Get Ready for an Internal Audit: What Do Internal Auditors Look For?
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Course Description:
According to the Institute of Internal Auditors (IIA), the role of the internal audit department is to provide independent assurance that a companys risk management, governance and internal control processes are operating effectively. Internal auditors must be independent from company they evaluate and usually report to the board of directors, the chief accounting officer, or the audit committee. Internal audit indicates how well a companys systems and processes are working and conduct their reviews with a great deal of scrutiny.
But when internal auditor schedules a review of your business process, a feeling of dread often sets in. This feeling occurs because you may not have confidence your internal controls and risk management process and may not feel that your processes are Audit Proof. This session is designed the business professional always be ready for an internal audit. The instructor will provide a series of checklists, examples, tools, and plans to help make your business process Audit Proof. The instructor will provide example for key transactional processes such as accounts payable, accounts receivable, procurement, and payroll.
Why should you Attend?
Learn about the value and importance of the internal audit process and how you can leverage your internal controls program to avoid major findings. Also know how to prepare for an audit without getting stressed out and see how the audit process can be helpful and not disruptive.
The Learning Objectives of this Session are:- Learn what internal auditors look for and how your current internal controls programs can be leveraged
- Learn about the importance of good documentation, testing, and audit trails
- Learn how you can manage the audit process and more
Areas Covered:
- Who is Internal Audit?
- The Internal Audit process
- What to expect during an Audit?
- What Internal Audit usually looks for in a transactional business process?
- A sample Internal Audit checklist
- Your readiness checklist
- Addressing prior findings
- Assessing your internal control program
- Getting Ready: Your implementation plan
- Q&A
Who will benefit?
This will benefit a wide array of Professionals such as:
- CFOs & Controllers
- Shared Service
- Managers & Directors
- Procure to Pay Professionals
- Internal Auditors
- Internal Controls Professionals
Registration Options
Speaker Details
Chris Doxey
BFSI Expert
Chris has held senior finance and controller positions at Digital Equipment Corporation, Compaq Computer Corporation, Hewlett Packard, MCI, APEX Analytix, and BSI Healthcare. She has a bachelor's degree in English, a bachelor's in accounting, a master's in business administration, and a graduate certificate in project management. As a management consultant, Chris uses her foundation of experience to provide best practices and solutions to her clients in the areas of compliance,
Refund Policy
Participants/Registrants for our live events, may cancel up to 72 hours prior to the start of the live session and ComplianceTrain will issue a letter of credit to be used towards any of ComplianceTrain's future events. The letter of credit will be valid for 12 months.
ComplianceTrain will process refund in cases where the event has been cancelled and is not rescheduled within 90 days from the original scheduled date of the webinar. In case if a live webinar is cancelled, participants/registrants may choose between recorded version of the course or a refund. Refunds will not be processed to participants who do not show up for the webinar. A webinar may be cancelled due to unavoidable circumstances, participants will be notified 24 hours before the scheduled start of the event. Contact us via email: admin@ComplianceTrain.com
