Professional Services Agreements in Construction Live Webinar

Internal Auditing Fundamentals (OnDemand Webinar)

$199.00

SKU: 409684EAU

Description

Understand the fundamentals of the internal audit function and recognize key risks when preparing for an internal audit.Everyone hears the phrase ‘internal audit,’ but they don’t understand what it means. Many people confuse internal auditing with external financial statement audits believing they only involve financial issues. However, the reality is there are many types of internal audit processes that are not only complianceoriented but are opportunities to review and improve processes and maximize efficiencies. This course will include information on what internal audits are, the benefits of an internal audit, how to perform internal audits, how to report your findings and conclusions to management, and how to use internal audits as a management tool. The material will include reallife examples and the benefits of getting in the field (site visits, calls, and observations) to maximize those benefits.

Date: 2022-10-25 Start Time: End Time:

Learning Objectives

Tweet
Share
Share
Pin

Introduction
• Defining Audits, Including Expectations and Limitations
• Control Framework: A Great Guide to Get Started or to Hone Your Skills
• The IIA, Certification, Internal Audit Departments

The Audit Process • Start to Finish, but Not a Linear Process
• Planning
• Conducting
• Completion

Technical Terms in an Easy-to-Understand Format
• Risks
• Controls
• Other Key Audit Elements

Tips and Techniques to Prevent an Audit From Being Successful
• Overall Goals
• Evidence
• Additional Considerations

Conclusion • Keeping Things in Perspective
• Always Focus on Risks
• Audits: Sometimes a Necessary Evil, Sometimes to Be Loved
• Questions and Answers

Tweet
Share
Share
Pin

Allen Pfeister, CPA, MBA, CIA, CMA, CFM-Tax Uncomplicated, LLC

Tweet
Share
Share
Pin
Professional Services Agreements in Construction Live Webinar

Internal Auditing Fundamentals (OnDemand Webinar)

$199.00

SKU: 407069EAU

Description

Understand the fundamentals of an internal audit and recognize key risks and objectives when preparing for an internal audit.Many people outside of internal audit groups do not understand the benefits of internal auditing. They believe internal audits only revolve around financial items and are similar to external audits. There are several types of internal audits that are not only compliance oriented but opportunities for process improvement and saving money. Part of the responsibility of the internal auditor is sell the positive attributes of internal auditing. The topic will include how to perform internal audits and sell your findings and conclusions. There will be stories from the field such as the Big Red Button, the oily fingers audit that saved over 1 million and how an internal audit turned a company’s 300 million division to a profit versus a deficit for the year. There will also be a discussion on getting out there in the field (site visits, calls, and observations). This material will also review internal audit reporting at various levels and discuss the benefits of networking and training in internal audit field and your industry.

Date: 2020-07-13 Start Time: End Time:

Learning Objectives

History of Internal Audit
• Milestones (Examples 1 and 2)
• 1941 Institute of Internal Audit (IIA) Established
• 1989 United Nations Grants Consultative Status to the IIA
• How Internal Audit Has Evolved

Type of Audits Definition
• Auditing Versus Accounting
• Types of Internal Audits
• Operational
• Financial
• IT
• Compliance
• Management (Performance)
• Fraud
• Follow-up
• Continuous
• Management Consulting
• Combination Audits

Internal Audit Standards
• Standards Established by the IIA
• Examples Include Independence and Planning

How-To and Examples
• Establish Objectives
• Identify Risk
• Effective Fieldwork
• Report Communication
• Networking

David Naser-JPAssociates, Inc.