Internal Audit Best Practices and Fundamental Principles

  • Accountant
  • CRMA
  • CPA/CFF
  • CFE
  • CGAP
  • CIA
  • CMA
  • CPA (US)
  • CVA
  • CA - ICAEW
  • IAP
  • QIAL
  • ACCA
  • MAFF
  • CBA/MCBA
  • CA - Ireland
  • CA - Scotland
  • CPA - Ireland
  • CFIRS
  • CWS

Published: November, 2021

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Before starting this self study program, please go through the instructional document.

  • Course Description
  • Course Qualification
  • Presenter
  • FAQ

Course Description

Overview

  • What is the Goal of Internal Auditing?
    6 mins
  • Institute of Internal Auditors Professional Standards (IPPF)
    28 mins
  • Budget vs Audit Plan Approvals
    69 mins
  • Engagement Initiation / Pre-Planning
    94 mins
  • Presenting Observations
    145 mins
  • Characteristics of Emerging Risks
    165 mins
  • Emerging Risks: Conflicts of Interest
    201 mins
  • Let's do a Quick Survey - How much do you know about fraud?
    225 mins
  • Red Flag Indicators
    270 mins
  • some Internal Audit Considerations
    312 mins

Course Description

Internal audit is a forward-looking audit function that should provide insight, oversight, and foresight around an organization’s current and future risk and control. Especially, in a modern-day fast-paced cut-throat business environment an internal auditor is required to stay relevant despite the technology-enabled business transformation. It is expected in such a way that shows rich in terms of organizing and managing resources and technology to deliver quality services. 

Though through learning basic concepts and identifying practical aspects internal auditors develop the gaps in their practice, there is still a need to identify how they can excel in the field of auditing.  In this online CPE webinar, the speaker is going to provide you an in-depth understanding of annual risk assessment, internal audit process, and audit report writing. These subjects are at the heart of the subject and provide a complete overview of the key aspects to improve for internal auditors. 

This online Auditing CPE webinar provides one of the unique perspectives for the industry aspirants and professionals that assist in developing as well as revitalizing their aspects on the basic as well as technical fronts. The speaker covers a wide variety of subject that provides the learning as well as application aspects using interactive tools such as discussions, exercises, quizzes, and guidance with the rich years of experience to explore the findings and conclusions on the theoretical learning. 

This Online CPE webinar covers the following key topics:

  • What is an internal audit?
  • Internal audit process
  • Annual risk assessment standards
  • What is fraud? What are key red flag indicators for fraud?
  • Engagement-level risk and its management
  • Audit report writing
  • Few hot topics that will keep you relevant.

Learning Objectives

  • To identify the goals of internal auditing
  • To explore annual risk assessment standards 
  • To identify the fraud, fraud triangle, and red flag indicators
  • To recognize how the audit risk assessment integrates with Engagement-level Risk Management
  • To identify key steps in-depth in the Internal audit process
  • To explore Audit report writing and 
  • To identify some of the hot topics to stay updated

Recommended For

  • This online CPE webinar is recommended for CPAs, IAP, QIAL, CMA, CIA, CFF, CFE, CRMA, and other professionals who desire to improve the results of their practice.
  • This CPE webinar is recommended for internal auditors in practice who want to explore best practices of internal auditing.

Who Should Attend?

  • Accountant
  • Accounting and audit managers/practitioners
  • Accounting Firm
  • Auditors
  • Certified Management Accountant (CMA)
  • Certified Public Accountant (CPA)
  • Chartered Professional Accountant
  • CPA (Industry)
  • CPA - Mid Size Firm
  • CPA - Small Firm
  • Forensic Accountant
  • Forensic Auditor
  • Risk Managers
  • Young CPA

Course Qualification

Webinar Qualifies For

  • 8 CPE Credit for Master Analyst In Financial Forensics (MAFF)
  • 8 CPE Credit for Internal Audit Practitioner (IAP)
  • 8 CPE Credit of Auditing for Certified Public Accountants (CPA-US)
  • 8 CPE Credit of Auditing for Certified Management Accountants (CMA)
  • 8 CPE Credit of Internal Auditing for Certified Internal Auditors (CIA)
  • 8 CPE Credit of Auditing for Certified Fraud Examiner (CFE)
  • 8 CPD Credit of Auditing for Certified Financial Forensics (CFF)
  • 8 CPE Credit for Certification in Risk Management Assurance (CRMA)
  • 8 CPE Credit for Qualification in Internal Audit Leadership (QIAL)
  • 8 CE Credit for Certified Fiduciary & Investment Risk Specialist (CFIRS)
  • 8 CE Credit for Certified Wealth Strategist (CWS)
  • 8 General Credit for Accountant/Bookeeper
  • 8 CPD Credit for CA - ICAEW
  • 8 CPD Credit for Chartered Certified Accountants (ACCA)
  • 8 CPD Credit for Chartered Accountants - Ireland (CAI)
  • 8 CPD Credit for Chartered Accountants - Scotland
  • 8 CPD Credit for CPA - Ireland
  • 8 CPE Credit for Certified Government Auditing Professional (CGAP)
  • 8 CPE Credit of Auditing for Certified Valuation Analyst (CVA)
  • 8 CPE Credit of Auditing for Certified Business Appraiser/Master Certified Business Appraiser (CBA/MCBA)

Additional details

  • Course Level :
    Basic
  • Credits :
    8
  • Instructional Method :
    QAS Self Study
  • Pre-requisites :
    None
  • Advance Preparation :
    None

NASBA APPROVED

MY-CPE LLC, 1600 Highway 6 south, suite 250, sugar land, TX, 77478

MY-CPE LLC (Sponsor Id#: 143597) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.NASBARegistry.org.

Presenter

About Presenter

Tali Ploetz, CPA, CIA, CFE, CRCM, CTP

Professional Speaker & Executive Consultant, GoldSRD

Tali Ploetz is an industry recognized expert in Governance, Risk, Internal Audit, Fraud and Compliance.  Her personal mission is to provide practical training and advice designed to strengthen team member skillsets and improve corporate internal control environments to ultimately prevent issues / internal control breakdowns by delivering coursework covering:  

  • Leadership & Executive Presence
  • Executive Communication and Political Savvy
  • How Regulatory Compliance Impacts Internal Controls and Expense Initiatives
  • Negotiation with Examiners and Auditors
  • Finding Breakdowns in Processes & Calculating the Impact on Internal Controls

GoldSRD clients will benefit from her executive perspective, which provides a strong foundation geared specifically toward moving risk, compliance and internal audit team members to the next level.

  • Experienced financial services executive leader
  • Director for multiple for and non-profit Boards of Directors
  • Experienced negotiator with federal examiners
  • Recognized IIA All-Star Conference speaker
  • Keynote speaker / master of ceremonies (emcee)

Ms. Ploetz has more than 27 years of financial services industry experience.  Most notably:

  • Chief Compliance Officer for Think Finance
  • SVP Enterprise Risk Management at Santander Consumer USA
  • VP of Operations Audit, General Motors Financial Company
  • VP of Internal Audit for Bank One, NA

Ms. Ploetz maintains multiple certifications: Certified Public Accountant, Certified Internal Auditor, Certified Fraud Examiner, and Certified Regulatory Compliance Manager and Certified Treasury Professional. She’s a graduate from University of Texas at Arlingtonwith dual degrees in Accounting and Marketing.

About Company

GoldSRD focuses its efforts on three core practices in addition to special projects:

- Staff Augmentation: We have a vast network of very capable and experienced temporary employees that fill your organization’s needs within 72 hours of the request. Our process is differentiated from competitors due to the in-depth review process we perform on candidates.

- Executive Recruiting: Due to our expansive network of very capable and experienced resources, we are able to target not only the right background but ideal personality fit to fill your organization’s needs.

- Professional Development: Our Founder, Danny M. Goldberg, is a renowned speaker and trainer on internal audit, accounting, finance, and soft skills. We have over 100 full-day courses and can customize to your needs. These courses include topical matters on Internal Audit, Audit, Finance and People-Centric© (Soft Skills). With over 100 professional organizations and 30 Fortune 1000 customers, we have the experience and know-how to create a successful, fun, interactive and objective-based course.

Faq

FAQs content

  • To receive Continuing Education credit for the event, you must register for the webcast prior to the start of each program.
  • Continuing Education Credit Certificate is available to all eligible participants within 24 hours of each webinar.
  • You must attend complete live webinar and respond to all polling questions asked during the webinar. Credits would be issued on 50 minute credit hour basis.
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  • This event may be a recorded rebroadcast of a live event done in past and the instructor will be available to answer your questions during/after the webinar.
  • If you still face the polling problem please don’t panic and provide your response in the chat and we shall consider the same for processing for credits. You can download Zoom by clicking on the mentioned link : https://zoom.us/download
  • Our courses meet the global Continuing Professional Development (CPD-IES7) Standard for Chartered Accountants with International Education Standard 7 (IES 7) set by The International Federation of Accountants (IFAC), the International Accounting Education Standards Board (IAESB) and the Association of Chartered Certified Accountants (ACCA). Based on our accreditation by existing IFAC members and affiliates, we believe learners can count their professionally relevant, verifiable learning activities on myCPE, including taking on demand courses and attending live webinars, toward fulfillment of their verifiable CPD-IES7 requirements. However, if there is any question, we recommend that the individual learner confirm with his/her professional licensing organization before taking myCPE courses for CPD-IES7 credit.
  • You can manage your continuing education certificates and credits through your certificate dashboard which is available when you are logged in to your account (LOGIN)
  • As an accredited provider of Continuing Professional Education in the United States, myCPE online learning platform, courses, and webinars meet the requirements set forth by the Institute of Management Accountants (IMA), an IFAC Member Organization, as well as the National State Boards of Accountancy (NASBA) and the Institute of Internal Auditors (IIA), both IFAC Affiliates. As well as it has been approved by NASBA, Internal Revenue Service (IRS), Certified Financial Planner Board (CFP Board), California Tax Education Council (CTEC), Society of Human Resource Professional (SHRM), Human Resource Certification Institute (HRCI) and many more.Therefore, we believe learners can count their professionally relevant, verifiable learning activities on myCPE, including taking on demand courses and attending live webinars, toward fulfillment of their verifiable continuing education requirement as CPD-IES7 requirements. However, if there is any question, we recommend that the individual learner confirm with his/her professional licensing organization before taking myCPE courses for CPD-IES7 credit.
  • myCPE Courses are taken by : CPA | CMA | CFE | CIA | CPA(Yellow Book)| CFP | CFA | CPA (Govt.) | EA | CRTP | MRTP | ORTP | ABV | CITP | CVA | PFS | CFF and others.

Ratings and Review

4.1

8 Ratings

Excellent

2

Very Good

5

Average

1

Poor

0

Terrible

0

SL

Spencer Lay, CPA (US)

Feb 25th, 2022

The webinar was fine, but the review and quiz questions were poorly worded and confusing.

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