4.0 CPE COVID-19 has impacted all professions and IA is no exception. As if communicating/conducting an IA on-site isn’t hard enough, now we face the challenges of remote work and a rapidly changing risk environment.
With the onset of the COVID pandemic in 2020, IA departments saw their audit plans changing and adapting. In many cases, internal resources were re-allocated to operational areas.
In addition to these challenges, IA saw challenges with:
- Emerging business risks and technologies
- Audit plan priorities
- Staff skills
- Department resources
Organizations, their environments and ways of working have evolved rapidly and in ways that had not been previously envisioned. Includes everything from reallocation of work responsibilities to being expected to conduct internal audits remotely. IA must look within to determine how to stay relevant and add value in this changing and emerging environment. It is important that IA is proactive and prepared, while remaining pragmatic, as the situation continues to evolve.
Learning Objectives
- Identify the challenges for auditors to stay relevant in a changing business environment.
- Examine challenges to the traditional audit process.
- Examine top emerging risks for IA in 2022.
- Evaluate the impact of the changing environment (due to COVID-19) on the work plan of IA.
- Explore and examine actions IA can take to address challenges.
- Explore the importance of upgrading the skills and exposure of the IA team.
- Recognize the role of technology in assuring a smooth transition to value-added auditing.
Last updated/reviewed: March 28, 2024
56 Reviews (350 ratings)
Reviews
Anonymous
(Auditor)
Comprehensive and insightful, covers key IIA standards effectively.
Lawrence Hirsch
(Controller at Builders design)
Lynn,
The fact that I scored 90% is a testament to the strength of your course. I am a former member of IIA and took many courses, read the monthly magazine, however, never received the IA Certification credentials. Many years have passed and the world of IA has changed dramatically with the changes in technology and the volume of transactions. Your course has brought me up to snuff and I thank you. Great Course.
Larry
Anonymous
(Audit Manager)
This is a great update and viewpoint on the future of IA. There is so much to consider after the effect of COVID-19 and other emerging issues that needed to be address. This training is really a real life opener on ways to improve the IA process and what to look for. Thanks for this training.
Anonymous
(Advisor)
I overall really enjoyed this course on Future of Internal Audit by Lynn Fountain. As an auditor during 2020 and 2022, the course was overall pretty straightforward but interesting to see the comparisons made from that to 2025.
Anonymous
()
Very good course providing some very good high level trends and statistics in the field of internal auditing. It can be very useful for audit staff as well as internal audit leaders to understand current trends.
Anonymous
()
Very good course providing some very good high level trends and statistics in the field of internal auditing. It can be very useful for audit staff as well as internal audit leaders to understand current trends.
Anonymous
()
I though the PWC and audit board studies were very interesting content that could be applied to audits in general. I thought the risks areas that businesses were concerned with was also very interesting.
Anonymous
()
I really enjoy all of the courses Lynn offers. I have participated in several at this point and choose her courses over others. I like the slides and handouts she provides and the structure of the courses.
Jason Mack
(VP Government Compliance at Jacobs)
With all the recent changes in the IIA and the standards this is a good refresher on things and helps to provide critical thinking on how to keep IA relevant and beneficial post covid.
Anonymous
(Corporate Development)
"Future of Internal Audit" CPE course was valuable and comprehensive, covering latest trends and developments in the field. Instructor was knowledgeable and engaging. Highly recommend.
monica hoyt
( at self)
great course for anyone one not only performs but works with IA teams. Helps organizations with where to focus efforts for IA given technology and work environment changes
Anonymous
(Internal Audit Manager)
Interesting course overall to think about the future of the profession and where it fits in. Definitely have to continue to "sell" the department's purpose.
Jessica Flesher
(Supervisory Program Specialist at VA - U.S. Department of Veterans Affairs)
This was a good course and interesting. I hadnt thought about all of the recent challenges that my current environment and colleagues have recently faced.
Anonymous
(Senior Associate)
Really enjoyed the Audit Board and PwC insights that were built into the course. It's a relevant course given all that has happened these past few years.
Anonymous
(Internal Auditor)
This was an excellent overview of this topic. Lynn has a great style of teaching that helps you stay engaged throughout each section.
Anonymous
(Statewide Fiscal Oversight Manager)
Great information on the future of internal auditing. Talking points were relative and informing of issues and how to address.
Anonymous
()
Very interesting and detailed course on the future of Internal Audit and how the pandemic impacted how the IA function operates.
Anonymous
(Chair)
Excellent course with good updates on dealing with pandemic outcomes and the latest thinking on audit activities and planning.
Lorene Johnson
( at SeaOne Holdings)
Another great course, I am not in internal audit and was able to get a good understanding of the challenges and changes to IA.
Christopher Hole
(Director of Internal Audit at Roseburg Forest Products)
A courageous attempt to summarize predictions about how our profession may change during the extended chaos of the pandemic.
Anonymous
(Consultant)
I always find the industry updates/studies to be really interesting. Lot's to think about going forward when evaluating risk.
Jose Ponce
(Senior Auditor II at CIBC US)
Very interesting course and overview of the effects from the Pandemic and proposed responses for the Internal Audit Activity
Anonymous
()
Very interesting course and it will be fascinating to see how COVID continues to upend the previous working contract.
Anonymous
()
This was a difficult course for me. I studied internal audit in college and I still learned a lot from this course!
Anonymous
(Assistant Controller)
Excellent course on internal audit, their relevant standards, and the challenges facing them in the coming years!
Anonymous
(Financial Reporting)
Course was well thought out and had a lot of great information to be applied to IA of a company. Thanks!
Anonymous
(Assurance Specialist)
Interesting topics and Lynn, of course, does a wonderful job explaining them and presenting new ideas.
Youlanda Williams
(Program Analyst at VA - U.S. Department of Veterans Affairs)
I am an internal auditor who works remotely and this information is very helpful and insightful.
Vincent Crisco
(Vice President at SMBC)
this was a good class on the future of Internal Audit. A lot of which is being seen today.
Anonymous
()
this course was good to learn about how AI and Covid has changed business mindsets and IA.
Anonymous
(Senior Accountant)
Overview of how internal audit will look in the future and insight into future IA needs.
Anonymous
(Supervisor)
Good Course. Materials supported the presentation. Exam had understandable questions.
Anonymous
(Senior Accountant)
Great course! Very interesting and informative content, super educational! Thank you!
Anonymous
(Senior Internal Auditor)
This training course was very interesting especially what the future will look like
Sam Grosoff
(Associate at RSM)
I really enjoyed the overview of the future of internal audit and audit practices
Anonymous
(Consultant)
Very good class, I would recommend to others looking to earn CPE credits online.
Anonymous
()
Course was a very good overview of challenges for IA, instructor was engaging
Trevor McGuire
(Owner at Borgg LLC)
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Darin Woehl
(Program Analyst at VA - U.S. Department of Veterans Affairs)
Great information as IA moves forward in an ever changing environment.
Anonymous
()
A little dull but it is what I expected. It is Internal audit afterall
Anonymous
(Managing Director)
It was helpful to understand the whole picture of CAE's ideas surveyed.
Anonymous
(Director Marketing Strategy)
Great course with up-to-date examples. Learned plenty to apply later.
Chris Smith
(Auditor III at TVA OIG)
Wonderful course that dug into the emerging risks for internal audit.
Anonymous
(SVP)
Great course and content. It was well laid out and easy to follow.
Elizabeth Fazio
( at Floor & Decor)
Good content to help internal audit professionals adapt to changes
Anonymous
(Finance Director)
Course covered a wide range of topics relating to internal audit.
Anonymous
(CFO)
light on content but
not bad for 4 hrs cpe
Anonymous
(Sr. Program Manager)
Great and thorough content. Presenter is excellent per usual.
Anonymous
()
valuable information. I can recommend this one honestly.
Anonymous
(Senior Revenue Manager)
I enjoyed this course, and I found it very informative
Anonymous
(Accountant)
Comprehensive guide with clear and valuable insights!
Jacinth Vidinha
(Controller at Madden Media)
Nicely up-to-date and addresses real-world concerns.
Baechang Choi
(Manager at KPMG Korea)
Reasonable issues what Internal auditor should know
Anonymous
()
excellent update on IIA updates and upcoming trends
Anonymous
(Accountant)
Great course, well structured and good content!!!!
Anonymous
(Retired)
I look forward to the 2025 version of this course!
Prerequisites
Course Complexity: Foundational
No advanced preparation or prerequisites are required for this course.
Education Provider Information
Company:
Illumeo, Inc., 75 East Santa Clara St., Suite 1215, San Jose, CA
95113
Contact:
For more information regarding this course, including complaint and
cancellation policies, please contact our offices at (408) 400- 3993 or send an e-mail to
.
Lynn FountainCPA, CGMA, CRMA, MBA, cPIA, Consultant, Author, Trainer
About Illumeo
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