A Crash Course on the best practices internal audit has to offer
Based on Danny M. Goldberg’s professional commentary on the Bureau of National Affairs Practice SeriesInternal Audit Best Practices and Fundamental Practices (authored by legendary audit scholars Curtis C. Verschoor and Mort A. Dittenhofer – co-author of Sawyer’s Internal Auditing), this two-day seminar will take you through emerging trends and techniques in the internal audit world.
Attendees should learn about real-world training and concepts they can apply in their department immediately.
I. Introduction and Background
II. Audit Risk Assessment
a. IIA Standards
b. What is an Audit Risk Assessment?
c. How does the ARA integrate with the ERM?
III. Fieldwork Best Practices
a. Managing the audit engagement
b. Audit Testing
c. Audit Evidence
d. Constructing Workpapers
e. Workpaper Review
f. Fieldwork Methodologies
IV. Audit Report Writing
a. Auditor Guidance
b. Audit Report Structure
c. Executive Summary Components
d. Observation Components
e. Other Sections of Audit Observations
f. Report Optimization
V. Audit Follow Up
VI. Optimization Audit Best Practices
a. Optimization Assessment
b. Documenting Understanding
c. Segregation of Duties
VII. Control Best Practices
a. COSO
b. What are Internal Controls?
VIII. Integrated Auditing
a. Audit Process Similarities
b. Elements of Preliminary Work
IX. Fraud Red Flags
X. Optimized Communications
XI. Audit Interviewing
XII. Practical Ethics
a. What is Ethics?
b. Key Influences on Ethical Behavior
c. 4 Methods to Resolve Ethical Dilemmas
Management:
I appreciate the time and effort Danny put into the training. We were a tough crowd and he did an excellent job.
I’ve been to a lot of trainings over the years. I think Danny is probably the best I’ve seen at creating an upbeat environment where everyone feels comfortable participating. He did really well at keeping folks engaged. He also covered a lot of valuable ground. On the whole, he was excellent.
Private Training - People Centric Skills April 2017 (Oregon)
I loved Danny’s session! He facilitated open discussion about corporate culture, which helped us all apply the lessons learned to our unique situations and organizations.
NOTE: Overall Evaluation Score – 5.0/5.0
IIA Western Regional (Anaheim) Attendee - June 2017
I enjoyed the class. Your delivery was unique/informal from other presentations I have been a part of and it was effective in delivering the message. I got a lot out of the last two and a half days.
Lansing IIA - November 2016
Thank you Danny.
Really enjoyed your course and I don’t say that very often.
IT Auditing for Non-IT Auditors (Omaha) Attendee - May 2017
In our Assessing Risk class last week, I had a gentlemen attend and state that he attended a similar class of ours seven years ago and it gave him a ton of insight on how they eventually set up their ERM program – always good to know that you are making a difference!
Assessing Risk - OSIG Commonwealth of Virginia
“I enjoyed the training on Fraud and Project Management. You have a great way of keeping people engaged and interested without putting them on the spot. I found a lot of your material interesting.” -Attendee, Audit Manager
St. Louis IIA - Fraud Auditing & Practical Ethics
Danny is a great speaker and the review of the audit process is critical because many times, we might think we are being valuable to our institution, but we have some areas that we may lack. The discussions with the audience were helpful because I got to hear similarities and differences among audit shops because everyone has certain ways that they conduct their processes. As still being fairly new to internal audit, this session really opened my eyes more to the audit process and the ways that we should carry ourselves among our colleagues in the institution.
ACUA Annual Conference (Miami) - 9/2016
I attended your Project Management seminar today and found it very interesting and motivating! Would you please send me the project planning and status templates that you referenced today? Feel free to include any other template along these lines and throughout the process that may be helpful.
I look forward to attending other seminars that will be available later this year.
Project Management - North Jersey IIA
“Thank you for the wonderful presentation, it was engaging, thought provoking and I absolutely loved the synergy in the room !! I have finally taken the time to read my notes to reinforce the conversation’s leveraged from your multiple presentations….” – Attendee, St Louis IIA, Fraud Auditing and Practical Ethics
Attendee, St. Louis IIAManagerSt. Louis, MO
The Practical Ethics course was extremely interactive and encompassed many different subjects and situations. It was very interesting and helpful to hear several different perspectives on these issues and made you think of how you would respond in specific situations and why. I can definitely take some of the thinks I learned in this class and apply them in real-life situations.