Internal Audit 101: Introduction to Internal Auditing Training Course (CCS

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Woodland Hills - Los Angeles CA, Regus - Woodland Hills - Trillium Towers Center

6320 Canoga Avenue

15th Floor

Woodland Hills, CA 91367

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Event description
Internal Audit 101: Introduction to Internal Auditing Training Course

About this Event

Internal audits are an important requirement for effective corporate governance. The internal auditor is at the front line in evaluating management's internal control, assessing the accuracy of financial information, and ensuring compliance with laws and regulations. Learn how to perform these important duties and comply with the professional auditing standards.

"Internal Audit 101" is the perfect CPE course to introduce internal auditing to someone new to the field or to someone who has not had formal training. This course provides an overview of the "audit life cycle", including audit planning and risk assessment, conducting fieldwork, interviews, walkthroughs and tests of controls, and audit reporting and follow-up. We provide the latest guidance for a risk-based, top-down audit approach, key audit terminology, audit workpaper documentation, and "selling" the benefits of the audit.

Designed for internal auditors who are new or have limited experience in the audit profession, this seminar will walk the participants through the basics of being an internal auditor. It is ideal for auditors who want to ensure that they follow approved, prescribed audit standards and apply the appropriate audit tools and techniques.

This timely, one-day CPE training seminar is designed for the new internal auditor and others who have to create an effective audit plan, perform the audits, generate workpapers, and effectively communicate the results.

Seminar Highlights

The seminar reviews and answers the following questions:

- What is internal auditing and what are auditing standards?

- How to approach audit risk assessment and individual audit planning?

- What are the best practices in conducting audit fieldwork?

- What are the key sections in internal audit reports?

Learning Objectives

- Attendees will discuss interpersonal and team-building skills

- Attendees will learn how to identify audit risks and plan fieldwork

- Attendees will understand how an audit fieldwork is conducted

- 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 understand the audit communication process

Key Issues on the Agenda


Section 1 - Overview of Internal Auditing

- Myths about auditing

- What is internal auditing?

- What is internal control?

- How can auditors manage risks?

- Accounting vs auditing

Section 2 - Internal Auditing - Yesterday, Today and Tomorrow

- History of internal auditing

- Today's internal auditor

- Tomorrow's challenges

Section 3 - Auditor Guidance

- Auditor's guidance sources

- IIA International Professional Practices Framework (IPPF)

- How to use the "Code of Ethics"

- COSO 2013 guidance

- Sarbanes-Oxley Act

- Guidance for the external auditor

Section 4 - Role of the Audit Team

- Increasing responsibilities

- Auditor skills

- Auditor personality profile

Section 5 - Internal vs. External Auditing

- Responsibilities

- Financial audits

- Materiality and misstatements

- Financial statement assertions

Section 6 - Planning the Audit and Assessing Audit Risk

- Internal Audit "Life Cycle"

- Internal Audit "Risk Assessment"

- The focus on risk management

- Money In

- Money Out

- Risk - Control - Objective

- Planning the individual audit

- Audit procedures

Section 7 - Conducting Audit Fieldwork

- Recognize the important internal controls

- Conducting an "audit walkthrough"

- "Fieldwork" skills

- Audit interviewing

- Effective questioning technique (S.P.I.N.)

- Active listening skills

- Audit evidence

- Testing internal controls

- Sample size

- Examples

- Workpaper characteristics

- Workpaper review

Section 8 - Using Audit Software

- Data analysis

- Audit management

- Flowcharting

- Risk management

- Reporting and content management

Section 9 - Concluding the Audit

- Document the exceptions and findings

- Documents in the audit reporting process

- Audit exit meetings

- Building rapport

Section 10 - Summary

Corporate Compliance Seminars has been created by experts who enjoy providing CPE classroom training, workshops and consulting on internal controls, internal auditing and accounting related subjects. We have focused on SOX, COSO, PCAOB, COBIT, GRC, IFRS, AICPA, GAO and IIA Standards.

Our programs are CPE for professionals with CPA, CGA, CIA, CFE, CISA, CMA and CA designations.

Corporate Compliance Seminars presents CPE to auditors, compliance and IT professionals, Boards of Directors and Audit Committees. We examine the details of risk management, Sarbanes-Oxley Act compliance, Model Audit Rule compliance, auditing, internal controls, IT security and compliance, and fraud prevention and detection.

Corporate Compliance Seminars allows the attendee to earn Official NASBA CPE credit.

Our seminars focus on the details of the Sarbanes-Oxley Act of 2002 (SOX), Internal Controls over Financial Reporting (ICFR), Committee of Sponsoring Organizations of the Treadway Commission (COSO) Internal Control Frameworks, ISACA's Control Objectives over Information Technology (COBIT), Information Technology Infrastructure Library (ITIL), Open Compliance & Ethics Group's (OCEG) Governance, Risk & Compliance (GRC) methodology, PCAOB's Auditing Standard 5 (AS5), AICPA auditing standards and the future conversion from GAAP to the International Financial Reporting Standards (IFRS).

Our seminars provide CPE for the CPA, CFE, CIA, CISA, auditors and others with effective and engaging training.

"Please contact the event manager Marilyn (marilyn.b.turner(at)nyeventslist.com ) below for:

- Multiple participant discounts

- Price quotations or visa invitation letters

- Payment by alternate channels (PayPal, check, Western Union, wire transfers etc)

- Event sponsorships


Prices may go up any time. Service fees included in pricing.


This event is brought to you by:

Corporate Compliance Seminars - NewYorkEventsList






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Woodland Hills - Los Angeles CA, Regus - Woodland Hills - Trillium Towers Center

6320 Canoga Avenue

15th Floor

Woodland Hills, CA 91367

View Map

Refund Policy

No Refunds

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