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Beginning Auditor Tools and Techniques

من إلى المدة الوقت الرسوم
Saturday 03/03/2018
السبت 15/06/1439
Tuesday 06/03/2018
الثلاثاء 18/06/1439
4 Days 8:30 A.M - 3:30 P.M 5250 S.R

Beginning Auditor Tools and Techniques

To become a successful auditor, a strong base of knowledge and an understanding of basic audit skills are essential. With this program, new auditors, as well as non-auditors with internal control responsibilities, can learn the ins-and-outs of an audit from beginning to end.

Through team exercises, group discussion, and facilitator presentations, attendees will gain a foundation of knowledge that will allow them to prepare properly for and conduct a successful audit, using preliminary surveys and evidence-gathering techniques. A basic understanding of how to identify risks and internal controls in auditing will also be stressed, along with interpersonal and team-building skills. 

Course Outline: 

Internal Audit Today

  • Discuss some of the best practices within internal audit today.
  • Identify core services and value-added opportunities provided by internal audit.
  • Identify the roles of internal auditors.
  • List internal audit’s customers and stakeholders.
  • Determine the activities that occur within each stage of the audit model.

 

Risk Assessment and Risk Management

  • Mitigate risks to help ensure management directives are carried out.
  • Use impact and likelihood factors to assess risk.
  • Define risk management concepts and terms.
  • Identify controls for mitigating risks to strategic objectives.
  • Evaluate control issues using the COSO Framework.
  • Identify strengths, gaps, and concerns of an internal control environment.

 

Audit Planning

  • Discuss the audit planning process.
  • Identify IPPF guidance related to the planning phase of an audit.
  • Assess the likelihood and impact of high-level inherent risks.
  • Explain activities involved in planning audit projects.
  • Discuss planning the audit approach.
  • Assess roles in annual audit planning and audit project planning.
  • Assess preliminary scope area.
  • Discuss objectives and best practices for opening conferences.

 

Interviewing

  • Explain how interviewing is used within an audit.
  • Describe the uses, objectives, and expected outcomes of interviews at each stage in the audit model.
  • Discuss best practices for planning and conducting interviews.
  • Identify best practices and opportunities for improvement in interviewing.
  • Practice preparing for and conducting an interview.
  • Prepare an interview based on a given scope-area objective.

 

Process Documentation

  • Contrast a basic narrative and a flowchart.
  • Create a narrative or flowchart.
  • Discuss the advantages of some best practices for narratives and flowcharts.
  • Identify inconsistencies in flowcharts and narratives.
  • Describe three types of walkthroughs.

 

Audit Programs

  • Describe the development and use of audit programs.
  • Classify inherent impacts and likelihoods for various types of risks.
  • Classify controls as preventive or detective, and as automated or manual.
  • Identify control points and possible control gaps on flowcharts
  • Complete a risk matrix.
  • Determine which controls are key controls, and whether they should be tested during an audit. • Assess testing objectives.
  • Discuss tailoring audit programs.
  • Assess roles in the development of audit programs.

     

    Automated Tools

  • Discuss tools that automate the audit process.

 

Testing

  • Describe methodologies used to gather audit evidence.
  • Define terminology related to sampling and testing.
  • Contrast various types of sampling and testing approaches.
  • Assess the appropriateness of varying sampling and testing approaches for the achievement of specific testing objectives.
  • Describe the components of an audit workpaper.
  • Draft an audit workpaper.

 

 

 

Reporting

  • Write an audit report using the five components.
  • Recognize the components of an audit report.
  • Determining the readers of audit reports.
  • Assess the quality of an audit opinion.

 

Selling the Results

  • Discuss methodologies for “selling” audit findings to stakeholders.
  • Describe factors that help “sell” audit findings and recommendations.
  • Prepare for selling an audit finding.
  • Identify best practices and opportunities for improvement in exit conferences.
  • Describe activities involved in monitoring an audit.

 

Teamwork

  • Explain how teamwork is essential to an audit project.
  • Describe the value of various teamwork related factors.

Examine how your own capabilities contribute to a team audit project.