Course description
Have you ever reviewed an audit finding issued in a prior audit year and questioned what the auditors were trying to achieve? This course takes attendees through key elements for creating “value-added” findings that deliver results. We will discuss what it takes to complete a detailed root cause analysis and review the basic components of a finding. From there we will go to a deeper level and cover the different types of findings, when to consider implications associated with long-term finding resolution, how to navigate project management backlogs, and addressing audit committee implications for delayed management action plans.
Upcoming start dates
Who should attend?
Auditors with any level of audit experience who want to understand and utilize leading practices in internal auditing (NASBA Field of Study: Auditing)
Course delivery details
Objectives:
- Discuss the elements of an audit finding
- Discuss when and if a control weakness is a finding or just a verbal comment
- Review internal audit industry requirements for issuing and managing audit findings
- Compare and contrast an audit finding vs a “value- added” audit finding
- Discuss how to conduct root cause analysis
- Discuss why auditors should anticipate management’s action plans
- How to revise findings that require long-term action plans
- How to help management navigate project management backlogs
- Discuss when and how to address audit committee implications for delayed management action plans
Why choose GoldSRD?
Professional Trainers that know how to engage everyone
100% Client Retention
280+ full day courses
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GoldSRD
GoldSRD is a leading provider of high-quality, interactive professional development. We have over 200 full-day courses on technical capabilities (Internal Audit, Accounting, Finance, IT Audit and Microsoft-Office specific courses) and People-Centric (“soft”) skills. Our Founder, Danny M. Goldberg, is a...