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Managing Audit Quality and Workpapers

Offered during the first and third week of the month on Tuesday-Wednesdays in two four hour CPE events

Is your quality control framework leading to the creation of quality workpapers that support your audit reports?

One of the goals of an internal audit project is to improve an organization's overall ability to function effectively. This goal is accomplished through the identification of control weaknesses, potential process improvements, and positive change opportunities. Audit workpapers facilitate this process by enabling auditors to document work performed from the planning stage to the final closing meeting.

Workpaper objectives include:

  • Document the planning, performance, and review of audit work.

  • Provide the principal support for audit communication such as observations, conclusions, and the final report.

  • Facilitate third-party reviews and re-performance requirements.

  • Provide a basis for evaluating the internal audit activities quality control program.

The cost of this internal audit training seminar is $495.00 for the first attendee from a single organization.

Each attendee will receive 8 CPE Hours (YB). A certificate of completion will be provided.

Program Level of Understanding: Basic
Prerequisites: None
Advance Preparation: None
Delivery Format: Group Internet Based
NASBA Field(s) of Study: Auditing
CPE Credits: 8, based on 50 minutes of instruction per hour

CPE Event Highlights

  • What are Auditing Standards

  • Understanding Risk Assessment

  • Best Practices in conducting audit fieldwork

  • Audit reporting defined

  • Best Practices in creating Internal Audit reports

  • What to include and not include in each audit report

  • Essential sections of each type of audit report

  • How to properly document credibility determinations

  • Principles of clear and concise report writing

 

Learning Objectives

  • Attendees will understand how an audit is conducted

  • Attendees will learn how to identify risks

  • 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 discuss interpersonal and team-building skills

  • Attendees will understand the audit communication process

 

Key Issues on the Agenda