Present. 5th May - Chennai. Internal. auditing. today: Beginning Auditor Tools and Techniques. 6 CPE hours.

Transcription

1 Present 5th May - Chennai Internal auditing today: Beginning Auditor Tools and Techniques 6 CPE hours

2 About the Seminar To become a successful auditor, a strong base of knowledge and an understanding of basic audit skills are essential. With this program, new auditors, as well as nonauditors with internal control responsibilities, can learn the ins-and-outs of an audit from beginning to end. Through team exercises, group discussion, and facilitator presentations, attendees will gain a foundation of knowledge that will allow them to prepare properly for and conduct a successful audit, using preliminary surveys and evidence-gathering techniques. A basic understanding of how to identify risks and internal controls in auditing will also be stressed, along with interpersonal and team-building skills. Who should attend Internal Audit Professionals Risk Professionals Forensic Professionals Junior and Middle Management Program Outline International Professional Practices Framework (IPPF) The new IPPF an effective way to Internal Auditing Principles Code of ethics Attribute Standards Performance Standards Beginners Tools & Techniques Internal Auditing Today Discuss some of the best practices within internal audit today. Identify core services and value added opportunities provided by internal audit. Identify the roles of internal auditors. List internal audit s customers and stakeholders. Determine the activities that occur within each stage of the audit model. Certificate from IIA India risk Assessment & Risk Management Mitigate risks to help ensure management directives are carried out. Use impact and likelihood factors to assess risk. Define risk management concepts and terms. Identify controls for mitigating risks to strategic objectives. Evaluate control issues using the COSO Framework. Identify strengths, gaps, and concerns of an internal control environment. Audit Planning Discuss the audit planning process. Identify IPPF guidance related to the planning phase of an audit. Assess the likelihood and impact of high-level inherent risks. Explain activities involved in planning audit projects. Discuss planning the audit approach. Assess roles in annual audit planning and audit project planning. Assess preliminary scope area. Discuss objectives and best practices for opening conferences.

3 Interviewing Explain how interviewing is used within an audit. Describe the uses, objectives, and expected outcomes of interviews at each stage in the audit model. Discuss best practices for planning and conducting interviews. Identify best practices and opportunities for improvement in interviewing. Practice preparing for and conducting an interview. Prepare an interview based on a given scope-area objective. Process Documentation Contrast a basic narrative and a flowchart. Create a narrative or flowchart. Discuss the advantages of some best practices for narratives and flowcharts. Identify inconsistencies in flowcharts and narratives. Describe three types of walkthroughs. audit Program Describe the development and use of audit programs. Classify inherent impacts and likelihoods for various types of risks. Classify controls as preventive or detective, and as automated or manual. Identify control points and possible control gaps on flowcharts Complete a risk matrix. Determine which controls are key controls, and whether they should be tested during an audit. Assess testing objectives. Discuss tailoring audit programs. Assess roles in the development of audit programs. Automated Tools Testing Describe methodologies used to gather audit evidence. Define terminology related to sampling and testing. Contrast various types of sampling and testing approaches. Assess the appropriateness of varying sampling and testing approaches for the achievement of specific testing objectives. Describe the components of an audit workpaper. Draft an audit workpaper. Reporting Write an audit report using the five components. Recognize the components of an audit report. Determining the readers of audit reports. Assess the quality of an audit opinion. selling the Results Discuss methodologies for selling audit findings to stakeholders. Describe factors that help sell audit findings and recommendations. Prepare for selling an audit finding. Identify best practices and opportunities for improvement in exit conferences. Describe activities involved in monitoring an audit. Teamwork Explain how teamwork is essential to an audit project. Describe the value of various teamwork related factors. Examine how your own capabilities contribute to a team audit project.

4 Speakers Deepak Wadhawan FCA, CPA, CIA Chief Executive, The Institute of Internal Auditors India Deepak has 30 yrs of internal audit and risk management experience across industries and in different set ups as large professional firms including PwC, KPMG, in self practice & corporates. Current non-professional involvement in - review member of The IIA Research Foundation project titled - Maturity levels for Internal Audit Departments around the world scheduled for release on March 16, 2016 at the IIA North America GAM Conference. Giridhar Janardana President, IIA Madras Chapter & Partner, BlueRidge Consulting Services Giridhar holds a Bachelor s degree in Business Management (BBM), is a qualified Chartered Accountant (CA) from ICAI India, is a Certified information Systems Auditor (CISA), US and is a Lead Auditor (ISO 27001), BSI, UK. Giridhar is currently serving as President of Institute of Internal Auditors (IIA), Madras Chapter. IIA is a global association having members in 185 countries. He is also central council member of IIA, India. Giridhar has over 15 years of experience in the field of Business Process Consulting, ERM, IA, Corporate governance, SoX, Operational Audits, Application reviews, Revenue Assurance, process reviews. P K Ranganathan Vice President, IIA Madras Chapter Vice President- Risk Management & Internal Audit, Ashok Leyland Ltd Ranganathan has awarded Financial Leadership Award in 2012 by Institute of Public Enterprises, Hyderabad for his stellar role in Hinduja Foundries as CFO. Under his leadership, AL has achieved the Best Firm of the year Award in for Enterprise Risk Management practices awarded by CNBC TV18 & ICICI Lombard Ins. Co. He has achieved ISO Version Certification in 2015 for Information Security function of AL the first Automotive Company in India to achieve this distinction. Currently with Ashok Leyland, the Automobile Major in India, as Head(Vice President) of Governance function s comprising of IA, Risk Management & Information Security. Working with AL since Nov years experience in almost all functions in IA, Finance & Leadership positions; also handled Secretarial & Legal functions. K Vidhyadharan Senior Vice President, IIA India & Partner, Mountbatton& Co Senior Chartered Accountant with 35 years of Professional Experience and has Served in very Large Industries for 12 years. He is practicing Experience of 23 years. Vidhyadharan is Rank Holder in CA Intermediate. He is Specialising in Internal Audit, Financial Mgt, Due Diligence and is aguest Faculty in 6 major Institutions. He has presented Technical papers in National & International Seminars/Conferences and has Obtained BestPaper Award from ICAI. He is Senior Vice President of The Institute of Internal Auditors India, Mumbai, affiliated to IIA Inc, Florida, USA. AR Parthasarathy Past President, IIA Madras Chapter Partner, RGN Price & Co Uma Prakash Past President, IIA Madras Chapter Director, Capri Accounting & Professional Services Pvt Ltd

5 Registration Form Internal Auditing Today: Beginning Auditor Tools and Techniques Registration Fees Early Bird Fee:- INR 11,995 10,500 + service tax IIA Members Fee:- INR 9,500 + service tax Please register me for Chennai 5th May 2016 Conference fees include documentation, luncheon and refreshments. Delegates who attend all sessions will receive a Certificate of Attendance. Delegate Details: Delegate 1...Job Title... Mobile Delegate 2...Job Title... Mobile Delegate 3...Job Title... Mobile Company... Tel...Fax... Address: Cancellation and Refund Policy You must notify us by at least 48 hours in advance if you wish to send a substitute participant. Delegates may not share a pass between multiple attendees without prior authorization. If you are unable to find a substitute, please notify Achromic Point Consulting (APC) in writing up to 10 days prior to the conference date and a credit voucher valid for 1 year will be issued to you for the full amount paid, redeemable against any other APC conference. No credits or refunds will be given for cancellations received after 10 days prior to the conference date. APC reserves the right to cancel any conference it deems necessary and will not be responsible for airfare hotel or other costs incurred by registrants. No liability is assumed by APC for changes in program date content speakers or venue. Terms & Conditions:- Achromic Point holds all the rights to circulate and distribute the information discussed, shared and presented at the seminar.