Audit work programs are comprehensive plans that professional auditors create to evaluate how a company performs and whether they're doing so in a manner that's ethical and efficient. Developing an audit work program can be a daunting process, especially when the audit area is one with which the auditor is unfamiliar, and/or has not been audited previously. This course will take the mystery and pain out of the process by introducing a methodology called “Closing the Loop Framework”. It provides a foundation for how to develop audit steps based on audit scope and the evidence required to achieve audit objectives.

Less experienced auditors will learn how to build the audit program, and experienced auditors will have an opportunity to refresh their skill set and consider the Closing the Loop Framework as a tool for improving audit quality. Participants will have the opportunity to build the components of an audit program in a workshop.

For Whom

This program is designed for those who need to audit any department, process or procedure, financial records, assets, etc. Those that will most directly benefit will be internal auditors responsible for the function, external auditors who co-source the audit function, audit managers, audit committee members, board of directors’ members, and anyone accountable or responsible for this function.

Learning Objectives

At the end of the program, participants will be able to:

• Gain an understanding of the role of the audit work program
• List the steps to take to complete an audit
• Explain the Standards-based Requirements for audit work programs
• Ensure the audit runs in a well-defined manner
• Establishes the scope of the audit
• Identify any problem or challenges the auditor may encounter
• Strengthen their skills in developing audit steps and audit work programs
• Use checklists and internal control questionnaires in auditing
• Ensure both the company and the auditor remain informed and updated on the audit
• Use documents, records and other evidence for the circumstance.