Beginning Auditor Tools and Techniques

The Institute of Internal Auditors, Inc.
Training overview
4 days

Course description

IIA- Beginning Auditor Tools and Techniques

Beginning Auditor Tools and Techniques- Gain Basic Skills and a Strong Foundation of Knowledge

This Beginning Auditor Tools and Techniques course offered by The Institute of Internal Auditors (IIA), the leading authority in internal auditing, provides learners​ with the strong base of knowledge and understanding of essential basic skills to become a successful internal auditor. 

This IIA course uses a mixed methods approach to focus on basic auditing topics related to risk assessment and management, planning audit projects, as well as how to properly conduct a successful audit. Learners will also gain valuable interpersonal and team-building skills vital to working as an internal auditor. 

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Who should attend?

This is an introductory course with no prerequisites or advanced preparation required. 

Training Content

The outline for this course is as follows: 

​Internal Audit Today

  • Discuss some of the best practices within internal auditing today.
  • Identify core services and value-added opportunities provided by internal audit..
  • Determine the activities that occur within each stage of the audit model.

Risk Assessment and Risk Management

  • Mitigate risks to help ensure management directives are carried out.
  • Use impact and likelihood factors to assess risk.
  • Identify controls for mitigating risks to strategic objectives.
  • Evaluate control issues using the COSO Framework.
  • Identify strengths, gaps, and concerns of an internal control environment.

Audit Planning

  • Identify IPPF guidance related to the planning phase of an audit.
  • Assess the likelihood and impact of high-level inherent risks.
  • Assess roles and activities in annual audit planning and audit project planning.
  • Discuss objectives and best practices for opening conferences.

Interviewing

  • Describe the uses, objectives, and expected outcomes of interviews at each stage in the audit model.
  • Discuss best practices for planning and conducting interviews.
  • Identify best practices and opportunities for improvement in interviewing.
  • Prepare an interview based on a given scope-area objective.

Process Documentation

  • Contrast and create a basic narrative and a flowchart.
  • Discuss the advantages of some best practices for narratives and flowcharts.
  • Identify inconsistencies in flowcharts and narratives.
  • Describe three types of walkthroughs.

Audit Programs

  • Classify inherent impacts and likelihoods for various types of risks.
  • Classify controls as preventive or detective, and as automated or manual.
  • Identify control points and possible control gaps on flowcharts.
  • Complete a risk matrix.
  • Determine which controls are key controls, and whether they should be tested during an audit.
  • Assess testing objectives.
  • Assess roles in the development of audit programs.

Automated Tools

  • Discuss tools that automate the audit process.

Testing

  • Describe methodologies used to gather audit evidence.
  • Contrast various types of sampling and testing approaches.
  • Assess the appropriateness of varying sampling and testing approaches for the achievement of specific testing objectives. 
  • Draft an audit workpaper.

Reporting

  • Write an audit report using the five components.
  • Recognize the components of an audit report.
  • Determining the readers of audit reports.
  • Assess the quality of an audit opinion.

Selling the Results

  • Discuss methodologies for “selling” audit findings to stakeholders.
  • Describe factors that help “sell” audit findings and recommendations.
  • Identify best practices and opportunities for improvement in exit conferences.

Teamwork

  • Explain how teamwork is essential to an audit project.
  • Examine how your own capabilities contribute to a team audit project.

Costs

In order to ensure that you receive pricing best suited to your situation, please refer to IIA's website as well as to find out more about IIA's on-site training opportunities. 

Certification / Credits

Certified Internal Auditors (CIAs) completing this course are eligible to receive 32 ​Continuing Professional Education (CPE) hours. 

About The Institute of Internal Auditors, Inc.

IIA-Institute of Internal Auditors

The Institute of Internal Auditors- Training from the Auditing Industry's Leading Authority 

The Institute of Internal Auditors (IIA) is the global voice and leading educator for the internal auditing profession, providing innovative internal audit training as well as engaging, facilitated learning opportunities for its members and customers. IIA auditing courses help you add value...


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Contact info

The Institute of Internal Auditors, Inc.


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na.theiia.org


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