- Planning risks assessment and controls mapping
|
- Applying the COSO framework in assessing the adequacy of controls
|
- Identifying what are the risks associated with each process and the risk mitigation activities and controls
|
- Appreciation of integrated audits that considers both manual and automated controls.
|
- Assessing the effectiveness of controls and design of audit programmes
|
- Common control weaknesses and recommended best practices
|
- Identify and share 10 important knowledge, skills, and abilities each auditor needs for success
|
- Discuss and provide examples of independence and objectivity issues and the impact to audits
|
- Understand why auditors must demonstrate high ethical conduct and professionalism to be effective
|
- Review and learn the required standards and strongly recommended guidance
|
- Provide risk management framework examples for application/use in identifying organizational risks
|
- Identify and discuss key certifications held by auditors and how achieving these increase auditor credibility, knowledge and opportunities for promotion
|
- Understand/learn the importance of continuous learning and how your career can be impacted in a positive manner
|
- Discuss how business acumen facilitates auditor effectiveness and methods to develop your business/industry knowledge
|
- Review the importance of competent, sufficient, relevant, useful and persuasive audit evidence
|
- Learn working paper leading practices to promote audit efficiency/effectiveness
|
- Discuss the meaning and application of professional judgment
|
- Identify the types of evidence and discuss methods, techniques and tools to gather information to support audit objectives/results
|
- Provide an overview of how to use critical thinking in audits including root cause analysis
|
- Identify and share auditor tools and techniques
|
- Learn how to perform and practice interviews including the resulting audit follow-up work
|
- Understand the audit planning steps and their importance to an audit’s success
|
- Review the fieldwork steps and focus on the importance of test work
|
- Summarize the audit results and communicate effectively with management
|
- Review the process to develop audit objectives and audit programs that identify the primary risk areas based on the allocation of limited audit hours
|
- Practice key elements of the audit process
|
- Understand what risk-based auditing entails and what steps need to be followed to perform a risk-based audit
|
- Share and analyze productivity approaches and decide which ones work best for you
|
- Provide a high-level overview of the audit’s role in governance, risk management, control processes, fraud prevention/detection, IT audit and consulting
|
- Identify audit’s primary stakeholders and the importance of determining you meet their needs/expectations
|
- Learn to build relationships with audit customers and the positive impact it can have on internal audit and potentially your career
|
- Understand the risk between annual risk assessment and engagement planning
|
- Learn to better communicate with audit customers and audit team members
|