What you will be able to do
- Build a risk-based audit plan
- Prepare and carry out an audit assignment step by step
- Collect sufficient evidence and document it in working papers
- Write findings and recommendations that lead to action
Who it is for
- Internal auditors
- Inspection and control staff
- Managers moving into an audit role
Prerequisites
- Knowledge of internal control basics
Program
Risk-based planning
- The audit universe and its risks
- An annual plan the audit committee can endorse
- Coordinating with other assurance providers
Preparing an assignment
- Understanding the area under review
- Objectives, scope and the work program
- The opening meeting
Fieldwork
- Interviews, observation and testing
- Sampling, in practical terms
- Working papers that another auditor could follow
Reporting and follow-up
- Findings built on condition, criteria, cause and effect
- Recommendations that address causes
- Following up implementation
How we work
- A complete audit simulated on a training case
- Interview role play
- Peer review of draft findings