Building a Strong Internal Audit Department
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Building a Strong Internal Audit Department

This course covers the realities of internal audit management roles, and how to build a strong foundation.
0.0 (0 ratings)
Instead of using a simple lifetime average, Udemy calculates a course's star rating by considering a number of different factors such as the number of ratings, the age of ratings, and the likelihood of fraudulent ratings.
0 students enrolled
Last updated 8/2017
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Current price: $10 Original price: $100 Discount: 90% off
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Includes:
  • 3.5 hours on-demand video
  • 2 Articles
  • 2 Supplemental Resources
  • Full lifetime access
  • Access on mobile and TV
  • Certificate of Completion
What Will I Learn?
  • Explore critical components of upholding your internal audit charter.
  • Evaluate the definition and requirements of risk based auditing.
  • Determine the meaning of developing an independent audit plan.
  • Understand how to deal with management when they respond negatively to an issue.
View Curriculum
Requirements
  • No Advanced Preparation or Prerequisites are needed for this course.
Description

Part of the continuing series of internal audit best practices, this session will provide insight on the realities of internal audit management roles, and the elements needed to build a strong internal audit department to provide the most value for your company.

The Institute of Internal Auditors (IIA) has done a tremendous job raising the profile of the auditing profession. As auditors, we strive to abide by the standards and guidelines. But have you ever asked management within your company if they knew such standards existed? Do they truly understand the concepts of risk-based auditing, independence, and obligations to the board or charter requirements? It is surprising how so many of these basic concepts are taken for granted by auditors and that we assume management is aware.

Individuals considering an internal audit management role should understand the challenges as well as benefits that may be presented to them within this role. It is critical that certain elements of the job be well understood by those holding the positions. This session is designed to step into the reality of the internal audit management role, and discuss some of the concepts that aren’t always openly discussed within organizations--but are important concepts the internal audit manager should ensure they can clarify with management and be prepared to address on the job.

Who is the target audience?
  • Anyone interested in finance, accounting
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Curriculum For This Course
16 Lectures
03:38:28
+
Introduction
14 Lectures 03:38:24

Internal Audit Definition Challenges
08:18

Independence Challenges
16:24

Charter Challenges
07:11

Authority Challenges
10:23

Actions
09:56

Reporting Challenges
08:26

Intro to Risk Based Auditing
04:32

RBA: Steps and Understanding
03:17

Identifying, Responding and Concluding on Risk
07:49

Independence of Audit plan
08:59

When Management says NO
10:34

Course Summary
03:22

Foundations for a Strong Internal Audit Department Continuous Play
01:49:12
+
Supporting Materials
2 Lectures 00:03
Slides: Foundations for a Strong Internal Audit Department
00:02

Foundations for a Strong IA Dept. Glossary/Index
00:01
+
Review and Test
0 Lectures 00:00
Review Questions
6 questions

FINAL EXAM
10 questions
About the Instructor
Illumeo Learning
4.4 Average rating
300 Reviews
1,318 Students
234 Courses
Condensed and Efficient Courses for Busy Professionals

Illumeo, incorporated in 2009, is revolutionizing the hide-bound world of corporate learning. Illumeo works with corporate professionals and organizations of all sizes to build the skills and capabilities that help everyone be an expert at their job.

Based in Silicon Valley, CA, Illumeo serves thousands of corporations and corporate professionals across Finance, Accounting, Human Resources, Sales and Marketing. The platform offers assessments, industry-benchmarked competency analyses, hundreds of expert-developed courses, collaborative tools, and the ability for companies to self-publish internal courses that promote institutional knowledge retention and dissemination.

Illumeo is the place for expertise management and we are dedicated to the proposition that everyone can be an expert at their job.

Lynn Fountain (Illumeo)
4.6 Average rating
13 Reviews
83 Students
29 Courses

Ms. Fountain has over 30 years of experience in the business profession, which includes public and industry accounting and over 20 years within internal and external auditing combined. She is a nationally recognized trainer and speaker and also a published author. She is a subject matter expert and specializes in Internal Audit, Sarbanes-Oxley, Enterprise Risk Management, Fraud, Governance and Compliance. Ms. Fountain has held two Chief Audit Executive positions for international companies. She currently performs consulting for companies on internal audit, risk management, internal controls, financial reporting and accounting along with performing training. She has also been instrumental in the establishment of ERM, Sarbanes-Oxley and Governance frameworks

Ms. Fountain has developed and delivered leading edge training sessions on COSO, Internal Audit, ERM, Accounting, Leadership, Governance, Compliance and Ethics. She has numerous recorded webinars on Illumeo dot com.

Ms. Fountain has authored a publication for the Institute of Internal Auditors Research Foundation (IIARF) titled “Raise the Red Flag – The Internal Auditors Guide to Fraud Evaluations”. The publication will be released April 20, 2015. In addition, she is authoring a publication for Auerbach on “The Realities of performing the Chief Audit Executive Role”. The publication will be released in the Fall 2015. In addition, she has performed as an adjunct instructor for the School of Business for Grantham University and the School of Business at the University of Kansas.

Ms. Fountain obtained her BSBA from Pittsburg State University and her MBA from Washburn University in Kansas. She has her CGMA, CRMA credentials and CPA certificate.