Date and Time:
September 6, 2021 11:30 AM - 1:00 PM
September 7, 2021 11:30 AM - 1:00 PM
September 8, 2021 11:30 AM - 1:00 PM
September 9, 2021 11:30 AM - 1:00 PM
September 10, 2021 11:30 AM - 1:00 PM
Event Location:
Online, India
Description
Internal auditing is an independent, objective assurance and consulting activity designed to add value to and improve an organization’s operations. This Webinar examines how a principles-based approach can be used to focus on accounting problems at its beginnings and become a powerful tool to detect the main risks of organizations.
This webinar aims to give the participants an understanding on Fundamentals of auditing, Risk Based Auditing & Internal Controls, Cyber and IT auditing and how to write an effective Audit Reports and much more.
Benefits of attending:
- Understanding on Fundamentals of Auditing
- Learn How to identify and explain risks
- Development and usage of Risk based auditing
- About the Cyber and IT Auditing
- How to Writing effective Audit Reports
Who should attend?
- Chief Risk Officers
- Chief Audit Executives
- Internal & External Auditors
- CFOs
- Internal Directors/Managers/ Supervisors
- Risk Managers
- Assurance professionals
- Risk & Governance professionals
Thought Leaders:
- Mohit Gupta
Partner – Governance, Risk, Resilience and Compliance
Mazars in India
- Saket Mehra
Partner
Grant Thornton Bharat - Giridhar Janardana
Partner
BlueRidge Consulting Services - Rohit Bharath Das
Associate Partner
Grant Thornton Bharat - Sidheshwar Bhalla
Partner & National Leader GRRC
Mazars India LLP | President IIA Delhi Chapter | Secretary IIA India
Brochure: InternalAuditing_V4
Event Timelines
• Meaning, features, objectives, principal aspects, benefits and limitations of Audit
• Preparation and Engagement Responsibilities
• Audit Process
• Preparation, review, compilation and other non audit services
• Audit Reports
• Types of Auditors
• Planning of Audit
• Internal Control
• Purpose of Internal Audit, why audits are conducted
• How to identify and explain risks
• Elements of planning the Audit engagement
• Methods of communicating results to management and the board
• Develop an independent audit plan
• Definition of Segregation of Duties and how it applies to roles and processes
• How to deal with management when they respond negatively to an issue
• Development and usage of Risk based auditing
• Alternatives to identify appetite and risk tolerance to utilize within risk based auditing
• Concepts, basics and facts of Internal Controls
• Typical Controls and Why they fail (Discover Control Mechanism)
• Design, implement and operate internal controls in single process
• Align controls with actual risks
• Internal Controls over financial reporting
• Monitor and review controls , find deficiencies and improve control environment
• IT Auditing fundamentals & Control Testing (what, how and why)
• Assessing Control Design & Operating effectiveness
• Fieldwork activities
• Walkthrough
• Request and obtaining evidences
• Challenges of Audit Reporting
• Planning the Audit Approach
• Forming and expressing the audit opinion
• How to reflect the right issues for the Audit Committee
• Recommendations and action plan
