2016 Audit Boot Camp
Where
George Mason University - Arlington Campus3351 North Fairfax Drive
Arlington, VA 22201-4426
Driving Directions
Course Outline
Day 1:
- What it takes to be an internal auditor in today’s world
- Roles and responsibilities of Internal Auditors
- IPPF and Internal Auditing Standards
- SOX
Day 2:
- Critical Thoughts on Critical Thinking
- Interviewing:
Building rapport
Questioning techniques
Active listening
Interpreting the interview
Best practices - Key concepts of internal controls
- Defining controls
- COSO
- Control limitations
- Introduction to Data Analytics
- Introduction to Information Technology
- Introduction to Fraud:
Concepts and definitions
Control frameworks (COSO, COBIT, Netcentric, FISCAM, NIST Special Publication 800-series on Security Controls for Federal Information Systems, GAIT, GTAG)
Role of Internal Auditors for IT and IIA standards and practice advisories
Types of fraud
Internal Audit’s responsibility
Day 3:
- Risk assessment
Audit planning overview
COSO 2013 / COSO ERM - Engagement level risk assessment
- Audit engagement planning:
Opening meetings
Interviews
Walkthroughs
Risk and Control Matrix
Audit Programs - Control identification
- Designing tests of controls and substantive testing:
Types of evidence
Sources of evidence
Selecting the right test
CAATs
Sample selection
Day 4:
- Engagement documentation and workpaper requirements:
Narratives
Flowcharts
Audit Evidence
Workpapers - Observations & Root Cause Analysis
- Communicating engagement results
Status updates
Contents of audit reports
Writing audit observations - Corrective action follow-up procedures
- Wrap-up, Nuggets, Top 10 Takeaways
Course Overview
Internal auditors are trusted advisors to management and the Board of Directors and are getting recognition from business professionals and regulators. To become a successful auditor, a strong base of knowledge and an understanding of basic auditing skills are essential.
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. You will learn how to plan an audit, conduct effective audit interviews, sell and communicate your audit results, and perform follow-up on management’s corrective actions. Through team exercises, group discussion, and lectures, attendees will gain a foundation of knowledge that will allow them to properly prepare for and conduct a successful audit.
Registratoin begins at 8:00 AM and class begins at 8:30 AM.
- New Internal Auditors with less than 2 years of internal audit experience
- Auditors who are transitioning from SOX to operational, compliance, financial, IT, and integrated internal audits.
- External Auditors who are transitioning to Internal Audit.
- Compliance Professionals and Internal Control Professionals.
At the end of this program, attendees will be able to:
- Assess and apply the skills it takes to be a great internal auditor
- Explain the professional standards for internal auditing
- Build a foundation to become a Certified Internal Auditor
- Conduct effective audit interviews
- Identify controls
- Test and evaluate controls
- Communicate audit findings effectively
Program level: Basic
Prerequisites: None
Advance Preparation: None
Instructional Method: Group-live
Free TakeawaysSample audit programs
Audit checklists
Sample templates
Prior Attendee Acknowledgments
"This course is the best Beginning Auditor course. I've attended others offered by MISTI and the IIA, but [Raven's] is best."
"I learned more about the audit process and best practices in these 4 days than I learned 18 months in Internal Audit."
"I've been in Internal Audit 6 months, and nothing made sense until attending this [Beginning Auditor Bootcamp] course."
About the trainer
Raven Catlin, CIA, CFSA, CPA, CRMA, is an internationally recognized expert and speaker in Internal Auditing. Leveraging her 17 years of auditing, consulting, and training experience, Raven provides on-site training and conference presentations. Session participants gain valuable skills and motivation for success.
Raven is VCU graduate. Before starting Raven Global Training, Raven was a Consultant at Experis and a Senior Manager at Protiviti holding various audit positions including Interim CAE at two not-for-profits. She held internal audit positions with Freddie Mac, Bank of America, and Philip Morris. Raven is an active member of the IIA and a contributing author to IIA’s CIA Learning System. Go to http://ravenglobaltraining.com/about_us for a more detailed biography.