Auditing for Internal Auditors
Details
COURSE OBJECTIVE
Through lectures, group discussions and facilitator presentations, seminar 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.
Outline
The New Vision of Internal Auditing
• The new definition of internal auditing
• The new understanding of internal control (COSO)
• Sample audit department mission: Central Maine Power
Audit Department Structure and Annual Planning Process
• Best practice principles
• Best practice examples: DuPont, Fannie Mae, Central Maine
• Power, Pacific Telesis
• 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 and Consulting Services
• Business process improvement
• Internal control assessment
• Audit’s role in mergers and acquisitions
• Becoming the organization's consultant of choice
Enterprise Risk Management
• Enterprise Risk Management Integrated Framework
• Examples of ERM Countrywide, Aquila, Texas Comptroller of Public Accounts
• ERM architecture
• Sample risk management policy, risk models, risk maps
• Diagnostic tool for risk management maturity
• Internal audit’s role in ERM Staffing, Work Environment, Marketing, and 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
• 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
• Summary Profile of a Value adding Internal Audit Department
The CPM is a renowned centers of excellence in Consultancy and Training Delivery on Project Management, Management Information Systems, Financial management, organizing learning and experience sharing visits all over the world with a focus of identifying and sharing global best practices on service delivery, management information systems, and project management training. The firms coordinate to bring service delivery science and state-of-the-art practices to policy makers, program implementers, and decision makers. The center offers a comprehensive portfolio of technical training, education services, experience sharing and consultancies designed to meet individual and cooperate needs. We take this opportunity to introduce ourselves and invite you to partner with us in training and experience sharing visits to UAE, India, China or Europe.
CPM is an institution registered with the company's act of Kenya. We have taken to providing professional and specialized consultancy and trainings in Project, Business, Program Management and related disciplines. We are aware of the great need of these skills in Kenya, East Africa, Africa and beyond. Project Management skills are a necessity to all who are participating in small scale or billion dollar projects; from the project managers, project officers, department stuffs, researchers, engineers, contractors and even administrative officers. We are your best source for capacity development and consultancy partnership leading to more successful projects. ...
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