Auditing for In-Charge Auditors

This course focuses on how In-Charge Auditors lead audits. Participants will review audit program development and changes, risk assessments, setting and managing priorities, expectations, delegation, staff performance, and overall productivity, reviewing workpapers, stakeholder management, and incorporating fraud detection techniques into audit programs. The focus is on managing the dynamics of an audit and applying project management principles to increase the effectiveness of the engagement.

Why you should take this course.

For users with an introductory knowledge of this topic, and are searching for additional information and its application.

Here are the topics we'll cover.

1. Overview

   • Audit Concepts

2. Control Environment

   • The Changing Control Environment
   • Hard and Soft Controls
   • Changes since Sarbanes Oxley (SOX)
   • Governance, Risk and Compliance (GRC)
   • Key Governance Events and Frameworks

3. Audit Process

   • Steps in the Audit Process
   • The Important Roles of the In-Charge
   • Workpaper Quality
   • Performance Evaluations of Workpaper Quality

4. Fieldwork and Program Development

   • Preliminary Fieldwork and Program Development
   • Operational vs. Financial Auditing
   • Fieldwork Methodology Tools
   • Data Analytics

5. Risk Assessment Strategies

   • Risk Frameworks and Types of Risks
   • Risk Assessment
   • Internal Audit Role in Enterprise Risk Management (ERM)

6. Fraud Awareness

   • Fraud Awareness
   • The Fraud Hexagon
   • Impact of SOX in Addressing Fraud
   • Areas of Fraud Occurrence
   • Fraud Red Flags
   • Techniques for Preventing and Detecting Fraud
   • What to Do When You Suspect Fraud

7. Communication

   • Quality of Communications
   • Key Techniques to Make Meetings More Effective
   • Key Techniques for the Executive Summary and Recommendations
   • Guidelines for Issuing More Timely Reports
   • Closing Conference Strategies

8. Marketing Internal Audit

   • Marketing the Internal Audit Function

9. Audit Project Management

   • The Triple Constraints and Three Themes of Project Management
   • The Five Phases of Project Management
   • The Three S’s of Planning
   • The Why and How of Monitoring and Control
   • What To Do When You Fall Behind
   • Types of Audit Teams
   • Key Factors to Success: Audit Project Management
   • Key Factors to Set and Manage Time Estimates
   • Common Workflow Planning Issues
   • Project Management Techniques

10. Productivity

    • Improving Productivity
    • Key Questions for Higher Productivity During Planning
    • Key Questions for Higher Productivity during Fieldwork
    • Key Questions for Higher Productivity During Reporting