Focus and Features

In today's Internal Audit environment, irregularities and governance failures have had very significant impact on organization of every type and level. Thus, there is a need to assure stakeholders that organization are governed well as well as risks are assessed and managed and controls are working as intended.


However, communication breakdowns are key in most governance and control failure, and communication lines to and from internal auditing often are among those that fail. With this, Internal Audit should know what and how to report to the Audit Committee by delivering clear messages and not just information as well as developing and sustaining credibility and trust thru face-to-face communication.


Learning Objectives


  • Understand and learn how to build credibility and trust of the Audit Committee.
  • Learn what and not to report to the Audit Committee.
  • Learn how to deliver clear messages and not just information to AC.
  • Learn some best practices for visual presentation thru charts, tables, and graphs.

What You Will Learn


The Power of the Person: Face-to-Face with the Audit Committee and its Chair

  • Building Credibility
  • Sustaining Trust


What the Audit Committee Wants and Needs

  • The IIA's International Professional Practices Framework (IPPF)
  • The "Push" and the "Pull"
  • Building the Communication Plan


Reporting on the Audit Plan

  • Objectives for Reporting on Audit Planning
  • Traditional Annual Plans and Updates
  • High-Level "Focus Lists"
  • Reporting on Dynamic Audit Plans
  • Co-Reporting with the External Auditor


Reporting on Internal Audits

  • Types of Approaches in Reporting
  • Typical Report Structure
  • Audit Ratings
  • Multi-Report Summaries
  • Multi-report Conclusions or Opinions


Reporting on Investigations

  • Shared Responsibility
  • How to Separate "Noise" from Significant Issues?
  • What Level of Details of Investigation to Report?


Reporting on Issue Tracking

  • Issue-tracking Practices
  • Issue-tracking Parameters
  • Reset Closure Dates
  • Year-to-Year Issue Tracking


Reporting on Internal Audit Operations

  • Information on Internal Audit's Effectiveness
  • Quality Assurance and Improvement Program
  • Budget
  • Audit Methodology
  • Staffing and Staff Development


Reporting That Educates and Contributes to Organizational Strategy

  • Audit Committee "Education"
  • Contributions to Organizational Strategy
  • Approaches
  • The Disengaged Audit Committee


Primer on Formats

  • Bulleted Lists
  • Best Practices for Tables, Charts, and Graphs

Checklist, Guide Questions, Tips



Who Should Attend?


Anybody who is involved with reporting to the Audit Committee of the Board of Directors. This includes Chief Audit Executives, Audit Directors and Audit Managers who regularly updates and reports significant and value-adding information to the Audit Committee will find the course useful.


Participants will learn interactively through a combination of lecture, live demonstrations, benchmarking and sharing of experiences.


Number of CPE units: 7


CANCELLATION POLICIES

  1. Cancellations received 48 hours before the seminar date and no-show will be charged 50% of the registration fee. Request for refund of the remaining fee must be done through email. Expect at least two weeks of processing time upon verification of refund.
  2. Substitutions are allowed if the membership status of the two participants is the same; otherwise, the difference in the ticket price must be settled.


PAYMENT INSTRUCTION

IIAP's new bank account information under UNIONBANK OF THE PHILIPPINES (UBP)


Note that the submission of Proof of Payment is still mandatory for Official Receipt (OR) issuance.


FOR DIRECT DEPOSITS (CASH OR CHEQUE), ONLINE FUND TRANSFERS, WIRE REMITTANCE


Bank Details

Account Name : Institute of Internal Auditors Philippines, Inc.

Bank Name : UNIONBANK OF THE PHILIPPINES

Branch : Insular Ayala-Paseo Branch

Bank Address : GF Insular Life Building Ayala Avenue corner

Paseo de Roxas Makati City

Swift Code : UBPHPHMM

Account no. : 0030 6000 2627 (Peso Checking Account)

Purpose of Transactions : for Seminar/Events Registration and Membership Fees


IMPORTANT! Mandatory submission of proof of payment

via IIAP Website : https://bit.ly/submitProofofPayment

Email it to training@iia-p.org


Privacy Notice: We collect your personal information to register you in our training/ membership events and photos/videos will be taken for evidentiary purposes in relation to IIAP Seminars. We will use this information to provide services regarding your attendance and if you agree, to send you marketing information.


By giving us your personal information you consent to our use of it for the purposes described in this Privacy Notice.


Location

Ortigas Center
Pasig, Metro Manila, Philippines

See route

Contact us

For additional event or venue information, please email training@iia-p.orgYou can also reach us at +63 79409551

Sponsors and Partners