Managing the Internal Audit
Department
Introduction:
New business
risks, governance, globalization, and the continuing demands of senior
management for value-added services combine to make the job of an IA manager
more and more demanding. This comprehensive course is a road map to developing
or maintaining an audit department that is ready to meet the challenges of this
evolving business environment. You will build on the key responsibilities of
the audit manager and explore best practices in internal auditing today.
Focusing on establishing a mission statement and strategic plan for IA, you
will cover how to set attainable objectives and goals; reacting to changing
risk/control relationships; marketing IAs services; structuring the audit
department; and the annual audit planning process.
Course
Objectives:
By the end of
this course delegates will be able to:
Who
Should Attend?
Internal Auditors, Financial &
Operational Auditors, Finance Personnel, External Auditors, Audit Managers and
Supervisors, IT Auditors, Senior and In-Charge Auditors, Team Leaders and
Directors
Course
Outline:
The Critical Role of the Audit Director / Manager
· Traditional roles, new responsibilities: addressing ERM and
globalization
· Strategically acceptable organizational reporting
· Strategies that will help your department maximize its value
Developing an Effective Mission/Vision Statement
· Maintaining professional standards
· Building flexibility into the plan to allow Audits role to evolve
· Incorporating consulting
· Business unit initiatives
· Pre-implementation teams
· Incorporating governance and ethics roles
· Knowing your business ERM process
Developing Strategic and Risk-Based Annual Business Plans
· Ensuring your plan is flexible enough to respond to new ERM challenges
· Creating plans that address senior managements and the audit committees
goals
· Ensuring your ERM strategy addresses fraud, IT and SOX risks
· Blending long-term strategic plans with short-term annual plans
· Applying the roll-forward concept to your annual plan
Corporate Governance
· The impact of Sarbanes-Oxley and PCAOB on managing the IA department
· Role of IA in fraud prevention
· Proactive and strategic roles for IA
· Maintaining the tone at the top
· Key areas of exposure
· Global compliance
Building Relationships: Marketing and Selling Internal Audit
· Making sure IA isn’t the organizations best-kept secret
· More than 100 proven strategies for selling IA
· Making marketing a departmental effort
Audit Committee Relationships
· Best practices
· Education new members
· 10 pitfalls to avoid
Attracting and Keeping the Right People with the Right Stuff
· Innovative ways to find new talent, strategies for managing and
balancing turnover
· Retaining and motivating talented staff
Co-Sourcing
· Getting the most out of resources within the rest of the organization
· Big four vs. non-big four, attest vs. non-attest firm
· One vs. multiple firms, fee vs. recovery agreements
· Domestic vs. international coverage
· Managing costs
Minimizing Departmental Administration
· Eliminating inefficient and outdate procedures
· Taking a zero-based approach
Improving the Productivity of the Audit Process
· Planning smarter
· Testing less
· Thinking report from day one
· Making individual audits risk-based
Incorporating Best Practices throughout the Department
IAs Role in High-Profile Situations and What Went Wrong
| Code | From | To | City | Fee | |
|---|---|---|---|---|---|
| AP11 | 13 Jan 2020 | 24 Jan 2020 | New York | US$ 9000 | Book |
| AP11 | 23 Mar 2020 | 03 Apr 2020 | London | US$ 8000 | Book |
| AP11 | 10 May 2020 | 21 May 2020 | Cairo | US$ 6500 | Book |
| AP11 | 27 Jul 2020 | 07 Aug 2020 | Barcelona | US$ 8500 | Book |
| AP11 | 20 Sep 2020 | 01 Oct 2020 | Jeddah | US$ 7000 | Book |
| AP11 | 16 Nov 2020 | 27 Nov 2020 | Kuala Lumpur | US$ 7500 | Book |
|
DUBAI OFFICE
Ittihad Deira Building, |
USA OFFICE 642 E14 Street,10009-13 Manhattan, New York (NY) USA info@petrogas-training.com |
EGYPT OFFICE 52 General Kamal Hejab Street,Suez Bridge, Cairo, Egypt info@petrogas-training.com |
Certificate of Completion will be provided to the candidate(s) who successfully attend and complete the course. Training hours attendance percentage of 75% is required.
Standard course hours: 8:30 A.M. to 3:30 P.M. Informal discussions: 4:30 P.M. to 5:30 P.M.
We use a blend of interactive and hands-on methods, active participation, a variety of instructional techniques, dynamic presentations, individual and group exercises, in depth discussion, DVD’s, role-plays, case studies, examples. All of the information, competencies, knowledge and skills acquired within our training programs, are 100% transferrable to the participants’ workplace.
Pre-Test and Post-Test Assessment are applied on 5-day and 10-day programs. Also, post course evaluation and candidate’s evaluation are applied to add another level of quality measurement. Candidates’ feedback is highly appreciated to elevate the training service quality.
A- Have staff trained in the latest training and development approaches
B- Support nationalization and talent management initiatives
C- Have properly trained and informed people who will be able to add value
D- Gain relevant technical knowledge, skills and competencies
A- Develop job related skills
B- Develop personal skills in subject matter
C- Have a record of your growth and learning results
D- Bring proof of your progress back to your organization
F- Become competent, effective and productive
G- Be more able to make sound decisions
H- Be more effective in day to day work by mastering job-related processes
I- Create and develop competency to perform job well
A- 10% discount after 05 candidates’ registration.
B- 15% discount after 10 candidates’ registration.
C- 20% discount after 20 candidates’ registration.
D- 25% discount after 25 candidates’ registration.
E- 30% discount after 30 candidates’ registration
F- Higher discount rates will be offered based on work volume with different clients.
A- One extra free seat is offered on 4 candidates on the same course and dates.
B- Two extra free seats are offered on 6 candidates on the same course and dates.
C- Three extra free seats are offered on 8 candidates on the same course and dates.
D- Four extra free seats are offered on 10 candidates on the same course and dates.
E- Five extra free seats are offered on 12 candidates on the same course and dates.
Nominations to our public courses are to be processed by the client’s Training and/or HR departments. A refund will be issued back to the client in the event of course cancellation or seat unavailability. A confirmation will be issued to the relevant department official(s).
If a confirmed registration is cancelled less than 5 working days prior to the course start date, a substitute participant may be nominated to attend the same course or a 20% cancellation charge is applied. In case of a no-show, a 100% fee will be charged.
PAYMENT POLICY
Payment is due upon receiving the course confirmation, invoice and/or proforma invoice. However; the fee due can be wire transferred to our bank account directly after course completion. Our bank details are illustrated on the confirmation, invoice and proforma invoice, as well. The above documents can be communicated electronically, i.e., in a soft copy or/and in hard copy based on customer’s request.
COPYRIGHT
© 2017. Material published by PETROGAS shown here is copyrighted. © 2017. All rights reserved. Any unauthorized copying, distribution, use, dissemination, downloading, storing in any medium, transmission, reproduction or reliance in whole or any part of this course outline is prohibited and will constitute an infringement of copyright.
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