Management focuses on initiatives and issues that impact the operating models of business activities and processes, such as environmental stewardship, operational excellence, supply chain optimization, offshoring, talent mobility, innovation, and cloud computing to name a few. Given these dynamics, internal audit is in a unique position to influence value enhancement efforts. This is achievable through effective operational auditing.This course explores current and emerging business trends and issues across industry sectors that are encountered during traditional operational audits. Participants will discover that operational auditing plays an important role in today's business environment well beyond the realm of money, compliance, and traditional internal controls, and into the realm of a trusted business partner influencing management's pursuit of operational excellence. They will learn how to employ various methods, tools, and skills to collect and analyze operational information and data, identify causes of operational issues and risk exposures, and develop solutions to enhance the operational performance of business activities, processes, and / or resources deployed across the organization.This highly interactive and dynamic instructor-led training engages participants through group sharing, focused activities, and case study-based simulations.*Updated in 2022 with modern applications and robust activities!
DESIGNED FOR
This course will benefit audit managers, audit team leads, and operational and IT audit staff with 2+ year’s practical auditing experience, and who are looking to gain an understanding of typical operational auditing opportunities or to enhance the value of operational auditing services provided to the organization. This course will also benefit business process managers responsible for ensuring effective use and management of corporate resources, who want to evaluate and improve the operational performance of business activities, processes, and / or resources deployed.
BENEFITS
Date(s) and Time: Sep 4, 6, 11, 13 from 12:30 PM - 4:00 PM ET
- Identify how the changing business environment has influenced past trends in operational auditing.
- Examine key skill sets and knowledge essentials associated with a trusted advisor.
- Review key aspects of the project planning process that promote the successful outcome of operational audit engagements.
- Describe operations objectives, and the drivers of associated risks, measures of risk events, design of operations-focused controls, and criteria to evaluate operational performance.
- Discuss the application of business process improvement methods, and tools during an operational audit.
- Define the different types of benchmarking and measurement criteria.
- Explain how benchmarking methodology can be used during an operational audit.
- Discuss different reporting approaches, and persuasive strategies to attain management’s buy-in to results, and solutions.
Other Date(s) and Time: Jun 17, 18, 20, 21 from 1:00 PM - 4:30 PM ET
HIGHLIGHTS
This course intends to examine key skill sets and knowledge essentials for operational auditors to become trusted advisors in their organization and promote positive change.
COURSE LEVEL
Intermediate
PREREQUISITES
Participants should come with knowledge of, and experience with the auditing process.
ADVANCE PREPARATION
None