The following Neverest Internal Audit courses are offered in-house at your office or a designated off-site location at dates convenient for your team. Click below for course descriptions:
1 DAY – 7 PD HOURS
In an ever-changing world, maintaining the status quo is just not good enough. One must be creative and find new and innovative ways of doing things. Professional accountants are no exception. While not known for their creative prowess or imaginative thinking, many are starting to apply techniques that help them to think creatively.
This course is based on the principle that creativity can be learned and improved. It focuses on steps that professional accountants at all levels can take to improve their ability to find optimal solutions for the challenges they face. It starts with outlining approaches for correctly identifying and defining the challenge or opportunity at hand. It introduces techniques for stimulating “out-of-the-box” thinking and for identifying possible actions. It sets out a framework for selecting the best course of action and for developing an implementation plan for success.
2 DAYS – 14 PD HOURS
Managing an audit engagement successfully is a challenge. It depends in large measure on how well the person managing the audit understands and applies project management techniques. When the right techniques are properly applied, they help achieve an audit that is effective and efficient and truly adds value. Besides strengthening the organization, such results enhance the internal audit function’s stature in the mind of management and other stakeholders.
This course explains project management techniques and shows how they apply to managing an audit. It sets out techniques for defining an audit’s objectives and scope. It addresses how to plan an audit. It examines key aspects of executing an audit, including the supervising of audit staff, the documenting of audit work, the recording of audit findings, and the drafting of audit reports. Finally, it outlines steps for concluding – and learning from – an audit.
1 DAY – 7 PD HOURS
Every organization is faced by risk. Risk can harm the organization; and also provide opportunities from which the organization could benefit. The challenge for internal auditors is to provide an objective and independent opinion as to whether a suitable system of internal control is in place to mitigate the risks appropriately within the organization’s overall risk environment.
This workshop explores risk. It presents approaches for identifying individual risks. It explains risk and control matrices and demonstrates how to appropriately document inherent and residual risk assessments. In conjunction with risk, this workshop also explores internal control. It explores different types of controls. It discusses the limitation of controls as regards the mitigation of risks. It explains the COSO Internal Control Framework and demonstrates how the Framework can assist in identifying controls to mitigate risks appropriately in computerized and non-computerized environments. As it relates to risk and control, revisit approaches to process mapping and obtain tips for improved effectiveness and efficiency.
1 DAY – 7 PD HOURS
The key role of an internal audit function is to add value by improving the overall operations of the organization it audits. To fulfill this role, the function must continually strive for excellence in all that it does. These facts are reflected in the Professional Practices Framework of the Institute of Internal Auditors. The Framework requires that internal audit functions have in place quality assurance programs that provide for both internal and external assessments of the functions.
This seminar outlines the required elements of a Quality Assurance and Improvement Program and offers guidance for developing and maintaining such a program. It examines techniques for designing and carrying out on-going and periodic internal reviews. It explains different approaches by which internal audit functions can meet the requirement that they undergo periodic external assessments. It presents tips to help internal audit functions show that they are in full compliance with the Standards for the Professional Practice of Internal Auditing.
1 DAY – 7 PD HOURS
To be truly effective in their roles, internal auditors, as change agents, must be effective communicators. A key aspect to this is the auditor’s ability to write in a style that is easy to read, clear and fosters acceptance and appreciation for their audit reports.
This session revisits the importance of effective writing and provides participants the opportunity to analyze and critique writing samples. It reviews key principles that apply to all writing, including audit reports, memos and emails It introduces a structure for writing risk statements to ensure they are comprehensive and complete. It highlights techniques the auditor uses to uncover potential audit issues, and gives participants the opportunity to practice writing effective audit findings.
½ DAY – 3.5 PD HOURS
Auditors who understand and follow good interviewing techniques typically obtain more information and better information … more quickly. Translate these skills into obtaining stronger audit evidence and a more effective and more efficient audit.
This course explores the role of interviewing as an essential audit tool for gathering information, especially audit evidence, as part of planning an audit, performing fieldwork, and reporting an audit’s results. It revisits the basic principles of successful interviewing while demonstrating techniques for improved performance. It provides techniques for interviews carried out in-person or remotely by video-conference or other means. It offers tips for dealing successfully with potentially difficult situations and interviewees that auditors occasionally encounter.
1/2 DAY – 3.5 PD HOURS
Sampling is part of most audits. Sampling results may significantly affect the conclusions and opinions arising from those audits. Accordingly, it is imperative that auditors know the theoretical basis and the practical limitations of sampling. They must be able to apply appropriate sampling methods correctly in diverse situations. And they must be able to draw sound and defensible conclusions from the results of their sampling.
This course explains sampling’s place in auditing. It details the steps associated with planning, selecting and executing a sample. It explains how to evaluate and draw conclusions from sampling results. Using various case studies to analyze and discuss, it also demonstrates approaches for documenting all steps in the sampling process.