This course is the final part of the three-part series on Managing the Internal Audit Function. We examine concepts around resource management, communicating effectively, and enhancing quality. These courses move beyond the dictates of the GIAS and discuss methods to utilize to effectively manage the function.

The Global Internal Audit Standards (GIAS) articulate how an effective internal audit function should operate. The concepts are outlined primarily in Domain IV – Managing the Internal Audit Function. Domain IV provides the CAE a framework to establish the internal audit function.

The first segment of this session looked at Domain IV and the first two Standards within that domain. (Standard 9.1 and 9.2). Part two of this segment focused on Domain IV Standards 9.3 through 9.5, managing the internal audit methodology, internal audit plan and aspects of coordination and reliance. Part three (this segment) focuses on the final standards in Domain IV related to managing resources, communicating and quality.

Other courses of this series are:
Managing the Internal Audit Function in Line with GIAS - Part 1
Managing the Internal Audit Function in Line with GIAS - Part 2

Learning Objectives
  • Explore and evaluate internal audit resource management strategies.
    • Standard 10.2 HR Management
      • Evaluate External Service Providers
    • Standard 10.3 Technology resources
  • Explore and examine IA communication processes.
    • Evaluate Principle 11 Communicate Effectively
    • Standard 11.2 Effective Communication
    • Standard 11.3 Communicating results
    • Standard 11.4 Errors and Omissions
    • Standard 11.4 Communicating Acceptance
  • Identify and evaluate Principle 12 – Enhance Quality.
    • Standard 12.1 Internal Assessments
    • Standard 12.2 Performance Measurements
    • Standard 12.3 Oversee and Improve engagement results
Last updated/reviewed: October 2, 2024

Included In Certifications

This course is included in the following Certification Programs:

32 CoursesInternal Controls and Internal Audit Certification

  1. Internal Audit Standards Overview
  2. Managing the Internal Audit Function in Line with GIAS - Part 1
  3. Managing the Internal Audit Function in Line with GIAS – Part 2
  4. Managing the Internal Audit Function in Line with GIAS – Part 3
  5. Executing the Internal Audit Engagement in Line with GIAS – Part 1
  6. Executing the Internal Audit Engagement in Line with GIAS – Part 2
  7. Identifying and Implementing the Proper Balance of Internal Controls
  8. Documentation Methods For Internal Control Processes
  9. Segregation of Duties for Core Business Processes
  10. Foundations for a Strong Internal Audit Department
  11. Internal Audit Management - Top Skills
  12. Internal Audit: Keys to Managing an Effective Function
  13. Understanding Risk-Based Auditing
  14. Risk Based Auditing – Establishing a Methodology
  15. Risk Based Auditing – Applying the Methodology
  16. Cyber Risk Frameworks And Concepts
  17. Information Technology (IT) Controls in Emerging Business Environments
  18. Fraud Risk Assessments
  19. Professional Skepticism - Keys to Maintaining
  20. Introduction to Forensic Accounting
  21. The Fraud Triangle
  22. Internal Audit Effective Relations with the Audit Committee
  23. COSO 2013 Overview
  24. COSO 2013 - Operational Execution
  25. Internal Audit Emerging Risks for 2021 and Beyond - Part 1
  26. Internal Audit Emerging Risks for 2021 and Beyond - Part 2
  27. Internal Audit Emerging Risks for 2021 and Beyond - Part 3
  28. Internal Audit Emerging Risks for 2021 and Beyond - Part 4
  29. Internal Audit Challenges During Times of COVID
  30. Global Internal Audit Standards (GIAS) - Overview and Contrast to 2017 International Professional Practices Framework
  31. Tools for Internal Control Certificate
  32. Lessons of an Auditor- Tools for Internal Control Certificate
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 .
Instructor for this course
  Course Overview CPE
Course Syllabus
INTRODUCTION AND OVERVIEW
  Introduction to Managing the Internal Audit Function in Line with GIAS – Part 33:40
  Resource Management13:30
  Standard 10.2 HR Management25:26
  External Service Providers3:10
  Standard 10.3 Technological Resources6:42
  Principle 11-Standard 11.2 Effective Communication11:52
  Standard 11.3 Communicating Results13:46
  Standard 11.4 and 11.54:30
  Principle 12 Enhance Quality and Standard 12.113:40
  Standard 12.2 Performance Measurements7:22
  Standard 12.3 Oversee and Improve Engagement Results7:08
  Summary1:36
CONTINUOUS PLAY
  Managing the Internal Audit Function in Line with GIAS – Part 31:52:22
SUPPORTING MATERIAL
  Slides: Managing the Internal Audit Function in Line with GIAS – Part 3PDF
  Managing the Internal Audit Function in Line with GIAS – Part 3 Glossary/IndexPDF
REVIEW AND TEST
  REVIEW QUESTIONSquiz
 FINAL EXAMexam