Developing Effective Audit Work Programs

Developing an audit program can be an accounting process, especially when the audit area is one the auditor is unfamiliar with or that has not previously been audited. This workshop will take the mystery and pain out of the process by introducing a methodology called closing the Loop framework. It provides a foundation for how to develop audit steps based on audit scope and the evidence required to audit objective.

CONTENTS

* Setting the stage-Role of Audit and Audit Evidence

– Defining Audit Evidence

– Requirements from Auditing Standards

– Audit Charter

– Compliance

– Audit Work Plan and Audit Checklist

* Developing Audit Objective

– Linking Audit Objectives to Operational and

Control Objectives

– Developing Steps that Add Value

– Proactive not Reactive

– Risk-based Auditing into Audit Strategies

* Building the Audit Steps-Starting from Scratch

– I.S. Auditing

– Audit Programs

– Developing Audit Results

– Quality Assurance

– Good Practices for Audit Steps or Procedures

– Techniques for Evaluating and Modifying

– Internal Control Questionnaires

FOR WHOM:

All Internal Auditors in both the Public and Private Sectors.

TRAINING METHODOLOGY

The training methodology combines lectures, discussions, group exercises and illustrations. Participants will gain both theoretical and practical knowledge of the topics. The emphasis is on the practical application of the topics and as a result participant will go back to the workplace with both the ability and the confidence to apply the techniques learned to their duties.