I. Annual Risk Assessment
a. What is a Continuous Risk Assessment?
b. Assessment modes
c. Assessing Emerging Risk
II. Foundational Pieces of Successful Internal Audit Departments
III. Audit Cycle
a. Audit Planning
i. Formality of Engagement Risk Assessment
ii. Utilizing a True Top-Down Risk-Based Approach
iii. What should I test and why?
iv. Building an Effective and Efficient Audit Workprogram
b. Fieldwork
i. Timing & Contents of PBC List
ii. Sampling Methodology
iii. What support to keep and why?
iv. Presenting Observations to Clients
c. Reporting/Wrap-Up
i. Do We Even Need a Formal Report?
ii. Timing of Audit Report
By ALAN GOLDEN