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Writing Effective Audit Observations-Online Webinar

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

Online Event

  • May 2017

    16 Tue

    11:30AM

  • May 2017

    16 Tue

    2:30PM

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Writing Effective Audit Observations-Online Webinar

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

Fremont, CA

No tickets available

Description
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

http://onlinecompliancepanel.com/webinar/WRITING-EFFECTIVE-AUDIT-OBSERVATIONS-502223/MAY-2017-ES-EZEVENT


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

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