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1 8HOURSC IIA GL BAL TRAINING MATERIAL ý INTERNAL AUD T TOOLS AND TECHNIQUES FOR ü Marketing Partner Content Partner Bengaluru 16 November Chennai 20 December 2018 N L " AUDIT AUDITORS FINANCIAL STATEMENT ACCOUNTANTS COST `

2 Course Description earn the basics of auditing at the new internal auditor Llevel. This course provides an overview of the life cycle of an audit from a new internal auditor s perspective while examining the internal control environment and audit governance. uring this course, you will participate in interactive Dactivities and reallife scenarios. Be prepared to walk away with best practices and key takeaways you can apply to your organization and its internal audit function. T h i s c o u r s e i s designed for internal auditors with 1 3 years experience who want to learn the concepts, tools, and t e c h n i q u e s t o enhance their effectiveness and grow within the profession. Course Objectives Identify the core elements of the International C Professional Practices Framework (IPPF). Describe the components of the audit model. Identify the components of the COSO Internal Control Framework. Identify the requirements of annual audit planning. Compare the roles and responsibilities for governance including that of internal auditors. Identify the components of interviews and how interviewing is used within an audit. Describe best practices for conducting and documenting interviews. Identify the common forms used during process documentation. Identify risks and key controls during the risk assessment process. Apply the methods for obtaining and presenting audit evidence. Identify the best practices for selling audit results to stakeholders. Demonstrate the steps necessary to wrap up the audit after the report is issued. Conduct the followup and validation of resolutions to audit recommendations. Recognize the formal quality assurance standards that the internal audit function is required to follow.

3 TOPICS The International Professional Practices Framework (IPPF) Overview of the new IPPF Mandatory guidance Applying the Code of Ethics Overview of the audit model Understanding the Control Environment COSO Internal Control Framework SOX overview Enterprise risk management (ERM) COSO ERM Framework Commonly used internal control resources Definitions of risk and risk management Audit Governance IIA guidance on governance The board, audit committee, and CAE Executive management and managementlevel committees Internal audit, external audit, other assurance providers, and regulators Roles and Responsibilities Roles of internal auditors Internal audit customers and stakeholders Audit team roles Definition of integrated auditing Qualifications of audit team members, by level Mission statement, vision statement, and audit charter Sample internal audit organizational charts, job descriptions, audit charters, etc. Audit Planning & Opening Conference Preliminary audit planning Your role in audit planning Conducting an interview Types of interviews and best practices for conducting interviews Interview practices to avoid Best practices for documenting interviews Defining audit scope and objectives, hours, resources, and key activities Preparing and submitting an audit planning memo Reviewing existing internal control documentation and assurance work Reviewing policies and procedures applicable to the function Reviewing and creating process flow documentation Best practices for narratives and flowcharts Conducting an effective audit opening conference Audit Risk Assessment, Internal Controls, and Walkthrough Performing a risk assessment

4 Risk assessment concepts and terms Application of risk assessment concepts and terms Internal control overview Control concepts and terms Evaluation of control adequacy Test of effectiveness Performing a walkthrough of internal controls Documenting the walkthrough Audit Program Development Preparing a valueadd audit program Tailoring audit programs Your role in developing audit programs Identifying standard test procedures applicable to the function Audit Fieldwork & Testing Audit evidence Standards for audit evidence Types of audit evidence Evaluating audit evidence Data analysis in fieldwork Sampling and testing terms Sampling and testing approaches Documentation of results Reviewing testing workpapers Audit Findings & Recommendations Preparing point sheets to document audit observations Communicating observations and components of audit reporting Audit reporting components Approaches to audit writeups Developing recommendations Guidelines for rating audit observations and findings Presenting audit findings and recommendations Audit Reporting & Exit Conference Preparing an audit report Reportreader assessment Developing the audit report 10 Things Not to Say in an Internal Audit Report Guidelines for overall audit ratings Conducting an effective audit exit conference Best practices for exit conferences Audit WrapUp & Workpaper Review Typical wrapup activities to completion of the audit Audit Findings: FollowUp, Validation, and Resolution Followup on remediation activity Monitoring after the audit Elements of the monitoring plan Quality Assurance & Improvement Program (QAIP) Quality assurance QAIP framework Applicable guidance and sample QAIPs

5 Please complete in BLOCK CAPITALS as information is used to produce delegate badge. Please photocopy for multiple bookings. Delegate Details INVESTMENT FOR ENROLLING GST 9500 GST W a y s to Regis marketing@achromicpoint.com t e r Title First Name Group Discounts nupur.verma@achromicpoint.com Surname Standard terms and conditions Telephone Job Title Organization Address Postcode Country I agree to APC s payment term. If you have not received an acknowledgment before the conference, please call us to confirm your booking. Payment Method Payment must be received prior the even Please refer to the following payment options: By ChequeBy Demand Draft All chequesdemand drafts should be crossed, marked 'AC Payee only' and made payable to 'Achromic Point Consulting Pvt Ltd' with the title of the programme (s) indicated clearly on the back of the chequedemand draft. By Electronic Transfer Please make payment to Achromic Point Consulting Pvt Ltd Bank: Axis Bank Branch: Kalkaji, New Delhi Account No: MICR Code No: IFSC Code: UTIB Swifts Code: AXISINBBA45 nd B92A, 2 Floor (Top Floor), Kalkaji, New Delhi , India. Cancellation and Refund Policy You must notify us by at least 48 hours in advance if you wish to send a substitute participant. Delegates may not share a pass between multiple attendees without prior authorization. If you are unable to find a substitute, please notify Achromic Point Consulting (APC) in writing up to 10 days prior to the conference date and a credit voucher valid for 1 year will be issued to you for the full amount paid, redeemable against any other APC conference. No credits or refunds will be given for cancellations received after 10 days prior to the conference date. APC reserves the right to cancel any conference it deems necessary and will not be responsible for airfare, hotel or other costs incurred by registrants. No liability is assumed by APC for changes in program date, content, speakers, or venue. Terms & Conditions Achromic point holds all the rights to circulate and distribute the information discussed, shared and presented at the seminar. Payment Gateway Beneficiary Name: Achromic Point Consulting Pvt Ltd *Please the remittance advice to contactus@achromicpoint.com or contact us at All bank charges are to be borne by the sender.

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