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
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)
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 attended your presentation on Crucial Communications which was absolutely great! Thanks for being the instructor. You are an amazing instructor and are so lively with the audience.
Crucial Communications - CASA
“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
“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
“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
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
4.86/5.00 Rating
“Very Good Presentation”
“Presenter was engaging and practical. The session was quite interactive, providing good feedback”
“Bring him back!”
HFTP Controllers Conference - 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
Just wanted to extend thanks for your presentation on Communication. I found that session to be among the top three sessions of the week, including the keynote speakers.
Attendee, People-Centric Skills: Communications Presentation
844-514-8883
