Internal Auditor Basic Training

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  What are Auditing Standards?
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  Understanding Risk Assessment.
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  Understanding the elements of an effective organizational culture.
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  Best Practices in creating an internal audit function.
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  Best Practices in conducting audit fieldwork.
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  Best Practices for testing internal controls and business processes.
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  Audit verbal and written communications defined.
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  Best Practices for testing internal controls.
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  Best Practices in creating internal audit reporting tools.
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  What to include and not include in each audit report.
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  Essential sections of each type of audit report.
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  How to properly document credibility determinations.
• Principles of clear and concise reporting.

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  Understand why the internal audit function exists as a major entity level control.
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  Review the different standards that can be applied to the audit function: IIA, PCAOB, Yellow Book, Green Book, COSO, ISACA, ISO, NIST, etc.
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  How to identify risks at all levels in the Enterprise Risk Model.
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  How to categorize risk and construct an effective internal audit plan that has both strategic and tactical goals.
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  Understand how auditors are not the managers of an organization.
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  Learn the Dr. Kotter's Eight Stage Process to guide the internal audit functions role in creating positive changes in an organization.
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  Understand how an audit is conducted.
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  Understand how to use the S.P.I.N (Situation - Problem - Implication - Need) in interviewing and documenting audit findings.
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  Understand how to create mature business and administrative processes using the elements of a maturity model.
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  How to evaluate and document internal controls.
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  Knowledge of the best techniques for gathering audit evidence.
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  See the importance of preparing quality workpapers.
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  Discuss interpersonal and team-building skills.
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  Understand how to motivate management to create effective "Management Action Plans" concerning audit findings.
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  Review how to create an effective executive summary that calls for executive action concerning audit findings.
• Understand how to create effective communication elements.

Section 1 Introduction and Overview of the Internal Auditing
Section 2 Internal Auditing - Yesterday, Today and Tomorrow
Section 3 Auditor Guidance
Section 4 Roles of the Audit Team
Section 5 Internal vs. External Auditing
Section 6 Planning the Audit and Assessing Risk
Section 7 Detailed Audit Planning
Section 8 Conducting the Audit Fieldwork
Section 9 The Fine Art of the Audit Interview and "Soft" Skills
Section 10 Testing the Controls
Section 11 Internal Controls for Business
Section 12 Workpaper Documentation
Section 13 Using Audit Software
Section 14 Concluding the Audit
Section 15 Summary of the Audit Cycle
Section 16 Operational Auditing
Section 17 EH&S Auditing
Section 18 Auditing the Revenue Process
Section 19 Auditing the Disbursement Process
Section 20 Compliance, Performance and Process Audits
Section 21 Frauditing - Auditing for Fraud
Section 22 Information Technology Auditing
Section 23 Root Cause Analysis
Section 24 Improving Audit Effectiveness
Section 25 Introduction and Overview of Audit Communications
Section 26 Effective Audit Communications
Section 27 Components of the Audit Report
Section 28 The High Level Focus: Executive Summary
Section 29 The Hard Facts: Audit Findings
Section 30 Recommendations and Corrective Actions
Section 31 Audit Opinions and Ratings
Section 32 Audit Report Formatting
Section 33 Optimizing the Audit Report
Section 34 Summary and Wrap-Up

The Internal Auditor Basic Training CPE event offers a comprehensive exploration of the fundamental principles and practices essential for aspiring and practicing internal auditors. It provides attendees with a foundational understanding of internal auditing, encompassing key concepts, methodologies, and best practices crucial for effective audit performance.

Throughout this event, participants can expect to delve into the core components of internal auditing, including risk assessment, control evaluation, and the overall assurance process. The training aims to equip attendees with the requisite knowledge and skills to effectively plan, execute, and report on internal audit engagements, ensuring a robust comprehension of the roles and responsibilities associated with this critical function.

By attending this training, professionals can enhance their proficiency in conducting risk-based internal audits, understanding the significance of compliance frameworks, and leveraging audit findings to drive organizational improvements. The event serves as an invaluable platform for individuals seeking to establish a strong foundation in internal auditing practices and principles.