Innovation for Internal Auditors- OAG225

Overview

The amount, speed, and impact of change have accelerated significantly, and all indicators point to more change in the future. Organizations are expected to innovate and become creative in the pursuit of business objectives, the management of risks, and the implementation of appropriate controls that increase the likelihood of success in the short and longer terms. Internal auditors must understand the dynamics driving these changes, how innovation is being used in modern organizations, and how it affects the efforts to provide reasonable assurance to the board of directors, management, and other stakeholders. Internal audit must understand change and innovation and embrace, adopt, thrive with it, and promote it. This course will teach learners where and how innovation can work in their organization’s favor, so value is protected and enhanced while risks are appropriately managed. Internal audit must not only understand change and innovation but must embrace, adopt, and promote it. Part one of this two-part series of courses will explore where and how innovation can work in the planning and execution of audit assignments to enhance and protect value while risks are managed.   

Learning Options

Below are the available learning options for this course:

AuditProTV

Online On-Demand

This course is available through AuditProTV — a subscription-based, on-demand learning platform. As a subscriber, you will have access to an ‘all you can watch’ library of courses that are built in alignment with the National Association of State Boards of Accountancy (NASBA) standards.

Learn More & Subscribe

Enterprise Solutions

Tailored Experience

Bring this course to your organization at your convenience. ACI Learning can deliver this instructor-led course for your team at a chosen location or virtually. Alternatively, choose the topic(s) you need and ACI will craft a training solution to keep your team future-proof.

Customize Your Training

NASBA Certified CPE

24 Credits

Auditing

Why you should take this course

Traditional audit concepts and practices are inadequate to address today’s challenges. Auditors need to be creative identifying and assessing risks, planning and testing in a dynamic world, and helping to improve GRC in their organizations.

Who should take this course

Internal auditors, compliance experts, and leaders in their internal audit departments who want to develop new audit approaches, expand their current skills, re-energize the focus of their audit activities and who want to learn tips, tools and techniques.

What You'll learn

You will learn how to use innovation to increase the value provided by every audit and consulting engagement. The course examines the application of creativity from planning to creative testing approaches to report preparation and delivery.

Prerequisites

  • Fundamentals of Internal Auditing (OAG101)
  • Internal Audit School (OAG301) or equivalent experience

Course Objectives 

  • Explore ways to use innovation in the planning and reporting phases of internal audits. 
  • Learn how to improve the internal audit methodology. 
  • Discover ways to be more responsive to client needs. 
  • Adapt effectively to an ever-changing risk and controls the environment. 
  • Understand management’s actions and how innovation impacts an organization’s programs, processes, products, and services. 
  • Build stronger relationships with the board and management by demonstrating resilience, adaptability, and forward-thinking. 

Course Topics  

  1. Definition of Internal Audit 
  2. The Role of Innovation in Internal Audit 
  3. Improving Agility 
  4. Embracing Innovation 
  5. Risk Assessments 
  6. Innovation and GRC 
  7. Audit Plan Development 
  8. Planning 
  9. Fieldwork 
  10. Reporting 
  11. Follow-Up

Learning Options

Below are the available learning options for this course:

AuditProTV

Online On-Demand

This course is available through AuditProTV — a subscription-based, on-demand learning platform. As a subscriber, you will have access to an ‘all you can watch’ library of courses that are built in alignment with the National Association of State Boards of Accountancy (NASBA) standards.

Learn More & Subscribe

Enterprise Solutions

Tailored Experience

Bring this course to your organization at your convenience. ACI Learning can deliver this instructor-led course for your team at a chosen location or virtually. Alternatively, choose the topic(s) you need and ACI will craft a training solution to keep your team future-proof.

Customize Your Training

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.