Tools for Audit Managers (X7-SE24772)

This course is intended to equip participants with the essential understanding, skills, and techniques to effectively, and confidently complete their critical role as internal audit managers. At the end of the course, participants should be able to:

• Identify the core elements of the International Professional Practices Framework (IPPF) as they relate to the lead auditor role.
• Describe the components of the audit model.
• Compare the roles and responsibilities of audit management, the lead auditor, and the auditee.
• Identify the roles and responsibilities of team members involved in QAIP.
• Identify key concepts necessary to becoming an effective leader.
• Identify key concepts necessary to leading and mentoring staff.
• Identify the components of the audit planning and opening conference.
• Identify best practices for conducting an audit risk assessment, walkthrough, and audit program development.
• Identify the components required for auditing fieldwork and testing.
• Identify best practices for audit observations and findings and recommendations.
• Identify the components of effective audit reporting and the exit conference.
• Demonstrate the steps necessary to wrap up the audit after the report is issued.
• Identify the key metrics and performance indicators necessary to measuring internal audit productivity.
• Recognize the formal quality assurance standards that the internal audit function is required to follow.

A successful, organized team requires a confident, competent manager. This course provides new audit managers with the tools and the skills necessary to manage audit teams successfully — and does so strictly from an audit manager’s perspective. This course provides essential insight into the roles and responsibilities of audit management, and lists the key concepts needed to successfully lead and mentor staff.

This instructor-led course includes interactive group activities and breakout sessions of real-life scenarios that teach the concepts, tools, and techniques needed to supervise and develop an audit team, manage change, and effectively manage relationships within the audit team, and with the CAE, executive management, and audit committee. Audit managers that complete this course will walk away with proven internal audit practices that can be immediately applied to an organization of any size and within any industry.