In this three-day session you will learn all of the elements involved in leading risk-based audits from the unique perspective of the in-charge position. Through discussion and exercises, participants will review such concepts as audit program development and changes, performing risk assessments, setting priorities while assigning tasks, managing staff performance during fieldwork, and reviewing workpapers. Since internal auditors are expected to have sufficient knowledge to evaluate the risk of fraud, this course also provides participants with an overview to: enhance fraud awareness, improve fraud risk-assessment capabilities and identify high-risk areas and the indicators of fraud. This course will also equip participants with the techniques to communicate effectively with team members and clients, including ways to get client buy-in through the effective preparation, documentation and communication of issues and recommendations.
The course provides a solid foundation on how to leverage fundamental internal audit concepts, practices, trends, and focus areas to achieve quality audits. It also provides strategies on how to market and sell internal audit effectively to the client. Audit clients expect the work done to meet high quality standards, so this class examines ways to measure performance, increase efficiency and improve effectiveness. As the liaison between the audit team and the client, the in-charge auditor has a large responsibility that requires effective planning and flawless execution of the audit plan using project management techniques appropriately.
Team leaders face many challenges from the time the audit program is developed and the budget is set until the final report is issued. Failing to plan, anticipate or correct any of the management, technical or communication aspects of their role could lead to a failed project that reflects negatively on the auditor-in-charge or the entire department. This class provides the necessary skills and techniques to help you avoid such negative outcomes.