New Strategies and Best Practices in Internal Auditing

All auditors have moments when they’re working on a problem, trying to determine the best course of action in a given circumstance and they wonder how their colleagues handle similar situations. In this workshop, audit staff, supervisors and managers have the opportunity to learn exactly that and discover how world-class audit functions are using participative, qualitative, real-time risk assessment and gain an understanding of the most successful audit techniques. Upon completion of this workshop, participants will be able to:

• Understand the most successful audit techniques: Risk-based, Business Process and Self-Assessment
• Transform your audit department, create a desired culture, market your valuable capabilities and measures of results
• Learn how leading audit departments are helping their organizations comply with Sarbanes-Oxley requirements

Content

The New Vision of Internal Auditing

• The New Definition of Internal Auditing
• Audit Department Structure and Mission
• Best Practice Principles

Value-Added Audit Methodologies

• Risk-Based Auditing
• Business Process Auditing
• Trends and Innovations in Audit Reports

Enterprise Risk Management

• Integrated Framework
• ERM Architecture
• Internal Auditing’s Role in ERM
• Sample Risk Management Policy, Risk Models
• Diagnostic Tool for Risk Management Maturity

Staffing, Work Environment, Marketing and Measuring

• Staff and Work Environment – Best Practices
• Audit Department Performance Metrics
• Post-Audit Customer Survey
• Calling for Help when you need it

Control Self-Assessment

• Uses of Self- Assessment
• Principles for Evaluating Soft Controls
• Entity-Wide Self-Assessment Survey
• Self-Assessment for Hard Controls

Reinventing Internal Audit

• Audit Department Customer Analysis
• Developing the Strategic Plan
• Implementing the Plan
• Internal Audit Strategic Plan

For Whom: Audit Staff, Supervisors, Directors, Heads of Departments, Supervisors and Managers who want to be able to add more value to their organizations.