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 Best Practices in Internal Auditing

4/29/2013 8:00 AM
4/30/2013 5:00 PM
Richardson Centre Concourse, Salon A, One Lombard Place |

register.jpgCOURSE OVERVIEW:

Internal auditing is a profession that’s always evolving,
always changing, especially in the area of risk-based auditing
approaches. This is why successful auditors know that it’s imperative that they continue to sharpen their skills in all areas of an audit. This two day course is focused on providing
real life examples of proven audit strategies to help you
become more effective.

This course is relevant to experienced auditors, audit managers and Chief Audit Executives.

What you will gain from this seminar:

This seminar presents a wealth of practices from world-class internal audit departments. This is not just an overview, you will get actual evaluation tools and related documents. You will also learn how they apply the tools and how to tailor their practices to your own organization. After the seminar, you will be able to use these examples as models to create or enhance
your own value-added practices.

CPE credits: 16

The Foundation of Best Practices
  • The Aspirational Definition of Internal Auditing
  • The Pivotal Document for Change (COSO)
  • Sample audit department mission – Central Maine Power

Audit Department Structure and Annual Planning Process

  • Best practice principles
    • Align department structure with the business
    • Use relationship managers
    • Risk assessment that is: qualitative, participative, real-time, strategically focused
    • Have a menu of audit services
  • Best practice examples from DuPont, Central Main Power, Pacific Telesis
  • How to plan, monitor, and aggregate results to form an entity-wide opinion
Added Value Audit Methodologies
  • Best practice principles
  • Risk-based auditing
  • Business process auditing
  • Practices That Enhance Audit Projects:
    • Best practice web site and database
    • Use of Guest Auditors
    • Criteria for Evaluating Performance MeasuresTrends and innovations in audit reports
  • Value Proposition of Internal Auditing: How to Deliver Insight
  • Auditing E-commerce applications – Microsoft
  • Trends and innovations in audit reports
Risk and Control Self-Assessment
  • The key to evaluating soft controls – self-assessment with validation
  • Five Principles for Evaluating Soft Controls
  • Structured Interview Guide – Culture of Compliance Review
  • Audit Project Survey – Rensselaer Polytechnic, University of Minnesota, Precision Drilling
  • Entity-Wide Self-Assessment Survey – Ameritech and Keys to Success
  • Self-Assessment Workshops – Two Common Techniques, Case Study
  • Working Inventory of Soft Controls
  • How to Select the Best Self-Assessment Technique for Your Organization
  • Self-assessment for Hard Controls – Banking Organization, Alcoa
Other Assurance and Consulting Services
  • Business Process Improvement reviews – DuPont
  • Internal Control Assessment – DuPont
  • Internal Control Education – DuPont, Ontario Justice Ministries
  • Audit’s role in mergers & acquisitions – Bank of America
  • Consulting – FirstEnergy
Enterprise Risk Management
Enterprise Risk Management ― Integrated Framework
  • Results of recent IIA research study: Taking It to the Next Level: Four Paths to ERM
  • ERM architecture
  • Diagnostic tool for risk management maturity
  • Internal audit’s role in ERM
Emerging Practices
  • Assessing the risk management process
  • Assessing the governance process(es)
  • Auditing social media and mobile devices
  • Assessing the use of “big data” 
Staffing, Work Environment, Marketing and Measuring
  • Best practice principles
    • Staff with multi-disciplinary experts
    • How to create a value-adding culture in your department
  • Competency model for staffing and career development: FirstEnergy
  • Marketing internal audit: tips and tricks
  • Post-audit customer surveys: DuPont, FirstEnergy
  • Audit department performance metrics – FirstEnergy
Reinventing Internal Audit
  • How to identify and prioritize your key stakeholders
  • How to determine your stakeholders’ needs and expectations
  • How to develop a vital, shared vision
  • How to develop a strategic plan
  • Audit Department Strategic Plan – FirstEnergy
James Roth, PhD, CIA, CCSA
Jim is one of the most highly rated speakers on internal audit, risk management, internal control,
and corporate governance. He has presented papers at 11 of the last 16 IIA International Conferences,
as well as regional and national conferences throughout North America and Asia.
He has three decades of progressive internal audit and teaching experience. After twelve years
as a practioner, Jim formed AuditTrends in 1993. Since then, Jim has focused on best practices
in internal audit. His extensive research has led to seven books and seven other major IIA publications.
Jim is the 2008 recipient of the IIA's Bradford Cadmus memorial Award, which honors "individuals
making the greatest contribution to the advancement of the internal audit profession."
Jim's expertise is not limited to emerging best practices. There is no better developer or presenter of basic audit skills training on the market today.
Some student comments:
  • "Real world examples, not just theory."
  • "James Roth is on the cuttng edge of auditing…incredibly knowledgeable and has excellent
    presentation skills."
  • "Excellent! Excellent! Excellent!"
Richardson Centre Concourse
Salon A
One Lombard Place
Winnipeg, MB
April 29 and 30th, 2013
Registration: 8:00 AM – 8:30 AM
Presentation: 8:30 am – 5:00 pm with one hour lunch
Cost (including GST)
$800 Members
$900 Non Members
Registration Deadline: Monday, April 22, 2013
For information:
Bridget Cabral
(204) 224-6362
Complete brochure (PDF)