CPE: 1.5 hours

Field of Study: Communication

Knowledge Level: Basic

Prerequisites: None

The IIA Standards require internal auditors to consider fraud risks in each audit engagement. Understanding the types of fraud that your organization is vulnerable to is imperative to developing the right antifraud activities. This session will focus on the importance of fraud risk management, including the cost of fraud, and how internal audit can incorporate fraud auditing into their audit plan. The session will also include a discussion of the methods for identifying fraud risks (e.g. brainstorming sessions, interviews) and potential red flags and will explore the components of an effective fraud risk management program based on COSO guidance.

The learning objectives for this session include:

1. Understand the types of fraud that your organization is susceptible to and the related cost of fraud.
2. Learn how to incorporate fraud auditing into your audit plan and how to identify fraud risks as part of the planning and execution phases of an audit.
3. Explore key components of an effective fraud risk management program based on COSO.

CPE: 1 hour

Field of Study: Auditing

Knowledge Level: Basic

Prerequisites: None

The Committee of Sponsoring Organizations of the Treadway Commission (COSO) is well known for its Internal Control and ERM frameworks. Additionally, COSO provides guidance and thoughts leadership on risk management, internal control and fraud deterrence.

COSO has been busy in the last year, updating previous guidance and issuing new guidance. The Chairman of COSO will help participants in this session better understand and manage cyber, blockchain and compliance risks and controls.

At the end of this session, participants will be able to:

1. Understand how to apply risk management principles
2. Understand recent guidance related to cyber risk and creating and protecting value
3. Understand upcoming guidance, particularly related to risk appetite, compliance risk, and blockchain

CPE: 1 hour

Field of Study: Auditing

Knowledge Level: Basic

Prerequisites: None

Artificial intelligence or “AI” is often referred to though the capabilities of AI are generally not well understood as well as the value that may be obtained. There isn’t yet even a single set of AI terminology that can be agreed upon to use. Tanmay will answer the questions of what AI is, what it's capable of, what it’s not capable of, and how might AI be used by internal auditors in their professional and personal lives.

During the presentation, Tanmay will display transforming examples of this power.

CPE: 1.5 hour

Field of Study: Information Technology

Knowledge Level: Basic

Prerequisites: None

This session is designed to reinforce the need for discipline and commitment from internal auditors to pursue continuous monitoring to drive audit strategy and influence enterprise actions. Session topics will take participants through ideas about why continuous monitoring is important, how to commit to it, how to perform it, common pitfalls, and finish with ideas around how to optimize relationships to influence actions. Examples of communications, agendas, templates, and methodologies are shared to connect ideas to practice. Participants should leave the session motivated to take the risk and commit to continuous monitoring in a way they haven’t in the past.

The learning objectives for this session are:

1. Introduce and define continuous monitoring for any internal auditors that are unfamiliar
2. Reinforce the importance of continuous monitoring and how it can enhance strategy, as well as influence enterprise actions away from audits
3. Motivate internal auditors to apply discipline and commitment when pursuing continuous monitoring

CPE: 1 hour

Field of Study: Auditing

Knowledge Level: Basic

Prerequisites: None

Culture generates a ripple effect throughout the organization, impacting the organization’s performance, its brand and reputation.

Internal Audit’s unique position within an organization enables it to gain knowledge and insight about the business in its entirety and understand the pressure points. Auditors utilize their skills at evaluating the adequacy and effectiveness of governance, risk management, and controls to analyze performance gaps, root causes and evaluate action plans. IA is independent, objective, and is trained to maintain confidentiality, yet speak up when needed on sensitive issues.

IA is uniquely positioned to assist its stakeholders in creating and promoting the desired culture, as well as evaluating, monitoring, and enhancing corporate culture. As such, culture audit is among those “big impact audits” that can bring about significant, pervasive changes to the organization. This session will focus on using the Governance and Internal Audit Maturity Model to determine the relevant corporate culture assurance and advisory services.

The learning objectives for this session are:

1. Define corporate culture
2. Recognize the drivers for culture audit
3. Begin to offer, expand or optimize culture audit services

CPE: 1 hour

Field of Study: Auditing

Knowledge Level: Basic

Prerequisites: None

CPE: 1 hour

Field of Study: Auditing

Knowledge Level: Basic

Prerequisites: None