Internal Audit: Keys to Managing an Effective Function (Completed)

Date: Thursday, March 23, 2023
Instructor: Lynn Fountain
Begin Time:  11:00am Pacific Time
12:00pm Mountain Time
1:00pm Central Time
2:00pm Eastern Time
CPE Credit:  2 hours for CPAs

The globalization of business, ongoing changes in technology, increased attention of shareholders and stakeholders and the continuing demands of the Audit Committee and senior management require a dynamic framework for managing today's internal audit department. The COVID pandemic resulted in many impacts on internal audits ability to perform their typically fiduciary duties. However, post pandemic, it is critical internal audit continue to evolve and provide their organizations with the most value-added function available.

This session, designed by a past Chief Audit Executive with significant exposure to a multitude of industries and internal audit frameworks, explores the key competencies and responsibilities of today's internal audit management and methods for meeting the requirements of the internal audit profession. We will also discuss some of the greatest challenges of the role and how to address those challenges.

Who Should Attend
Internal auditors, management, CEO, CFO, CAE, external auditors, board members, audit committee members

Topics Covered

  • This session is to explore key competencies and responsibilities of today's internal audit management and evaluate leading practice methods for meeting the requirements of the internal audit profession
  • The agenda will cover some of the greatest challenges of the internal audit role and how to address those challenges

Learning Objectives

  • Explore the role of today's internal audit leadership
  • Recognize the role of internal audit in corporate governance
  • Explore how to synergize the internal audit processes with other quality assurance groups
  • Discover the keys to building effective relationships with management and the audit committee
  • Discover the keys to staffing and training the audit group
  • Identify how to develop a resource gap analysis for internal audit

Level
Basic

Instructional Method
Group: Internet-based

NASBA Field of Study
Auditing (2 hours)

Program Prerequisites
None

Advance Preparation
None

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