IALInternal Audit Leadership
Course Overview
The challenges faced because of COVID-19 have shed further light on the phenomenal role Internal Audit plays in organizations’ overall governance framework and this course is focused on assisting Internal Audit Leadership in navigating these many encounters.
Key Takeaways
Course Outline
This section of the program focuses on how the leadership team needs to develop the internal audit strategy taking into consideration the following:
•Industry
•Organizational Structure
•Systems & Management Information Systems
•Economy
•Organizational Culture
•History
•Risk Management Maturity
•Compliance Maturity
•Anti-Fraud Ownership
•Audit Committee Diversity
•Capabilities of the Internal Audit team
At the end of this section we will address the practical challenges that audit functions face in developing and implementing the Internal Audit Plan enabling a more practical forwardlooking approach to audit planning.
•Shift focus from traditional internal audit reports to those influencing boardroom decisions
•Understand the critical role of Audit Committee reports in impacting boardroom dynamics
•Learn effective methods for crafting impactful AUCOM reports
•Explore strategies to maintain Audit Committee engagement and support for audit recommendations
•Gain insights into successful methods for keeping the Audit Committee informed and involved
•Understand the unique challenges in auditing governance related to Board oversight and senior management assessment
•Move beyond regulatory compliance to address key governance areas affecting long-term control effectiveness
•Learn effective methods for reporting on essential governance topics
•Discuss differing viewpoints between monitoring functions on role responsibilities
•Explore new perspectives on resolving dilemmas in •Internal Audit Leadership practically
•Integrate considerations from Risk Management & •Compliance audits with governance audit insights from the previous section
•Offer insights on recent trends affecting the internal audit profession
•Highlight emerging risks that internal audit departments will focus on in 2024 and beyond
•Emphasize the importance of taking care of your internal audit team to ensure reciprocal care
•Discuss the challenges of keeping the team engaged, focused, and passionate about their work
•Explore strategies to address these challenges and keep the team motivated to help clients achieve their objectives
•Identify ten toxic traits detrimental to Internal Audit Leadership
•Discuss each trait and explore strategies to overcome them in your teams
•Explore the inter-personal qualities necessary for effective Internal Audit Leadership
•Address the challenges of meeting conflicting expectations from numerous stakeholders
•Outline the internal audit's limited role in direct fraud identification
•Discuss leadership's role in evaluating the effectiveness of fraud risk assessments
•Examine effective methods for reviewing fraud risk assessment initiatives
•Review triennial internal and quinquennial external audit requirements
•Discuss establishing an effective Quality Assurance and Improvement Program (QAIP)
Who Should Attend?
Audit leaders
Audit supervisors
Audit managers
Senior auditors
Chief audit executives