Advanced Auditing for In charge Auditors
Select Other "city & date"
Advanced Auditing for In charge Auditors Course
Introduction:
Join us for a comprehensive five-day seminar where you will gain a thorough understanding of traditional and operational auditing from the unique vantage point of the in-charge position. This seminar dives deep into key elements of auditing, focusing on important concepts such as audit program flexibility, risk assessment, priority setting during fieldwork, and effective communication of audit findings both orally and in writing.
Throughout the seminar, you will receive in-depth instruction and practical insights on these critical aspects of auditing. We will explore how to develop audit programs that are adaptable to different scenarios, enabling you to effectively address emerging risks and challenges. You will learn proven techniques for assessing and prioritizing risks to ensure efficient and effective audits.
Moreover, the seminar will equip you with valuable skills in communicating audit findings. You will gain strategies for delivering impactful oral presentations and writing clear and concise audit reports that effectively convey your findings and recommendations.
By the end of this seminar, you will have a comprehensive understanding of the in-charge position in auditing, enabling you to excel in your role and contribute to the success of audit engagements. Join us on this enlightening journey as we equip you with the tools and knowledge necessary to elevate your auditing skills and achieve excellence in your profession.
Course Objectives:
In this five day session, you will learn all of the elements involved in traditional and operational auditing from the unique perspective of the in-charge position. With your peers, you will review such concepts as audit program flexibility, risk assessment, priority setting during fieldwork, and effective oral and written communications of audit findings. This course covers preliminary fieldwork, audit program development, COSO, self-assessment, and improving the control environment.
Who Should Attend?
Financial, operational, IS and external auditors with two or more years of audit experience; quality assurance personnel; data security specialists
Course Outlines:
Managing Fieldwork
- How to plan a productive audit
- Ten key issues in fieldwork management
- Reviewing audit workpapers
- Evaluating auditors
- Maximizing your role as interface between the auditee, audit management, and the audit staff
Audit Concepts: The In-Charge Perspective
- Differences in planning for operational, financial, and compliance audits
- Auditing complex systems of internal controls
- Selling control findings
The Changing Control Environment
- COSO components and categories
- Impact on the in-charge
- workable approach
- The role of control self-assessment
Marketing and Selling the Audit Function 100+Tips
Risk Assessment Strategies
- Detailed review of five risk methods for developing audit programs
- Pivotal role in modern auditing
- Components of successful risk models
- Using risk assessment in building the annual audit plan
Preliminary Fieldwork, Planning, and Audit Program Development
- How to make the program provide added value
- Implementing go-no-go strategy
- Building an audit program when there are no previous programs
- Developing a flexible audit program
- Effective uses of the audit program as a management tool
- Critical role of analytical planning
- 25 preliminary business issues to address in program development
Fundamentals of Project Management
- a project defined
- issues that make project management relevant to internal audit
- why project management is critical to auditors
- elements of project management technology
- components of the project plan
- scheduling and controlling the work: checklists
- project scheduling methodologies
- bar charting and network diagrams
Audit Project Management Concerns
- project approaches to audit teams
- key factors to successful audit/project management
- the audit/project planning process
- using project management to effectively plan audits
- time estimate difficulties
- common workflow planning problems
- resource management
- strategies for improving time management
Fraud Awareness
- anticipating audits with a high potential for fraud occurrences
- indication of fraud
- action steps for preventing fraud
Dealing with Clients and Co-Workers
- client communication
- co-workers: getting through bad days in the office
Effective Communications
- getting reports out faster
- selling audit findings at the closing conference
- managing meetings
- current report-writing strategies
Case Studies