Advanced Auditing For In-Charge Auditors Agenda

Seminar: ID# 1003290

Agenda

• Managing Fieldwork
  • Definition Of Internal Auditing
  • Why IA Must Add More Value
  • Fieldwork Management: In-Charge's Perspective
  • Fieldwork Methodology Tools
  • Workpaper Review
  • Evaluation Samples
  • Overview Of Professional Standards
• Auditing Concepts: The In-Charge's Perspective
  • Responsibilities Of The IA Department
  • Operational Vs. Financial/Compliance Auditing
  • Essentials Of Operational Auditing
  • The Audit Triangles
  • Questions Every Audit Should Attempt To Answer
• The Changing Control Environment
  • Concentration On Key Controls
  • Examples Of The Changing Control Environment
  • Hard Controls Validation
  • Balance Risks And Controls
  • Examples Of Entity-Level Controls To Audit
  • Corporate Governance Overview
  • Control Environment To Avoid
  • Impact Of Updated COSO
• Marketing And Selling Internal Audit
  • Key Factors In Marketing And Selling The Audit Function
  • Building A Strategy That Includes All Team Members
• Preliminary Fieldwork And Program
  Development
  • Critical Role Of Preliminary Work
  • Planning Throughout Fieldwork
  • Areas To Consider For A More Productive Audit
  • Building The Audit Program
  • Criteria For Audit Programs
  • Varying The Audit Program With The Audit Scope
• Risk Assessment Strategies
  • Concentrating On Significant Risks
  • Risk Assessment Defined
  • Differentiating Enterprise-Wide Risk From Audit Universe Risk And Individual Audit Risk
  • Differentiating Inherent Risk And Residual Risk
  • Criteria For Effective Risk Assessment Strategy
  • Risk Environment
  • Trends In Risk Assessment
  • Four Assets Of All Auditor Departments
  • Gross Risk And Net Risk
  • Risk Matrix - A Tool To Manage Your Audits
  • Audit Level Risk Assessment Factors
  • Do's And Don'ts In ERM
• Applying Project Management To Internal Audit
  • Project Approaches To Audit Teams
  • Key Factors To Successful Audit/Project Management
  • The Audit/Project Planning Process
  • Using Project Management To Effectively Plan Audits
  • Time Estimates
  • Common Workflow Planning Problems
  • Audit/Project Leader's Responsibilities
  • Resource Management
  • Guidelines And Examples Of Good Audit/Project Management
  • Time Management Improvement Issues
• Fraud Awareness
  • Incorporating Fraud Risks Into Audit Planning
  • Fraud Risk Assessment
  • What Constitutes Fraud
  • Antifraud Mantra: Prevention And Timely Detection
  • What To Do When You Suspect Fraud
  • Professional Standard
  • Areas Of Fraud Occurrence
  • Indicators Of Potential Fraud
  • Proven Techniques For Preventing And Detecting Fraud
  • Auditing The Tone At The Top
• Effective Communications
  • Do's And Don'ts Of Effective Meeting Management
  • Trends In Audit Report Formats
  • Executive Summary Options
  • Recommendation Options
  • Guidelines For Issuing More Timely Reports
  • Closing Conference Strategies Currently In Practice
• High-Profile Case Studies - Lessons Learned
  • Madoff
  • Enron
  • Allied Irish Bank
  • Tyco
  • ImClone/Martha Stewart
  • WorldCom
  • HealthSouth
  • Others
• Improving The Productivity Of The Audit Process
• Incorporating Best Practices Throughout The Audit Department