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Tools & Techniques II: Lead Auditor

Course Description

Print-friendly Course Description and Outline

​Learn the skills necessary to lead an audit team with confidence. This course provides an overview of the life cycle of an audit from a lead internal auditor’s perspective while examining the internal control environment and audit governance.

This course is designed for internal auditors with 3-6 years’ experience who want to learn the concepts, tools, and techniques to enhance their effectiveness and grow as a lead auditor.

Course Objectives

  • Identify the core elements of the International Professional Practices Framework (IPPF) as they relate to the lead auditor role.
  • Describe the components of the audit model.
  • Identify the components of the COSO Internal Control Framework as they relate to the lead auditor role.
  • Compare the roles and responsibilities of audit management, lead auditor, auditee, and auditee management.
  • Identify the roles and responsibilities of team members involved in QAIP.
  • Identify key concepts necessary to becoming an effective leader.
  • Identify key concepts necessary to leading and mentoring staff.
  • Identify the components of the audit planning and opening conference.
  • Identify best practices for conducting an audit risk assessment, walkthrough, and audit program development.
  • Identify the components required for auditing fieldwork and testing.
  • Identify best practices for audit observations and findings and recommendations.
  • Identify the components of effective audit reporting and the exit conference.
  • Demonstrate the steps necessary to wrap up the audit after the report is issued.
  • Identify the key metrics and performance indicators necessary to measuring internal audit productivity.
  • Recognize the formal quality assurance standards that the internal audit function is required to follow.
Course Duration: 4 day(s)
CPEs Available: 32
Knowledge Level: Intermediate
Field of Study: Auditing
​Participants should come with a basic knowledge of the auditing process.
Advance Preparation: 
​Participants will complete an interactive self-study element as part of this course, which will be completed online prior to attending the facilitated session.
Delivery Method: On-site Training (Group-Live); Seminar (Group-Live)

​The International Professional Practices Framework (IPPF)

  • Overview of the IPPF
  • Overview of the audit model

Understanding the Control Environment

  • COSO Internal Control Framework
  • SOX overview
  • Enterprise risk management (ERM)
  • Risk management frameworks
  • Risk and control terminology
  • Internal audit risk assessment and audit plan development

Audit Governance

  • IIA guidance on governance
  • The board, audit committee, and CAE
  • Executive management and management-level committees
  • Internal audit, external audit, other assurance providers, and regulators

Roles and Responsibilities

  • Roles of internal auditors
  • Internal audit customers and stakeholders
  • Audit team roles
  • Definition of integrated auditing
  • Mission statement, vision statement, and audit charter
  • Sample internal audit organizational charts, job descriptions, audit charters, etc.
  • Audit management, lead auditor, auditee, and auditee management responsibilities


  • Becoming a leader
  • Characteristics of an effective leader
  • Leadership styles
  • Challenges of a leadership role
  • What type of leader are you?
  • Leadership identification tools

Leading and Mentoring Staff

  • Motivation
  • Outcomes of human interaction
  • Manipulating versus motivating
  • Managing conflict
  • Changing behaviors
  • Performance reviews
  • Preparing to be a mentor

Audit Planning & Opening Conference

  • Preliminary client survey
  • Lead auditor’s role in audit planning
  • Communicating and conducting an interview
  • Defining audit scope and objectives, hours, resources, and key activities
  • Preparing and submitting an audit planning memo to the client
  • Reviewing existing internal control documentation, assurance work, policies, and procedures applicable to the function
  • Reviewing and creating process flow documentation
  • Best practices for narratives and flowcharts
  • Conducting an effective audit opening conference

Audit Risk Assessment, Internal Controls, and Walkthrough

  • Performing a risk assessment
  • Risk assessment concepts and terms
  • Application of risk assessment concepts and terms
  • Internal control overview
  • Control concepts and terms
  • Evaluation of control adequacy
  • Test of effectiveness – Performing a walkthrough of internal controls
  • Documenting the walkthrough

Audit Program Development

  • Preparing a value-added audit program
  • Tailoring audit programs
  • Your role in developing audit programs
  • Identifying standard test procedures applicable to the function

Audit Fieldwork & Testing

  • Audit evidence
  • Standards for audit evidence
  • Types of audit evidence
  • Evaluating audit evidence
  • Data analysis in fieldwork
  • Sampling and testing terms
  • Sampling and testing approaches
  • Documentation of results
  • Reviewing testing workpapers

Audit Findings & Recommendations

  • Preparing point sheets to document audit observations
  • Communicating observations and components of audit reporting
  • Audit reporting components
  • Approaches to audit write-ups
  • Developing recommendations
  • Guidelines for rating audit observations and findings
  • Presenting audit findings and recommendations

Audit Reporting & Exit Conference

  • Preparing an audit report
  • Report-reader assessment
  • Developing the audit report
  • 10 Things Not to Say in an Internal Audit Report
  • Guidelines for overall audit ratings
  • Conducting an effective audit exit conference
  • Best practices for exit conferences

Audit Wrap-Up & Workpaper Review

  • Typical wrap-up activities to completion of the audit

Audit Findings: Follow-Up, Validation, and Resolution

  • Follow-up on remediation activity
  • Monitoring after the audit
  • Elements of the monitoring plan

Quality Assurance & Improvement Program (QAIP)

  • Quality assurance
  • QAIP framework
  • Applicable guidance and sample QAIPs

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