Event Date

INDIA - 28/06/2021 - 03/07/2021

Event Description

Evolving Role Of Internal Audit

Internal Audit (IA) is not a new concept. It has evolved over time from mere audits of financial records, to the identification of fraud and corruption. Today, IA enables governance, risk management, compliance, resource conservation, and data verification and analysis for the entire organization.
With changing stakeholder expectations, newer perspectives on risk management, and demands from the board, senior management, and regulatory authorities, IA has had to evolve to not only enhance operational efficiency and compliance with internal controls, but also enable value preservation and creation.

Who should attend?
·         Chief Risk Officers
·         Chief Audit Executives
·         External Auditors
·         CFOs
·         Internal Directors/Managers/ Supervisors/Auditors
·         Risk Managers
·         Assurance professionals
·         Risk & Governance professionals

Thought Leaders
·       Shashank Karnad
Partner & CEO
Forensic Services Mahajan & Aibara
·       Giridhar Janardana

BlueRidge Consulting Services
·        Shreyans Dudheriya
Executive Director & Leader - Risk Analytics
PwC India 
·        Monish Sharma
Sudit K Parekh & Co LLP
·         GK Gupta
Vice President- Internal Assurance
Max Life Insurance
·        Raghu Babu G
R & A Associates & Samisti Legal

Event Agenda

28th June 2021
11.30 AM – 01.00 PM
Session 1:
·         The evolving role and future outlook of internal auditing
o   The role and position of Internal Auditing within the Governance, Risk Management and Control structure
o   The fundamental differences between external and internal auditing
o   The professional standards that govern internal auditing
o   What is the Internal Audit Charter
o   Audit Committee Expectations from Internal Audit
o   Nuts and Bolts of Audit Report
29th June 2021
11.30 AM – 01.00 PM
Session 2:
·         Conducting Audit Engagements Remotely
o   Preparing your Organisation for Remote Audits
o   Remove Internal Audit Best Practices & Checklist for Regulatory Compliance
o   How should Internal Audit approach remote auditing
30th June 2021
11.30 AM – 01.00 PM
Session 3:
·         Use of Data Analytics in Internal Audit
o   Given the large volumes of data that the internal auditor has to deal with, the use of tools to spot trends, detect irregular transactions and identify transactions that can be probed into further would be very meaningful. Most internal audit engagements operate with strict deadlines. Tools such as these help the auditor to conduct audits efficiently.
o   Identifying the opportunity to supersede control testing
o   Answering the question – why does data matter to this audit
o   Planning & Developing the analytic and identifying the underlying
o   Verifying data integrity, performing the actual test, interpreting the results & obtaining management’s feedback
1st July 2021
11.30 AM – 01.00 PM
Session 4:
·         CARO (Companies Auditors Report Order)
o   Overview of new reporting requirements, modifications, clauses carried forward and deletions in the new CARO.
o   Understanding the additional onus placed on the management of the auditee entity on accounting of enhanced reporting requirements pronounced under CARO 2020.
o   Understanding the enhanced scope of audit reporting requirements pronounced under CARO 2020.
o   Paving a way forward for the audits in the coming financial period
2nd July 2021
11.30 AM – 01.00 PM
Session 5:
·         Synergies between the risk function and Internal Audit
o   Many business entities have well established Risk Functions these days. The organization benefits when there are synergies between the work done by the Risk Function and Internal Audit. The focus of this session is to highlight good practices in this area. How, for instance, does the work done by one function get leveraged by the other? Can these functions work more closely with each other to achieve the organisation’s objectives?
3rd July 2021
11.30 AM – 01.00 PM
Session 6:
·         Recent significant Amendments in the Companies Act
o   What is meant by Audit Trail
o   Amendments in Schedule III
o   Decriminalisation of the Companies Act, 2013- Reduction in Penalties 
o   Relevant recommendations regarding compoundable offences 
o   Provisions for allowing payment of Remuneration to Non-Executive Directors in case of Inadequacy of Profits 
o   Exemptions from filing resolutions under section 117
o   Other matters to be included in Auditor’s Report


28/06/2021 - 03/07/2021


Opening Day Time: 11:30 am - 1:00 pm
Closing Day Time: 11:30 am - 1:00 pm




Download Link : Internal Audit_V7.pdf

Registration Fees

INR 8,000.00

Event Calender

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