom setting with two to five attendees. Over the last few weeks, we have come to the understand we need to provide distant elearning events. We are now in the process of moving all our content to an online available status. We have created distant elearning opportunities using both a virtual webinar event approach and on-demand elearning self-study modules. These two elearning approaches: webinars and on-demand self-study with extended web access to our content into the global continuing professional development (CPD) marketplace. In the webinar elearning events we will limit the number of students to maximize the interaction between the live instructor and attendees. The on-demand self-study elearning modules will be created and offered to meet the NASBA CPE credit requirements .
Our seminars provide CPE for the CPA, CFE, CIA, CISA, auditors and others with effective and engaging internal audit training courses.
Our instructors have had direct experience in the following industries: financial activities, bank, insurance, healthcare, construction, leisure and hospitality, professional and business services, mining and oil & gas extraction, manufacturing, educational, government agencies, transportation, software, technical, hi-tech and agricultural.
top of page