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Continuous Auditing

Course Description

Print-friendly Course Description and Outline

​Whether or not your audit shop has the latest automated technology, continuous auditing may be an effective option for you. Continuous auditing involves performing control and risk assessments on a frequent basis, if not virtually in real-time. Recently, the need to accelerate audit activities has led to the increased adoption of continuous auditing as a vital monitoring tool. This course walks through the process of continuous auditing from start to finish, and prepares you to create your own customized continuous audit program. Participants will have an opportunity to review a detailed example and practice creating a customized continuous auditing program.

As an added bonus, course participants will receive a complimentary copy of Harnessing the Power of Continuous Auditing (a US $75 value). This publication, which will be used as a resource during the course, is also a valuable desk-reference on everything business professionals need to know in order to conduct and implement a successful continuous audit in their organizations.

Course Duration: 2 day(s)
CPE Hours Available: 16
Knowledge Level: Advanced
Field of Study: Auditing
Prerequisites: 

​None

Advance Preparation: 

​None

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

​Defining Continuous Auditing

  • Definition
  • General background and evolution
  • Key differences between CA and continuous monitoring
  • Dispelling the myth — CA vs. control testing

Conditions for CA

  • Identifying and describing the proper conditions for implementing CA
  • Business knowledge requirements and how to obtain them
  • Do I need technology skills to make this work?

CA Uses and Users

  • Identifying and describing the uses for CA
  • Who, why and how are audit shops currently using CA
  • Large audit shops vs. small audit shops
  • Who benefits most?

Establishing CA – The Prep

  • Creating a plan

o Business knowledge development and the tools for success
o The SIPOC advantage
o Knowing the “Rules”
o Identifying key systems

Model Outline — Foundation

  • Foundational Four-Step

1. Target area
2. Testing objectives
3. Frequency determination
4. Testing technique

Model Outline — Approach

  • Creating the test procedures

o Scope
o Volume
o Sampling
o Criteria and attributes
o Technology

Model Outline — Execution

  • Performance
  • Exception identification
  • Results summary
  • Reporting options
  • Next Steps

CA Customization

  • Development of attendee specific CA

o Business specific
o Take home tools

CA Summary

  • Summarize concepts of development
  • Discuss successes and roadblocks
  • Open forum

​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 - Chicago
Chicago, IL
Details and pricing
June 10-11,
2014
Micro Tek Training Facility- San Francisco, CA (New location)
San Francisco, CA
Details and pricing
September 25-26,
2014
Micro Tek Training Facility - Houston, TX
Houston, TX
Details and pricing
November 13-14,
2014