Event Details
Focus and Features
Internal auditor uses critical-event analysis in pursuing causal event in the observations especially on significant or high residual risks. This course provides concepts and methods of applying critical-event analysis in internal audit engagements.
Objectives:
At the end of the 3-hour session, participants will learn to:
- Learn the concepts and methods of testing controls in business processes.
- Learn how to identify and measure critical-events.
- Learn how to apply practical tools in identifying and analyzing critical-events in internal audit process reviews.
What You Will Learn
- Introduction
- Critical-Event Analysis (CEA) Defined
- Benefits of CEA
- Applications of CEA
- Internal Audit's Advantage in Conducting CEA
- Considerations for Using CEA
- Potential Barriers
- Possible Causal Events
- Helpful Excerpts
- Basic Steps in CEA
- The Audit Model
- Consideration of Internal Controls
- The COSO Internal Control Framework
- The 5C's of Internal Audit Reporting (Elements of Audit Issues)
- 5 Why Analysis
- Fishbone
- SIPOC
Who Should attend
This seminar is ideal for all auditors looking to improve their ability to identify, assess, and respond to critical events that could impact organizational objectives, operations, and compliance.
Number of CPE units: 3
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