Audit Planning & Risk Assessment

In this seminar, you'll learn how to set clear objectives after scoping out the issues and conducting a simple risk assessment. You'll also learn how to create rock-solid audit programs from scratch that help ensure that your team does not over—or under—audit.

The Risk Assessment SASs and the GAO performance audit standards ask us to design our audits intentionally; canned audit programs are discouraged. Vague audit objectives and canned audit programs produce uneven results and cause audit teams to waste precious audit time.

This program is designed for every auditor who has a sneaking suspicion that using canned audit programs may cause him or her to miss the boat or over-audit as well as for auditors seeking to comply with the new suite of Risk Assessment SASs.

LEARNING OBJECTIVES:
Upon successful completion of this course, participants will be able to:

• Discern which risk assessment models and documentation methods can help you comply with the standards.
• Set clear objectives and sub-objectives.
• Create actionable audit program steps to minimize fieldwork.
• Describe the steps of planning an audit.
• Gather information about the audit subject.
• Use the concept of stop-and-go auditing to get the most bang for your buck.
• Design robust methodologies.
• Break down a broad audit subject.
• Formalize the audit program.
• Set audit deadlines and budgets.