CPE Packages (Incl. Ethics) for Multiple States and Qualifications Available. Price $4/credit - CLICK HERE to view.

Keys to maintaining an effective and strong internal audit department

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Lynn Fountain, CRMA, CPA, CGMA, MBA

Lynn Fountain Consulting and Training

Friday, June 18, 2021 | 10:00 AM EDT

  • CPA Canada
  • CRMA
  • CIA
  • CMA
  • CPA
  • IAP
  • QIAL

4 Credits

$40

Subject Area

Auditing

Webinar Qualifies For

4 CPE credit of Auditing for all CPAs

4 CPE credit for Certified Management Accountants (CMA)

4 CPE credit for Certified Internal Auditors (CIA)

4 CPD credit (Verifiable) for Canadian CPAs

4 CPE credit for Qualification in Internal Audit Leadership (QIAL)

4 CPE credit for Internal Audit Practitioner (IAP)

4 CPE credit for Certification in Risk Management Assurance (CRMA)

4 General Educational credit for Tax Professionals / Bookkeepers / Accountants

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This Course is Also Available in Self Study (On-Demand)

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Course Description

An internal audit is essentially a pre-emptive manoeuver to maintain operational efficiency and financial reliability and to safeguard assets. It provides independent assurance that an organization’s risk management, governance, and internal control processes are operating effectively. Therefore it is imperative that organizations have a strong internal audit department that can provide an effective audit function. This webinar provides insights as to how you can have a strong foundation for your internal audit department. It will also deliver key aspects for maintaining a sharp audit function. The details of two sessions that provide individual topics are as follows:

Session1: Foundations of a Strong Internal Audit Department

This CPE course will provide insight into the realities of internal audit management roles, and the elements needed to build a strong internal audit department to provide the most value for your company.

The Institute of Internal Auditors (IIA) has done a tremendous job raising the profile of the auditing profession. As auditors, we strive to abide by the standards and guidelines. But have you ever asked management within your company if they knew such standards existed? Do they truly understand the concepts of risk-based auditing, independence, and obligations to the board or charter requirements? It is surprising how so many of these basic concepts are taken for granted by auditors and that we assume management is aware.

Individuals considering an internal audit management role should understand the challenges as well as benefits that may be presented to them within this role. It is critical that certain elements of the job be well understood by those holding the positions. This session is designed to step into the reality of the internal audit management role, and discuss the following:

  • Provide insight on the realities of internal audit management roles
  • Elements needed to build a strong internal audit department
  • Some of the concepts that aren’t always openly discussed within organizations--but are important concepts the internal audit manager should ensure they can clarify with management and be prepared to address on the job.


Session 2: Keys to maintaining an effective audit function

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.

This Online CPE Webinar, designed by a past Chief Audit Executive with significant exposure to a multitude of industries and internal audit frameworks, explores the following:

  • The key competencies and responsibilities of today's internal audit management.
  • Methods for meeting the requirements of the internal audit profession.
  • Some of the greatest challenges of the role and how to address those challenges.

 

This online continuing education course for CPA, CIA, CMA will also be useful for professionals new to evaluating the design and/ or implementation of internal audit function.

Learning Objectives

  • To explore the role of today's internal audit leadership.
  • To recognize the role of internal audit in corporate governance.
  • To explore how to synergize the internal audit processes with other quality assurance groups.
  • To discover the keys to building effective relationships with management and the audit committee.
  • To discover the keys to staffing and training the audit group.

Who Should Attend?

  • Accounting and audit managers/practitioners
  • Auditors
  • Business Owner
  • CEO
  • Certified Management Accountant
  • Certified Public Accountant
  • Cloud Accountants
  • Compliance Managers
  • Compliance Officers
  • CPA (Industry)
  • CPA - Mid Size Firm
  • CPA - Small Firm
  • CPA in Business
  • Entrepreneurial Accountant
  • VP Accounts
  • Young CPA

Testimonial

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