2 CPE 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.
Learning Objectives
- 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.
Last updated/reviewed: March 17, 2024
Included In Certifications
This course is included in the following Certification Programs:
32 CoursesInternal Controls and Internal Audit Certification
- Internal Audit Standards Overview
- Managing the Internal Audit Function in Line with GIAS - Part 1
- Managing the Internal Audit Function in Line with GIAS – Part 2
- Managing the Internal Audit Function in Line with GIAS – Part 3
- Executing the Internal Audit Engagement in Line with GIAS – Part 1
- Executing the Internal Audit Engagement in Line with GIAS – Part 2
- Identifying and Implementing the Proper Balance of Internal Controls
- Documentation Methods For Internal Control Processes
- Segregation of Duties for Core Business Processes
- Foundations for a Strong Internal Audit Department
- Internal Audit Management - Top Skills
- Internal Audit: Keys to Managing an Effective Function
- Understanding Risk-Based Auditing
- Risk Based Auditing – Establishing a Methodology
- Risk Based Auditing – Applying the Methodology
- Cyber Risk Frameworks And Concepts
- Information Technology (IT) Controls in Emerging Business Environments
- Fraud Risk Assessments
- Professional Skepticism - Keys to Maintaining
- Introduction to Forensic Accounting
- The Fraud Triangle
- Internal Audit Effective Relations with the Audit Committee
- COSO 2013 Overview
- COSO 2013 - Operational Execution
- Internal Audit Emerging Risks for 2021 and Beyond - Part 1
- Internal Audit Emerging Risks for 2021 and Beyond - Part 2
- Internal Audit Emerging Risks for 2021 and Beyond - Part 3
- Internal Audit Emerging Risks for 2021 and Beyond - Part 4
- Internal Audit Challenges During Times of COVID
- Global Internal Audit Standards (GIAS) - Overview and Contrast to 2017 International Professional Practices Framework
- Tools for Internal Control Certificate
- Lessons of an Auditor- Tools for Internal Control Certificate
75 Reviews (317 ratings)
Reviews
Ramachandran Balasubramanian
(Financial Co-ordinator at AAPICO)
The Course provides a birds eye view of the CAE/IA landscape and how a CAE should shape up the function. The Course provides insight on the changing expectations of the stake holders as well as the need for the IA function to play a more dominant role at the Board Level.
I was expecting some practical case studies of IA functions from across corporations as part of best practices learning, and to this limited extent the Course was inhibiting.
Lawrence Hirsch
(Controller at Builders design)
Lynn, We did it again 100%. As a CFO/Controller of a growing small business ($25M) I regularly make a case to the Board to expand the IA function in the company. The content in this course has supplied me with fresh ideas to hone the strategy in the battle for more respect and resources for our IA function.
Best regards and thanks for another thought provoking course.
Larry
Anonymous
(Associate Accountant)
Lynn's slides are always very helpful with understanding the material & everything is explained thoroughly.
The only downside to this is that, in the beginning, Lynn say this is part three of a series of classes, however 1 & 2 are not specifically noted (neither was this in being the 3rd). It would be nice to definitively see 1, 2, & 3, and how they relate with each other.
Anonymous
(Internal Audit Manager)
Good overall course and I think the most enjoyable aspects for me were discussing the golden standard while still understanding that these ideals may need to be reached with a little additional work or salesmanship or even understanding that it may just not be possible in a certain organization.
Anonymous
(Director)
The course provides a great overview for an effective audit function. The topics covered are helpful even to individuals who do not perform an internal audit function. The speaker is very clear on her lecture and the materials used well summarized the key points.
Paul Rosemond
(Audit Senior Director at Loews Corporation)
This course was a refresher. It is very informative and covers all the key components of the Internal Audit function at a very detailed level. I think this course is crucial for people with 1-4 years of experience, but overall everyone needs to take this course.
john mahlstedt
(Internal Audit Consultant at ConnectSearch LLC)
Good course. It's a smaller part of the larger 7.5 hour course; I think it's helpful these were broken down and available in smaller chunks. Great anecdotes and narration with sufficient but not excessive detail provided.
Anonymous
(Associate Director)
The presenter did a great job providing an overview of the Internal Audit Function as well as key examples on how to show management the benefits of IA. I would recommend taking the course if you are new to the IA world.
Anonymous
(-)
This is a fairly comprehensive discussion of the role of internal audit in today's environment. The seasoned instructor has again used her broad professional experience to enhance the presentation.
Anonymous
(CPA, CFE, CGMA)
I like that the information in this course is very practical. It will be nice if the videos can be broken down into shorter modules like the other courses taught by this instructor.
Anonymous
(-)
This instructor is very good at presenting information in a way that is easy to understand and I also learned new information that I did not know before. This course was well done.
Jennifer Naccarato
(Senior Associate at CNM LLP)
Very well structured and easy to understand. The course materials provided a great overview of the topic and very clear. The pace allowed for a proper understanding of the topic.
Anonymous
(SFA)
Another awesome course from Lynn. It is very intense but this information you would not be able to find in any book. A lot of real life examples and references. Thank you!
Naoko Kuge
(Internal Controls Manager at Hoshizaki Europe B.V..)
I am not at Managing function, nevertheless, it is interesting just for a member of auditor to understand what are 'keys' to manage an effective internal audit function.
Thomas Hayes
(Clinical Associate Professor at University of Arkansas)
Very knowledgeable on the subject matter. I was surprised by how much I wasn't aware of. I think anyone in external or internal audit would find this content useful.
Anonymous
(Director, Financial Shared Services)
This course was a solid overview of effective management of the internal audit function. The focus on synergy with other quality and audit functions was helpful.
Anonymous
(Consultant - Process Specialist)
The speaker discusses essential relationships that the Internal Audit must keep and maintain within the organization, to ensure holistic and better audit results.
Anonymous
(Director)
I enjoyed the course, I did not like the exam and the use of "not" and double negative questions. Otherwise, the course makes valid points to consider.
Anonymous
(Assistant Internal Audit Manager)
The course provides an overview and comprehensive knowledge of managing internal audit department. The instructor's present is easy to understand
Brian Fleischer
( at NYC School Construction Authority)
Good webinar - hit on several areas that I think about within my organization and aligned with my goals for enhancement of the IA function.
Anonymous
()
keys to managing an effective internal audit function is another great IA related seminar. I appreciate the content and the organization.
Keith Johnson
(Director SOX Compliance at Waterjet Holdings)
Lynn hits another one out of the park, with careful explanations of the role of IA and the CAE, as well as the interaction with the AC.
Anonymous
(Auditor)
This course teaches the importance of managing an effective internal audit team and how to effectively build relationships with the AC.
Anonymous
(-)
Good explanation of the overall responsibilities and interactions of the CAE to effectively manage the audit function.
Anonymous
()
Great course internal audit - keys to manage an effective function that should be watched by most of IA professionals.
RICARDO CAMPOLINA DE TOLEDO
( at WPP)
The content is relevant and was very well presented. It is clear and straightforward. Good material / set of slides,
Anonymous
(IT Advisory Snr. Associate)
This training is more like a refresher course. Nothing surprised me and I think beginners will gain a lot from this
Anonymous
(Accounting Manager)
The course is very informative and detailed regarding on the importance of leadership in Internal Audit Function.
Anonymous
(Unemployed)
Well organized. Interjected good examples. All internal audit staff, auditees and CFO should take this course.
Anonymous
(General Director - Audit)
Good job outlining requirements for Internal Audit and providing areas to strengthen current audit teams.
Hyoe Nakagiri
(Internal Auditor Chasing New Opportuniti.. at Independent)
Full of good questions and challenges for the CAE, especially new ones like myself. Highly recommended.
Anonymous
(Accounting Manager)
I enjoyed this course. A lot of valuable information, all broken down in sections. Organized well.
Anonymous
(Director, Compliance and Insurance)
Excellent overview for the new auditor, organization management and new audit committee members.
Kevin Murray
(Business Partner - Strategic Projects at The Wesson Group)
This course gives a very good perspective of the broad requirements of managing an IA department.
Anonymous
(Senior Associate IA)
I think the instructor does a great job explaining the information and providing good examples.
Anonymous
(Chief Strategist)
I love the discussion points within this presentation. More discussions like this are needed.
Cristina Palacios
(Senior Internal Auditor at CommunityBank of Texas)
Great information on how to build effective relationships with Management and the AC.
Anonymous
(Business Manager)
Provides practical steps for IA management to take in leading/supporting the function.
Anonymous
()
This course provides guidence on cooperating between IA and other compliance functions
Anonymous
(Senior Internal Auditor)
This was an interesting training course describing the importance of IA and changes
Anonymous
(Sr. Director)
This course provided great insight into the audit function and the different roles.
Anonymous
(Audit Manager)
Lynn presents a thorough presentation on the role of IA in a changing environment.
Gerry Gaffney
(Risk Management Consulting at GJ Gaffney LLC)
It is clear that the presenter (Ms. Fountain) has great experiences to share.
Anonymous
(Senior Accountant)
Well organized and presented. Easy to understand despite not working in IA.
Youlanda Williams
(Program Analyst at VA - U.S. Department of Veterans Affairs)
Very useful information. engaging and very easy to follow and understand.
Jennifer Welch
(AVP Internal Auditor III at Community Bank of Texas)
Great information! Easy to understand and overall meaningful content....
Anonymous
(Auditor)
This is a great course that offers for new managers of an IA department.
Anonymous
(Deputy IG)
The instructor was highly knowledgeable and experienced in this arena.
Anonymous
()
Course fully met objectives and was. very informative and educational.
Anonymous
(Senior Associate)
This course helped me strengthen my understanding of IA fundamentals.
Monica Banman
(CPA, CMA at NJB Accounting Services)
The instructor is extremely well-versed in all aspects of this topic
Greg Vaughn
(Director of Accounting and Finance at Pinelake Church)
Requires understanding of the internal audit function...good course
Raveendran Madappattu
View Instructor Profile
Well explained and carefully designed presentation. Well done!!!
Sophia Kasozi
(- at City of Edmonton)
Great review and refresher on the Internal Audit Function.
Edmeire Oliveira
(Director of Accounting Latam at Blue Loop Capital)
interesting subject, well distributed , good instructor
Anonymous
()
This was an excellent course. I learned a lot from this.
Bruce Hunt
(VP Finance at Hunt FP&A Insights)
Very comprehensive and useful perspective on key issues
Anonymous
(Internal Audit)
This is my favorite instructor on here. Great course.
Michael OConnor
(Retired at Retired)
Very helpful end to end coverage of topic.
Anonymous
(Controller)
Interesting primer for a non-IA person.
Anton Chornyi
(Group Internal Audit Officer at Ferrexpo)
Very practical and well presented.
Prasanna Thiruvenkatachari
(Partner at Shree Accounting LLC)
Good refresher of basic concepts
Anonymous
()
a bit basic, but good review.
Anonymous
(-)
It was a very good course
James Gately
(CPA at Self-employed)
Great Presentation
Charles Elwis
(Insurance Broker at Health Guys)
Met objectives.
Anonymous
(Chief Financial Officer)
Good review!!
Kevin Barnes
(- at Next Level Solar)
Great course
Anonymous
(Risk and Control Manager)
Good course
Anonymous
(Sr. Institutional Fixed Income Trader)
Thanks
Vahé Hovakimian
(Financial Analyst at Great Place to Work Institute)
Great!
Tania Roberts
(Revenue Accountant at OEConnection, LLC)
great!
Patrenia McAbee
(Owner at McAbee Consulting)
Good
Anonymous
(Global Technical Accounting Policy)
1
Anonymous
(Sole Practitioner)
4
Prerequisites
Course Complexity: Intermediate
No Advanced Preparation or Prerequisites are needed 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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- Email: info@illumeo.com
- Phone: 408-400-3993
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