Print-friendly Course Description and Outline
As auditors, we perform assessments of our IT and business project management processes for controls, effectiveness, and efficiencies. But do we practice what we preach four our audits? We have all experienced audits with a duration well over budget. Where did these audits go off course?
Good project life cycle concepts and project management are major components that ensure the timely execution of a project within scope. Audits are projects, and the same concepts can be used to assure timely completion of audits on budget within scope. Internal audit management and internal audit staff will discover how to improve the audit process by understanding the value of project management techniques as they apply to managing audits and the importance of using critical thinking.
This course focuses on good practices in project management and relates them to the audit process. Using the Closing the Loop Framework, we will define and walk through how to build a strong, well-defined audit planning and execution process.
In this course, we will discuss:
- Project management concepts for managing audits.
- Effective audit reporting techniques.
- Audit performance metrics.
|Course Duration: 1 day(s)
|CPE Hours Available: 7
|Knowledge Level: Intermediate
|Field of Study: Auditing
Two or more years of experience performing audits.
|Delivery Format: On-site Training (Group-Live)
Fundamentals of Project Management
- Project management phases
- Project management good practices
Audits as a Project
- Audit processes as project components
- Audit risk versus project risk
Managing Audit Resources Through Project Management
- Identifying audit resources
- Assessing resource reliability
- Measuring and tracking resource value
Leveraging the Value of Project Management to Audit Success
- Building objectives and deliverables
- Defining phases and checkpoints
- Developing a framework for audit objectives and steps
- Meeting audit standards
- Defining key deliverables
- Aligning audit objectives to controls
- Using the Closing the Loop Framework to enhance audit planning
- Translating client requests into audit objectives and deliverables
- Estimating resources and scheduling
Conducting the Audit
- Managing the resources, budget, and scope
- Managing scope creep and unnecessary procedures
- Approving scope or critical path changes and modifying the schedule
- Status reporting as a management vehicle
Monitoring and Evaluating Audit Performance
- Performance measurement and maturity model concepts
- Balancing audit risk and efficiency
- Applying metrics to audit progress reporting and resource tracking
- Defining quality requirements and building quality management into the audit process
- Implementing quality assurance and control techniques
- Critical components for closure
- Auditee involvement
- Deliverables versus delivered
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.