ITIL® is the world's leading best practice framework for implementing IT service management. Organizations use ITIL to plan, implement, support, and improve services and create value for their customers. This course covers the foundational knowledge and skills for adopting and adapting best practices for IT service management (ITSM) in your organization. This course includes a voucher to take the ITIL exam. ITIL® is a registered trademark of AXELOS Limited, used under permission of AXELOS Limited. All rights reserved.
When given a project to audit, the task may seem daunting and impossible. Many will not know where to start. Through this course, students will understand the importance of auditing capital projects and will learn tips and tricks to determine the project's risks and risk mitigation techniques. The course will be a general overview and will enable an auditor to develop an audit workflow, prioritize tasks, and understand how all the pieces of the projects fit into one another. Students will be able to have a more intelligent conversation with the project management staff, as some common terms will be defined in the course. Students will also be able to develop effective audit strategies. There are many complexities in understanding the payment process that may affect the findings discovered during the audit. Students will be walked through the chaos to better understand issues and document the correct findings amount. This course will also review some of the most common myths and misconceptions about having a contract and auditing it. Being able to understand contracts and contract risks will be discussed so that students can more effectively understand what the wording means and how a simple word can change the entire intention. Consequently, students will learn what the correct word choice should be and why the contract may not be as strong as they first imagined. Lastly, students will understand what is typically found during an audit and why the audit is important. They can bring this knowledge back to the audit committee or senior management to become a champion that will encourage further audits and to better protect the organization.
This course provides internal auditors with a foundation for approaching an audit of company culture. Learners will be exposed to key drivers and frameworks that can help establish guidelines and parameters around the somewhat nebulous topic of culture. This course will prepare internal auditors for performing an audit of culture by first exposing them to ways in which an organization can be assessed.
We will review how attitudes towards risk, organizational strategies and values, structure, communication styles, and decision-making processes all factor into assessing organizational stances of culture. We will also explore considerations that auditors should be aware of when preparing to perform an audit of culture. Learners will leave this course with a better understanding of how to factor these considerations into their audit work and execute their audit engagement. Finally, this course will illustrate how to best perform an audit of culture and share the audit report with key stakeholders to yield improved outcomes for employees and organizational leaders.
This course will start with an overview of the Enterprise Risk Management process and all the underlying elements of Enterprise Risk Management, including a discussion on risk appetite, governance, and roles & responsibilities. The course will provide more details into the attributes that make an Enterprise Risk Management process effective, such as addressing black swans, using risk-driven metrics, and linking Enterprise Risk Management with the organization’s strategy. Most of the course will involve methods for auditing the Enterprise Risk Management process by assessing the Enterprise Risk Management process according to the COSO framework, comprising five components and twenty principles.
The five components include: 1) Governance & Culture, 2) Strategy & Objective Setting, 3) Performance, and 4) Review & Revision. The objective of the assessment procedures is to determine if the organization’s ERM process exhibits these twenty principles.
There will also be a discussion to address another risk management framework, ISO 31000. A summary of key highlights of ISO 31000 will be covered; we will also compare the commonalities and differences between the ISO risk management framework and the COSO risk management framework.
The course will end with a discussion on Enterprise Risk Management reporting to various stakeholders.
The course will be delivered with practical application of concepts using actual examples, case studies, and exercises.