The Wayside Network

One day (19 CPE points)

Who will benefit?

• Newcomers to internal audit departments from external audit practice
• External auditors whose work includes an element of internal audit
• Accountants in practice wishing to offer internal audit services to clients

How will you benefit?
Increasingly managers in practice and in business are realizing that internal audit is a professional discipline in its own right, a specialism like tax advice or corporate finance. It has standards and principles, techniques and processes which demand changes in the way you look at a business and your job of providing assurance to managers and directors alike. Building on the professional knowledge and discipline of the external auditor this course highlights the increased authority and scope of internal audit since Turnbull and shows how the internal auditor can influence management and challenge the business to succeed.

What does the course cover?

• The difference between external audit and internal audit and their relationship to corporate governance and the management of risk
• The overall internal audit work plan based on the corporate risk register
• The purpose of internal audit processes such as planning, fieldwork, reporting and gaining management commitment to action
• Obtaining sufficient evidence for internal audit purposes
• Documenting internal audit work to the professional standards of the IIA
• Compiling straightforward and accessible internal audit reports
• Influencing management to improve risk management and internal controls to add value to the organisation

Speaker
Dr Sarah Blackburn, DBA, MBA, MA, FCA
Director, The Wayside Network Limited
Sarah has 19 years experience in auditing and has been head of internal audit in three FTSE100 companies.