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Optimizing Internal Audit

  • Accountant
  • CRMA
  • CPA/CFF
  • CFE
  • CGAP
  • CGFM
  • CIA
  • CMA
  • CPA (US)
  • CVA
  • IAP
  • QIAL
  • CBA/MCBA
  • CFIRS
  • CWS

Published: September, 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

  • Effective Teams (As Determined by Marshmallow Challange)
    10 mins
  • Audit Execution Team
    28 mins
  • What is Risk Based Auditing?
    43 mins
  • What Controls Address this risk?
    62 mins
  • Management Monitoring Control?
    83 mins
  • Optimizing Workpapers
    116 mins
  • Board Reporting
    149 mins

Course Description

Internal auditing is an independent, objective assurance and consulting activity designed to add value and improve an organization’s operations. It helps an organization accomplish its objectives by bringing a systematic, disciplined approach to evaluate and improve the effectiveness of risk management, control, and governance processes.

Many organizations are feeling the increased weight of responsibility for assessing and managing enterprise risks. Evolving compliance and governance challenges are forcing organizations to ensure that their internal audit functions are operating effectively and efficiently. Internal auditors must make certain that risk management, internal controls and governance processes are accomplishing business objectives and meeting stakeholder expectations. If you're going to improve the value and effectiveness of your internal audit function, you need a comprehensive understanding of the specific objectives, risks, and priorities relevant to your organization.

Before you can increase the effectiveness of your internal audit function you need to highlight the following Issues that you may be facing:

  • Whether your internal audit function follows outdated routines and practices.
  • Whether your internal audit function is slow to respond to changes in your business.
  • Whether the current structure of your internal audit function is not appropriate to meet your requirements.
  • Whether your internal audit function is under capacity.
  • Whether you have a weak internal control environment.
  • Whether there is little or no reliance placed on internal audit findings and initiatives.
  • Whether your internal audit function is not seen as independent and objective.
  • Whether there is a low use of technology within internal audit.
  • Whether your internal audit function needs to be benchmarked

This CPE course is designed to provide the required understanding and insight into understanding, designing, managing and monitoring internal audits. Internal audits are critical to all aspects of financial, operational and compliance processes. For businesses to succeed in today’s global economy, professionals must be able to distinguish quickly between everyday tasks and internal audit requirements. This continuing education course takes a comprehensive and in-depth look at critical principles and real-world scenarios involved in the management of your internal audit processes and procedures.

This CPE webinar explores the key competencies and responsibilities of today's internal audit management and methods for meeting the requirements of the internal audit profession. In this CPE webinar we will also discuss some of the greatest challenges of the role and how to address those challenges.

A forward-looking audit function should provide insight, oversight and foresight around an organization's current and future risks and controls, especially in today’s fast-paced, “innovate or die” business environment. Data and technology-enabled business transformation is occurring at a pace we have not previously seen. Internal audit must respond to stay relevant, not just in its risk-assurance role, but in the way it organizes itself, manages resources, delivers its services, and makes use of data and technology.

In this online CPE webinar, you will learn to optimize the entire internal audit function and the major topics that are highlighted in this CPE webinar:

  • How to optimize teams and client relationships
  • How to optimize processes
  • How to optimize audit plan
  • How to optimize audit tools and templates

Click here to access more CPE courses on Accounting and Auditing.

Learning Objectives

  • To explore critical components of upholding your internal audit charter.
  • To evaluate the definition and requirements of risk-based auditing.
  • To determine the meaning of developing an independent audit plan.
  • 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.
  • To identify how to develop a resource gap analysis for internal audit.
  • To describe the challenges faced by internal audit organizations
  • To describe a vision for the next generation of internal audit
  • To outline the skills required for the next-generation internal auditor

Recommended For

  • This CPE course is recommended for CPAs, CIAs, CRMAs, Risk managers, and Other Professionals providing service of internal audits to the organizations and desire to optimize their internal audit process for achieving best results.

Who Should Attend?

  • Accountant
  • Accounting Firm
  • Accounting Managers
  • Cloud Accountants
  • CPA (Industry)
  • CPA - Mid Size Firm
  • CPA - Small Firm
  • CPA in Business
  • Entrepreneurial CPA
  • Senior Accountant
  • Staff of Accounting Firm
  • Young CPA

Course Qualification

Webinar Qualifies For

  • 3 CPE Credit of Auditing for Qualification in Internal Audit Leadership (QIAL)
  • 3 CPE Credit of Auditing for Internal Audit Practitioner (IAP)
  • 3 CPE Credit of Auditing for Certified Public Accountants (CPA-US)
  • 3 CPE Credit of Internal Auditing for Certified Internal Auditors (CIA)
  • 3 CPE Credit of Auditing for Certification in Risk Management Assurance (CRMA)
  • 3 CE Credit for Certified Fiduciary & Investment Risk Specialist (CFIRS)
  • 3 CE Credit for Certified Wealth Strategist (CWS)
  • 3 General Credit of Auditing for Accountant/Bookkeeper/Tax Professionals
  • 3 CPE Credit of Auditing for Certified Fraud Examiner (CFE)
  • 3 CPE Credit of Auditing for Certified Government Auditing Professional (CGAP)
  • 3 CPE Credit of Auditing for Certified Government Financial Manager (CGFM)
  • 3 CPE Credit of Auditing for Certified Management Accountants (CMA)
  • 3 CPE Credit of Auditing for Certified Valuation Analyst (CVA)
  • 3 CPE Credit of Auditing for Certified Business Appraiser/Master Certified Business Appraiser (CBA/MCBA)
  • 3 CPD Credit of Auditing for Certified Financial Forensics (CFF)

Additional details

  • Course Level :
    Basic
  • Credits :
    3
  • 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

Linh Truong

Director, GoldSRD

Linh Truong is currently an executive advisor and professional speaker focusing on topics including governance, corporate culture and auditing best practices. Linh was formerly the Chief Audit Executive (CAE) at Orthofix Medical, a global medical device company focused on improving patients' lives by providing superior reconstructive and regenerative orthopedic and spine solutions to physicians worldwide. Linh has 30 years of audit / consulting experience including being the former CAE of Kosmos Energy and Alon USA where she built the respective audit functions from ground zero, including developing all templates for risk assessments, audit programs, audit reports, and Board Audit Committee presentations.  

She has also worked at Hunt Oil, ACS (now Xerox), Credit Suisse Group, and KPMG. Her audit career has provided her the opportunity to live and work in Germany and Switzerland for four years as well as travel throughout the United States, Canada, Europe, parts of Africa and Yemen. She has spearheaded Fraud Risk Assessments and Enterprise Risk Management (ERM) initiatives at multiple companies. She has implemented first year SOX at three companies and have streamlined SOX compliance efforts, saving millions of dollars. She has been a speaker at many IIA training events, including the IIA GAM’s Conference in 2019 and the International Conference in 2020, as well as for ISACA and MISTI.


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.
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  • 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

4.3

20 Ratings

Excellent

10

Very Good

7

Average

2

Poor

1

Terrible

0

DF

David Fix, CFE, CPA (US)

Dec 2nd, 2021

Overall good background of internal audit from an experienced auditor

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