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)
|CPEs Available: 16
|Knowledge Level: Intermediate
|Field of Study: Auditing
Participants should have two years of internal audit experience.
|Delivery Method: On-site Training (Group-Live)
Defining Continuous Auditing
- 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
o Business knowledge development and the tools for success
o The SIPOC advantage
o Knowing the “Rules”
o Identifying key systems
Model Outline — Foundation
1. Target area
2. Testing objectives
3. Frequency determination
4. Testing technique
Model Outline — Approach
- Creating the test procedures
o Criteria and attributes
Model Outline — Execution
- Exception identification
- Results summary
- Reporting options
- Next Steps
- Development of attendee specific CA
o Business specific
o Take home tools
- 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.