While compliance auditing is typically used to evaluate whether the organization is following external regulations, it can also be used at a corporate level to determine whether a subsidiary company follows the wider corporation's procedures and policies. Internal auditors should exhibit the proficiency and professional due care to ensure adequate testing is performed, reducing the likelihood of failing regulatory and other stakeholders expectations.
SAVE AN ADDITIONAL $130 WHEN YOU REGISTER BY Aug. 29, 2023.
Course Dates: Oct.
10, 12, 17 and 19, 2023
DESIGNED FOR
This course is intended to establish a comprehensive understanding of compliance regulations both in the domestic U.S. and globally. This course will provide insights and essential tools for the participants to utilize at their organizations when performing internal audit activities against regulatory guidelines. This course is designed for internal auditors that are involved in assessing processes that require regulatory compliance, and need to know how to assess for accuracy, completeness, and currency of existing data collection, management, and reporting processes and those wishing to gain an understanding of the regulatory, financial, and reputational risks resulting in the the impact of inaccurate and/or incomplete data collection, data protection, and regulatory reporting.
BENEFITS
At the end of the course participants should be able to:
- Establish the importance of compliance and compliance reporting.
- Explore a suite of commonly encountered regulations impacting one or more industries focus on data collection, data protection, breach notification and compliance reporting requirements, current proposals, and recent changes.
- Review the suite of common risks and controls related to identifying and maintaining regulatory compliance in general.
- Discuss common U.S. and international data privacy regulations, and notable failure impacts.
- Evaluate common U.S. and international cybersecurity regulations, and notable failure impacts along with their impact on privacy regulations and the cryptocurrency industry.
- Identify challenges with maintaining compliance during rapidly shifting global work conditions, including: increased volume of remote work, shifts to company culture, and increased demand for employee mental health and well-being.
- Examine the impact of climate change, environmental, environmental, and governance (ESG) and diversity, equity, and inclusion (DEI).
- Articulate the importance of data protection regarding data and people analytics.
- Explore current regulatory environment related to blockchain frameworks, and associated audit activities.
- Apply common techniques for performing internal audit activities against common regulatory guidelines.
HIGHLIGHTS
In 2022 the SEC charged 16 publicly traded organizations over 1.1 billion USD in penalties after discovering widespread recordkeeping failures and other regulation compliance wrongdoings. Globally, top GDPR fines of 2022 totaled nearly 218 million Euros-across just 4 notable companies. "Finance, ultimately, depends on trust. By failing to honor their recordkeeping and books-and-records obligations, the market participants we have charged today have failed to maintain that trust,” said SEC Chair Gary Gensler. Can your organization afford to be out of compliance?
Compliance auditing is typically used to evaluate whether the organization is following external regulations; however, it can also be used at a corporate level to determine whether a subsidiary company follows the wider corporation's procedures and policies. Internal auditors should exhibit high levels of proficiency and professional due care to ensure adequate testing is performed, reducing the likelihood of failing regulatory and other stakeholders’ expectations.
This course provides a comprehensive overview of key compliance auditing concepts that are fundamental for all internal auditors. This course will introduce participants to a host of common regulations - both domestic to the United States, and globally - in addition to the controls needed to maintain compliance, and how to apply each regulation within the internal audit process. This course will also explore the associated reporting requirements (including but not limited to: SOX, PCI, HIPAA, breach notification, OFAC, ESG, GDPR), including tactics to collect evidence and perform internal audit activities against the regulatory reporting guidelines.
COURSE LEVEL
Intermediate
PREREQUISITES
Tools for the New Auditor and/or previous internal audit experience.
ADVANCE PREPARATION
None
As an NJCPA member benefit, select Institute of Internal Auditors (IIA) courses are available to NJCPA members at the IIA members-only rate.
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