The Audit Leadership School - UK-OAM511

The Audit Leadership School

The Audit Leadership School - UK-OAM511
ENROLL IN THIS COURSE

Upcoming Dates & Locations

Onsite - Dubai
Dec 12th, 2021 - Dec 15th, 2021

The Audit Leadership School - UK-OAM511

CPE:32


Price: $2063.00


Overview

This course focuses on the strategic concerns, technical trends, and other issues important to audit leaders. It covers leadership skills, developing your team, addressing changes in legislation, emerging technologies, and organizational change. Also, ways of adding value, assessing your leadership style, using proven conflict resolution and negotiation techniques, communicating influentially with stakeholders, innovative recruiting practices and understanding lean and agile audit techniques.


Who Should Attend

Managers, Directors, Supervisors, Chief Audit Executives, Heads of Internal Audit and other audit executives who want to learn new approaches to lead an internal audit department and drive positive change within their organizations.


Prerequisites

  • Fundamentals of Internal Auditing

What You’ll Learn

You will learn key techniques to better lead and manage the internal audit function, address current challenges effectively and network with peers from other organizations.


Objectives

The world-class audit function:

  • The evolving role and status of internal audit
  • Keeping pace with emerging requirements and best practice
  • Characteristics of ‘best in class’ audit departments
  • Thinking about Adding Value (part 1
  • The importance of influencing the wider organization

Best practice GRC - Beyond the myths:

  • The theory of effective GRC, ERM etc. - but is it realistic?
  • What are the best organizations actually doing to manage risks and ensure compliance
  • Thinking about an effective risk management culture
  • The role of Internal audit beyond audits in order to improve organizational performance

Leadership in audit:

  • The Chief Audit Executives role and position
  • Prioritizing stakeholders: who counts?
  • Managing stakeholder relationships
  • The effective head of internal audit. How do you match up?

Looking at the different roles of audit leaders:

  • Trusted advisor to senior leadership
  • Advocate for governance and risk
  • Source of assurance to the Audit Committee
  • Leader of the IA function
  • Some of the psychology risk management, audit and decision making
  • Recognizing how different perspectives affect views of audit and vice versa
  • Recognizing some of the dynamics within an audit committee and senior executive team

Considering your leadership style is your style helping or hurting?

  • Models of effective leaders and how you measure up
  • Assessing your preferred leadership style: its benefits and liabilities
  • Strategies for adjusting your leadership style when dealing with the audit committee, executive management, other peers and your audit team members
  • Recognizing the critical conversations and circumstances that lead to conflict by handling crucial conversations effectively
  • Preventing conflicts from occurring
  • The importance of clarity of role in creating a credible and impactful IA function

Communication - benchmarking where you are now and considering good practices:

  • Looking at outputs from the audit function ~ How to improve these to enhance IA credibility and impact
  • Using an attention-getting, reader-friendly layout
  • Techniques such as MECE that help organize and consolidate issues

Key performance indicators that really work:

  • A framework - foundations, coverage, delivery, impact key pitfalls in IA KPIs
  • Emerging best practices

Looking enhancing IAs bench strength and building the right team:

  • Identifying the competencies needed for a risk-based department
  • How to attract and retain change agent-oriented auditors
  • Harnessing the generational differences in the workplace to create high performance audit teams that can handle all types of audits
  • Using “the nine boxes” to develop succession plans and evaluate performance
  • Action learning techniques and their use in Internal audit

How lean techniques worked in the Japanese motor industry can help maximize the value add and effectiveness of IA:

  • Looking at the IA planning process - maximizing stakeholder engagement and the added value in the plan
  • Reviewing audits and identifying blockers to an effective and efficient assignment
  • Scoping / Data and documents / Meetings
  • QA / Reporting / Follow-ups
  • A brief word about the wider assurance position
  • Key pitfalls and tips concerning assurance maps and assurance frameworks
  • Key benefits that can be delivered.
  • Final action planning

Understanding lean audit techniques to supplement your learning to date:

  • Utilize the ‘Lean Kano’ technique in relation to understanding value add from your stakeholder’s perspective
  • Other lean techniques to consider when planning and executing audit work
  • Having a customer value orientation
  • Focusing on key customers and their different nee

Leveraging the work of other assurance providers:

  • The importance of clarity around benefits focus and scope
  • Major pitfalls and quick win strategies

Thinking about your IA metrics and milestones to ensure they support you in future:

  • Conventional metrics and their pitfalls
  • Emerging best practices

Creating a practical and realistic final action plan:

  • Who will benefit?
  • Assessing the scale of the tasks

Allocating tasks to different roles in your team:

  • Recognizing the multiple roles of the Head of Internal Audit
  • Ensuring delegation is effective

Why You Should Attend

You should attend because this course covers strategies, tools, and techniques you need to become a truly effective audit leader.

MIS Training Institute 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