Most organizations are compelled to adapt quickly to new ways of doing things and Internal Auditors are making a leap to conduct audit remotely due to travel restrictions and social distancing caused by COVID-19 pandemic.
To become an effective internal auditor, a strong base-knowledge and an understanding of basic internal auditing skills are essential coupled with a good foundation of information and communication technology (ICT) used in remote auditing.
With this program, new auditors, as well as non-auditors with internal control responsibilities, can learn the ins and outs of an audit from beginning to end and developed skills in conducting remote audit.
Through team exercises, group discussions, case studies, and lectures, attendees will gain a foundation of knowledge that will allow them to properly prepare for and conduct a successful audit. A basic understanding of the roles of risks and internal controls in auditing will also be stressed, along with interpersonal and team-building skills.
What You Will Learn
Risk Assessment and Risk Management
Risk Assessment Concepts and Terms and its application
COSO ERM Framework
Identify, measure and assess the likelihood and impact of risks
Risk and control mapping
Introduction to Remote Auditing Concept
Remote Auditing Concepts and Terms and its application
Remote Audit Readiness
Risks and Opportunities in using Information and Communication Technology (ICT) for Remote Audit
Identify the components of interviews.
Types of Interviews
Stages of Interviews
Tools used in Interviewing remotely
Interviewing to identify risks
Workshop: Practical application of interviewing remotely
Process Walkthrough and Documentation
Identify the common forms used during process documentation.
Basic Flowchart Shapes
Key considerations in process walkthrough during remote audit
Mapping of key processes with key controls and key risks
Workshop: Practical application of conducting walkthrough remotely
Identify the components of audit programs.
Creating Audit Program
Risk and Control Matrix
Impact of Risk
Key considerations in remote audit- risk and scope
Key Control and Testing
Tailoring Audit Programs
Workshop: Practical Application of Opening Meeting using virtual tools (Zoom, Skype, Webex)
Identify the methods for obtaining and presenting audit evidence.
Audit Model Performance
Standards of Audit Evidence
Evidence Gathering in Remote Audit scenario
Sampling and Testing Terms and Approaches
Documentation of Test Results
Testing Workpaper Quality Checklist
Identify the process to report audit findings.
The Audit Model
Components of Audit Reporting
Causes and Effects
Sample Write- Up
Audit Report Components
Opinion and Conclusion
Report Reader Assessment
Workshop: Audit Report Writing (review remotely)
Selling of the Results
Identify the best practices for selling audit results to stakeholders.
Audit Model – Communicating
Selling Findings and Recommendation
Best Practices for Exit Conferences
Workshop: Practical Application of Closing Meeting using virtual tools (Zoom, Skype, Webex)
Typical Wrap Up Activities
CANCELLATION & SUBSTITUTION POLICY
Cancellations received less than 24 hours prior to the event or after receiving the final confirmation email and zoom link will be charged a cancellation fee, which is 50% of the registration fee.
Substitutions are allowed within the same event without incurring a cancellation fee.
(Rate should be the same, if not, difference should be paid)
No-show registrants will be charged 50% of the registration fee.