This course covers best practices in internal audit planning, so the function focuses on the right areas. Throughout the course, best practice will be shared alongside useful tools and techniques to help ensure the plan is demonstrably focusing on the right areas. Also, how to incorporate the organization’s key data into the plan to set the audit strategy of the future.
You should attend because the annual audit plan drives the request for and allocation of internal audit resources, and is a key determinant of the department’s success.
Internal audit managers and directors, audit committee members and external auditors.
You will learn how to develop a business focused, objective-based audit plan that will zero in on business issues of key importance and maximize the value of expended audit resources.
Fundamentals of Internal Auditing
1. Are you using questions of value and value add into the planning process:
2. Who should be engaged and what are the best practice questions that should be asked?
3. Leveraging other sources of intelligence
4. How to balance the multiple sources of information that could inform a plan in a way that can be explained and justified, whilst not simply following the latest fads. For example:
5. Best practice ways of linking the IA plan to key risk areas, whilst delivering core assurance areas:
6. Killer questions and follow up questions to help ensure that you don’t get too many ‘turkeys’ on the plan:
7. Implications and action plans
8. How to address differences between Senior Management and the Audit Committee in relation to what they would like IA to do:
9. How to effectively address the question “Do you have enough resource?” in a way that gets a constructive debate going, without being a too overt plea for resource
10. Clear and simple ways to present IA coverage in terms of:
11. Best practices around longer term planning horizons, the annual plan and ad hoc audit work:
12. Ways to use the planning process as a way of deepening the relationship between the head of audit and senior stakeholders:
13. Application of all of the insights through small group work, to develop a tailored plan of action that will suit your organisation – without turning any improvements into an industry
14. Sharing priority plans
Use the table below to select the time and location that works best for you.
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: www.nasbaregistry.org.