Attend this course to become a more efficient/effective operational auditor. This seminar will assist in your development of necessary audit knowledge, skills and abilities. Many audit departments need auditors that can contribute to the audit team’s success immediately. The real-life examples and exercises will provide you with training on the primary aspects of how to conduct risk-based audits using accepted tools and techniques that align with professional standards. All phases of an audit engagement (e.g. planning, fieldwork, reporting and follow-up) will be included plus a high-level overview of the annual risk assessment/audit planning process. Tips and reference materials will be provided to help you upon your return to your audit department. Also, exercises/case studies will be used to reinforce the session learning concepts.
In this one day seminar, we will discuss the following important issues:
Learning Objectives
You will leave the session able to:
Who Should Attend
Internal Auditors
Prerequisites
Auditors with 1 to 2 years’ experience in order to draw upon their professional audit experience.
Level: Beginner |
Field: Auditing |
CPE Credits: 8 (400 minutes) - 1 Day; 16 (800 minutes) - 2 Day |
Delivery Method: Live - Group |
Course Outline
Key definitions and discuss the importance of Operational Audits
Aspects of a successful operational audit
Why Operational/Performance Auditing is important
Characteristics of an efficient & effective auditor
Applicable audit standards, guidance, frameworks and leading practices
Importance of competent, sufficient, relevant, useful and persuasive audit evidence
The meaning & application of professional judgment with examples provided to support the concept
Samples of the critical thinking process including the definition of key terms
How critical thinking helps improve audit evidence
Review the audit phases:
Provide examples of the development of audit objectives & audit programs
Working paper tools & techniques
Why interviews are important to the audit process
Barriers to a successful interview & provide techniques to overcome barriers
Different types of interviews and how to approach them to increase the opportunity for success
Important steps for a successful interview
Identification & documentation of audit findings, issues & conclusions
Controls testing, sample selection process and performance of testwork
Audit’s role in fraud prevention & detection
Risk-based auditing
Basics of the annual risk assessment/audit planning process
Audit’s role in governance, risk management, control processes, IT audit and consulting
Communication & developing relationships with audit primary stakeholders, customers, clients & business partners
How success is measured for operational audits
Tips, lessons learned and leading practices
A list resources/reference materials for future use
Contact Phil Flora for additional information or a proposal: phil@flobizllc.com