CIAL

Internal Audit Leadership

This section of the program focuses on how the leadership team needs to develop the internal audit strategy taking into consideration the following:
→ Industry
→ Organizational Structure
→ Systems & Management Information Systems
→ Economy
→ Organizational Culture
→ History
→ Risk Management Maturity
→ Compliance Maturity
→ Anti-Fraud Ownership
→ Audit Committee Diversity
→ Capabilities of the Internal Audit team
At the end of this section we will address the practical challenges that audit functions face in developing and implementing the Internal Audit Plan enabling a more practical forwardlooking approach to audit planning.

Many training programs focus on Internal Audit Report Writing which mainly address the internal audit reports that are issued to individual departments. However, a critical aspect of reporting is that provided to the Audit Committee.
It is the Audit Committee report that makes a powerful impact in the Board room. Therefore, this program will address the most effective methods in writing AUCOM reports providing key insights as it relates to the most successful methods to keep the AUCOM engaged and supportive of internal audit recommendations.

Auditing governance represents a unique challenge for the Leadership Team of any Internal Audit Department. This unique challenge is mainly due to the sensitive nature of auditing governance processes that are mainly focused on the oversight capabilities of the Board of Directors and effective performance assessment of the senior management.
Many leadership teams address the governance audit from a purely regulatory compliance perspective not taking the opportunity to address critical governance areas that can significantly impact the effectiveness of the organizations internal control environment on the long run.
At the end of this section we would have identified the most effective methods to report on essential governance topics.

There are always differing points of views between the monitoring functions of any institutions as to exactly who should do what. This section provides new perspectives on how Internal Audit Leadership can address this dilemma in the most practical way possibly. We further address specific points to take into consideration during Risk Management & Compliance audits integrating this with the governance audit highlighted in the previous section.

We provide the Leadership team with insights regarding the recent trends impacting the internal audit profession with a focus on emerging risks most internal audit departments will be focusing on in 2021 and beyond.

“Take care of your team and they will take care of you” Keeping your internal audit team engaged, focused and passionate about the Internal Audit profession is a particularly challenging task. In this section we focus on how to address these challenges and how to ensure that your team is always motivated to assist their clients in achieving their departmental objectives.