Audit Fundamentals (1-day)

OBJECTIVE: Audit Fundamentals brings new auditors and subject matter experts recruited into the audit department up to speed on the basics of internal auditing.

TOPICS COVERED

• Internal Audit - Definition and Role
• Differences between Internal and External audit
• Overview of audit professional organizations - IIA, ISACA, AICPA
• Overview of key control related studies - Treadway, SAC, COSO, COCO
• The IIA 5 Scopes of Work overview
• Information gathering skills
• Documentation guidelines
• Basic control testing techniques
• Overview of key audit standards
• Internal audit charter
• Relationship to audit committee
• Definition of internal control
• Attorney/client privilege
  

WHAT YOU WILL LEARN

• An overview of, and differences between, the various internal control studies
• The differences between the roles of internal and external audit
• How audit is part of the corporation's assurance function
• Confidentiality and legal issues associated with internal auditing
• Basic audit data gathering, testing and documentation skills
• Basic evidence and fact determination skills

WHO SHOULD ATTEND

Audit Fundamentals is designed to bring subject matter experts recruited into the audit department up to speed on the basics on internal auditing. At the conclusion of the course, they will be able to relate how their subject matter expertise can be applied in teams to accomplish the internal audit mission.

Prod Code: 801
CPE Credit: 8 hrs
Duration: 1 day
Price: $295.00

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The Best of the Best for 2006

RBIA Gold Medal
Ms. Martha Mimica, Florida Power & Light

RBIA Silver Medal
Mr. Bill Egan, Scotts Company

RBIA Bronze Medal
Mr. Dan Ashley, Qwest Communications

Congratulations!
prior year winners

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Updated: February 2, 2007