Internal auditing

Topics: Audit, Auditing, Internal control Pages: 14 (1619 words) Published: October 9, 2013
Fundamentals of
Internal Auditing
September 5-7, 2007

A Three-Day Tutorial

Philadelphia, PA

on Internal Auditing

September 19-21, 2007
Las Vegas, NV


October 15-17, 2007
Houston, TX

• Get a well-grounded foundation in the
concepts of traditional and operational

November 5-7, 2007
San Francisco, CA

November 12-14, 2007

• Gain proven tools and techniques for
performing value-added audits in the era
of Sarbanes-Oxley and PCAOB

Boston, MA

December 10-12, 2007
Orlando, FL
Earn C
s An
Audit C

The International Leader
in Audit & Information
Security Training

• Use case studies to learn critical audit tasks:
assessing risk, flowcharting, and solving
business problems
• Focus on writing audit findings and selling
your recommendations
E-Z Access OAG101

Training Audit and Information Security Professionals for Over 29 Years

Fundamentals of
Internal Auditing
A Three-Day Tutorial
on Internal Auditing Basics
Seminar Objective
In this three-day seminar you will learn the
concepts of traditional and operational
auditing and gain proven tools and
techniques for performing effective audits.
You will get a solid background in the
basics of documenting and evaluating
internal control/fieldwork techniques.
Using specifically formulated case exercises,
you will examine the critical elements of
internal auditing: assessing risk, flowcharting, designing flexibility into the audit program, performing the audit, and applying results to solve business problems. You will focus on and put into practice the

communication skills associated with
internal auditing: conferencing with
customers, writing audit findings, and
selling audit recommendations.
Prerequisite: None
Learning Level: Basic
NASBA: Auditing
22 CPEs

Who Should Attend
Financial, Operational,
Information Technology, and
External Auditors with less than
two years of audit experience

1. Internal Auditing
• the role of the internal audit
• leading-edge trends in IA
• what makes an effective
internal audit department
• differences between an internal
auditor and an external auditor

• risk factors
• risk assessment: another way
• risk assessment software
4. Planning and Preliminary
• performance standard for
planning the audit

• events that have propelled
growth in IA

• the planning memo

– the Foreign Corrupt Practices

• understanding patterns
of communication

– Federal Sentencing Guidelines

• possible barriers to overcome in
the interview

– Sarbanes-Oxley

• diffusing the difficult interview

– fraudulent financial reporting

• interview strategies

• internal audit department and
its charter: a sample

• do’s and don’ts of effective

2. Internal Auditing Today
• operational and financial
auditing defined
• IA objectives: economy,
efficiency and effectiveness

• opening conferences

• the importance of preliminary
5. Documenting Internal Controls
• evaluating and documenting
the system of internal controls

E-Z Access OAG101

This course is included in the IA
Certificate Curriculum. For details, go to or call 508-879-7999.

You will receive copies of the Standards for
the Professional Practice, invaluable sample
documents you can use as models for your
own drafts, the COSO overview, and
complete text of the Sarbanes-Oxley Act
of 2002.

• control points

• benefits of operational auditing

• operational vs. financial

• narratives

• steps in the internal audit
process: an overview

• internal control questionnaire

3. Risk Assessment Strategies
• selecting the client
• notifying the client
• determining risk
• performance standard for
determining risk
• effects of risk
• identifying auditable activities...
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