Auditing Business Processes

This course will show you how to identify, assess risk, and rank critical business processes in a revolutionary manner that will dramatically shorten the audit engagement time commitment while enhancing process knowledge. You will be introduced to Process Flow Auditing (PFA) techniques to analyse and breakdown business processes into their critical components and to identify risks costs and related internal controls. You will learn to concentrate on root causes and how to work in partnership with operations personnel to arrive at business focused solutions for maximum operational effectiveness.

CONTENT

• Understanding the basics of business structure analysis
• Introducing ORCA (tm) - Business Process Auditing
• Exploring the basics of risk analysis
• Tools, Techniques and Approaches
• Applying Process Auditing to operational areas
• A comprehensive Process Audit case study of a key operations area using the ORCA(tm) principles and frameworks. Analyzing a key operations area and developing an entire risk assessment and process analysis in line with the course learnings, complete with documentation and presentations.
• Presenting a designated operations area including:
• A detailed core structure analysis from the high level to the to the core process level
• An identification of the key outcomes / risks of that operational area
• Identification of the BEST KRI’s for the outcomes and the BEST analytics to be used
• A Swim Lane Diagram with Excel SS inserts identifying the Key Risks, KRI’s and Key Controls will need to be created and presented for a core process
• The primary root causes of the areas of risk will be identified for purposes of management developing solutions
• Completing a visual based audit report of the audit event containing:
• The business risks that were the basis of the audit
• The exposures that the business risks brought to the organization
• The root causes of each of the primary risks
• The goals or objectives (gains) that management could attain if it corrected these root causes (deficiencies)
• The corrective actions that you would take (written as if you were management) to correct the root causes

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.