Fundamentals Of Internal Auditing Agenda

Seminar: ID# 1003292

Agenda

• 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

• 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

• 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

• 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

• 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

• 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

• Performance Standards For Fieldwork
• Audit Evidence
• Handling Sensitive Evidence

• Performance Standards For Recording Information And Engagement Supervision
• Purpose Of Audit Workpapers
• Workpaper Techniques/Templates
• Electronic Workpapers
• Tick Marks
• Quality Assurance And Improvement Program

• Fundamentals Of Audit Reports
• Selling Your Report
• Strategies For Issuing Timely Reports
• Characteristics Of Effective Audit Reports

• Fundamentals Of Audit Reports
• Selling Your Report
• Strategies For Issuing Timely Reports
• Characteristics Of Effective Audit Reports

• 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

• Sampling And Its Effect On Audit Testing
• Sampling Terminology And Methodologies
• Sampling For SOX