Core Principles, Standards, and Code of Conduct for Internal Auditors 2 Credits
Applying the Standards for Internal Auditors - Part 1
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Dec 11, 2024 | 12:30 PM
ET
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Corporate management personnel often lack awareness that internal auditors operate under defined Standards and guidelines set by the profession.
Internal audit is not universally perceived as a profession bound by established Standards, and practitioners do not hold a formal "license to practice." This raises the question: Why are Standards essential for internal auditors? In this online CPE part 1 of the series ‘Internal Auditor Standards’ course, we will delve deeper into the significant components of these Standards, elucidating their implications for the internal audit profession.
A value-oriented internal audit function goes beyond mere compliance; it entails a profound understanding of the International Professional Practices Framework (IPPF) Standards. This understanding allows internal auditors to articulate the importance of these Standards to the management. Failure to acknowledge the Standards may position the internal audit group as solely a quality assurance function, a distinction that organizations should be able to make. This webinar seeks to address these nuances and foster a more informed perspective on the role of Standards in internal audit.
Major Topics covered:
Come and be a part of this CPE Auditing Course that provides valuable knowledge on how to establish a successful and value-oriented internal audit function by aligning with professional standards and principles.
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Lynn Fountain has over 39 years of experience spanning public accounting, corporate accounting and consulting. 20 years of her experience has been working in the areas of internal and external auditing and risk management. She is a subject matter expert in multiple fields including internal audit, ethics, fraud evaluations, Sarbanes-Oxley, enterprise risk management, governance, financial management and compliance. Lynn has held two Chief Audit Executive (CAE) positions for international companies. In one of her roles as CAE, she assisted in the investigation of a multi-million-dollar fraud scheme perpetrated by a vendor that spanned 7 years and implicated 20 employees. The fraud was formally investigation by the FBI and resulted in 5 indictments estimating a $13M fraud loss.
Ms. Fountain is currently engaged in her own consulting and training practice. She has successfully executed on several consulting assignments spanning areas of accounting, risk, ERM and internal audit. She is a highly sought-after trainer and international speaker and has produced hundreds of courses delivered through seminars, conferences and on-demand training. She is the author of three separate technical books.
Ms.
Fountain obtained her BSBA from Pittsburg State University and her MBA from
Washburn University in Kansas. She has her CPA, CGMA, CRMA credentials.
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We issue instant credit certificates, ensuring they are valid for presentation to governing bodies. Typically, we report IRS, CTEC, CFP, IDFP, IWI, VBOA Ethics credits within 7 days – the fastest in the industry.
JB
Lynn is a great presenter and is very knowledgeable on the subject of Internal Auditing. She presents real life examples which assists in the student's understanding of the subject material. I would highly recommend her courses.
Good session on core principles of internal audit. Really enjoyed learning about the elements of internal audit and code of ethics.
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