Effective Audit Planning, Engagement Risk Assessment & Follow-Up

EFFECTIVE AUDIT PLANNING AND ENGAGEMENT RISK ASSESSMENTS

Planning is the foundation for every efficient and effective audit. If audit teams take the time to build an effective audit risk assessment and plan the audit accordingly, the opportunity for a smooth and under budget audit increases exponentially. This course will take attendees through the basics of audit-level risk assessments and appropriate steps throughout the planning phase of an audit.

EFFECTIVE AUDIT FOLLOW-UP

This 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.

• Recommended field of study: Auditing

• Instructional delivery methods: Group Live