MANAGEMENT OF INTERNAL AUDIT FUNCTION
1.COURSE OVERVIEW
This course is for audit professionals and focuses on ways to meet the demands of stakeholders. It covers developing the audit plan, setting goals, methodology changes, structuring and marketing the department, and co-sourcing.
AICD offers this 10 days Management in Internal Audit Function course targeting finance professionals with the zeal to understand and expand their knowledge in financial reporting, financial accounting and auditing to improve their efficiency. Participants are also drilled in key business processes concerning financial statements and the influence of technology on financial auditing.
2. WHY YOU SHOULD ATTEND THIS COURSE
You should attend because the demands on the internal audit function has never been higher and this course provides tips, tools, techniques and best practices that you can use immediately in your organization.
3. TARGET GROUP
Internal Audit Managers, officers, consultants, Directors and Supervisors.
4. WHAT YOU WILL LEARN?
You will learn about the critical role of the audit director, how to develop and implement an effective mission, vision and strategy, stakeholder management and best practices to improve productivity and develop your staff.
5. COURSE OUTLINE
The Critical Role of the Audit Director/Manager:
- traditional roles
- being a manager in a department that addresses significant risk
- strategically acceptable organizational reporting
- attributes of a world-class department
Developing an Effective Mission/Vision Statement:
- maintaining professional standards
- building flexibility into the plan to allow Audit’s role to evolve
- incorporating consulting, business unit initiatives and pre-implementation teams
- incorporating governance and ethics roles
- knowing your organizations’ ERM process
Developing Strategic and Risk-Based Annual Business Plans:
- concentrating on significant risks
- identifying emerging and strategic risks
- ensuring your plan is flexible enough to quickly respond to ERM changes
- creating plans that address senior management’s and the Audit Committee’s goals
- ensuring your ERM strategy addresses fraud, IT and SOX and compliance risks
- applying the roll-forward concept to your annual plan
Corporate Governance:
- the impact of Sarbanes-Oxley and PCAOB on managing the IA department
- role of IA in fraud prevention
- proactive and strategic roles for IA
- maintaining the tone at the top
- global compliance
- FCPA, UK Bribery Act
- impact of updated COSO
Building Relationships: Marketing and Selling Internal Audit:
- making sure IA isn’t the organization’s best-kept secret
- more than 100 proven strategies for selling IA
- making marketing a departmental effort
Audit Committee Relationships
- best practices
- education new members
- 10 pitfalls to avoid
Attracting and Keeping the Right People with the Right Stuff:
- innovative ways to find new talent
- strategies for managing and balancing turnover
- retaining and motivating talented staff
Co-sourcing:
- getting the most out of resources within the rest of the organization
- building a co-sourcing team
- fee vs. recovery agreements
- domestic vs. international coverage
- managing costs
Minimizing Departmental Administration:
- eliminating inefficient and outdate procedures
- taking a zero-based approach
Improving the Productivity of the Audit Process:
- planning smarter
- testing less
- thinking report from day one
- making individual audits risk-based
Incorporating Best Practices Throughout the Department
IA’s Role in High-Profile Situations and What Went Wrong – Lessons Learned:
- Enron
- WorldCom
- Madoff
- HealthSouth
- others
FOR MORE DETAILS AND COURSE OUTLINE PLEASE CONTACT:
PIERRE DUPLIS BRENNER
The Admission Director
AFRICA INSTITUTE FOR CAPACITY DEVELOPMENT (AICD)
HEAD OFFICE:
21 Detroit Plaza |Pretoria Road|Kempton Park|
Gauteng. SOUTH AFRICA
Telephone : +27 733797377
Whatsapp Number : +27 733797377
For more information https://aicdtraining.com/apply-online/