This focused three-day course helps the experienced internal auditor to understand the underlying concepts and principles that drive the practice of internal auditing. The attendees will learn the concepts that are behind audit planning, performance, reporting, and followup. It is ideal for senior auditors, those preparing to be an audit team manager.

"Internal Audit Advanced Training" is the perfect CPE course to provide a focused review of advanced audit techniques. The advanced auditor must have tools in the following areas:

This timely, three-day CPE training seminar is designed for the experienced internal auditor and others who have to lead internal audit projects or compliance efforts and then communicate the results to management and the Board.

Key Issues on the Agenda

Introductions

Section 1. Introduction and Overview

. About Us and About Your Instructor

. Who are You? What are Your Needs?

. Overview of Agenda Tailored to Your Needs

Section 2. Concepts and Definitions

. What is "Internal Auditing"? What are the Objectives?

. What is "Risk"? Can Risk Be Managed?

. What is "Internal Control" and Why Are Controls So Important?

. Guidance from the IIA, COSO and COBIT

. Regulatory Requirements from the SEC, PCAOB and Others

. What is the "Audit Life Cycle"?

Section 3. History Lesson

. Where Did Internal Auditing Start?

. Where is Internal Auditing Today?

. Where is Internal Auditing Going Tomorrow?

Section 4. Roles of the Audit Team

. Audit Committee Responsibilities

. Director of Internal Audit/ CAE

. Audit Manager

. Audit Senior/ Supervisor

. Audit Staff

. Personality Profile

Section 5. Internal and External Auditing

. Responsibilities of Management

. Responsibilities of External Auditors

. What is "Materiality"? "Misstatements"?

. Responsibilities of Internal Auditors

Section 6. "Selling" Internal Audits"

. What is the "Value Proposition?

. Marketing the Internal Audit Function

. SPIN Selling

. Metrics

Section 7. Planning the Internal Audits

. Defining Risk - A Deeper Dive

. Assessing Risk in Your Organization

. Defining Your Auditable Units

. CSAs and ICQs

. Prioritization and Selection

. Mapping Resources to the Audit Plan

. Audit Unit Rotation

. Validating Your Audit Plan

Section 8. Performing the Internal Audits

. Understanding Internal Controls

. Starting the Fieldwork

. Obtaining a Walk-Through

. Defining and Refining the Audit Procedures

. Interviewing Techniques

. Assessing the Segregation of Duties

. Internal Control Testing

. Sampling Techniques

. Using Audit Software

. Documenting Audit Workpapers

Section 9. Producing Quality Workpapers

. Workpaper Key Elements

. Organization Methods

. Documentation Examples

. Workpaper Review Deficiencies

. Audit Software Packages

Section 10. Concluding the Audit

. Components of the Report

. Summarizing for the Executives

. Detailing the Findings

. What is the Root Cause? - Root Cause Analysis (RCA)

. Recommendations and CAPs

. Opinions and Ratings

. Report Optimization and Formats

. Effective Communication of Results

Section 11. Internal Audit Quality Improvement Program

. What is "Audit Quality"?

. Implementing an IA QIP

. IA Quality Metrics - The Good and The Bad

. IA QIP Scorecard

Section 12. Summary and Wrap-Up

. Recap of Internal Audit Advanced Training

. Your Keys to Success!

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

NO REFUNDS/TRANSFERS ALLOWED ON REGISTRATIONS

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

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