Advanced Auditing for In-Charge Auditors

24-06-2024 - 28-06-2024 3300 Dubai

 

Course Introduction:

 

In this seminar learn all of the elements involved in traditional and operational auditing from the unique perspective of the in-charge position. Review such concepts as audit program flexibility, risk assessment, priority setting during fieldwork, and effective oral and written communications of audit findings.

 

Course Objectives:

 

In this session you will learn all of the elements involved in traditional and operational auditing from the unique perspective of the in-charge position. With your peers, you will review such concepts as audit program flexibility, risk assessment, priority setting during fieldwork, and effective oral and written communications of audit findings. This course covers preliminary fieldwork, audit program development, COSO, self-assessment, and improving the control environment.

 

Who Should Attend?

 

Financial, operational, IS and External auditors with two or more years of audit experiences; quality assurance personnel; data security specialists.

 

Course Outline:

 

WHAT YOU WILL LEARN

 Managing Fieldwork

  • How to plan a productive audit
  • Ten key issues in fieldwork management
  • Reviewing audit workpapers
  • Evaluating auditors
  • Maximizing your role as interface between the auditee, audit management, and the audit staff

 Audit Concepts: The In-Charge Perspective

  • Differences in planning for operational, financial, and compliance audits
  • Auditing complex systems of internal controls
  • Selling control findings

 The Changing Control Environment

  • COSO components and categories
  • Impact on the in-charge
  • workable approach
  • The role of control self-assessment

 Marketing and Selling the Audit Function 100+Tips

 Risk Assessment Strategies

  • Detailed review of five risk methods for developing audit programs
  • Pivotal role in modern auditing
  • Components of successful risk models
  • Using risk assessment in building the annual audit plan

 Preliminary Fieldwork, Planning, and Audit Program Development

  • How to make the program provide added value
  • Implementing go-no-go strategy
  • Building an audit program when there are no previous programs
  • Developing a flexible audit program
  • Effective uses of the audit program as a management tool
  • Critical role of analytical planning
  • 25 preliminary business issues to address in program development

 

 Fundamentals of Project Management

  • a project defined
  • issues that make project management relevant to internal audit
  • why project management is critical to auditors
  • elements of project management technology
  • components of the project plan
  • scheduling and controlling the work: checklists
  • project scheduling methodologies
  • bar charting and network diagrams

 

 Audit Project Management Concerns

  • project approaches to audit teams
  • key factors to successful audit/project management
  • the audit/project planning process
  • using project management to effectively plan audits
  • time estimate difficulties
  • common workflow planning problems
  • resource management
  • strategies for improving time management

 

 Fraud Awareness

  • anticipating audits with a high potential for fraud occurrences
  • indication of fraud
  • action steps for preventing fraud

 

 Dealing with Clients and Co-Workers

  • client communication
  • co-workers: getting through bad days in the office

 

 Effective Communications

  • getting reports out faster
  • selling audit findings at the closing conference
  • managing meetings
  • current report-writing strategies

 

Case Studies

 

Course Methodology:

 

A variety of methodologies will be used during the course that includes:

·         (30%) Based on Case Studies

·         (30%) Techniques 

·         (30%) Role Play

·         (10%) Concepts

·         Pre-test and Post-test

·         Variety of Learning Methods

·         Lectures

·         Case Studies and Self Questionaires

·         Group Work

·         Discussion

·         Presentation

 

Course Fees:

 

This rate includes participant’s manual, Hand-Outs, buffet lunch, coffee/tea on arrival, morning & afternoon of each day.

 

Course Timings:

 

Daily Course Timings:

    08:00 - 08:20       Morning Coffee / Tea

    08:20 - 10:00       First Session

    10:00 - 10:20       Coffee / Tea / Snacks

    10:20 - 12:20       Second Session

    12:20 - 13:30       Lunch Break & Prayer Break

    13:30 - 15:00       Last Session

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