Tools for Lead Auditors (X7-SE24774)

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.

Leading an internal audit project requires knowing and fully understanding the audit process and possessing the ability to guide an engagement team in performing the fundamental responsibilities of internal auditing. This course provides an overview of the life cycle of leading an audit engagement, including planning, examining the internal control environment and organizational governance, obtaining and presenting audit evidence, wrapping-up the audit engagement, and measuring the effectiveness and efficiency of the audit engagement.

This instructor-led course includes interactive group activities and breakout sessions of real-life scenarios that teach the concepts, tools, and techniques needed for leading an internal audit team. Lead auditors 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.