Audit Process

Seminar Objectives/Course Content

Are we really meeting the challenges of today?  How do we, both as a professional and as a department “Measure Up” to the significant changes taking place in the internal audit profession?

“Yester -Years” tools and internal audit practices will not get you through Tomorrow.”  Whether you are an electrician, a teacher or an Internal Auditor, a properly stocked “tool box” makes the difference between success and failure.    

To assist in applying lessons learned in the “real work place,” the discussions will be “framed” around the way we do business – planning, fieldwork, reporting and follow-up phases.  For example, in the Planning Phase we will first identify what exactly should be accomplished and then “drill down” to make sure we are accomplishing each task effectively, efficiently and in accordance with professional expectations.

Topics discussed include:

Due Professional Care Planning:

- Assessing Risk  

- Risks & Controls 

- Audit Planning Considerations 

- Audit Objectives - Identifying 

- Audit Scope - Determining 

- Understanding Activity

- Preliminary Survey 

- Resources

- Audit Program - Developing 

- Audit Tests - Developing; Sampling; Fraud

Fieldwork:  

- Audit Evidence 

- Audit Findings - Developing  

Reporting:  

- Defining Requirements

Follow-Up

Learning Objectives: This seminar focuses on the “Tools,” best practices and expectations of the profession enabling us to become more efficient and effective.  Professional expectations, including The International Standards for the Professional Practice of Internal Auditing are also incorporated into the presentation.

Program Level/Professional Experience - Intermediate: Course is designed for both the experienced internal auditor and those with some experience in internal auditing.

Knowledge Requirements: Internal auditors with some practical experience in the internal audit process.

Speaker Biography

Roger  McDaniel has more than 25 years of experience in the internal auditing profession.  He currently has his own consulting firm, which provides to internal audit departments numerous services including Quality Assurance Reviews (QAR’s), risk assessment programs, audit assistance, contingency services, and training.  His client list includes organizations in the U.S., Canada, South America and Europe.

Focusing on the best practices in the internal audit profession, Roger has performed numerous QAR’s of internal audit departments in public organizations as well as governmental agencies.

Previously, Roger was the Chief Audit Executive for a multi-billion dollar organization.  He was responsible for initiating and building a full service, professional internal auditing staff capable of identifying, analyzing, and providing solutions for the business issues and opportunities facing the organization.

Roger has a Bachelors Degree with a major in accounting from Southern Illinois University.  Roger is active in The Institute of Internal Auditors, including having served as Chairperson of the International Academic Relations Committee and assisted with the IIA’s chief audit executive workshop, Vision University.  As a seminar instructor for the Institute of Internal Auditors, he has been awarded the title IIA Distinguished Faculty Member for his excellence in the classroom.