Training and Events Calendar

Three Day Seminar (Apr): Tools for New Auditors

• Identify the core elements of the domains of the Global Internal Audit Standards.
• Describe the components of the audit model.
• Identify the requirements of annual engagement planning.
• Governance for the internal audit function.
• Compare the roles and responsibilities for organisational governance.
• Identify the components of engagement interviews
• Describe best practices for conducting and documenting interviews.
• Identify the common forms used during process documentation.
• Identify risks and key controls during the risk assessment process.
• Apply the methods for obtaining and presenting engagement evidence.
• Identify the best practices for selling engagement results to stakeholders.
• Demonstrate the steps necessary to wrap up the audit after the report is issued.
• Conduct the follow-up and validation of resolutions to engagement recommendations.
• Understand the importance of quality and ongoing monitoring of conformance to the Standards.

• The Global Internal Audit Standards
• The audit model 

• COSO Internal Control Framework
• Enterprise risk management (ERM)
• COSO ERM Framework
• Commonly used internal control resources
• Definitions of risk and risk management

• Governing the internal audit function.
• Applicable principles and standards.
• Governance roles and responsibilities.
• Roles of internal auditors.
• Qualifications of audit team members (by level).
• IIA Global Internal Audit Competency Framework.
• Audit mandate and audit charter.
• Individual objectivity and organisational independence.

• Preliminary audit planning.
• Your role in audit planning.
• Conducting an interview.
• Types of interviews and best practices for conducting interviews.
• Interview practices to avoid.
• Best practices for documenting interviews.
• Defining audit scope and objectives, hours, resources, and key activities.
• Preparing and submitting an audit planning memo.
• Reviewing existing internal control documentation and assurance work.
• Reviewing policies and procedures applicable to the function.
• Reviewing and creating process flow documentation.
• Best practices for narratives and flowcharts.
• Conducting an effective audit opening conference.

 Audit Risk Assessment, Internal Controls, and Walkthrough

• Performing a risk assessment
• Risk assessment concepts and terms
• Application of risk assessment concepts and terms
• Internal control overview
• Control concepts and terms
• Evaluation of control adequacy
• Test of effectiveness – Performing a walkthrough of internal controls
• Documenting the walkthrough

• Preparing a value-add audit program
• Tailoring audit programs
• Your role in developing audit programs
• Identifying standard test procedures applicable to the function

• Audit evidence
• Standards for audit evidence
• Types of audit evidence
• Evaluating audit evidence
• Data analysis in fieldwork
• Sampling and testing terms
• Sampling and testing approaches
• Documentation of results
• Reviewing testing workpapers

• Preparing point sheets to document audit observations
• Communicating observations and components of audit reporting
• Audit reporting components
• Approaches to audit write-ups
• Developing recommendations
• Guidelines for rating audit observations and findings
• Presenting audit findings and recommendations

• Preparing an audit report
• Report-reader assessment
• Developing the audit report
• 10 Things Not to Say in an Internal Audit Report
• Guidelines for overall audit ratings
• Conducting an effective audit exit conference
• Best practices for exit conferences

• Typical wrap-up activities to completion of the audit

• Follow-up on remediation activity
• Monitoring after the audit
• Elements of the monitoring plan

• Quality assurance
• QAIP framework
• Applicable guidance and sample QAIPs

TRAINERS

Yvonne Aw is an independent non-executive director of an insurance company where she chairs the Audit and Risk Committee, the Nomination and Remuneration Committee and the Related Party Transactions Committee. She is also a member of the Audit and Risk Committee of a power generating company. Yvonne has a combination of professional experience; initially working in an international accounting firm, followed by over 30 years of auditing, risk and compliance experience in the banking and insurance industry. She was the Regional Chief Audit Executive of Allianz Asia Pacific which had a team of approximately 80 internal auditors across 9 countries. In her earlier banking career, her roles included being the Regional Chief Audit Executive at Julius Baer, the Head of AML/CFT compliance for the DBS Group and Vice President & Regional Auditor, Asia Pacific at Chase Manhattan Bank.

Yvonne is a fellow member of the Institute of Singapore Chartered Accountants and a member of the Institute of Internal Auditors.
 
Richard Tan is an independent non-executive director with several SGX listed companies, foreign financial institutions, and Singapore government entities.  In most of these organisations, he chairs the audit and risk committee.  Richard is also an Adjunct Associate Professor with the NUS Business School where he co-teaches in 2 modules, namely: corporate governance and risk management, and financial institution audit and compliance.  Richard retired as a Risk Consulting Partner of KPMG Singapore in 2015 where he had provided internal audit and enterprise risk management services.  Prior to KPMG, he worked more than 20 years in major international banks where he was either the regional chief audit executive, deputy group head of audit, or head of group technology and operational risk management.

• Please email the completed registration details as per the excel form to IIA Academy at iia-academy@iia.org.sg. We will update you 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 ext 2004 or 2005.

TERMS AND CONDITIONS

• Registration is on a first-come, first-served basis.
• Contact person will be notified via email upon successful registration of the participants. The seminar details would be sent to the registered participants one week prior to the seminar.
• Registration fee must be received prior to the date of the seminar.
• Registered participants will be liable for the full registration fee in the event of non-attendance on the date of the seminar.
• Cancellation must be submitted in writing to the Academy team at iia-academy@iia.org.sg at least 7 working days prior to the seminar and subject to IIA Singapore's approval. A processing fee of $100 per participant will be imposed for any cancellation. Substitutions will be permitted and conditions will apply. You may substitute a “like” person to attend the seminar in your place – for example, if you are an IIA Singapore member, you may substitute with another IIA Singapore member.
• IIA Singapore reserves the right to revise the seminar programme as necessary.
• IIA Singapore reserves the right to cancel or postpone the seminar should the minimum class size is not fulfilled. IIA Singapore will refund the full registration fee which has been paid.
• IIA Singapore reserves the right to take videos and photographs during the seminar for use in IIA Singapore’s marketing collaterals and other publicity purposes.
• Complimentary parking, if any, will be provided on a first-come-first-served basis.

Ref: TRAIN-P0000001-555