Audit Fundamentals - (1 Day)
Audit Fundamentals is designed to bring subject matter experts up to speed on the basics on internal auditing. At the conclusion of the course, they will be able to relate how their subject matter expert expertise can be applied in teams to accomplish the internal audit mission.
WHAT YOU WILL LEARN
Ø An overview of, and differences between, the various internal control studies
Ø The differences between the roles of internal and external audit
Ø How audit is part of the corporation's assurance function
Ø Confidentiality and legal issues associated with internal auditing
Ø Basic audit data gathering, testing and documentation skills
Ø Basic evidence and fact determination skills
WHO SHOULD ATTEND
Ø New Auditors
Ø Subject Matter Experts recruited into the audit department from the business
Delivery Method: Group-Live
Prerequisites: None
Advance Preparation: None
CPE Credits: 8 hrs
Duration: 1 Day
Price: $280.00
(Government Rate: $240.00) - Qualified government entities will be billed at government rate.
PROGRAM CONTENT
Ø Internal Audit - Definition & Role
Ø Differences between Internal & External audit
Ø Overview of audit professional organizations (IIA, ISACA, AICPA)
Ø Overview of key control related studies (Treadway, SAC, COSO, COCO)
Ø The IIA 5 Scopes of Work overview
Ø Information gathering skills
Ø Documentation guidelines
Ø Basic control testing techniques
Ø Overview of key audit standards
Ø Internal audit charter
Ø Relationship to audit committee
Ø Definition of internal control
Ø Attorney/client privilege
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