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Internal Audit Standards - Executing the Audit Engagement

Internal Audit Standards - Executing the Audit Engagement

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  • Completion Certificate
  • 24/7 Technical Support

Highlights

  • On-Demand course

  • All levels

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

Learning Objectives

  • 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.

Recognised Accreditation

This course is accredited by continuing professional development (CPD). CPD UK is globally recognised by employers, professional organisations, and academic institutions, thus a certificate from CPD Certification Service creates value towards your professional goal and achievement.

The Quality Licence Scheme is a brand of the Skills and Education Group, a leading national awarding organisation for providing high-quality vocational qualifications across a wide range of industries.

What is CPD?

Employers, professional organisations, and academic institutions all recognise CPD, therefore a credential from CPD Certification Service adds value to your professional goals and achievements.

Benefits of CPD

  • Improve your employment prospects

  • Boost your job satisfaction

  • Promotes career advancement

  • Enhances your CV

  • Provides you with a competitive edge in the job market

  • Demonstrate your dedication

  • Showcases your professional capabilities

What is IPHM?

The IPHM is an Accreditation Board that provides Training Providers with international and global accreditation. The Practitioners of Holistic Medicine (IPHM) accreditation is a guarantee of quality and skill.

Benefits of IPHM

  • It will help you establish a positive reputation in your chosen field

  • You can join a network and community of successful therapists that are dedicated to providing excellent care to their client

  • You can flaunt this accreditation in your CV

  • It is a worldwide recognised accreditation

What is Quality Licence Scheme?

This course is endorsed by the Quality Licence Scheme for its high-quality, non-regulated provision and training programmes. The Quality Licence Scheme is a brand of the Skills and Education Group, a leading national awarding organisation for providing high-quality vocational qualifications across a wide range of industries.

Benefits of Quality License Scheme

  • Certificate is valuable

  • Provides a competitive edge in your career

  • It will make your CV stand out

Course Curriculum

Introduction and Overview

Introduction to Applying the llA Standards to Meet Your Organization's Needs Part 3

00:05:00

Managing the Internal Audit Function

00:11:00

Challenges Managing Internal Audit

00:11:00

Alternative Effective Management

00:11:00

Planning

00:08:00

Planning Challenges

00:10:00

Planning Alternatives

00:11:00

Recourse Management

00:09:00

Procedures and Coordination

00:07:00

Management and the Board

00:10:00

External Service Providers

00:08:00

Nature of Work

00:15:00

Risk Management and Controls

00:15:00

Conclusion

Summary

00:02:00

Supplementary Resources

Supplementary Resources - Internal Audit Standards - Executing the Audit Engagement

00:00:00

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00:00:00

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00:00:00

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00:00:00

About The Provider

Study Plex
Study Plex
Birmingham
Study Plex is a company focused on providing a range of learning and development opportunities, to entertain and educate our learner base through the use of modern learning technology.
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