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 Innovation and Audit Training

Chapter Training
5/20/2013 8:30 AM
5/21/2013 12:30 PM
Virtual On-line Classroom | Ohio

Innovation & Internal Audit

Delivered via a Virtual Classroom


Date:             Monday May 20, 2013 and Tuesday, May 21, 2013
8:30am – 12:30pm   
:             $135 – IIA Member; $185 – Non-IIA Member
Virtual On-line Classroom – Participate directly from your desk
8 hrs (4 hours each day)

Not located in Columbus or find it difficult to spend a full-day out of the office for training? The Central Ohio Chapter is working with CPE Interactive, a leader in virtual training, to offer an on-line classroom option.  Each attendee will connect to a WebEx from their computer using a headset with a microphone.  No travel time and no additional expenses!  

Innovation & Internal Audit


With the world changing around us and the impact to organizational processes and business models innovation has become a word frequently mentioned. These changes provide challenges for internal auditors to do things differently that will result in remaining relevant. Considering innovation will enable auditors to better meet primary stakeholder expectations through process enhancements that focus on organizational changes, expectations, strategic plans/initiatives and efficiency/ effectiveness. Questions that may arise about innovation from discussions with your audit team, audit committee, management, and peers will be covered in the session. Finally, strategic initiatives for most organizations are becoming more critical for sustainability of the business. The need for increased emphasis on audits/consulting engagements for strategic initiatives will be reviewed/discussed. Attend this session to learn why innovation and strategic auditing is important to internal auditors that want to stay relevant.

In this seminar, you will:


·         Understand what innovation is and why it is important to internal audit

·         Better participate in your team’s continuous improvement process through development of ideas for consideration

·         Develop an audit plan and execute strategic audits

·         Use the tips, techniques tools and approaches to add additional value to internal audit and the organization by providing/considering alternative approaches/recommendations/solutions


 Who Should Attend


Internal audit staff and management

Level: Intermediate




·         Definition of innovation & how it relates to internal audit (IA)

·         Why we internal audit needs to innovate

·         Barriers to innovation

·         Examples of innovation that IA can use to help the organization to improve governance, risk & controls

·         Ideas to enhance IA innovation

·         Methods to generate ideas for continuous improvement

·         Emerging issues & innovation

·         Challenges that IA could experience

·         Important staff qualities to facilitate innovation

·         What role can IA serve in strategic initiatives

·         Definition & differences between of strategic vs. tactical and objectives vs. goals

·         Importance & challenges in auditing strategic initiatives

·         Annual risk assessment process & strategic initiatives

·         Auditing strategic initiatives

·         Sample audit approach/program for strategic audits

·         Lessons learned & leading practices

·         Tips & reference materials

Exercises will be used to reinforce the learning process.



Learning Objectives

·         Understand what innovation is and how it relates to internal audit

·         Realize the barriers to innovation

·         Learn why auditor innovation is necessary for auditors to continue meeting primary stakeholder expectations and stay relevant

·         Understand the reasons that internal audit functions should consider innovation in the development/execution of their Quality Assurance and Improvement Program

·         Identify ways to address emerging issues and how innovation can be used

·         Recognize the importance of considering strategic initiatives in the annual risk assessment

·         Learn about strategic auditing/consulting to better help your organization manage risk

·         Share resources and a tip list for consideration in determining how innovation and greater strategic auditing strengthens the Internal Audit value proposition and brand


 Prerequisites: Auditors with at least 2 years’ experience in order to draw upon their professional audit experience

Registration and payment instructions:

To register and pay, please click on the "Register Now" button below and payment can be made via most major credit cards or PayPal account (You do not need a PayPal account to use the link below). If you wish to pay with cash or check through the mail, please select the appropriate option for payment. For those that are invoiced, please register attendees individually, select the cash option for payment and send a request for invoice to the Treasurer, Steven Koehrsen.

Please contact the Treasurer, Steven Koehrsen at for any payment questions.