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Foundations for a Strong Internal Audit Department


Total Credits: 2 including 2 Auditing- Technical

Average Rating:
   4.3
Category:
Accounting and Auditing |  Partner Produced
Faculty:
Lynn Fountain, CGMA, CRMA, MBA
Course Levels:
Intermediate
Duration:
2 Hours
License:
Access for 30 day(s) after program date.

Please Note: Programs with a ☾ insignia begin after 5pm or air on the weekend.

Description

This session provides insight on the realities of internal audit management roles, and the elements needed to build a strong internal audit department to provide the most value for your company.

 

The Institute of Internal Auditors (IIA) has done a tremendous job raising the profile of the auditing profession. As auditors, we strive to abide by the standards and guidelines. But have you ever asked management within your company if they knew such standards existed? Do they truly understand the concepts of risk-based auditing, independence and obligations to the board or charter requirements? It is surprising how so many of these basic concepts are taken for granted by auditors and that we assume management is aware.

Individuals considering an internal audit management role should understand the challenges as well as benefits that may be presented to them within this role. It is critical that certain elements of the job be well understood by those holding the positions. This session is designed to step into the reality of the internal audit management role and discuss some of the concepts that aren’t always openly discussed within organizations…but are important concepts the internal audit manager should ensure they can clarify with management and be prepared to address on the job.

Basic Course Information

Learning Objectives
  • Explore critical components of upholding your internal audit charter.
  • Evaluate the definition and requirements of risk-based auditing.
  • Determine the meaning of developing an independent audit plan.
  • Understand how to deal with management when they respond negatively to an issue.

Major Subjects
  • rnal audit definition challenges
  • Independence challenges
  • Charter challenges
  • Authority challenges
  • Actions
  • Reporting challenges
  • Introduction to risk-based auditing
  • Risk-based auditing: steps and understanding
  • Identifying, responding and concluding on risk
  • Independence of audit plan
  • When management says NO

Course Materials

Faculty

Lynn Fountain, CGMA, CRMA, MBA Related seminars and products: 4


Lynn Fountain has over 37 years of experience spanning public accounting, corporate accounting and consulting. 22 years of her experience has been working in the areas of internal and external auditing. She is a subject matter expert in multiple fields including internal audit, ethics, fraud evaluations, Sarbanes-Oxley, enterprise risk management, governance, financial management and compliance. 

Ms. Fountain has held two Chief Audit Executive positions for international companies. In 2011, as the Chief Audit Executive for an international construction/ engineering firm, she was involved in the active investigation of a joint venture fraud.  The investigation included work with the FBI and ultimately led to indictment of the perpetrators and recovery of $13M.  Ms. Fountain is currently engaged in her own training and consulting business and is a regular trainer for the AICPA.

Ms. Fountain is the author of three separate technical books.  “Raise the Red Flag – The Internal Auditors Guide to Fraud Evaluations” was published by the Institute of Internal Auditors Research Foundation. “Leading The Internal Audit Function” and “Ethics and The Internal Auditor Political Dilemma” were published by Taylor & Francis In addition,

Ms. Fountain has performed as an adjunct instructor for the School of Business for Grantham University and developed the first internal audit curriculum for the School of Business at the University of Kansas.  Ms. Fountain obtained her BSBA from Pittsburg State University and her MBA from Washburn University in Kansas. She has her CGMA, CRMA credentials and CPA certificate (non-active).


Dates

Fri, Dec 27, 2019 - 01:30p to 03:30p CST
Wed, Jan 15, 2020 - 10:30a to 12:30p CST
Mon, Feb 03, 2020 - 08:00a to 10:00a CST
Mon, Mar 30, 2020 - 01:00p to 03:00p CDT
Thu, Apr 23, 2020 - 09:30a to 11:30a CDT
Thu, May 21, 2020 - 02:30p to 04:30p CDT
Sat, Jun 13, 2020 - 08:30a to 10:30a CDT
Tue, Jun 30, 2020 - 02:30p to 04:30p CDT

Additional Info

Basic Course Information

Prerequisites None
Advanced Preparation None
Designed For All CPAs
Original Recording Date 10/11/2018
Yellow Book No
Course Developer MICPA
Date Added to Catalog 09/03/2018

Additional Information

Complaint Resolution Policy Please contact Anne Taylor for any complaints. anne.taylor@acpen.com, (972-377-8199).
Official Registry Statement Business Professionals' Network, Inc. is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org
Instructional Delivery Method Live Group Internet Based
Course Registration Requirements Online Registration
Refund/Cancellation Policy Please contact the ACPEN help desk 1-877-602-9877 or help@acpen.com if you wish to cancel your attendance for a previously purchased webcast and are requesting a refund or transfer.

Promo Video

Reviews

5
4
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1

Overall:      4.3

Total Reviews: 34

Comments

Henry B

"Very good presentation"

Carrie L

"Thank you."

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