Engagement planning is critical to effective internal auditing. Experienced internal audit professionals agree that the occurrence of most major mishaps during an internal audit engagement can be traced back to poor planning.
This course conveys that it is imperative for internal auditors to consider how the internal audit activity can add value to the organization from the very beginning of the audit engagement planning process. Participants in this course will determine which factors should be considered while preparing to conduct an audit engagement, including setting the engagement scope, establishing the engagement objectives, and documenting the engagement work program. This course also discusses engagement resource allocation.