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 CNY IIA Three Day Seminar Advanced Auditing for In-Charge Auditors presented by MIS Training Institute

5/1/2018 8:30 AM
5/3/2018 4:30 PM
Embassy Suites at Destiny USA |  
Date:             May 1-3 / Tuesday through Thursday
Time:             8:30am to 4:30pm
CPE:               24 CPE credit hours
Cost:              $595 IIA members
                       $695 non-members
                       (includes lunch)
Venue:          Embassy Suites at Destiny USA  Syracuse, NY  
​This is almost SOLD OUT! We upgraded to a larger room and now have 7 spots remaining as of 4/11.  Although the online registration is closed, if you are interested please contact Sarah Pickering at and she will get you registered. 
Embassy Suites is just steps from the 6th largest mall in the U.S., providing all kinds of dining and entertainment options for after the training sessions.  This brand new hotel features all of the signature amenities offered at Embassy Suites. A limited number of rooms are being held at a reduced rate of $149, until April 9th.  This rate includes free made-to-order breakfasts featuring omelets, potatoes, bacon, fruit, pastries and more.  Also included are evening receptions featuring complimentary drinks and snacks.
Course Description
In this three-day session you will learn all of the elements involved in leading risk-based audits from the unique perspective of the in-charge position. Through discussion and exercises, attendees will review such concepts as audit program development and changes, performing risk assessments, setting priorities while assigning tasks, and managing staff performance during fieldwork.  This course also provides participants with an overview to: enhance fraud awareness, improve fraud risk-assessment capabilities and identify high-risk areas and the indicators of fraud.  This course will also equip participants with the techniques to communicate effectively with team members and clients, including ways to get client buy-in through the effective preparation, documentation and communication of issues and recommendations. 
The course provides a solid foundation on how to leverage fundamental internal audit concepts, practices, trends, and focus areas to achieve quality audits. It also provides strategies on how to market and sell internal audit effectively to the client.  Audit clients expect the work done to meet high quality standards, so this class examines ways to measure performance, increase efficiency and improve effectiveness.  As the liaison between the audit team and the client, the in-charge auditor has a large responsibility that requires effective planning and flawless execution of the audit plan using project management techniques appropriately. 
About the Instructor….
Dr. Hernan Murdock, CIA, CRMA
Hernan Murdock is Vice President, Audit Division for MIS Training Institute. Before joining MIS he was the Director of Training at a global professional services organization where he oversaw the company’s training and employee development program. Prior to that he was a Senior Project Manager leading audit and consulting projects for clients in the manufacturing, transportation, high tech, education, insurance and power generation industries. Dr. Murdock is a Senior Lecturer at Northeastern University. He is the author of Operational Auditing: Principles and Techniques for a Changing World, 10 Key Techniques to Improve Team Productivity and Using Surveys in Internal Audits. He has also written articles and book chapters on whistleblowing programs, international auditing, fraud, deception, corporate social responsibility, and behavioral profiling.  He has conducted audits and consulting projects, delivered seminars and invited talks, and made numerous presentations at internal audit, academic and government functions in North America, Latin America, Europe and Africa.
Registration information
Registration deadline is April 9, 2018. Seating is limited, so please register early to reserve your seat(s).
Cancellations after April 9, 2018 will be non-refundable. Substitutions can be requested at any time up until the time of the seminar.
Any questions, contact Lynn Wilber
315-471-5656 x7498
Seminar Agenda
Advanced Auditing for In-Charge Auditors  
Who Should Attend:
Financial, Operational, Information Technology and External Auditors with two or more years of audit experience
What You Will Learn:
1. Auditing Concepts: The In-Charge’s Perspective
• responsibilities of the ia department
• losing credibility
• operational versus financial/compliance auditing
• essentials of operational auditing
• the audit triangles
• questions an audit attempts to answer
2. The Control Environment: High-Impact Changes
• the changing control environment
• emphasis on key controls
• soft/hard controls
• balance risks and controls
• examples of entity level controls
• changes since Sarbanes-Oxley
• corporate governance
• blue ribbon committee on corporate audit committees
• Sarbanes-Oxley overview
• COSO executive summary
• the control environment to avoid
3. Marketing and Selling Internal Audit
• key factors in marketing and selling the audit function
4. Preliminary Fieldwork and Program Development
• the importance of preliminary work
• allocating time
• impact and benefits of data analytics
• simple data mining model
• when to consider data mining
• areas to consider for a more productive audit
• the audit program
• criteria for audit programs
• group exercise
• how to manage an audit
5. Risk Assessment Strategies
• what is risk assessment?
• what the in-charge needs for every audit
• differentiate enterprise risk and audit risk
• differentiate inherent risk and residual risk
• criteria for effective risk assessment
• best practices for identifying emerging risks earlier
• risk environment
• trends in risk assessment
• four assets of audit departments
• gross risk and net risk
• risk matrix
• the successful risk model
• audit level risk assessment factors
• ERM do’s and don’ts
6. Applying Project Management to Internal Audit
• project approaches to audit teams
• key factors to successful audit/project management
• the audit/project planning process
• using project management to effectively plan audits
• time estimates
• common workflow planning problems
• audit/project leader’s responsibilities
• resource management
• guidelines and examples of good audit/project management
• time management improvement issues
7. Fraud Awareness
• impact of Sarbanes-Oxley in addressing fraud
• what is fraud?
• fraud triangle
• key findings and conclusions from 2014 ACFE report to the nations
• what to do when you suspect fraud
• professional standard
• areas of fraud occurrence
• indicators of potential fraud
• most successful techniques for preventing and detecting fraud
• the hallmarks of an effective compliance program
• auditing tone at the top
8. Effective Communications
• Professional Standard #2420
• do’s and don’ts of effective meeting management
• trends in audit report formats
• executive summary options
• recommendation options
• guidelines for issuing more timely reports
• closing conference strategies currently in practice
9. High-Profile Case Studies
• Sunbeam issues
• Enron/Andersen
• Allied Irish Bank
• Wal-Mart
• Tyco 
• ImClone/Martha Stewart
• WorldCom
• Healthsouth
• Madoff
• others
12. Improving Productivity
• measuring internal audit productivity
• planning/fieldwork
• writing/wrap up
• potential productivity decreases
• improving productivity of audit management
• increasing auditor productivity
13. Best Practices in Internal Audit