New Strategies and Best Practices In Internal Auditing
| Start Date | End Date | Venue | Fees (US $) | ||
|---|---|---|---|---|---|
| New Strategies and Best Practices In Internal Auditing | 30 Nov 2025 | 04 Dec 2025 | Al-Khobar, KSA | $ 4,500 | Register |
New Strategies and Best Practices In Internal Auditing
| Start Date | End Date | Venue | Fees (US $) | |
|---|---|---|---|---|
| New Strategies and Best Practices In Internal Auditing | 30 Nov 2025 | 04 Dec 2025 | Al-Khobar, KSA | $ 4,500 |
Introduction
All auditors have moments when they’re working on a problem, trying to determine the best course of action in a given circumstance, and they wonder how their colleagues handle similar situations. In this course, audit staff, supervisors, and managers have the opportunity to learn exactly that. Through lectures, group discussions, and facilitator presentations, course participants will discover how world-class audit functions are using participative, qualitative, real-time risk assessment, and gain an understanding of the most successful audit techniques.
From Sarbanes-Oxley to control self-assessment to enterprise risk management, this course will share best practice examples from organizations such as DuPont, Fannie Mae, Central Maine Power, and Pacific Telesis to help attendees transform their audit departments, create a desired culture, market their valuable capabilities, and measure the results.
Objectives
- Discover how world-class audit functions are using participative, qualitative, real-time risk assessment.
- Understand the most successful audit techniques: risk-based, business process, e-commerce, and self-assessment.
- Learn how leading audit departments are helping their organizations comply with Sarbanes-Oxley requirements.
- Delve into assurance and consulting services that go beyond audits, including internal auditing's role in enterprise risk management.
- Transform your audit department, create the desired culture, market your valuable capabilities, and measure the results.
- Gain more than 20 "best practice" examples of value-added assurance and consulting practices, drawn from current research into world-class audit functions.
Training Methodology
This is an interactive course. There will be open question and answer sessions, regular group exercises and activities, videos, case studies, and presentations on best practices. Participants will have the opportunity to share with the facilitator and other participants on what works well and not so well for them, as well as work on issues from their own organizations. The online course is conducted online using MS-Teams/ClickMeeting.
Who Should Attend?
Audit staff, supervisors, and managers who want to be able to add more value to their organizations.
Course Outline
The New Vision of Internal Auditing
- The new definition of internal auditing
- The new understanding of internal control (COSO)
- Sample audit department mission: Central Maine Power
Audit Department Structure and Annual Planning Process
- Best practice principles
- Best practice examples: DuPont, Fannie Mae, Central Maine Power, Pacific Telesis
- How to plan, monitor, and aggregate results to form an entity-wide opinion
Value-added Audit Methodologies
- Best practices principles
- Risk-based auditing
- Business process auditing
- Best practice Web site and database
- Use of guest auditors
- Auditing e-commerce applications: Microsoft
- Trends and innovations in audit reports
Control Self-Assessment
- Why internal auditors must use some form of self assessment
- Control self-assessment workshops: two common techniques, case study
- Self-assessment questionnaire: Rensselaer Polytechnic
- Entity-wide self-assessment survey: Ameritech
- Uses of self-assessment
- Five principles for evaluating soft controls
- How to select the best self-assessment technique for your organization
- Self-assessment for hard controls - for a banking organization: Alcoa
Other Assurance and Consulting Services
- Business process improvement: DuPont
- Internal control assessment: DuPont
- Internal control education: DuPont
- Auditing's role in mergers and acquisitions: Bank of America
- Becoming the organization's consultant of choice: FirstEnergy
Enterprise Risk Management
- Enterprise Risk Management? Integrated Framework
- Results of IIA research study: Four Approaches to Enterprise Risk Management … and the SOX Connection
- Examples of ERM – Countrywide, Aquila, Texas Comptroller of Public Accounts
- ERM architecture
- Sample risk management policy, risk models, risk maps
- Diagnostic tool for risk management maturity
- Internal auditing's role in ERM
Staffing, Work Environment, Marketing, and Measuring
- Staffing and work environment - best practice principles
- Competency model for staffing and career development -- FirstEnergy
- Career planning form
- Marketing internal audit
- Post-audit customer survey: DuPont, FirstEnergy
- Audit Department performance metrics: FirstEnergy
How to Get There from Here: Reinventing Internal Audit
- Audit department customer analysis
- Creating a shared vision for the future
- Developing the strategic plan
- Implementing the plan
- Discussion guide for customer input: DuPont, FirstEnergy
- Internal audit strategic plan: FirstEnergy
Accreditation
Related Courses
Nationals Development Training Program
Laboratory Systems ISO17025 Consulting
Competency Frameworks Consulting
Talent & Succession Planning Solutions
Employee Assessment & Development Plans
Strategy Development & Review Solutions
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Hotline: +9712 -6911888
info@ecoman-uae.com