Auditing the Manufacturing Process

MIS Training Institute (MISTI)
Training overview
3 days
2,395 USD
Professional course
Next start date: 7/13/2020 - Chicago
Start dates
Chicago
7/13/2020  
2,395 USD
New York
12/14/2020  
2,395 USD
Online
12/14/2020  
2,395 USD

Course description

Auditing the Manufacturing Process

In this intensive three-day seminar, attendees will explore the critical audit areas of the core manufacturing processes, targeting such risk-intensive activities as materials control, labor-hour capture, bills of material, routing, inventory valuation and variance analysis. You will learn how to identify key manufacturing data to help you objectively perform a risk assessment of all phases of the shop floor. You will discover how to identify the key aspects of every audit engagement by focusing on the most critical business factors, which in turn will maximize audit value in all areas of the conversion cycle. The modular seminar materials you receive and the know-how you gain in this high-impact seminar will prepare you to conduct value-added shop floor audits.

Without understanding the daily activities taking place on the shop floor, it is virtually impossible to perform a comprehensive audit. Seminar attendees will enhance their knowledge of the shop floor and learn the language spoken to become part of the conversation.

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Who should attend?

Internal Audit Directors, Managers and Staff; IT Auditors; and External Auditors in manufacturing organizations

Prerequisite: Fundamentals of Internal Auditing (OAG101) or equivalent experience

Training Content


  1. Potential Audit Review Areas in the Conversion Cycle 
  2. Maximizing Audit Returns: Proven Tools and Methodologies 
  3. Auditing Production Planning and Control 
  4. Auditing Materials Management and Control
  5. Auditing Labor and Overhead Application
  6. Auditing Inventory Valuation/Control and Product Costing
  7. Auditing Order Fulfillment, Shipping and Warehousing
  8. Auditing Fixed Assets/Equipment and Technological Change
  9. Auditing Regulatory Issues of Significance
  10. Auditing R&D
  11. Case Study

Certification / Credits

Completion of this course is worth 24 CPE Credits

About MISTI

MIS Training Institute

MIS Training Institute (MISTI)

With offices in London and Boston, MISTI is the global leader in IT audit, audit and information security training. Founded in 1978, MISTI has gained experience through training more than 200,000 delegates across five continents.  MISTI has made it their...


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MIS Training Institute (MISTI)


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Reviews

Average rating 5

Based on 4 reviews

Rachel, P, Esterline Technologies
(5)
AWESOME course. The instructor organized the course well and kept it incredibly engaging and useful. Loved his real-life stories and examples to really drive a few points home.
Maria, , First Quality Enterprises Inc.
(5)
Excellent training that provides sound basis for any auditor in the manufacturing industry to focus on the high risk/ impact/value areas.
Chris, B, CHRISTUS Health
(5)
Good information - delivered extremely well by a very knowledgeable professional - Bravo Greg
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