Page 23 - Verracy's 2019 Course Catalogue

Internal Audit
Internal Audit

Lead Auditor Tools & Techniques Statiscal Sampling for Internal Audit

IA-115 32 IA-116 8 16

CPEs CPEs CPEs

Making the move from staff auditor to lead auditor requires an Every auditor has to gather evidence to support their finings.
entirely new set of skills. Skills that are not necessarily inherent The Standards require appropriate, sufficient, and reliable
to the staff auditor. This course teaches the skills necessary to evidence to support audit conclusions. In addition, oftentimes
lead an audit engagement and audit team with confidence. This auditors are expected to quantify their evidence. Understand-
course walks through the entire life cycle of an audit from the ing statistics and knowing about the various sampling methods,
lead internal auditor’s perspective while examining the internal including when to use them and which ones can statistically
control environment and audit governance. represent the population for conclusions are critical for a
successful audit.
This course is designed for internal auditors with 3-6 years’
experience who are starting to lead engagements and audit This course will provide an overview of the key statistics used
teams. The course is taught with an interactive approach by auditors, explain the different type of sampling methods
through a combination of lecture, discussions, small group and and which to use in different scenarios, explain how to calc-
individual exercises and real-world case studies. ulate sample sizes, and understand and report the results.
Participants will also get to put their knowledge into practice
with sampling exercises. Finally, this course will look at the
basics of using data analytics to eliminate the need for
sampling while improving results and timeliness of testing.

What You Will Learn: What You Will Learn:
• Core elements of the International Professional Practices • Learn about the common statistics used by auditors
Framework (IPPF) • Learn about the sampling methods and sample sizes
• Components of the COSO Internal Control Framework • Understand sampling results and how to report them
• Roles and responsibilities of audit and auditee • Learn about the programs and tools available to auditors
• Becoming an effective leader for statistics OR learn about the basics of Data Analytics
• Skills necessary for leading and mentoring staff • Understand how Data Analytics can support and/or
• Audit planning and opening/exit conference needs replace statistics
• Conducting risk assessments, and program development
• Review requirements for audit fieldwork and testing
• Best practices for audit observations and findings and
recommendations
• Effective communication and reporting skills
• Wrapping up the audit after the report is issued

Group Live | 4 Days | Intermediate | Auditing Group Live | 1 or 2 Days | Basic | Auditing
Who Should Attend: New and existing Auditors-in-Charge, Who Should Attend: Internal Audit Staff & Management
Audit Management & Senior Auditors Prerequisites: None
Prerequisites: Auditors with at least 2 years of experience

+1 (877) 332-8708 | verracy.com/training