Raising the Bar of Internal Audit Training Week

Description

Part 1: Internal Audit Quality Assurance

This course will help you to:

  • Appreciate the benefits of implementing a cost effective and value adding QA & IP which satisfies IIA requirements
  • Learn how to conduct an internal quality assessment as a benchmark and as preparation for an External Quality Assessment (EQA)
  • Gain the expertise and confidence to commission an EQA and to successfully manage the outcome
  • Review real life evaluations and develop your own road map to conformance


The IIA Professional Practices Framework requires that Chief Audit Executives who wish to state that their department’s activities are conducted in conformance with the IIA’s international standards should develop and maintain a Quality Assurance and Improvement Programme (QA&IP). Specifically, Internal audit functions should have undertaken an External Quality Assessment (EQA) to be able to state that their activities are conducted in conformance with the IIA’s international standards. The standard applies to all internal audit departments,irrespective of size and whether in-house, outsourced or co-sourced.On February 20, 2012 The IIA issued an exposure draft listing some proposed changes to the International Standards. Among the suggested changes is an increasing focus on the QAIP requirements.

This seminar sets out the requirements of the IIA’s QA&IP both external and internal, periodic and routine and practical guidance on the best way to satisfy these requirements in a cost effective and value added manner. The sessions will cover the required topics, encouraging discussion and debate, and will be interspersed with relevant exercises as appropriate. Delegates will be guided through the requirements so that they will have a clear road map on what is needed to conform to the IIA’s QA&IP requirements.

However, the IIA's 2008 Quality Status Survey revealed only 51.0% of the respondents indicated the existence of such a programme in their internal auditing activities. Whilst there was high awareness (91.8% of respondents) of Standard 1312 that requires an EQA at least every five years only 32.2% of the respondents had had an EQA. For those who had not conducted one, 35.8% considered themselves to be within the five-year cycle.

This seminar sets out the requirements of the IIA’s QA&IP both external and internal, periodic and routine and practical guidance on the best way to satisfy these requirements in a cost effective and value added manner. The sessions will cover the following topics, encouraging discussion and debate, and will be interspersed with relevant exercises as appropriate. Delegates will be guided through the requirements so that they will have a clear road map on what is needed to conform to the IIA’s QA&IP requirements.


Part 2: Consultancy Skills for Auditors

During this two day seminar, you will:

  • Understand how to fulfill consultant responsibilities in line with IIA guidance whilst retaining independence and objectivity
  • Assess your own skills set and consulting capabilities and identify where you might specialise
  • Discover how to use core skills in Governance, Risk and Compliance (GRC) to add greater value to your organisation’s business as an agent of change and improvement
  • Learn and practice consultancy tools and techniques to help you plan and execute your work and to present your ideas logically and clearly
  • Refresh and update your communication and interpersonal skills
  • Identify and practice facilitation skills

This two day seminar covers the important skills that will help you to become an effective consultant within your organisation and the exercises that will help you practice and gain confidence using these skills.

Internal Auditors are expected to be able to provide consultancy services as well as assurance services as set out in the Institute of Internal Audit’s definition of Internal Auditing. This provides an ideal opportunity for Internal Audit (IA) to be creative and to demonstrate how it can add value, but it can also provide considerable challenges for IA to demonstrate that it has the staff skills and competencies to provide such value adding services. IA is increasingly staffed with a variety of functional expertise and global IA functions recognise the need for cross-cultural training but there is often still a need to up skill staff in a number of additional areas in order to meet the increasing expectations of IA’s stakeholders.

There are key core skills applicable to both an auditor and a consultant such as being good communicators and having good interpersonal skills. Enhancing skills in these areas and other areas such as enterprise risk management, promoting fraud awareness, the identification of red flags, the design and implementation of continuous assurance, strengthening organisational governance and ethics programme as well as the basic skills of compliance would enable auditors to more effectively add value to their organisations. Identifying where you already have a strong skills base in these areas will help you determine where you might want to specialise or where you might need to strengthen them.

This knowledge, coupled with using some of the tools and techniques commonly used by consultants to ensure that not only is key information analysed correctly and any associated issues identified but that arguments and recommendations are clearly and persuasively presented with the right level of supporting detail all increase your value to your organisation. It’s not enough to be creative, creative ideas need to be shown to be thought through and presented convincingly. Exercises will be used as appropriate throughout the two days to aid familiarisation with the topics.

Further information

MIS Training Institute
Provider:
MIS Training Institute
Duration:
5 Days
Price:
POA
Availability:
Scheduled dates
Course type:
Classroom
Locations:
Amsterdam, Atlanta, GA, Bandar Seri Begawan, Boston, MA, Burlington, MA, Cape Town, Charlotte, NC, Chicago, IL, Dallas, TX, Denver, CO, Dubai, Dublin, Dublin, OH, Hong Kong, Houston, TX, Las Vegas, NV, London, Manila, New York, NY, Oman, Orlando, FL, Philadelphia, PA, San Diego, CA, San Francisco, CA, Seattle, WA, Singapore, Virtual Training Room Only, Washington, DC

Contact Information

MIS Training Institute

153 Cordaville Road
Suite 200
Southborough
01772 USA

Credentials

Locations