Better, Faster, Cheaper: Streamlining your Internal Audit

Audit

Internal Audit

Length: 12h 56m modules icon

Modules: 15 episodes icon

Episodes: 52On DemandIntermediate24 CPE Credits

Course Overview

An effective audit will produce the desired or intended result. It is built on a broad and deep assessment of an area, process, or system. It ‚Äúbegins with the end in mind‚Äù and creates a meaningful plan an auditor or audit team will follow. An efficient audit is one where we work productively with minimum wasted effort or expense. Audit leadership sets in motion themes and expectations based on risk assessment and communication with stakeholders inside and outside internal audit. Effective auditing means having a firm grasp of the scope, budget, resources, personnel, and timeline dedicated to a project. Auditors need to be able to manage unplanned issues while moving forward on audit goals and tasks in progress. An efficient audit requires focus and discipline to stay the course. This course explains and provides examples of who, what, why, and how to structure and manage a more in-depth and meaningful process and produce great results for both the client and auditor.

Who This Course is For

Internal Auditors, Compliance Experts, and leaders in Internal Audit departments.

Why You Should Take This Course

For users with an introductory knowledge of this topic, and are searching for additional information and its application.

Prerequisites

Fundamentals of Internal Auditing

or equivalent experience

Advanced Preparation

None

Here are the learning objectives we’ll cover

Topic 1: Preliminary Planning
Topic 2: Initial Schedule
Topic 3: Opening Stand-Up
Topic 4: Initial Research
Topic 5: Walkthroughs, etc.
Topic 6: Risk Assessment
Topic 7: Risks, Control Objectives, and Control Activities
Topic 8: Iteration
Topic 9: Refining Scope and Performance Measures
Topic 10: Managing Oneself and the Team
Topic 11: Analyzing Audit Quality Requirements
Topic 12: Managing Fieldwork
Topic 13: Written Communication
Topic 14: Closing the Audit
Topic 15: Following-up on Corrective Action

Here are the topics we’ll cover

1. Preliminary Planning
- The Triple Threat of Infrastructure
- Articulate Schedule and Resources
- How Agile Do We Want to Be?
- Drawing the Outlines of the Audit Project

ACI Learning is registered with NASBA

ACI Learning is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: https://www.nasbaregistry.org/

Attendance policy for on-demand, self-paced training

Students enrolled in on-demand, self-paced courses are expected to take an active role in their learning by progressing through the course materials in a timely and consistent manner. Because these courses are self-directed, full completion of all modules, videos, labs, and assessments with a passing score of 70 are required to receive credit and any applicable CPEs. Learners are encouraged to set a regular study schedule to stay on track and maximize comprehension. CPE credits will be awarded based on the total course hours and verified completion of all required activities.