Auditing for In-Charge Auditors - OAG201

1.    Overview

•    Audit Concepts

2.    Control Environment

•    The Changing Control Environment

•    Hard and Soft Controls

•    Changes since Sarbanes Oxley (SOX)

•    Governance, Risk and Compliance (GRC)

•    Key Governance Events and Frameworks

3.    Audit Process

•    Steps in the Audit Process

•    The Important Roles of the In-Charge

•    Workpaper Quality

•    Performance Evaluations of Workpaper Quality

4.    Fieldwork and Program Development

•    Preliminary Fieldwork and Program Development 

•    Operational vs. Financial Auditing

•    Fieldwork Methodology Tools

•    Data Analytics

5.    Risk Assessment Strategies

•    Risk Frameworks and Types of Risks

•    Risk Assessment

•    Internal Audit Role in Enterprise Risk Management (ERM)

6.    Fraud Awareness

•    Fraud Awareness

•    The Fraud Hexagon

•    Impact of SOX in Addressing Fraud

•    Areas of Fraud Occurrence

•    Fraud Red Flags

•    Techniques for Preventing and Detecting Fraud

•    What to Do When You Suspect Fraud

7.    Communication

•    Quality of Communications

•    Key Techniques to Make Meetings More Effective

•    Key Techniques for the Executive Summary and Recommendations

•    Guidelines for Issuing More Timely Reports

•    Closing Conference Strategies

8.    Marketing Internal Audit

•    Marketing the Internal Audit Function

9.    Audit Project Management

•    The Triple Constraints and Three Themes of Project Management

•    The Five Phases of Project Management

•    The Three S’s of Planning

•    The Why and How of Monitoring and Control

•    What To Do When You Fall Behind

•    Types of Audit Teams

•    Key Factors to Success: Audit Project Management

•    Key Factors to Set and Manage Time Estimates

•    Common Workflow Planning Issues

•    Project Management Techniques

10.    Productivity

•    Improving Productivity

•    Key Questions for Higher Productivity During Planning

•    Key Questions for Higher Productivity during Fieldwork

•    Key Questions for Higher Productivity During Reporting

• The learner will define management and leadership of in-charge (supervisor) auditor’s role on an audit team.
• The learner will summarize project management concepts as they relate to internal audit processes.
• The learner will explain how to assess the work performed by the audit team.
• The learner will define risk as it relates to audit programs.
• The learner will define how to measure productivity for audit teams. 
• The learner will define techniques to manage stakeholder relationships.