Internal Audit School Agenda

Seminar: ID# 1003478

Agenda

1. Operational Auditing

• The Definition And Meaning Of Internal Auditing Today
• Essential Elements For Successful Operational Auditing
• The Benefits Of Operational Auditing
• Important Trends Affecting Operational Auditing
• The Impact Of Sarbanes-Oxley, ERM, And GRC

2. Components Of Operational Audits

• The Phases Of An Operational Audit
• The Link Between Objectives, Risks, And Controls In Key Functions
• The Importance And Uses Of Data
• Key Performance Indicators (KPI) And Key Risk Indicators (KRI)
• Identifying Fraudulent Practices
• IT Considerations And Integrated Audits
• Essential Operational Audit Tools

3. Auditing The Purchasing Function

• Identifying Key Risks In The Procurement Function
• Assessing Governance, Infrastructure, Policies, And Procedures In The Procurement Function
• Testing And Monitoring Vendor Relationships, Purchases, And Inventory Management
• Evaluating Vendor Relationships And The Contracting Process

4. Auditing The Marketing Function

• Examining The Marketing Function's Ability To Achieve Stated Objectives
• Evaluating Relationships, Advertising Expenditures, And Sales Activities
• Assessing The Effectiveness Of The Public Relations And Marketing Functions

5. Auditing The Human Resources Function

• Identifying The Risks In The Human Resources Function
• Recruiting, Staffing, And Training And Development Processes
• Assessing Employee Compensation, Benefits Administration, And Succession Planning
• The Role Of HR In Corporate Governance And Promoting A Healthy Control Environment
• Examining Employee Relations, Feedback, And Performance Management

6. Auditing The Finance, Treasury And Accounting Functions

• Reviewing The Finance, Payroll, AP, AR, Fixed Assets, And Budgeting Processes
• Assessing Treasury, Strategic Planning, Bank Accounts, And Systems Integration
• Identifying Fraud Indicators In Financial Reports
• Using Shared Services As A Control And Efficiency Mechanism

7. Auditing IT

• IT Objectives, Risks, And Controls
• Examining Staffing, Strategic Planning And The Infrastructure Within Your Organization
• Reviewing System Access, Data Protection And Backups, Disaster Recovery/Business Continuity, And Your SDLC
• Evaluating The IT Environment Using COSO And COBIT

8. Auditing The Management Function

• Examining Management Tasks And Measuring Their Performance And Effectiveness
• Enhancing The Control Environment Through Management Pronouncements, Examples, And Enforcement Of Policies
• Helping Management Build Strong Corporate Responsibility, Ethics, Risk Management, And Strategic Planning Processes
• Key Considerations For Communicating, Preserving, And Changing The Organization's Culture
• How Internal Auditors Can Act As Control Agents While Preserving Their Independence And Objectivity

9. The Future Of Operational Auditing

• Automating Controls And The Use Of Continuous Auditing
• Helping Management Perform Control Self-Assessments
• Promoting Continuous Improvement And High Quality As A Means To Improve Internal Controls
• Identifying The Best Recommendations That Lead To Positive And Sustained Changes