Applying the Standards for Internal Auditors Part 3

This course delves deeper into the Performance Standards as they relate to conducting internal audit projects.

4.60 (48 reviews)
Udemy
platform
English
language
Accounting & Bookkeeping
category
Applying the Standards for Internal Auditors Part 3
281
students
1.5 hours
content
Aug 2017
last update
$44.99
regular price

What you will learn

Explore elements of planning the audit engagement.

Identify methods for appropriately executing the audit engagement.

Identify methods of communicating results to management and the board.

Discover the requirements for monitoring audit issues.

Recognize methods for communicating the acceptance of risk.

Description

Segment One and Two of this series covered important aspects internal auditors should be aware of in relation to the Institute of Internal Auditors (IIA) Attribute Standards and the elements of the Performance Standards that related to managing the internal audit function and the nature of work for internal audit. The final elements of the Performance Standards provide internal auditors with a relevant framework to properly execute engagements. It is critical internal auditors have an understanding of the various aspects of the audit and the framework outlined by the IIA.

Although the Standards do provide specific templates on the elements that should be evaluated in each stage of the audit, they provide critical guidance on requirements internal auditors should consider during the various phases. Understanding and following this guidance will ensure audit engagements are executed consistently and effectively. This segment is designed to delve deeper into the Performance Standards as they relate to conducting internal audit projects. This includes:

  •  Engagement Planning 
  • Performing the Engagement 
  • Communicating Results
  • Monitoring Progress
  • Communicating the Acceptance of risks

If you would like Continuing Education Credit (e.g. CPE, CE, CPD, etc.) for this course, it is available if you take this course on the Illumeo dot com platform under course title: Applying the Standards for Internal Auditors in Line with Your Organization's Needs – Part Three: Executing the Audit Engagement. Illumeo is certified to provide CPE in over two dozen different professional certifications covering finance, accounting, treasury, internal audit, HR, and more. However, in order to receive CPE credit the courses must be taken on an ‘approved-by-the-governing-body’ CPE platform, and for over two dozen corporate professional certifications, that is the Illumeo platform. Go to Illumeo dot com to learn more.

Content

Introduction

Introduction to Applying the llA Standards to Meet Your Organization's Needs Par
Engagement Planning
Engagement Objectives
Objective Considerations and Wording
Example Objective Statements
Engagement Scope
Engagement Resources and Work Program
Performing the Engagement
Work Papers
Communicating Results
Communication Interpretations
Exit Conference
Report Types
Summary

Supporting Materials

Slides: Applying the Standards for Internal Auditors
Applying the Standards for Internal Auditors in line with your organizations

Review and Test

Review Questions
FINAL EXAM

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1315970
udemy ID
8/8/2017
course created date
12/1/2020
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