CERTIFIED  PROFESSIONAL  INTERNAL AUDITORS GUIDE TO STRATEGIC THINKING

CERTIFIED  PROFESSIONAL  INTERNAL AUDITORS GUIDE TO STRATEGIC THINKING

The leadership role of an internal auditor requires the ability to identify and navigate the nuances of professional relationships; recognize the strengths and weaknesses within an organization’s systems and culture, as well as within the internal audit staff; and position the internal audit staff as highly operative trusted advisors.

This course focuses on the various challenges and opportunities internal audit leaders face and shows how audit leaders can make a contribution at a strategic level, clearly adding value and also enhancing productivity in the audit process.

This clear, practical, and interactive course will help participants improve their awareness and skills and help them become better internal audit leader who delivers impactful and insightful internal audit work that can make a strategic difference to their organization.

• This programme is suited for:

  • Top Level Management
  • Mid Level Management
  • Audit & Risk Management Professionals
  • Compliance Professionals
  • Audit Professionals
  • Chief audit executives, deputy heads of audit, internal audit managers and senior internal auditors who deal with business leaders and/or lead or manage members of the internal audit team. This course is equally valuable for both in-house and outsourced internal audit teams

• Demonstrate skills, competencies, and abilities as an internal audit leader to maximize the value-add to your organization
• Maximize your impact as an internal audit leader to ensure your team is resourced effectively and appropriately to deliver the correct level of assurance to their senior stakeholders
• Understand the role of the modern internal audit leader in adopting both assurance and consultancy services to improve organizational performance
• Gain an in-depth understanding of how governance, risk, control, strategy, and ethical approaches in your organization can provide the opportunity to improve your organization’s bottom line
• Develop and improve your ability to apply your learning to addressing practical case study situations to the benefit of your organization’s performance

Module 1

• The process as it is actually performing
• Data-driven and efficient analytical activity
• Automated flow charts; easy to update
• Dynamic updates to see effects of changes, contributing to expected benefits
• quantified and measurable
• “Hot spots” identified to drive audit focus, with emphasis on exceptional, less controlled areas
• Quickly identify where real opportunities are
• Reveal things process owners don’t know
• Discrepancies, outliers, bottlenecks kicked out for action
• Continuous monitoring (and alerting) of process changes
• The big picture process view enables collaboration

Module 2: Effective data management

• Data discovery and data ingestion
• Data preparation, digestion, data quality profiling, and analytics
• Execution analytics/analytics process automation
• Data visualization and reporting, deploy at scale
• Self-service analytics enablement with built-in algorithms and functions
• Native connectors, direct access (pull) or reliance on others to push a
• report or extract
• Establish IA environment (sandbox) for working with large datasets and running continuous/reusable automation
• Build or access other data lakes or existing data warehouse environments

Module 3:  THE NEXT-GENERATION OF INTERNAL AUDITING

• Define a high-level process, considering inputs, activities, and outputs
• Pilot CM (continuous monitoring) program for a particular business area / process
• Link the program to strategic audit objectives
• Identify key stakeholders and obtain executive buy-in for the program
• Adjust CM program after conducting pilot to incorporate feedback from stakeholders, feature upgrades, and lessons learned.
• Identify other business areas that may leverage CM tool ahead of broader deployment
• Monitor performance of CM program post deployment