Day 1 – Part 1: RPA and the Future for Internal Audit
August 2, 2022
12:00–1:00 p.m. ET
NASBA FOS: Information Technology
Robotic Process Automation (RPA) is a significant driver in the way work in Internal Audit is changing. In this session we’ll learn more about the fundamentals, frameworks, and risks. The accessibility and ease of use for the programs employed in RPA development pose new challenges and opportunities for Internal Audit. This session will provide a background on RPA and its related risks. It will also challenge Internal Auditors to become adapters and champions for new technologies like RPA.
In this session, participants will:
- Develop an understanding of RPA fundamentals.
- Describe the impact and challenges of RPA on Internal Audit.
- Use RPA case frameworks that can be adapted for the organization and the department.
- Build value by promoting and supporting RPA throughout the organization.
Day 1 – Part 2: Technology’s Infusion into Internal Audit
August 2, 2022
1:00–2:00 p.m. ET
NASBA FOS: Information Technology
Technology landscapes have become sophisticated, business threats are ever evolving, and disruption is inevitable. The need for 24/7 continuous supervision of business environments has become critical. Automation can revolutionize the way compliance functions execute, manage, govern and monitor business. Understanding and evaluating opportunities for intelligent automation and digital transformation is critical for creating enterprise value. Automation is no longer a pipe dream for the future, it’s a current business need for continuous assurance.
In this session, participants will:
- Understand the continuum of intelligent automation from basic RPA to Machine Learning and Artificial Intelligence and how they relate to Internal Auditors.
- Assess the maturity of digitalization within one's function, team, and company.
- Evaluate opportunities for automation within audit teams and organizations.
- Create a digital transformation roadmap and business case for infusing automation in audit and management functions.
Day 2 – Part 1: Internal Audit Agility’s Rise, Roles, & Risks
August 4, 2022
12:00–1:00 p.m. ET
NASBA FOS: Specialized Knowledge
The pandemic and geopolitical events have challenged organizations to rapidly adapt and be more agile. Internal Auditors have responded, shifting mindsets and serving as leaders of net positive change. Internal Audit functions are fostering a culture of agility, supporting agile methodologies and strategically focusing on agile practices. These changes will improve collaboration, enhance reporting and proactively manage change throughout the audit process. In this session, we will address the meaning of agility and how to add value as an Internal Audit function both now and in the future.
In this session, participants will:
- Identify current Internal Audit practices that may hinder timely delivery of insights.
- Increase Internal Audit’s value to stakeholders through mindset adjustments, goals and Internal Audit activities.
- Anticipate challenges in adoption through case studies of successes and failures.
- Continuously incorporate innovation and automation within the Internal Audit function.
Day 2 – Part 2: Internal Auditing While Sleeping
August 4, 2022
1:00–2:00 p.m. ET
NASBA FOS: Information Technology
With increased digitization, identifying round-the-clock risks and gaps that could jeopardize business objectives has become a priority for many internal auditors and managers. In today's dynamic business ecosystems, triggering prompt actions on round-the-clock risks makes a difference in terms of risk management, assurance, and quality. In this session, we will examine practical steps to leverage your organizational value proposition and implement continuous 24/7 monitoring and auditing to enhance the business.
In this session, participants will:
- Learn processes to leverage continuous auditing and monitoring technology.
- Identify essential stakeholders and sources of data to guarantee a successful implementation of continuous auditing and monitoring.
- Understand "tips and potential pitfalls" in implementing continuous auditing.
- Explore a vision of the future of audit powered by technology.
AUTHOR: IIA
AUDIO/VIDEO: N/A
CATEGORY: General Awareness
DELIVERY FORMAT(S): Group Internet based
FIELD(S) OF STUDY: Information Technology