Managing An Effective Internal Audit Function

This course explores the key competencies and responsibilities of today's internal audit management.

Last updated 2022-01-10 | 4.1

- Explore the role of today's internal audit leadership.
- Recognize the role of internal audit in corporate governance.
- Explore how to synergize the internal audit processes with other quality assurance groups.

What you'll learn

Explore the role of today's internal audit leadership.
Recognize the role of internal audit in corporate governance.
Explore how to synergize the internal audit processes with other quality assurance groups.
Discover the keys to building effective relationships with management and the audit committee.
Discover the keys to staffing and training the audit group.
Identify how to develop a resource gap analysis for internal audit.

* Requirements

* No advanced preparation or prerequisites are needed for this course.

Description

The globalization of business, ongoing changes in technology, increased attention of shareholders and stakeholders and the continuing demands of the Audit Committee and senior management require a dynamic framework for managing today's internal audit department.

This session, designed by a past Chief Audit Executive with significant exposure to a multitude of industries and internal audit frameworks, explores the key competencies and responsibilities of today's internal audit management and methods for meeting the requirements of the internal audit profession. We will also discuss some of the greatest challenges of the role and how to address those challenges.

If you would like Continuing Education Credit (e.g. CPE, CE, CPD, etc.) for this course, it is available if you take this course on the Illumeo dot com platform under course title: Keys to Managing an Effective Internal Audit Function. Illumeo is certified to provide CPE in over two dozen different professional certifications covering finance, accounting, treasury, internal audit, HR, and more. However, in order to receive CPE credit the courses must be taken on an ‘approved-by-the-governing-body’ CPE platform, and for over two dozen corporate professional certifications, that is the Illumeo platform. Go to Illumeo dot com to learn more.

Who this course is for:

  • Anyone in finance, accounting, or related fields.

Course content

3 sections • 9 lectures

Introduction to Managing an Effective Internal Audit Function Preview 09:40

Role of Today's IA Leadership Preview 46:38

Building Effective Relationships with MGT and Audit Committee Preview 30:27

Keys to Staffing and Training IA Preview 18:04

The Synergy of IA with Other Processes and Close Preview 10:07

Slides Keys to managing an effective Internal Audit Function Preview 00:02

Keys to managing an effective Internal Audit Function Glossary/Index Preview 00:02

Review Questions

Review Questions: Keys to Managing an Effective Internal Audit Function

FINAL EXAM

FINAL EXAM: Keys to Managing an Effective Internal Audit Function