Developing Results-Driven Audit Work Programs

  • Start Date

    30 Nov, 2021

  • End Date

    03 Dec, 2021

  • Price

    ₦185,000

  • WiFi

    Free wifi

Event Details

  • Gain an understanding of the role of the Audit Work Program
  • Become familiar with Standards-based Requirements for Audit Work Programs
  • Strengthen one’s skills in developing audit steps and audit work programs
  • Understanding how Checklists and Internal Control Questionnaires can be used

 

CONTENT                                           

Setting the Stage: The Role of Audit

  • Defining audit evidence
  • Impact of audit evidence on audit risk
  • Requirements from auditing standards
  • Audit charter
  • Compliance
  • Audit work plan vs. audit checklist

 

Audit Development Cycle

  • Closing the Loop Process

 

Planning—Understanding the Business

  • Identifying and understanding business objectives
  • Document review
  • Understanding the business processes
  • Documenting business processes

 

Planning—Scope

  • SIPOC
  • Defining scope—what’s in and what’s out
  • Setting expectations with Management
  • Scope statements

 

Interviews

  • Information gathering and fact finding
  • Establishing rapport
  • Whom to interview
  • Interviewing approaches and styles
  • Questioning styles and approaches
  • Conducting the interview
  • Interviewing rules and best practices
  • Communication barriers

 

Engagement Risk Assessments

  • Understanding risk
  • Types of risks—operational/financial/reputational/regulatory
  • Identifying risk
  • Evaluating risk
  • Prioritizing risk

 

Identification of Controls

  • Types of controls
  • Control objectives
  • Entity-level controls
  • Activity-level controls
  • Evaluating controls: design vs. operating effectiveness

 

Documenting Processes and Controls

  • Narratives
  • Flowcharts and process flows
  • Walkthroughs

 

TRAINING METHODOLOGY

The training methodology combines lectures, discussions, group exercises and illustrations. Participants will gain both theoretical and practical knowledge of the topics. The emphasis is on the practical application of the topics and as a result participant will go back to the workplace with both the ability and the confidence to apply the techniques learned to their duties.

 

Date:

1ST BATCH                        8th – 11th June, 2021

2ND BATCH                       30th Nov – 3rd Dec, 2021

Other Dates

Start Date End Date
08 Jun, 2021 11 Jun, 2021
Start Date End Date
30 Nov, 2021 03 Dec, 2021
  • Venue

    Alpha Partners Professional Training Conference Centre. 200, Muritala Mohammed Way (3rd Floor), Yaba Lagos.

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