CAACertificate in Agile Auditing
Rating:
English
Intermediate
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Course Overview
In recent years, many internal audit departments encountered frequent situations where they were forced to alter and amend their Internal Audit Plans. This process has become so repetitive that no Internal Audit Plan was being fully implemented within its pre-approved timeline. While the process is normal and expected, the frequency of these changes is not.
These changes are attributable to the continuous challenges organizations are facing as a result of emerging global, environmental, regulatory and industry specific risks.
In a post Covid-19 era, the emerging challenges and risks are going to increase exponentially as we enter a blue ocean of challenges for which modern organizations have not previously been exposed to. This will significantly impact the way organizations are going to be governed and managed.
The Internal Audit Profession has proved to be a progressive profession based on forward thinking and addressing challenges before they happen. Hence, the internal audit profession will further seek to adapt to these changes and find ways for which it can fulfil its professional objectives in alignment with changes in organizational governance.
To assist internal auditors in achieving these objectives, Agile Internal Auditing has become a popular approach to enable internal auditors to become more effective, efficient, risk focused, flexible and driven by strategic objectives and organizational value.
This program has been tailored to assist internal audit professionals in understanding the Agile Internal Auditing Methodology and illustrating to them the different means by which they can make the transition effectively.
Keeping mind that going agile is more about mindset, culture and approach, we detail below the different topics we will address in this training.
These changes are attributable to the continuous challenges organizations are facing as a result of emerging global, environmental, regulatory and industry specific risks.
In a post Covid-19 era, the emerging challenges and risks are going to increase exponentially as we enter a blue ocean of challenges for which modern organizations have not previously been exposed to. This will significantly impact the way organizations are going to be governed and managed.
The Internal Audit Profession has proved to be a progressive profession based on forward thinking and addressing challenges before they happen. Hence, the internal audit profession will further seek to adapt to these changes and find ways for which it can fulfil its professional objectives in alignment with changes in organizational governance.
To assist internal auditors in achieving these objectives, Agile Internal Auditing has become a popular approach to enable internal auditors to become more effective, efficient, risk focused, flexible and driven by strategic objectives and organizational value.
This program has been tailored to assist internal audit professionals in understanding the Agile Internal Auditing Methodology and illustrating to them the different means by which they can make the transition effectively.
Keeping mind that going agile is more about mindset, culture and approach, we detail below the different topics we will address in this training.
Key Takeaways
1
Understand what Agile Auditing is
2
Understand the different stages of the Agile audit methodology
3
Learn the difference between the waterfall vs. Agile methodology
4
Learn how to develop the Internal Audit Plan using Agile
5
Execute internal audit reviews using Agile
National Association of State Boards of Accountancy
LEORON Professional Development Institute DMCC 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
Course Outline
Part 1
Introduction
→ What is the Agile methodology and where did it come from?
→ How is the Agile methodology applicable to Internal Audit?
→ What is the Agile Internal Audit Methodology?
→ Agile Internal Auditing & The IIA Standards.
→ The case for data analytics for effective Agile Auditing.
→ The evolving nature of the Internal Audit Profession
→ Organizational & internal audit culture – a major success factor for Agile Auditing.
→ Measuring internal audit value – key challenges
→ Agile Auditing not just for Internal Auditors
– How to engage the Audit Committee & Process Owners.
→ How is the Agile methodology applicable to Internal Audit?
→ What is the Agile Internal Audit Methodology?
→ Agile Internal Auditing & The IIA Standards.
→ The case for data analytics for effective Agile Auditing.
→ The evolving nature of the Internal Audit Profession
→ Organizational & internal audit culture – a major success factor for Agile Auditing.
→ Measuring internal audit value – key challenges
→ Agile Auditing not just for Internal Auditors
– How to engage the Audit Committee & Process Owners.
Part 2
The Agile Audit Methodology
→ The Agile Manifesto
→ Agile Project Management
→ Agile Methodology
→ Waterfall vs. Agile Methodology
→ Agile Internal Auditing
→ Scrum Process
→ Internal Audit Execution Using Scrum
→ Agile Project Management
→ Agile Methodology
→ Waterfall vs. Agile Methodology
→ Agile Internal Auditing
→ Scrum Process
→ Internal Audit Execution Using Scrum
Applying Agile Auditing to Risk Assessment & Internal Audit Planning
→ Applicable IIA Standards
• 2000 – Managing the Internal Audit Activity
• 2010 – Planning
• 2020 – Communication and Approval
• 2030 – Resource Management
• 2040 – Policies and Procedures
→ Key Topics
• Key concepts and elements of internal audit.
• Macro Vs. Micro level risk assessment.
• High-level risk management concepts.
• Key objectives of internal control.
• Components of the COSO Framework.
• Role of Internal Audit in Corporate Governance.
→ Risk Assessment & Internal Audit Planning
• Objectives of the risk assessment process.
• Different types of risk assessment methodologies.
• The objective of internal audit planning.
• Resource allocation
• 2000 – Managing the Internal Audit Activity
• 2010 – Planning
• 2020 – Communication and Approval
• 2030 – Resource Management
• 2040 – Policies and Procedures
→ Key Topics
• Key concepts and elements of internal audit.
• Macro Vs. Micro level risk assessment.
• High-level risk management concepts.
• Key objectives of internal control.
• Components of the COSO Framework.
• Role of Internal Audit in Corporate Governance.
→ Risk Assessment & Internal Audit Planning
• Objectives of the risk assessment process.
• Different types of risk assessment methodologies.
• The objective of internal audit planning.
• Resource allocation
Part 3
Applying Agile Auditing to Internal Audit Execution
In all our internal audit courses we always send a direct and a clear message to our trainees “A flawed process understanding results in a flawed internal audit review”.
Many internal auditors fall into the trap of allocating minimal time on process understanding and deep diving directly into internal control testing. This habit has severe implications such as:
→ Key controls going undetected and therefore untested.
→ Key control design deficiencies going unnoticed
→ Not identifying unmitigated process risks
→ Missing out on essential opportunities for data analytics
→ Not identifying essential areas where process effectiveness can be significantly improved.
Agile auditing adopts a different notion to process understanding than the one Internal Auditors are typically used to and therefore we address here how this critical process will be conducted within an Agile Auditing Methodology.
Internal audit testing & execution will also be altered in the way they are conducted and we highlight key differences in approaches to be adopted for testing of internal controls within an Agile Auditing Methodology.
→ Applicable IIA Standards
1120 – Individual Objectivity
• 1200 – Proficiency & Due Professional Care
• 2200 – Engagement Planning
• 2201 – Planning Considerations
• 2210 – Engagement Objectives
• 2220 – Engagement Scope
• 2230 – Engagement Resource Allocation
• 2240 – Engagement Work Program
• 2300 – Performing the Engagement
• 2310 – Identifying Information
Many internal auditors fall into the trap of allocating minimal time on process understanding and deep diving directly into internal control testing. This habit has severe implications such as:
→ Key controls going undetected and therefore untested.
→ Key control design deficiencies going unnoticed
→ Not identifying unmitigated process risks
→ Missing out on essential opportunities for data analytics
→ Not identifying essential areas where process effectiveness can be significantly improved.
Agile auditing adopts a different notion to process understanding than the one Internal Auditors are typically used to and therefore we address here how this critical process will be conducted within an Agile Auditing Methodology.
Internal audit testing & execution will also be altered in the way they are conducted and we highlight key differences in approaches to be adopted for testing of internal controls within an Agile Auditing Methodology.
→ Applicable IIA Standards
1120 – Individual Objectivity
• 1200 – Proficiency & Due Professional Care
• 2200 – Engagement Planning
• 2201 – Planning Considerations
• 2210 – Engagement Objectives
• 2220 – Engagement Scope
• 2230 – Engagement Resource Allocation
• 2240 – Engagement Work Program
• 2300 – Performing the Engagement
• 2310 – Identifying Information
Applying Agile Auditing to Internal Audit Report Writing
→ Applicable Internal Audit Standards
• 2400 – Communicating Results
• 2410 – Criteria for Communicating
2420 – Quality of Communications
2421 – Errors and Omissions
2430 – Use of “Conducted in
Conformance with the International Standards for the Professional Practice of Internal Auditing”
2431 – Engagement Disclosure of Nonconformance
• 2440 – Disseminating Results
• 2450 – Overall Opinions
→ Internal Audit Report Writing
• The Importance of the Internal Audit Report as the Departments Final Product
• Understanding your audience
• Report Content & Structure
• Effective internal audit execution resulting in high quality internal audit reports
• Internal Audit Report Content & Structure
• Report Issuance Standards
• Different Writing Styles
The Executive Summary – A Key Dimension of Successful Writing
• Drafting a concise, clear and constructive internal audit observation.
• Drafting an actionable internal audit recommendation
• Using tables, graphs and charts as part of the internal audit report.
• The Organized thought-process
• 2400 – Communicating Results
• 2410 – Criteria for Communicating
2420 – Quality of Communications
2421 – Errors and Omissions
2430 – Use of “Conducted in
Conformance with the International Standards for the Professional Practice of Internal Auditing”
2431 – Engagement Disclosure of Nonconformance
• 2440 – Disseminating Results
• 2450 – Overall Opinions
→ Internal Audit Report Writing
• The Importance of the Internal Audit Report as the Departments Final Product
• Understanding your audience
• Report Content & Structure
• Effective internal audit execution resulting in high quality internal audit reports
• Internal Audit Report Content & Structure
• Report Issuance Standards
• Different Writing Styles
The Executive Summary – A Key Dimension of Successful Writing
• Drafting a concise, clear and constructive internal audit observation.
• Drafting an actionable internal audit recommendation
• Using tables, graphs and charts as part of the internal audit report.
• The Organized thought-process
Who Should Attend?
This highly practical and interactive course has been specifically designed for
→ Internal Audit Professionals
→ Chief Audit executives
→ Audit managers
→ Audit staff
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FAQ
What language will the course be taught in and what level of English do I need to take part in an LEORON training program?
Most of our public courses are delivered in English language. You need to be proficient in English to be able to fully participate in the workshop and network with other delegates. For in-house courses we have the capability to train in Arabic, Dutch, German and Portuguese.
Are LEORON Public courses certified by an official body/organization?
LEORON Institute partners with 20+ international bodies and associations.We also award continuing professional development credits (CPE/PDUs) for:1. NASBA (National Association of State Boards of Accountancy) 2. Project Management Institute PDUs 3. CISI credits 4. GARP credits 5. HRCI recertification credits 6. SHRM recertification credits
What is the deadline for registering to a public course?
The deadline to register for a public course is 14 days before the course starts. Kindly note that occasionally we do accept late registrations as well, but this needs to be confirmed with the project manager of the training program or with our registration desk that can be reached at +1071 4 1075 5711 or register@leoron.com.
What does the course fee cover?
The course fee covers a premium training experience in a 5-star hotel, learning materials, lunches & refreshments, and for some courses, the certification fee and membership with the accrediting bodies.
Does LEORON give discounts?
Yes, we can provide discounts for group bookings. If you would like to discuss a discount on a corporate level, we will be happy to talk to you.