Internal Audit 101: Introduction to Internal Auditing Training Course

Internal audits are an important requirement for effective corporate governance. The internal auditor is at
the front line in evaluating management's internal control, assessing the accuracy of financial information,
and ensuring compliance with laws and regulations. Learn how to perform these important duties and
comply with the professional auditing standards.

"Internal Audit 101" is the perfect CPE course to introduce internal auditing to someone new to the field or to
someone who has not had formal training. This course provides an overview of the "audit life cycle", including
audit planning and risk assessment, conducting fieldwork, interviews, walkthroughs and tests of controls, and audit
reporting and follow-up. We provide the latest guidance for a risk-based, top-down audit approach, key audit
terminology, audit workpaper documentation, and "selling" the benefits of the audit.

Designed for internal auditors who are new or have limited experience in the audit profession, this seminar will
walk the participants through the basics of being an internal auditor. It is ideal for auditors who want to ensure that
they follow approved, prescribed audit standards and apply the appropriate audit tools and techniques.

This timely, one-day CPE training seminar is designed for the new internal auditor and others who have to create
an effective audit plan, perform the audits, generate workpapers, and effectively communicate the results.

Follow the below links for further detail information:

. Seminar Highlights
. Learning Objectives
. Key Issues on the Agenda

The retail cost of this CPE seminar is $495.00 for the first attendee from a single organization. Discounts are
available for more than one attendee from each organization: (2) $940.00 (3) $1,340.00 (4) $1,680.00 (5)
$1,980.00.

To reserve your space, click on the "SIGN-UP NOW!" link in the right margin, complete the registration form, and
use the corresponding "Submit Registration Form and Move to Payment Options Page" button for filing the
registration and moving to the payment page.

Seminar Highlights

The seminar reviews and answers the following questions:

- What is internal auditing and what are auditing standards?
- How to approach audit risk assessment and individual audit planning?
- What are the best practices in conducting audit fieldwork?
- What are the key sections in internal audit reports?

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Learning Objectives

- Attendees will discuss interpersonal and team-building skills

- Attendees will learn how to identify audit risks and plan fieldwork
- Attendees will understand how an audit fieldwork is conducted
- 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 understand the audit communication process

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Key Issues on the Agenda

Introductions

Section 1 - Overview of Internal Auditing

- Myths about auditing
- What is internal auditing?
- What is internal control?
- How can auditors manage risks?
- Accounting vs auditing

Section 2 - Internal Auditing - Yesterday, Today and Tomorrow

- History of internal auditing
- Today's internal auditor
- Tomorrow's challenges

Section 3 - Auditor Guidance

- Auditor's guidance sources
- IIA International Professional Practices Framework (IPPF)
- How to use the "Code of Ethics"
- COSO 2013 guidance
- Sarbanes-Oxley Act
- Guidance for the external auditor

Section 4 - Role of the Audit Team

- Increasing responsibilities
- Auditor skills
- Auditor personality profile

Section 5 - Internal vs. External Auditing

- Responsibilities
- Financial audits
- Materiality and misstatements
- Financial statement assertions

Section 6 - Planning the Audit and Assessing Audit Risk

- Internal Audit "Life Cycle"
- Internal Audit "Risk Assessment"
- The focus on risk management
- Money In
- Money Out
- Risk - Control - Objective
- Planning the individual audit
- Audit procedures

Section 7 - Conducting Audit Fieldwork

- Recognize the important internal controls
- Conducting an "audit walkthrough"
- "Fieldwork" skills
- Audit interviewing
- Effective questioning technique (S.P.I.N.)
- Active listening skills
- Audit evidence
- Testing internal controls
- Sample size
- Examples
- Workpaper characteristics
- Workpaper review

Section 8 - Using Audit Software

- Data analysis
- Audit management
- Flowcharting
- Risk management
- Reporting and content management

Section 9 - Concluding the Audit

- Document the exceptions and findings
- Documents in the audit reporting process
- Audit exit meetings
- Building rapport

Section 10 - Summary

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.

Information Sources for the New Internal Auditor

Internal Audit Defined by Wikipedia

Internal auditing is an independent, objective assurance and consulting activity designed to add value and improve
an organization's operations. It helps an organization accomplish its objectives by bringing a systematic,
disciplined approach to evaluate and improve the effectiveness of risk management, control and governance
processes.
Internal auditing is a catalyst for improving an organization's governance, risk management and management
controls by providing insight and recommendations based on analyses and assessments of data and business
processes. With commitment to integrity and accountability, internal auditing provides value to governing bodies
and senior management as an objective source of independent advice.

Professionals called internal auditors are employed by organizations to perform the internal auditing activity.

Sawyer's Internal Auditing Defines Internal Auditing

Sawyer's Internal Auditing (5th ed.) defines internal auditing as a "systematic, objective appraisal by internal
auditors of the diverse operations and controls within an organization to determine if:

financial and operating information is both accurate and reliable

organization's risks have been identified and minimized

external regulations and internal policies are being followed

operating criteria are met

efficient and economical use of resources

organization's objectives are being effectively achieved

Internal Audit Community AuditNet.org

AuditNet® serves the global audit community as the primary communications resource with an online digital
network where auditors share resources, tools, and experiences including audit work programs and other audit
documentation. As the first online portal for the global audit community, AuditNet® has been at the forefront of
audit websites dedicated to promoting the use of technology.

How to become an internal auditor? By Matthew Tarpey | May 2, 2018

How do business leaders know if their organization is working as well as it could be? Simple: they hire internal
auditors!

Intelligence Service concerning the SEC and their Auditors Audit Analytics

Audit Analytics is a premium company intelligence service providing independent research to the investment,
accounting, insurance, legal, regulatory and academic communities.

Audit Analytics provides detailed research on over 150,000 active audits and more than 10,000 accounting firms.
Access to the Audit Analytics data is available via an online user subscription, email notifications, enterprise data
feed subscription and custom research reports.

Audit Analytics data includes detailed categorizations of issues and is considered by many professionals to be the
best primary data source for tracking and analysis of public company disclosures related to the audit, compliance,
governance, corporate actions and federal litigation.