Audit2020: Evolving the Internal Audit Process

Training overview
Corporate / Group Training
8 hours
Start dates
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Course description

Audit2020: Evolving the Internal Audit Process

The internal audit profession is very similar to other professions; very resistant to change. When one of our profession’s main goals is to promote efficiency and effectiveness, we have to be more adept at adjusting and being open-minded to change. Audit2020 is a day-long course that takes an in-depth look at the accepted practices inherent in internal audit and critically analyzes each piece, identifying ways to enhance the current view and process of internal auditing.


  • Criteria to identify key/significant controls
  • Identify the most efficient controls to test
  • Understand the differences between control design and effectiveness testing
  • Learn about ways to test controls the most efficiently and effectively
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COVID-19 Update

In light of COVID-19, this provider is now delivering some or all of their courses online. Contact them for more information!

Who should attend?

Financial, Operational, and Information Technology Auditors with less than five years of audit experience ((NASBA Field of Study: Auditing).

Training content


  1. Annual Risk Assessment
    1. What is a Continuous Risk Assessment?
    2. Assessment modes
    3. Assessing Emerging Risk
  2. Foundational Pieces of Successful Internal Audit Departments
  3. Audit Cycle
    1. Audit Planning 
      1. % of Audit Cycle - New versus Recurring Audits
      2. Components of Audit Planning
      3. Kick-Off Meeting – Who/What/Why and for How Long?
      4. Formality of Engagement Risk Assessment
      5. Risk Categories
      6. Utilizing a True Top-Down Risk-Based Approach
      7. What should I test and why?
      8. Building an Effective and Efficient Audit Workprogram
    2.  Fieldwork
      1. % of Audit Cycle – New versus Recurring Audits
      2. Timing & Contents of PBC List
      3. Sampling Methodology
      4. What support to keep and why?
      5. Presenting Observations to Clients
    3. Reporting/Wrap-Up
      1. % of Audit Cycle – New versus Recurring Audits
      2. Do We Even Need a Formal Report?
      3. Timing of Audit Report
      4. Audit Reports – Emerging Formats
      5. What Words NOT to Use & What to Replace them With 
    4. Follow-Up
      1. Correlation between Finding Type and Follow-Up Method necessary
      2. Timing of Follow-Up
      3. Transparency & Continuous Communication


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Why choose GoldSRD?

5 specialized trainers

Taught 10,000 attendees each of the past three years

11th Year in Business; double figure growth every year for the past six years

About GoldSRD

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GoldSRD is a leading provider of high-quality, interactive professional development. We have over 200 full-day courses on technical capabilities (Internal Audit, Accounting, Finance, IT Audit and Microsoft-Office specific courses) and People-Centric (“soft”) skills. Our Founder, Danny M. Goldberg, is a...

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Danny M Goldberg discussing the importance of coaching and mentoring, specifically during times of WFH.


Contact info


2641 Pine Springs Drive
75093 Dallas Texas

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