Austin
SEMINAR LOCATION/TIMES:
One Highland Center
314 E. Highland Mall Blvd., Suite #403
Austin, Texas 78756
Times: 8:00 am to 5:00 pm (all 3 days)
Risk Based Integrated AuditingTM Seminar
Austin, Texas
March 3 - 5, 2010
Summary: Risk Based Integrated AuditingTM (RBIA) is a business risk-based audit approach strategically designed to enhance the value and productivity of internal audit departments. Public accounting based audit approaches do not create value in the internal audit environment. RBIA is specifically designed to suit the completely different business model that internal audit departments operate under. RBIA contains the value, theory, organization and methodology concepts and tools to position your internal audit department as a leader in applying cost-reducing, value-added teamwork concepts in your company.
RBIA will deliver:
· Dramatically improved value
· Significantly increased productivity
· Improved working relationships with executives
· More challenging and enjoyable audit work
The three day RBIA seminar includes case studies to demonstrate to participants how the RBIA process works with any audit.
What You Will Learn:
ü A practical approach to Enterprise Wide Risk Assessment
ü Quantitatively defining and measuring audit value
ü Selecting audit subjects to significantly increase audit value to key audit customers
ü Dealing with critical audit issues over project or process re-engineering governance
ü Applying fundamental control concepts in business systems and processes
ü Assessing and measuring business risk to identify and eliminate over-control
ü Identifying and appraising management control structures to minimize the time spent testing detailed controls
ü Reducing audit management overheads by organizing in self-directed audit teams
ü Applying fast and inexpensive audit tests to reduce audit cost and increase value
ü Unleashing the creativity of audit staff through team dynamics
Who Should Attend:
ü Audit Managers looking for ways to increase productivity and value
ü Auditors who want to learn to work in teams
ü General Auditors looking for new ideas and to further improve the image of their internal audit department
Prerequisites: None
Duration and CPE Credits: 3 Days / 24 hours
Agenda
Day One:
AM: Provide understanding of a Governance, Management, Performance, and Assurance structure of a business. Cover basics of Governance and executives’ role in risk management.
PM: Review a Management model to facilitate effective risk management. Discuss how to build controls at the Performance level and cut costs at the same time.
(Same as Practical Governance and Risk ManagementTM Executive Overview Seminar)
Day Two:
AM: Understanding value and the business drivers. Why Cost cutting is so important to audit survival. Discuss differences between internal and external audit business models and how to identify the key audit drivers from a business perspective. Review how to identify and measure the specific components of audit value.
PM: Learn RBIA Team Organization Concepts – How to reduce management levels and audit department costs by reorganizing into teams. Discuss the differences between an Audit Executive and Audit Manager. Learn what your role is and how to measure your success on teams. Case Study begins.
Day Three:
AM: Understanding the difference between billable hours methodologies and RBIA’s fast, cost-reducing methodology. Setting up and measuring your success on teams.
PM: Case study continues. Applying Limits of Risk and Management Control Structure components. Learn how to form a hypothesis and RBIA’s stronger audit testing standards. Discuss Team administrative and interpersonal dynamics. Wrap up with questions and answers.
Pricing:
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Per Person
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Before*
2/15/2010
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After *
2/15/2010
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Risk Based Integrated AuditingTM (RBIA) Seminar
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$1095
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$1195
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*Pre-payment is required to receive
discounted pricing
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Contact Focus on Risk Enterprises for discounts available to returning customers
and government employees
