How To Ace An Audit - Internal Audit

Mastering the Art of Internal Auditing: Strategies for Excellence and Compliance

What you'll learn

How To Ace An Audit

Audit Resource Allocation

How To Understand Risk And Control

How To Conduct Interviews

Requirements

Very basic experience in how to conduct audit reviews is needed.

Description

This extensive course is designed to equip individuals with practical skills and knowledge necessary for excelling in audits, particularly beneficial for those preparing for IIA examinations. It focuses on key audit skills, including articulate communication, commitment, and client engagement.Major Coverage:Introduction to Auditing: Concepts of excelling in audits, focusing on key skills.Assignment Allocation: Effective resource allocation and quality assurance in auditing.Understanding Risk and Control: Techniques for reviewing and brainstorming on audit risk and control, including pre-audit client meetings and effective interviewing strategies.Audit Scope Determination: Methods for deciding the scope of an audit, including consideration of previous work and regulatory considerations.Risk Identification and Prioritization: Guidelines for recognizing and assessing risks.Terms of Reference (ToR): Developing and understanding ToR in the audit process.Control Evaluation and Types: Evaluation of control environments, including pre and post-testing evaluations.Testing and Result Recording: Procedures for conducting audit tests and documenting results.Audit Reporting: Strategies for drafting and presenting audit reports, ensuring clarity, accuracy, and effectiveness.Post-Audit Review and Feedback Surveys: Approaches for post-audit analysis to improve future audits and the importance of feedback collection.This course offers a blend of theoretical knowledge and practical insights, making it invaluable for aspiring auditors and professionals seeking to enhance their auditing skills.

Overview

Section 1: Overview of How To Ace An Audit

Lecture 1 The Course Content

Lecture 2 A note about IIA Examination (CIA)

Lecture 3 What Is 'ACE' ?

Lecture 4 How To Allocate Resources?

Lecture 5 What Is Risk and Control?

Section 2: How To Conduct Interviews

Lecture 6 Introduction To Interviews

Lecture 7 Scheduling

Lecture 8 Prepreation

Lecture 9 Establishing Objectives

Lecture 10 Opening

Lecture 11 Conducting

Lecture 12 Listening Actively

Lecture 13 Closing

Lecture 14 Recording

Section 3: How To Define Audit Scope

Lecture 15 What To Consider In The Audit Scope?

Lecture 16 Key Risk: Business Organization

Lecture 17 Key Risk: Transaction Processing

Lecture 18 Key Risk: Logical Access

Lecture 19 Key Risk: System Recoverability

Lecture 20 Key Risk: Data Integrity

Lecture 21 Risk Identification and Priortization

Section 4: How To Identify Risks For Terms of Reference

Lecture 22 Risk Identification Gudelines

Lecture 23 Risk and Internal Audit

Lecture 24 How To Identify Risks For Terms of Reference?

Lecture 25 Terms of Reference

Section 5: How To Conduct Audit Tests

Lecture 26 How To Conduct Pre-Testing?

Lecture 27 What Are Control Types?

Lecture 28 Control Classification Attributes

Lecture 29 How To Evaluate Actual Controls?

Lecture 30 How To Identify Actual Controls?

Lecture 31 Logistics For The Testing Stage

Lecture 32 How To Perform Testing And Record Results?

Lecture 33 Post Test Control Evalaution

Lecture 34 Hints and Tips

Section 6: How To Understand Internal Controls

Lecture 35 Why Control Systems Fail?

Lecture 36 Cost Benefits and Controls

Lecture 37 How To Analyze Test Results?

Section 7: How To Communicate Audit Results and Wrap-up

Lecture 38 How To Draft An Actions Plan?

Lecture 39 Audit Reporting

Lecture 40 Exit Meeting

Lecture 41 Post Audit Reviews

Lecture 42 Feedback Survey and Conclusion

Auditors,Head of General Audit,Head of Internal Audit,Head of IT Audit,External Auditors