Writing Effective Audit Observations-Online Webinar

Tuesday, May 16, 2017 at 11:30AM - 2:30PM
Fremont, CA

Event Details

This class is designed to give you the basics for doing an operational audit. We will discuss management and audit concepts to help you understand how the process works. We will also do some exercises to further strengthen your knowledge.

Objectives Of The Presentation
  • Definitions
    • IIA internal audit
    • Operational audit
  • The three primary types of audits
    • Financial
    • Compliance
    • Operational
  • Management's responsibilities
    • Plan, organize, lead, and control
    • Establish an organizational structure
    • Establish objectives that directly or indirectly support the primary mission
    • Assess the risk of not achieving the objectives
    • Establish controls to ensure that the objectives are achieved
  • Gain an understanding of the operational audit process which includes
    • Develop an annual audit plan
    • Conduct a preliminary survey of the selected area
    • Determine the audit objectives
    • Determine the audit scope
    • Conduct an entrance conference
    • Conduct the field work
    • Conduct exit conference
    • Communicate the Results to Management
    • Follow up on audit findings
  • Key IIA Standards relative to operational audits
    • 2010 - Planning
    • 2201 - Planning Considerations
    • 2220 - Engagement Scope
    • 2240 - Engagement Work Program
    • 2300 - Performing the Engagement
    • 2400 - Communicating Results
    • 2500 - Monitoring Progress
Why Should you Attend
Every organization has a primary business objective, the reason for its existence. Whether it is a "for-profit" organization or a "not-for-profit" organization, there is always a primary business objective. And each organization is set up to accomplish that primary business objective.

The primary business objective is the life blood of the organization. And management has the responsibility to set up an operational structure and processes to ensure that the primary business objective is accomplished. However, to do that, there are so many other secondary objectives that needs to be achieved. For example, management has to establish various departments like an:
  • HR Department- to hire/train personnel
  • Procurement Department - to purchase material/goods
  • Accounting Department - to pay vendors and employees
  • IT Department - to leverage technology
  • Maintenance Department - to care for equipment/infrastructure
There are numerous other possible departments depending on the company and its primary business objective. And every department has its own departmental objectives to directly or indirectly support the primary business objective. And management has the responsibility to establish controls to ensure that these objectives are achieved.

Operational auditing plays an important role in helping management achieve its primary business objective. Internal Audit has the responsibility to evaluate those controls through the operational auditing process to determine if they are adequate and effective.

Who will Benefit
  • Audit Managers
  • Staff Auditors
  • Government Auditors
  • Compliance Auditors
  • Internal Control Specialists
  • Public Accountants
  • Accounting Analysts
  • Business Analysts & Quality Control Specialists.

For Registration


Note: Use Promo code WE3PL and get 10% off on registration (Valid till MAY 31st 2017)

Organization Details

Online Compliance Panel (OCP) creates and delivers comprehensive industry relevant training sessions. These sessions are simple, interactive and cost effective. We are a predominantly web based information exchange forum. Live interactions on compliance training make the process holistic and effective. OCP largely emphasizes in offering regulatory compliance training to compliance professionals on varied topics. These primarily include risk management, quality management, corporate compliance and other regulatory compliances. Some of our primary areas of focus include advancement and updates in regulatory compliance, best practices and market trends.

We strive to incorporate high standards in developing a culture facilitating exchange of ideas resulting in functional excellence. OCP believes in nurturing ideas and thought processes through innovative e-learning methodologies. Our products and services are designed to offer customized solutions to industry and market. We bridge the gap between experience and knowledge thus delivering original and creative content.

Our objectives of employing interactive mediums ensure effective communication and mutual exchange of ideas. OCP closely follows best practices and regulatory trends in the global compliance scenario. We also observe and communicate trends witnessed in FDA, ISO regulations, process and design validation. All updates and additions to important laws can be accessed by our customers in real time.

Our mission is to empower compliance professionals through effective online training sessions. Our world class training methodologies stem from comprehensive understanding of client requirements. The content conforming to FDA and ISO standards is developed by well qualified and experienced industry leaders. Our offerings will exceed expectations and add value to your investment.

The content in various categories such as medical devices, pharmaceuticals and biotechnology will raise the bar in terms of quality already on offer .We hope to contribute to the creation of responsible organizations creating benchmarks in quality, integrity and transparency.

Online Event
38780 Tyson Lane, Apt 210
Fremont, CA 94536

Starts May 16, 2017 at 11:30AM - 2:30PM

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Contact Information

Organization: Online Compliance Panel LLC

Event Contact: OCP Panel

Phone: 15108575896