Fundamentals Of Internal Auditing Agenda
Seminar: ID# 1003292
Agenda
1. Internal Auditing- IA Department Sample Charter
- The Role Of The Internal Audit Department
- The Standards
- Leading-Edge Trends In IA
- What Makes An Effective Internal Audit Department
- Differences Between An Internal Auditor/External Auditor
- Events That Have Helped Create Growth In IA
- The Foreign Corrupt Practices Act (FCPA)
- COSO IC-IF
- Federal Sentencing Guidelines
- Sarbanes-Oxley
- Fraudulent Financial Reporting
- Internal Audit Department Sample Statement Of Purpose
2. Contemporary Internal Auditing- Types Of Internal Audits
- Economy, Efficiency And Effectiveness
- Operational Vs. Financial Auditing
- Overview Of IT General Computer Controls (GCCS)
- Steps In The Internal Audit Process: An Overview
3. Risk Assessment Strategies- Selecting The Client
- Notifying The Client
- Determining Risk
- Performing Standard For Determining Risk
- Effects Of Risk
- Identifying Auditable Activities
- Risk Factors
- Trends In Risk Assessment
- Risk Assessment Approaches
4. Planning And Preliminary Fieldwork- Strategies For Planning The Audit
- Notifying The Client
- The Planning Memo
- Preliminary And Opening Meetings
- The Importance Of Preliminary Work
- Strategies For Planning Effectively
- Planning Resources
5. Documenting Internal Controls- Evaluating And Documenting The System Of Internal Controls
- Performance Standard For Controls
- Control Points
- Cost/Benefit Considerations
- Types Of Controls
- The Control Environment
- Methods Of Documenting Internal Controls
- Internal Control
6. Audit Programs- Performance Standards, Scope And Developing The Audit Program
- The Audit Program As A Guide
- Criteria For Audit Programs
- Audit Objectives/Scope/Test Steps
- Sample Audit Program
7. Fieldwork Techniques- Performance Standards For Fieldwork
- Audit Evidence
- Handling Sensitive Evidence
8. Workpapers- Performance Standards For Recording Information And Engagement Supervision
- Purpose Of Audit Workpapers
- Workpaper Techniques/Templates
- Electronic Workpapers
- Tick Marks
- Quality Assurance And Improvement Program
9. Audit Findings- Fundamentals Of Audit Reports
- Selling Your Report
- Strategies For Issuing Timely Reports
- Characteristics Of Effective Audit Reports
10. Audit Reports- Fundamentals Of Audit Reports
- Selling Your Report
- Strategies For Issuing Timely Reports
- Characteristics Of Effective Audit Reports
11. Effective Audit Communications- Possible Barriers To Overcome In The Interview
- Diffusing The Difficult Interview
- Do’s And Don’ts Of Effective Interviewing
- Strategies For Conducting Effective Closing Meetings
12. Sampling- Sampling And Its Effect On Audit Testing
- Sampling Terminology And Methodologies
- Sampling For SOX