A Half Day Overview on Creating Truly Effective Audit Findings and an Audit Follow-Up Process
This half-day course takes attendees through an overview of the audit process, end to end, and how to create value-added findings. Additionally, to create value-added findings, auditors must be able to complete a detailed root cause analysis and components of a finding, which will be discussed. Finally, the means, timing and method of follow-up will be discussed, including tracking and efficient follow-up procedures.
I. Introduction and Background
a. What is Audit Follow Up
b. How to Add Real Value
c. When does the Audit Process stop?
d. Why is Follow Up Necessary
e. What do the Standards say?
II. Writing Recommendations and Action Plans
a. Overview
b. Exercise
III. Audit Report Finalization
a. How can we help to facilitate completion of the audit report?
b. What issues arise?
c. What are the main challenges?
d. Agreement on Action Plan and Recommendations
e. Appropriate Ownership of Action Plan
f. Importance of Implementing Recommendations
IV. Root Cause Analysis
a. Foundation
b. Condition
c. Cause
d. Effect
e. Recommendations
f. Action plans
V. Audit Follow Up Policy
a. Importance of a Policy
b. Contents of a good Follow Up Policy
VI. Timing/Method of Follow Up
a. Which Findings
b. Tracking Findings
i. Overall Reporting
ii. Tracking
iii.Realism of Dates
iv. APMM
c. Follow-Up Methods
i. Inquiry
ii. Observation
iii.Sample of One/Walkthrough
iv. Full Testing of Audit Issue
v. Full Testing of Auditee
VII. Effective Communication of Audit Findings
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
“First of all I want to thank you for the training provided, for your energy and for every single explanation given with a lot of patience. The training was very useful, especially for a person like me with no IT experience at all.”
IT Auditing for Non-IT Auditors (Boston, MA) - Private Training
“It was great meeting you last week in your training class. I really loved your presentation and content and how you made the course very interactive. I found your session to be very powerful.” – Attendee, CAE
San Jose IIA: People-Centric Skills
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
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.
Practical Ethics Attendee - Spring 2017
The Fraud training session yesterday was really great. You have a great way of providing good, relevant information while also being very entertaining and keeping the group engaged. That is not an easy feat, especially during those all day sessions so thanks again.
Fraud Risk Assessment Attendee - Boston IIA March 2017
I just wanted to drop a quick note saying thank you for yesterday’s training. The group was the most genuine and engaged I’ve experienced – very neat to be a part of it. In our small group discussions, it was so rich in dialogue – I will use it in my daily life many times over.
Non-Auditor Attendee, Central North Dakota IIA April 2016
Critical Thinking Course - Central North Dakota IIA - April 2016
I recently attended the Soup to Nuts: The Fraud Risk Assessment Process class in Boston. I would like to share that this was one of the very few classes I truly enjoyed as it exceeded my expectations both in content and experience as a “student”. The material for the class is shared prior to the class which allows you to better prepare for the topics of discussion. I related to the material both on a professional and personal level – fraud can happen anywhere! The class was very interactive giving everyone an opportunity to learn and network with one another. Danny Goldberg, the instructor, is an extraordinary instructor. He engages and challenges everyone, thinks outside the box by looking for ways to ensure everyone’s energy (both physical and mental) is up the whole time, by having stories and examples that everyone can relate to, and even offers prizes for best participants/teams as an additional incentive. I would love and look forward future classes taught by Danny G.!
Fraud Risk Assessment Attendee - Boston IIA March 2017
4.86/5.00 Rating
“Very Good Presentation”
“Presenter was engaging and practical. The session was quite interactive, providing good feedback”
“Bring him back!”