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Being an Audit Leader!

Offered in-person in various cites each month on Monday-Wednesdays in three eight hour CPE events

Are your audit leadership skills working to get the job done?

This in-person event is focused on helping attendees in mastering the skills necessary to efficiently lead audit teams. This course provides new leaders with the tools needed to effectively lead audit teams, while exploring the life cycle of an audit from an audit leader's perspective.

"This course is not just for auditors or new audit leaders, it is for anyone who wants an understanding of the relationship between business objectives, risk, control, assessment and reporting."

 

During this course, you will examine and practice the skills needed to lead by learning how to supervise and develop an audit team, manage change, and effectively manage relationships with not only your team, but also with the CAE, executive management, and the audit committee.

This course is designed for internal auditors with 2-10 years of experience who want to learn the concepts, tools, and techniques to enhance their effectiveness as an audit manager.

We use this delivery approach to allow for a focus on individual development and learning from our very experienced auditor educators.

Each attendee will receive 24 Auditing CPE Hours (YB). A certificate of completion will be provided.

The retail cost of this CPE event is $1,875.00 for each attendee.

Program Level of Understanding: Intermediate to Advanced
Prerequisites: Participants should come with a knowledge of the auditing process.
Advance Preparation: A number of documents will be provided in advance.
Delivery Format: On-site Training (Group-Live); Seminar (Group-Live)
NASBA Field(s) of Study: Auditing
CPE Credits: 24, based on 50 minutes of instruction per hour

CPE Event Highlights

We will cover in this program:

  • What are the Internal Auditor's Responsibilities?

  • Guidance that is available

  • COSO 2013 guidance

  • How do you manage the "Audit Life Cycle"?

  • How to Conduct a financial auditing

  • Auditing for fraud

  • Conducting an operational audit

  • Conducting an IT audit

  • Improving the audit with software

Learning Objectives

Improve the effectiveness of your Audits by:

  • Understanding the roles and responsibilities of the Audit Senior and Manager

  • Examining methods to estimate Internal Audits and calculate Audit costs

  • Identifying the phases of the "Audit Life Cycle" and how to manage them

  • Learning the concepts of Financial, Operational, Fraud, Compliance and IT Audits

  • Conveying the audit findings and audit status more effectively

 

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!