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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.
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Improve your employment prospects
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Promotes career advancement
Enhances your CV
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Demonstrate your dedication
Showcases your professional capabilities
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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 | ||
Obtain Your Certificate | |||
Order Your Certificate of Achievement | 00:00:00 | ||
Get Your Insurance Now | |||
Get Your Insurance Now | 00:00:00 | ||
Feedback | |||
Feedback | 00:00:00 |