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      Internal Audit 101: Introduction to Internal Auditing - St. Louis, MO in Saint Louis


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      October 2, 2019

      Wednesday   8:45 AM - 4:45 PM

      111 West Port Plaza 6th Floor
      Saint Louis, Missouri 63146

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      EVENT DETAILS
      Internal Audit 101: Introduction to Internal Auditing - St. Louis, MO

      Internal Audit 101: Introduction to Internal Auditing - St. Louis, MO (CCS)
      About this Event
      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 provide an introduction to 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.

      Experts (CIAs CPAs CISAs CFEs) Providing Training Seminars

      Corporate Compliance Seminars was founded by experts who enjoy researching and providing classroom training, workshops and consulting on internal controls, auditing, compliance and accounting related subjects. We focus on SOX, COSO, PCAOB, COBIT, GRC, risk management, IFRS and IIA Standards. All of our instructors have been practicing as a CPA, or CIA, or CISA, or CFE, or CA.

      Corporate Compliance Seminars allows an attendee to earn Official NASBA CPE credit while examining 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), and the future conversion from GAAP to the International Financial Reporting Standards (IFRS).

      Our training seminars provide CPE For CPAs, CFEs, CIAs, CISAs, auditors and others with effective and engaging educational training.

      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 indivdual audit planning?

      - What are the best practices in conducting audit fieldwork?

      - What are the key sections in internal audit reports?

      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

      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.

      Saywer's Internal Auditing Defines Internal Auditing

      Saywer'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 thier 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.

      Cost: 695.00

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