Audit Fundamentals (1-Day)

Audit Fundamentals is designed to bring subject matter experts into the audit department 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
 
·         An overview of, and differences between, the various internal control studies
·         The differences between the roles of internal and external audit
·         How audit is part of the corporation's assurance function
·         Confidentiality and legal issues associated with internal auditing
·         Basic audit data gathering, testing and documentation skills
·         Basic evidence and fact determination skills
 

WHO SHOULD ATTEND
·         New Auditors
·         Subject Matter Experts recruited into the audit department from the business
 
 

Delivery Method: Group-Live
Program Level: Beginner
Prerequisites: None
Advance Preparation: None
CPE Credits: 8 hrs
Duration: 1 Day
Price: $295.00
 
 
 

PROGRAM CONTENT
 
·         Internal Audit - Definition & Role
·         Differences between Internal & External audit
·         Overview of audit professional organizations (IIA, ISACA, AICPA)
·         Overview of key control related studies (Treadway, SAC, COSO, COCO)
·         The IIA 5 Scopes of Work overview
·         Information gathering skills
·         Documentation guidelines
·         Basic control testing techniques
·         Overview of key audit standards
·         Internal audit charter
·         Relationship to audit committee
·         Definition of internal control
·         Attorney/client privilege
 

 
Audit Fundamentals is offered upon request only.  Please contact us at (832)-588-5113 or admin@FocusOnRiskNow.com if you are interested in attending this class.
 

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