Internal Audit Training, IT Audit Training Courses, Information Security Training - CPE Interactive

Continuing Professional Education for Audit, Assurance, & Info Security

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Course Description

As auditors, we perform assessments of our IT and business project management processes for controls, effectiveness, and efficiencies.  But do we practice what we preach four out audits?  We have all experienced audits with a duration well over budget.  Where did these audits go off course?

Good project life cycle concepts and project management are major components that ensure the timely execution of a project within scope.  Audits are projects and the same concepts can be used to assure timely completion of audits on budget within scope.  Understanding the value of project management techniques to managing audits and the importance of using critical thinking improves the audit process.

This course focuses on project management good-practices and relates them to the audit process.  Using the Closing the Loop Framework, we will define and walk through how to build a strong well-defined audit planning and execution process.

Your will discuss:

  • Project management concepts for managing audits
  • Effective audit reporting techniques
  • Audit performance metrics

Learning Objectives:

  • Improve the audit process
  • Achieve audit goals and objectives
  • Deliver audits on-time, on-budget, within scope

Course Outline

Fundamentals of Project Management

  • Project management phases
  • Project management good-practices

Audits as a Project

  • Audit processes as project components
  • Audit risk versus project risk

Managing Audit Resources Through Project Management

  • Identifying audit resources
  • Assessing resource reliability
  • Measuring and tracking resource value

Leveraging the Value of Project Management to Audit Success

  • Building objectives and deliverables
  • Defining phases and checkpoints
  • Framework for audit objectives and steps
  • Meeting audit standards

Audit Planning

  • Defining key deliverables
  • Aligning audit objectives to controls
  • Using the Closing the Loop Framework to enhance audit planning
  • Translating client requests into audit objectives and deliverables
  • Estimating resources and scheduling

Conducting the Audit

  • Managing the resources, budget, and scope
  • Managing scope creep and unnecessary procedures
  • Approving scope or critical path changes and modifying the schedule
  • Status reporting as a management vehicle

Monitoring and Evaluating Audit Performance

  • Performance measurement and maturity model concepts
  • Balancing audit risk and efficiency
  • Apply metrics to audit progress reporting and resource tracking
  • Defining quality requirements and building quality management into the audit process
  • Implementing quality assurance and control techniques

Audit Closure

  • Critical components for closure
  • Auditee involvement
  • Deliverables versus delivered

Reporting

Additional Information

Who Should Attend
  • Internal auditor management
  • Internal audit staff
Learning Level

Intermediate

Delivery

Group-Live & Group Internet-Based

Field

Auditing

Advanced Preparation

None

Recommended Prerequisites

Two or more years experience performing audits

Session Duration

Online: Two 3-hour sessions

On Site: 1 day

CPE Credits: 8