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      Internal Audit Basic Training - Insurance Workshop - Pleasanton, CA in Pleasanton


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      October 23, 2019

      Wednesday   9:00 AM - 2:45 PM (daily for 2 times)

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      EVENT DETAILS
      Internal Audit Basic Training - Insurance Workshop - Pleasanton, CA

      Internal Audit Basic Training - Insurance Workshop - Pleasanton, CA (CCS)
      About this Event
      Join us for a unique, interactive course that "walks you through" the Internal Audit process.

      "This course is not just for auditors or new auditors. It is for anyone who wants an understanding of the relationship between business objectives, risk, control, assessment and reporting."

      This comprehensive internal audit training course is for anyone who wants to have a strong base of knowledge and understanding of the essential audit and the personal skills to become a successful internal auditor.

      We present the "Audit Life Cycle": Discover how audits are planned (based on an assessment of risk); how audits are conducted (fieldwork including interviewing, identifying internal controls, methods of testing, audit sampling, workpaper documentation); how audits are reported (identifying, prioritizing and communicating internal control deficiencies); and how to follow up on audit findings.

      Relax and learn through expert instructor presentations, group discussions, role-playing, audit exercises, white-board diagramming and simulations.

      This timely, three-day CPE training seminar is designed for the new internal auditor and individuals who have to create effective audit workpapers in performing internal audits and then communicate the results to management.

      Each attendee will receive 24 Auditing CPE Hours (YB). A certificate of completion will be provided.

      Seminar Highlights

      . What are Auditing Standards

      . Understanding Risk Assessment

      . Best Practices in conducting audit fieldwork

      . Audit reporting defined

      . Best Practices in creating Internal Audit reports

      . What to include and not include in each audit report

      . Essential sections of each type of audit report

      . How to properly document credibility determinations

      . Principles of clear and concise report writing

      Learning Objectives

      . Attendees will understand how an audit is conducted

      . Attendees will learn how to identify risks

      . Attendees will learn how to evaluate and document internal controls

      . Attendees will discover the best techniques for gathering audit evidence

      . Attendees will see the importance of preparing workpapers

      . Attendees will discuss interpersonal and team-building skills

      . Attendees will understand the audit communication process

      Key Issues on the Agenda

      Introductions

      Introduction and Overview

      . About Us and About Your Instructor

      . Who are You? What are Your Needs?

      . Overview of Agenda Tailored to Your Needs

      Section 1 - Overview of Internal Auditing

      . Myths About Auditing

      . How the World Works!

      . What is "Moores's Law"?

      . What is "Internal Auditing"?

      . How can auditors manage risk?

      . What type of internal audits do we conduct?

      . Internal Audit Questions and Answers

      . Audit Committee Expectations

      . Accounting vs Auditing

      . What should an internal auditor do?

      . Dr. Kotter's Steps for Change

      Section 2 - Internal Auditing - Yesterday, Today and Tomorrow

      . History of Auditing

      . Traditional Internal Auditing

      . Today's Internal Auditors

      . Tomorrow's Challenge

      Section 3 - Auditor Guidance

      . Numerous Audit Guidance Available

      . Institute of Internal Auditor's IPPF

      . IIA Code of Ethics

      . Four Stages of Competence

      . IIA Attribute Standards

      . IIA Performance Standards

      . IIA Practice Guides

      . COSO 2013

      . Federal Legislation

      . Sarbanes-Oxley Act

      . GAAP - IFRS - GAAS - PCAOB

      Section 4 - Roles of the Internal Audit Team

      . Chief Audit Executive

      . Audit Manager

      . Audit Senior

      . Audit Staff

      . What skills should auditors possess?

      . Personality?

      Section 5 - Internal Audit vs. External Audit

      . What is "Materiality"? "Misstatements"?

      . Financial Auditing

      . GAAS Compliance

      Section 6 - Planning the Internal Audit and Assessing Business Risks

      . Internal Audit "Life Cycle"

      . Risk Guidance from COSO Enterprise Risk Management Framework

      . Three Layers of Residual Risk

      . COSO Focus on Risk

      . Development of a Risk-based audit plan

      . Assess the Areas of Audit Risk

      . Risk Management and Audits are not perfect

      . Maintain an "Audit Trail"

      . How do we plan an internal audit?

      . Detailed planning of audits

      . Where can we obtain audit procedures?

      . Better Audit Management

      . Conducting an audit risk assessment

      . Development of an "Audit Program"

      . Deliverables from the Audit Planning Process

      Section 7 - Conducting Interviews

      . What does internal audit mean?

      . What false assumptions get in the way?

      . Different types of interviews

      . Different personality types

      . The Audit Interview

      . S.P.I.N. Selling Interviews

      . Situation Questions

      . Open Ended Problem Questions

      . Implication Questions

      . What needs to be done?

      . Establishing a "Fact"

      . Sequencing to get to the "Facts"

      Section 8 - Concluding Audit Fieldwork

      . "Kick-Off" meeting

      . Deliverables Reviews

      . Recognizing the important internal controls

      . Conducting a "Audit Walkthroughs"

      . Procedures Reliability Attributes

      . Fieldwork Skills

      . What is being heard??

      . Obstacles that get in the way.

      . Categories of lies

      . What deception sound like

      . What deception looks like

      . Sort through the interview

      . Assess the segregation of duties

      . Quality of Audit Evidence

      . Methods of testing

      . Testing financial transactions

      . Control testing

      . Sample sizes

      . Examples of Internal Controls in business processes

      . Examples of Information Technology General Controls

      . Examples of entity level controls

      . Organizing and documenting work in audit workpapers

      . Workpaper key elements

      . Workpaper reviews

      . Essential workpaper characteristics

      Section 9 - Using Audit Software

      . Audit Software Categories - Brands

      . Data analysis

      . Flowcharting

      Section 10 - Audit Findings & Concluding the Audit

      . Holding an "Audit Exit" meeting

      . Confirmation of the audit findings

      . Audit reporting writing magnificent seven

      . Evaluate the severity of findings

      Section 11 - Audit Report Writing

      . How to write a "Bad Audit Report"

      . Maintain the "Audit Trail"

      . lIA Vision of an Audit Report

      . Format, Organization and Content

      . IIA Audit Guidance

      . Why do we write audit reports?

      . Limitations

      Section 12 - Effective Audit Communications

      . Feelings

      . Do you know your audience?

      . Organize your content for the audience

      . Visual learners

      Section 13 - Components of the Audit Report

      . Sections of the Audit Report

      . Cover page

      . Auditor's summary

      . Findings and recommendations

      . Appendices

      Section 14 - The High Level Executive Summary vs Audit Summaries

      . What to tell the "Executive"?

      . Executive Summary Section of the Audit Report

      . Risk Communication

      . Build the Relationship

      . Management Action Linkage

      . Audit Summary - Protection for the audit team

      . Summarize the findings

      . Identify the audit objectives

      . Scope Limitations

      . Opinions

      Section 15 - The Hard Facts: Audit Findings

      . What is an "Audit Finding"?

      . Risk Ranked Findings

      . More effective audit findings

      . Conditions - 50,000 feet to "Ground Zero"

      . Criteria

      . Cause - Proximate - Intermediate - Root Cause

      . Risk Ranks

      . Common Risk Categories

      Section 16 - Recommendations and Corrective Action Plans

      . The IIA Standard

      . How to make a management action plan S.M.A.R.T.

      . Best Practices

      Section 17 - Audit Opinion and Ratings

      . What is an audit opinion?

      . Ratings - Scores - Grades

      . Maturity Models

      Section 18 - Audit Report Formatting

      . Font Type and Size

      . Text Justification

      . Formatting Recommendations

      . Format accounting to the audit type

      . Special reports

      Section 19 - Optimizing the Audit Report

      . Optimizing the Report

      . Optimize the Visual Presentation

      . Cover Page

      . Optimize the Report Structure

      . Optimize Content

      . Optimize Flow

      . Optimize Wording

      . Optimize the Paragraph

      . Optimize the Sentences

      . Optimize the Content

      . Clarity

      . Coherence

      . Word Economy

      . Verb Tense

      . Using Tone for Advantage

      . Proof Reading

      . Report Review

      . Optimize Format to Visual People

      Section 20 - Summary and Wrap-Up

      . 10 Keys to successful internal auditing

      . Communication is the end product

      Experts Providing CPE Training Seminars

      Corporate Compliance Seminars has been created by experts who enjoy providing CPE classroom training, workshops and consulting on internal controls, internal auditing and accounting related subjects. We have focused on SOX, COSO, PCAOB, COBIT, GRC, IFRS, AICPA, GAO and IIA Standards.

      Our programs are CPE for professionals with CPA, CGA, CIA, CFE, CISA, CMA and CA designations.

      Corporate Compliance Seminars presents CPE to auditors, compliance and IT professionals, Boards of Directors and Audit Committees. We examine the details of risk management, Sarbanes-Oxley Act compliance, Model Audit Rule compliance, auditing, internal controls, IT security and compliance, and fraud prevention and detection.

      Corporate Compliance Seminars allows the attendee to earn Official NASBA CPE credit.

      Our seminars focus on the details of the Sarbanes-Oxley Act of 2002 (SOX), Internal Controls over Financial Reporting (ICFR), Committee of Sponsoring Organizations of the Treadway Commission (COSO) Internal Control Frameworks, ISACA's Control Objectives over Information Technology (COBIT), Information Technology Infrastructure Library (ITIL), Open Compliance & Ethics Group's (OCEG) Governance, Risk & Compliance (GRC) methodology, PCAOB's Auditing Standard 5 (AS5), AICPA auditing standards and the future conversion from GAAP to the International Financial Reporting Standards (IFRS).

      Our seminars provide CPE for the CPA, CFE, CIA, CISA, auditors and others with effective and engaging training.

      Cost: $1,565

      Categories: Conferences & Tradeshows

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