When Co-Sourcing Makes Sense in Audit Execution - OAM127WEB

Overview

Internal auditors are being asked to do more with less while operating in an environment of high complexity. They cannot do everything, for everyone, all the time, by themselves, but there are many resources available to help them complete the annual audit plan. This webinar provides useful suggestions to avail yourself of the needed resources and support to respond to risks within the organization’s governance, operations and information systems.

Who Should Attend

Internal and external auditors, financial auditors, audit management, information security, compliance, and risk management professionals.

Prerequisites

• None

What You’ll Learn

You will learn about the growing mandate and how to meet them, how to work more effectively with co-source providers, how to manage the audit process, documentation requirements, and ways of supervising the work of others.

Objectives

1. The Growing Mandate:

• Evolving dynamics and the impact on audit services
• Challenges performing risk-based audits in an ever-changing world
• Managing growing demands

2. Working with Co-source Providers:

• Knowing when outside help is needed
• Setting and managing expectations
• Tips to make co-sourcing more productive

3. The Audit Process:

• Effective planning, fieldwork and reporting
• Supervising the work of others
• Documentation requirements

4. Pursuing a Win-Win Relationship:

• One-time and recurring engagements
• Using strategic thinking to hire the best provider

Why You Should Attend

You should attend because auditors must provide reasonable assurance about the organizations’ key risks and auditable areas yet may need to co-source some engagements because they lack the necessary resources to review them themselves.

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.