Innovation in Internal Audit: Part 2 - OAG226

Innovation in Internal Audit - Part 2

Innovation in Internal Audit: Part 2 - OAG226
ENROLL IN THIS COURSE

Upcoming Dates & Locations

Onsite - Amsterdam
Jul 15th, 2021 - Jul 16th, 2021
Onsite - Seattle
Aug 19th, 2021 - Aug 20th, 2021
Onsite - Orlando
Dec 9th, 2021 - Dec 10th, 2021
Onsite - Dubai
Dec 15th, 2021 - Dec 16th, 2021

Innovation in Internal Audit: Part 2 - OAG226

CPE:16


Price: $1527.00


Overview

Managers must understand, deploy, and sustain innovation as a key characteristic of their units. This course shows how to embed innovation and agility in your department’s methodology and its administration, key considerations when implementing change initiatives, and techniques to successfully apply the Three Lines Model to provide integrated assurance. It also covers ways to make internal audit a more visible contributor to your organization’s value protection and creation infrastructure.


Who Should Attend

Internal auditors, compliance experts, and leaders in their internal audit departments who want to develop new audit approaches, expand their current skills, re-energize the focus of their audit activities and who want to learn tips, tools and techniques to embed innovation in their internal audit methodology.


Prerequisites

  • Fundamentals of Internal Auditing - OAG101
  • Internal Audit School - OAG301 or Equivalent experience

What You’ll Learn

You will learn how to deploy and sustain innovation in your department, so it becomes a natural aspect of your methodology and a common feature of your interactions with your stakeholders.


Objectives

  • Explore ways to use innovation in the planning, fieldwork and reporting phases of internal audits and consulting engagements
  • Learn how to improve the internal audit methodology
  • Discover ways to be more responsive to our clients’ needs
  • Learn ways to adapt effectively to an ever-changing risk and controls environment
  • Understand management’s actions and how innovation impacts our organizations’ programs, processes, products and services
  • Prepare action plans to build stronger relationships with the board and management by demonstrating resilience, adapting and forward-thinking

Agenda

Change Enablement:

  • Innovative ways to make the transformation from corporate cop to trusted advisors and change agents
  • enabling change and overcoming obstacles to the change process within the organization
  • auditing change initiatives within the organization: what can go wrong and what must go right
  • communicating the importance of auditing change initiatives to management and the audit committee
  • change models and how to use them in internal auditing
  • promoting change with a purpose

Evidence:

  • broadening our scope of work while maintaining independence and objectivity
  • creative ways to use subject matter experts
  • new ways to brand the internal audit function and communicate the value provided to the organization

Management and Leadership in the Internal Audit Department:

  • key actions to remain relevant
  • developing innovative auditors
  • key skills and competencies
  • training and development opportunities to address short- and long-term needs
  • performance monitoring: promoting innovation sustainably
  • the role of internal audit managers and ways to reinforce innovation
  • recruiting, selecting and retaining the right staff: getting the right people for your team and keeping them motivated

Innovation in the Management of the Internal Audit Function:

  • re-examining our methodology to achieve better results
  • tips to work faster, cheaper and better
  • beyond outputs, focusing on outcomes

Achieving a Higher Level of Thinking:

  • promoting creativity, flexibility and resourcefulness
  • avoiding excessive rigidity
  • better analysis and more insightful judgments

The Three Lines of Defense:

  • understanding the purpose of the Three Lines of Defense Model and its potential
  • creative ways to work more effectively with the Second Line of Defense
  • linking the Three Lines of Defense Model to ERM and management actions to achieve better overall governance

Best Practices:

  • review of innovative ideas to improve what we do and how we do it

Why You Should Attend

Many initiatives fade away after a while because the changes were not sustainable. This course focuses on changing mindsets and processes, building an innovative team, branding your department appropriately and institutionalizing creativity.

ACI Learning is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org.

ENROLL IN THIS COURSE