Surgent's IA Module 4 -- Maximizing Internal Audit (IA) Value, Coverage, Assurance and Reliance

Overview

The “name of the game” in virtually any business (or profession), and most certainly for Internal Auditors, is adding the greatest possible value to and for all stakeholders of that business/profession. Internal Auditors serve a wide variety of stakeholders who place major reliance on their work. Maximizing IA value in terms of assurance levels expected by and relied on by its stakeholders is critical and can only be achieved through optimal assurance coverage execution and highly effective stakeholder communications and reporting.

By exploring the many roles and services through which an internal audit group can add value throughout any organization, this course provides a roadmap for Internal Auditors in their quests to maximize value for all stakeholders, both internal and external, of their organizations.

Highlights

• IAs’ unique and vital value-adding propositions
• SOX (Sarbanes Oxley Act) impact on the (Internal and External) auditing profession
• Key IA assurance coverage roles and responsibilities regarding:
  • Strategic and entity-level controls and objectives
  • Internal Control over Financial Reporting (ICFR)
  • Operations efficiency and effectiveness
  • Compliance with laws and regulations

• Optimizing Internal/External Audit (and other Independent Assurance Activities) coordination and reliance (for SOX and non-SOX engagements):
  • Maximizing assurance coverage efficiencies and effectiveness
• Achieving excellence in stakeholder servicing and value adding

Prerequisites

Experience/interest in or general knowledge of internal auditing

Designed For

Internal audit (IA) professionals at all levels, including consultants providing IA outsourcing, co-sourcing and/or related services, and external auditors providing IA services and/or who coordinate coverage with and place reliance on the work of IAs.

Objectives

• Gain greater appreciation of an Internal Auditor’s varying and extensive value-adding impact and roles
• Enhance knowledge of significant SOX-related impact and requirements placed on the auditing profession
• Clarify the major roles and responsibilities of Internal Auditors from a primary coverage perspective as related to key organizational controls/objectives
• Identify opportunities for maximizing IA value from a multi-stakeholder assurance and reliance coverage perspective

Preparation

None

Notice

This on-demand webcast can be taken at any time of your choosing and is valid for one year from the date of purchase. No live instructor is present, and an exam is required to earn credit. You must score 70% or higher to earn the certificate.

How do I access my Self-Study Package?

Visit https://www.surgentcpe.com/login and enter your username (your LCPA email address) and password. If you do not remember your password, press the "Forgot?" button to receive a password reset email. Once logged in, the page will refresh to display your account menu on the left side.