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Beginning Auditor Tools and Techniques

Course Description

Print-friendly Course Description and Outline

​To become a successful auditor, a strong base of knowledge and an understanding of basic audit skills are essential. With this program, new auditors, as well as non-auditors with internal control responsibilities, can learn the ins-and-outs of an audit from beginning to end.

Through team exercises, group discussion, and facilitator presentations, attendees will gain a foundation of knowledge that will allow them to prepare properly for and conduct a successful audit, using preliminary surveys and evidence-gathering techniques. A basic understanding of how to identify risks and internal controls in auditing will also be stressed, along with interpersonal and team-building skills.

Course Duration: 4 day(s)
CPE Hours Available: 32
Knowledge Level: Basic
Field of Study: Auditing
Prerequisites: 

​None

 

Advance Preparation: 

​None

 

Delivery Format: On-site Training (Group-Live); Seminar (Group-Live)

​Internal Audit Today

  • Discuss some of the best practices within internal audit today.
  • Identify core services and value-added opportunities provided by internal audit..
  • Identify the roles of internal auditors.
  • List internal audit’s customers and stakeholders.
  • Determine the activities that occur within each stage of the audit model.

Risk Assessment and Risk Management

  • Mitigate risks to help ensure management directives are carried out.
  • Use impact and likelihood factors to assess risk.
  • Define risk management concepts and terms.
  • Identify controls for mitigating risks to strategic objectives.
  • Evaluate control issues using the COSO Framework.
  • Identify strengths, gaps, and concerns of an internal control environment.

Audit Planning

  • Discuss the audit planning process.
  • Identify IPPF guidance related to the planning phase of an audit.
  • Assess the likelihood and impact of high-level inherent risks.
  • Explain activities involved in planning audit projects.
  • Discuss planning the audit approach.
  • Assess roles in annual audit planning and audit project planning.
  • Assess preliminary scope area.
  • Discuss objectives and best practices for opening conferences.

Interviewing

  • Explain how interviewing is used within an audit.
  • Describe the uses, objectives, and expected outcomes of interviews at each stage in the audit model.
  • Discuss best practices for planning and conducting interviews.
  • Identify best practices and opportunities for improvement in interviewing.
  • Practice preparing for and conducting an interview.
  • Prepare an interview based on a given scope-area objective.

Process Documentation

  • Contrast a basic narrative and a flowchart.
  • Create a narrative or flowchart.
  • Discuss the advantages of some best practices for narratives and flowcharts.
  • Identify inconsistencies in flowcharts and narratives.
  • Describe three types of walkthroughs.

Audit Programs

  • Describe the development and use of audit programs.
  • Classify inherent impacts and likelihoods for various types of risks.
  • Classify controls as preventive or detective, and as automated or manual.
  • Identify control points and possible control gaps on flowcharts.
  • Complete a risk matrix.
  • Determine which controls are key controls, and whether they should be tested during an audit.
  • Assess testing objectives.
  • Discuss tailoring audit programs.
  • Assess roles in the development of audit programs.

Automated Tools

  • Discuss tools that automate the audit process.

Testing

  • Describe methodologies used to gather audit evidence.
  • Define terminology related to sampling and testing.
  • Contrast various types of sampling and testing approaches.
  • Assess the appropriateness of varying sampling and testing approaches for the achievement of specific testing objectives.
  • Describe the components of an audit workpaper.
  • Draft an audit workpaper.

Reporting

  • Write an audit report using the five components.
  • Recognize the components of an audit report.
  • Determining the readers of audit reports.
  • Assess the quality of an audit opinion.

Selling the Results

  • Discuss methodologies for “selling” audit findings to stakeholders.
  • Describe factors that help “sell” audit findings and recommendations.
  • Prepare for selling an audit finding.
  • Identify best practices and opportunities for improvement in exit conferences.
  • Describe activities involved in monitoring an audit.

Teamwork

  • Explain how teamwork is essential to an audit project.
  • Describe the value of various teamwork related factors.
  • Examine how your own capabilities contribute to a team audit project.

​Most courses can be delivered through on-site training. You might be surprised that the organization leading the profession is just as committed to the delivery of affordable training.

Contact us by calling +1-407-937-1388 or send an e-mail to GetTraining@theiia.org.

LocationsDates
Micro Tek Training Facility - New York
New York, NY
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April 22-25,
2014
Micro Tek Training Facility - Tampa, FL
Tampa, FL
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May 6-9,
2014
Micro Tek Dallas
Dallas, TX
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May 20-23,
2014
Micro Tek Training Facility - Chicago
Chicago, IL
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June 10-13,
2014
Wynn Las Vegas
Las Vegas, NV
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June 16-19,
2014
Micro Tek Training Facility - Washington, DC
Washington, D.C.
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July 8-11,
2014
MicroTek Training Facility - Denver, CO
Denver, CO
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July 29-August 1,
2014
Breakers - Palm Beach
Palm Beach, FL
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August 25-28,
2014
Micro Tek Training Facility- San Francisco, CA (New location)
San Francisco, CA
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September 23-26,
2014
Micro Tek Training Facility - Chicago
Chicago, IL
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October 7-10,
2014
Micro Tek Training Facility - Houston, TX
Houston, TX
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November 11-14,
2014
Micro Tek Training Facility- San Francisco, CA (New location)
San Francisco, CA
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November 18-21,
2014
Disney's Contemporary Resort
Oralndo, FL
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December 8-11,
2014
Micro Tek Training Facility - New York
New York, NY
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December 16-19,
2014