Internal Audit Standards - Executing the Audit Engagement
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Overview
Segment One and Two of this series covered important aspects internal auditors should be aware of in relation to the Institute of Internal Auditors (IIA) Attribute Standards and the elements of the Performance Standards that related to managing the internal audit function and the nature of work for internal audit. The final elements of the Performance Standards provide internal auditors with a relevant framework to properly execute engagements. It is critical internal auditors have an understanding of the various aspects of the audit and the framework outlined by the IIA.
Although the Standards do provide specific templates on the elements that should be evaluated in each stage of the audit, they provide critical guidance on requirements internal auditors should consider during the various phases. Understanding and following this guidance will ensure audit engagements are executed consistently and effectively. This segment is designed to delve deeper into the Performance Standards as they relate to conducting internal audit projects. This includes:
- Engagement Planning
- Performing the Engagement
- Communicating Results
- Monitoring Progress
- Communicating the Acceptance of risks
Learning Objectives
- Explore elements of planning the audit engagement.
- Identify methods for appropriately executing the audit engagement.
- Identify methods of communicating results to management and the board.
- Discover the requirements for monitoring audit issues.
- Recognize methods for communicating the acceptance of risk.
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Curriculum
This comprehensive course is designed by industry experts; this course will provide you with the skills and knowledge you need to succeed. Not only will it make you more lucrative to potential employers, but it will also give you the confidence to apply for that dream job.
This course is divided into bite-sized modules to make it easy to follow. The modules of this course cover all essential areas to provide you with the appropriate skills and industry knowledge to take your career to the next level. Whether you are travelling around the world or juggling work and family, this course can be completed anytime, anywhere. This flexibility enables you to learn at your own pace, fitting your studies around your current lifestyle.
Course Curriculum
Introduction and Overview Introduction to Applying the llA Standards to Meet Your Organization’s Needs Part 3 00:05:00 Managing the Internal Audit Function 00:11:00 Challenges Managing Internal Audit 00:11:00 Alternative Effective Management 00:11:00 Planning 00:08:00 Planning Challenges 00:10:00 Planning Alternatives 00:11:00 Recourse Management 00:09:00 Procedures and Coordination 00:07:00 Management and the Board 00:10:00 External Service Providers 00:08:00 Nature of Work 00:15:00 Risk Management and Controls 00:15:00 Conclusion Summary 00:02:00 Supplementary Resources Supplementary Resources – Internal Audit Standards – Executing the Audit Engagement 00:00:00 Obtain Your Certificate Order Your Certificate of Achievement 00:00:00 Get Your Insurance Now Get Your Insurance Now 00:00:00 Feedback Feedback 00:00:00 -
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Segment One and Two of this series covered important aspects internal auditors should be aware of in relation to the Institute of Internal Auditors (IIA) Attribute Standards and the elements of the Performance Standards that related to managing the internal audit function and the nature of work for internal audit. The final elements of the Performance Standards provide internal auditors with a relevant framework to properly execute engagements. It is critical internal auditors have an understanding of the various aspects of the audit and the framework outlined by the IIA.
Although the Standards do provide specific templates on the elements that should be evaluated in each stage of the audit, they provide critical guidance on requirements internal auditors should consider during the various phases. Understanding and following this guidance will ensure audit engagements are executed consistently and effectively. This segment is designed to delve deeper into the Performance Standards as they relate to conducting internal audit projects. This includes:
- Engagement Planning
- Performing the Engagement
- Communicating Results
- Monitoring Progress
- Communicating the Acceptance of risks
Learning Objectives
- Explore elements of planning the audit engagement.
- Identify methods for appropriately executing the audit engagement.
- Identify methods of communicating results to management and the board.
- Discover the requirements for monitoring audit issues.
- Recognize methods for communicating the acceptance of risk.
This comprehensive course is designed by industry experts; this course will provide you with the skills and knowledge you need to succeed. Not only will it make you more lucrative to potential employers, but it will also give you the confidence to apply for that dream job.
This course is divided into bite-sized modules to make it easy to follow. The modules of this course cover all essential areas to provide you with the appropriate skills and industry knowledge to take your career to the next level. Whether you are travelling around the world or juggling work and family, this course can be completed anytime, anywhere. This flexibility enables you to learn at your own pace, fitting your studies around your current lifestyle.
Course Curriculum
Introduction and Overview | |||
Introduction to Applying the llA Standards to Meet Your Organization’s Needs Part 3 | 00:05:00 | ||
Managing the Internal Audit Function | 00:11:00 | ||
Challenges Managing Internal Audit | 00:11:00 | ||
Alternative Effective Management | 00:11:00 | ||
Planning | 00:08:00 | ||
Planning Challenges | 00:10:00 | ||
Planning Alternatives | 00:11:00 | ||
Recourse Management | 00:09:00 | ||
Procedures and Coordination | 00:07:00 | ||
Management and the Board | 00:10:00 | ||
External Service Providers | 00:08:00 | ||
Nature of Work | 00:15:00 | ||
Risk Management and Controls | 00:15:00 | ||
Conclusion | |||
Summary | 00:02:00 | ||
Supplementary Resources | |||
Supplementary Resources – Internal Audit Standards – Executing the Audit Engagement | 00:00:00 | ||
Obtain Your Certificate | |||
Order Your Certificate of Achievement | 00:00:00 | ||
Get Your Insurance Now | |||
Get Your Insurance Now | 00:00:00 | ||
Feedback | |||
Feedback | 00:00:00 |