Effective Internal Auditing

Effective Internal Auditing Learn a structured approach for conducting internal auditing that gets results! With businesses under closer scrutiny, it’s more important than ever that your company’s internal auditing meets regulatory requirements. This seminar will help you ensure that your company’s internal auditing systems fully comply with Section 404 and Title VIII of the Sarbanes-Oxley Act. More than that, however, this seminar goes beyond the boundaries of accounting to provide real insight into the managerial, political and technical dynamics of internal auditing. How You Will Benefit Identify “high-risk” processes—and build control systems that mitigate the risk Develop control-based internal auditing recommendations that truly help management meet tactical and strategic objectives Ensure compliance with 8K reporting requirements What You Will Cover Internal auditing and the international business environment The Sarbanes-Oxley Act of 2002 The roadmap to effective internal auditing Focusing the investment in internal audit Documenting and evaluating internal control systems Audit evidence and audit sampling Selling your audit recommendations to management Who Should Attend Internal auditors with less than two years of auditing experience and anyone responsible for Sarbanes-Oxley compliance—as well as plant managers, controllers and financial managers, those who oversee the internal auditing function, new staff accountants and individuals responsible for safeguarding company assets. Note: You'll need a calculator for this training. Extended Training Description Learning Objectives Internal Audit and the International Business Environment The Sarbanes-Oxley Act of 2002 Focusing the Investment in Internal Audit Documenting and Evaluating Internal Control Systems Audit Evidence and Audit Sampling Selling Your Audit Recommendations to Management Internal Auditing and the International Business Environment Define Internal Auditing Identify the Components of an Effective Internal Audit Function Define Management Responsibilities of an Internal Audit Function Discuss Effective Organizational Placement of a Successful Internal Audit Function Discuss the Similarities and Differences Between Internal Auditing and External Auditing Define the Various Types of Internal Audits The Sarbanes-Oxley Act of 2002 PowerPoint® Slides Title IV—Enhanced Financial Disclosures Title VIII—Corporate and Criminal Fraud Accountability Title IX—White-Collar Crime Penalty Enhancements The Road Map to Effective Internal Audits Discuss the Principles of Effective Audits Define Alpha and Beta Audit Risk Perform Compliance, Substantive, and Operational Tests Calculate Audit Risk Define the Relationship Between the Internal and Control Environment and Audit Testing Focusing the Investment in Internal Audit Relate the Concept of Internal Audit Strategies to the Audit Planning Process Develop a Long-Term Audit Plan for the Internal Audit Department Using Internal Control-Based Risk Assessment Design the Audit Plan and Prepare an Audit Planning Memorandum for an Individual Internal Audit Project Assignment Internal Controls and Internal Auditing Discuss the Relationship Between Internal Controls and the Audit Process Understand the Structure of Internal Control Systems Explore the Risk-Control Continuum and Tolerable Deviation Documenting and Evaluating Internal Control Systems Complete the Basic and Detailed Information Gathering Phase of the Audit Process (BIG & DIG) Plan the Audit Gather Background Information (BIG) Understand the Work Process Document the Work Process Develop Process Flow Diagrams and Process Maps Complete the Audit Internal Controls Documentation Matrix Finalize the Audit Objectives Audit Evidence and Audit Sampling Discuss the Basic Concepts of Audit Evidence, and Their Impact on the Development of Audit Workpapers Document Analytical Reviews Test and Gather Audit Evidence Complete and Document Compliance and Substantive Tests Select the Appropriate Testing Method Discuss Statistical Sampling Techniques Determine the Objectives of the Sampling Plan Develop the Sampling Plan Apply Attribute Sampling Techniques Extrapolate the Sample Results Ensure That Audit Workpapers Support Audit Conclusions and Recommendations Planning and Conducting Successful Audit Interviews Plan Interviews Discuss a Framework for Planning, Conducting and Evaluating the Results of Interviews Overcome Resistance Manage Conflict with Management Listen Effectively Talk Effectively in a Non-Threatening Environment Get to "Yes" Understand the Nature of Confidentiality of Information Selling Your Recommendations to Management Develop Control-Based Audit Recommendations Effectively Use Interim Audit Memorandum Issue Audit Reports That Comply with Statements on Internal Auditing Standards No. 2 Provide the Reader of the Audit Report with the Necessary Information to Make an Informed Management Decision Provide the Reader with a "Balanced" Audit Report Structure the Audit Report to Be Used as an Effective Management Tool   FOCUS TRACO INDONESIA Management & Technical Training Course Seminar Provider Download 2009 FOCUS Training Catalog

Instructor  Team Expert Schedule March 18-20, 2009 3 days Venue Santika Hotel Yogyakarta Tuition Fee  Rp. 4.800.000,-   per participant, excluding accommodation & tax. Registration Send by email -or- fax to: PT. FOCUS TRACO INDONESIA Wisma Pakuan, Jl. Pakuan 12 BOGOR – 16143 (021) 7009-9943   (0251) 2169-150 (0251) 7534-984 training@focustraco.com