[Virtual] Two Day Seminar: Beyond the Basics: Essential Skills and Practices

Course Code:
IAD517
CPE Hours:
16
Course Start Date:
May 21, 2020
Course End Date:
May 22, 2020
Time:
9.00 AM - 5.00 PM
Registration Deadline :
May 14, 2020
Level of course:
Level 2
Trainer:
Sia Nam Chie
Competency areas:
Internal Audit Delivery [IAD]
Course venue:

Virtually via Zoom

Course fee (IIA/ ISACA member):
$1572.90
(Inclusive of GST)
Course fee (non-member):
$1797.60
(Inclusive of GST)
Other Memberships valid for discount:
10% off non-member rate for ISCA and ACCA member
Lunch Provided:
No
Tea Break:
No
Course Overview:

UTAP APPROVED COURSE
NTUC members enjoy 50% unfunded course fee support for up to $250 each year when you sign up for courses supported under UTAP (Union Training Assistance Programme).
Terms and conditions apply.
For more information, please click here.

INTRODUCTION
Are you proficient in the foundational tools and techniques of internal audit but need to go beyond the basics? This course is designed for internal auditors with 1–5 years of experience who need to move to the next level in internal audit, adding value and providing future-focused insight when performing audit engagements.

In this course, you will learn several of the essential skills and practices that are embedded in The IIA’s Global Internal Audit Competency Framework. The curriculum is designed to engage you in group discussions and breakout sessions based on real-world scenarios and case studies, with one segment dedicated to an internal audit engagement simulation. These activities will help you identify opportunities to improve the efficiency and effectiveness of the internal audit process.

WHO SHOULD ATTEND
The course is primarily designed for experienced Internal Auditors (more than 1 and less than 5 years’ experience) who are interested in developing the essential skills and practices needed to go “beyond the basics.”

Prerequisites: Ideally for participants who will have attended “Beginning Auditor Tools and Techniques”/ "Tools & Techniques I: New Internal Auditor".

Course description :

LEARNING OUTCOMES
• Employ critical thinking skills to apply key principles in IPPF guidance to real-world internal audit challenges.
• Compare major risk management and internal control frameworks.
• Apply risk and control frameworks using real-world internal audit activities.
• Evaluate the risk responses and key controls needed to complete a top-down risk assessment.
• Apply business acumen and critical thinking skills in audit project planning.
• Identify the types of evidence used to meet audit project objectives.
• Apply persuasion, collaboration, and critical thinking in communicating audit results.
• Apply process improvement techniques and innovation to identify opportunities to improve your internal audit activity.

COURSE OUTLINE
Everyday Applications of the International Professional Practices Framework (IPPF)
• Use critical thinking to evaluate opportunities to add value and manage independence/objectivity risks.
• Employ critical thinking skills to apply key principles in IPPF guidance to real-world internal audit challenges and opportunities.

Top-Down Risk Assessment & Control Evaluation
• Compare major risk management and internal control frameworks.
• Examine an approach to consider an organization’s mission, strategic objectives, and culture in a top-down risk assessment.
• Use risk management principles and practices to identify and assess risks.
• Evaluate the risk responses and key controls needed to complete a top-down risk assessment.
• Explore an approach to align internal audit’s engagements with the organization’s strategic objectives and risk management process.

Audit Project Planning: Case Study
• Apply business acumen and critical thinking skills in audit project planning.
• Use a top-down risk assessment approach in audit project planning.
• Discuss effective interviewing and business process analysis techniques.
• Create an audit project plan focused on “red risks” and opportunities to add value.

Performing the Work: Case Study
• Apply critical thinking in performing the work needed to achieve audit project objectives.
• Identify the types of evidence used to meet audit project objectives and deliver value-added results.
• Use professional judgment, skepticism, and curiosity in evaluating audit results and formulating conclusions.

Communicating the Results: Case Study
• Apply persuasion, collaboration, and critical thinking in communicating audit results.
• Use the root cause of issues to develop audit observations.
• Examine negotiation tactics to manage conflict and resolve disagreements.
• Use critical thinking to identify and propose practical solutions.

Internal Audit Improvement and Innovation
• Discuss approaches to promote continuous improvement and innovation in the internal audit activity.
• Identify opportunities to improve the quality of an internal audit activity by applying key concepts and new ideas from the course.
• Apply process improvement techniques and innovation to identify opportunities to improve your internal audit activity.

ABOUT THE TRAINER

Mr. Sia Nam Chie began his career as an external auditor in a Big 4 accounting firm before moving into internal audit in a telecommunication company and financial institutions. He has also taken up leadership roles in various functions in the first and second lines of defence in leading financial institutions. He is an active volunteer taken up various positions, such as Treasurer and Audit Committee member in not-for-profit organizations. He was a member of the International Internal Auditing Standards Board from 2016 to 2018. Mr Sia is currently the Vice-President of the Institute of Internal Auditors Singapore.

Academically, Mr Sia has MBA (Distinction) and Bachelor degree (Hons) in Accountancy. Professionally, he has obtained CA, CIA, CFA, CFE & CISA qualifications. With his diverse experiences, he is able to use practical examples to illustrate concepts in an easy to understand manner. Since conducting CIA courses in 2006, Mr Sia has consistently received positive feedback for using practical examples to illustrate internal audit concepts.

LinePayment by PayNow/PayLah! transfer

Make the payment of your registration fees via PayNow/PayLah! transfer by following the steps below:

1. Upon completing your registration, proceed to payment and select the “Cheque/Fund Transfer” option.
2. Login to Internet Banking or Mobile Banking.
3. Scan our corporate PayNow/PayLah! QR code.
4. Verify our UEN number (S76SS0058D) and release funds.
NOTE: Kindly include the details below under the UEN/Bill Reference Number (text limit of up to 25 characters).

5. Once payment is made, please print screen the transaction and email to iia-academy@iia.org.sg for our tracking purposes.

Please refer to PayNow and PayLah! for more information.LineGroup Discount
Register as a group of 4 or more participants for the same course and enjoy a 10% group discount!
Applicable for participants from the same company registered within the same day. Discount will be indicated and processed on a single invoice.

Terms and Conditions
1. Registered participants will be liable for the full fee even in the event of non-attendance.
2. A processing fee of $100 will be imposed for any cancellation. Cancellation must be submitted in writing 7 days prior to the event date and subject to IIAS’s approval. Substitutions will be permitted and conditions will apply.
3. All registrations must "Proceed to Payment" to complete registration. Full payment must be received prior the course commencement.
4. Contact Person will be notified VIA EMAIL upon successful registration of the course.
5. Complimentary parking will be provided on a first-come-first-served-basis.
6. IIAS reserves the right to revise the programme as necessary.
7. IIAS reserves the right to cancel or postpone the training should the minimum class size is not met.LinePLEASE NOTE:

A system generated email will be sent upon successful registration of the mentioned seminar.
Once the course is confirmed, an email confirmation will be sent to the registrants’ contact email addresses 1 week prior to the course commencement date
If you do not receive any email notification regarding your course registrations, please call IIA Academy at 6324 9029


Registration Closed.