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Foundations for a Strong Internal Audit Department

Wednesday, 16 January 2019 11:30 AM PST, 02:30 PM EST

Training Duration = 90 min                  Sponsored by Online Compliance Panel

Click Here to register $200.00

Click Here to register and receive CD recording $400.00

Part of the continuing series of internal audit best practices, this session will provide insight on the realities of internal audit management roles, and the elements needed to build a strong internal audit department to provide the most value for your company.

The Institute of Internal Auditors (IIA) has done a tremendous job raising the profile of the auditing profession. As auditors, we strive to abide by the standards and guidelines.

But have you ever asked management within your company if they knew such standards existed? Do they truly understand the concepts of risk-based auditing, independence, and obligations to the board or charter requirements? It is surprising how so many of these basic concepts are taken for granted by auditors and we assume that management is aware.

Learning Objectives:

  • Explore critical components of upholding your internal audit charter
  • Evaluate the definition and requirements of risk based auditing
  • Determine the meaning of developing an independent audit plan
  • Understand how to deal with management when they respond negatively to an issue

Why Should You Attend:

Individuals considering an internal audit management role should understand the challenges as well as benefits that may be presented to them within this role. It is critical that certain elements of the job be well understood by those holding the positions.

This session is designed to step into the reality of the internal audit management role, and discuss some of the concepts that aren't always openly discussed within organizations--but are important concepts the internal audit manager should ensure they can clarify with management and be prepared to address on the job.

Areas Covered

  • Insight on the realities of internal audit management roles
  • Elements needed to build a strong internal audit department to provide the most value for your company
  • Identify critical components of upholding your internal audit charter
  • Recognize how to best articulate the definition and requirements of risk based auditing
  • Identify requirements to developing an independent audit plan
  • Describe how to deal with management when they respond negatively to an issue

Instructor

Ms. Lynn Fountain has over 30 years of experience in business profession including, public and industry accounting, leadership, compliance, governance and internal/external audit. Her career has included serving in the capacity of Chief Audit Executive for two international companies. In addition, she has successfully executed her own consulting practice for over six years. 

Her initiatives in Internal Audit and Enterprise Risk Management have been highlighted in various professional publications. Ms. Fountain is a subject matter expert in areas of internal audit, risk management, governance, fraud and compliance.

Ms. Fountain is a highly recruited international trainer and speaker for multiple conference groups and the Institute of Internal Auditors. She currently hosts two e-workshop series for the IIA on fraud and ethics. In addition, she is currently contracted to complete a publication for the IIA Research foundation on Fraud.