PROGRAM'S BACKGROUND

All auditors have moments when they’re working on a problem, trying to determine the best program of action in a given circumstance, and they wonder how their colleagues handle similar situations. In this program, audit staff, supervisors, and managers have the opportunity to learn exactly that. Through lectures, group discussions and facilitator presentations, program participants will discover how world-class audit functions are using participative, qualitative, real-time risk assessment and gain an understanding of the most successful audit techniques. This program will share best practice examples from organizations to help attendees transform their audit departments, create a desired culture, market their valuable capabilities, and measure the results.

PROGRAM'S OBJECTIVES

This Program’s Attendees Will Be More Able To:

›       Discover how world-class audit functions are using participative, qualitative, real-time risk assessment.

›       Understand the most successful audit techniques: risk-based, business process, e-commerce, and self-assessment.

›       Learn how leading audit departments are helping their organizations comply with Sarbanes-Oxley requirements.

›       Examine assurance and consulting services that go beyond audits, including internal auditing's role in enterprise risk management.

›       Transform your audit department, create a desired culture, market your valuable capabilities, and measure the results.

›       Gain best practice examples of value-added assurance and consulting practices

PROGRAM'S ATTENDEES

›       Audit staff

›       Senior Auditors

›       Lead Auditors

›       Supervisors

›       Managers

›       Anyone who want to be able to add more value to their organizations

PROGRAM'S OUTLINE

THE NEW VISION OF INTERNAL AUDITING

›       The new definition of internal auditing

›       The new understanding of internal control (COSO)

›       Sample audit department mission

AUDIT DEPARTMENT STRUCTURE & ANNUAL PLANNING PROCESS

›       Best practice principles

›       How to plan, monitor, and aggregate results to form an entity-wide opinion

VALUE-ADDED AUDIT METHODOLOGIES

›       Best practices principles

›       Risk-based auditing

›       Business process auditing

›       Best practice Web site and database

›       Use of guest auditors

›       Auditing e-commerce applications

›       Trends and innovations in audit reports

CONTROL SELF-ASSESSMENT

›       Why internal auditors must use some form of self-assessment

›       Control self-assessment workshops: two common techniques, case study

›       Self-assessment questionnaire

›       Entity-wide self-assessment survey

›       Uses of self-assessment

›       Five principles for evaluating soft controls

›       How to select the best self-assessment technique for your organization

›       Self-assessment for hard controls

OTHER ASSURANCE & CONSULTING SERVICES

›       Business process improvement

›       Internal control assessment

›       Internal control education

›       Auditing's role in mergers and acquisitions

›       Becoming the organization's consultant of choice

ENTERPRISE RISK MANAGEMENT

›       Enterprise Risk Management?

›       Results of IIA research study

›       Examples of ERM

›       ERM architecture

›       Sample risk management policy, risk models, risk maps

›       Diagnostic tool for risk management maturity

›       Internal auditing's role in ERM

STAFFING, WORK ENVIRONMENT, MARKETING & MEASURING

›       Staffing and work environment - best practice principles

›       Competency model for staffing and career development

›       Career planning form

›       Marketing internal audit

›       Post-audit customer survey

›       Audit Department performance metrics

HOW TO GET THERE FROM HERE: REINVENTING INTERNAL AUDIT

›       Audit department customer analysis

›       Creating a shared vision for the future

›       Developing the strategic plan

›       Implementing the plan

›       Discussion guide for customer input

›       Internal audit strategic plan

ADDITIONAL DETAILS