Overview
The course will prepare participants for developing the Internal Audit plan. Participants will assess applicable auditing standards for planning requirements while developing the technical and soft skills required to document and communicate the audit plan to clients and stakeholders. Participants will develop the skills necessary to identify internal, external, and industry risks.
This course will focus on teaching participants how to assess resource requirements, identify potential audit projects, and align audit work to organizational risks. This course will prepare participants to build an audit plan aligned with organizational risks and communicate the plan and subsequent updates to stakeholders.
Learning Options
Below are the available learning options for this course:
AuditPro
Online On-Demand
This course is available through AuditPro — 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 & subscribeEnterprise 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 trainingNASBA Certified CPE
Auditing
Why you should take this course
For users with an introductory knowledge of this topic, and are searching for additional information and its application.
Who should take this course
Internal Audit Managers and Directors, Audit Committee members, and External Auditors.
Prerequisites
- Auditing for In-Charge Auditors
- or equivalent experience
1. What Is The Standard?
• The International Professional Practices Framework (IPPF)
• Government Accountability Office (GAO)
2. Understanding Your Industry
• The External Element: The Industry Standards
• The Internal Element: Organizational Standards
• The Cultural Element: People Standards
3. Know Your Organization
• Know The Sector
• Organizational Politics: The Board of Directors
• Organizational Politics: The Audit Committee
• Organizational Politics: The Subcommittees
4. Identify a Risk Assessment Methodology
• The Why and the How
• Know Your Options
• Qualitative vs. Quantitative Characteristics
• The Rating Scale
• Surveys and Interviews
• Information Gathering
• Design Your Questions
5. Define Your Risk Universe
• Industry Standards and Stakeholder Management
• Classifying and Assigning Ownership
• Finalize Your Risk Universe
6. Assess the Risks
• The Different Types of Meetings
7. Coordinate With Others
• Internal and External Collaboration
8. Assess Your Resources
• Scoping and Planning
• Capacity Planning
• Techniques to Mitigate Gaps
• The Preliminary Plan
• How Can You Get More Coverage?
9. Communicate The Plan
• Who Needs to Know?
• What if They Don’t Agree?
• How Do You Deliver the Plan?
9. Execute and Update
• Monitoring and Reporting
• Reassess and Notify
- The learner will be able to identify and communicate audit planning requirements.
- The learner will be able to identify and document the internal and external operating environment.
- The learner will be able to identify and assess risks.
- The learner will be able to build an audit plan in line with organizational needs and resources.
- The learner will be able to communicate the plan and subsequent status updates to stakeholders.
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.