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New Auditor Tools and Techniques (OFFERED VIRTUALLY)

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Date(s): May 18, 2020 - May 21, 2020
Time: 8:15AM - 11:50AM
Registration Fee: $399.00
Cancellation Date: May 15, 2020
Location: Virtually
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Course Description

THIS COURSE WILL BE HELD VIRTUALLY.

New auditors need to start somewhere, start here! This course covers the fundamentals needed for a new auditor to be successful and immediately start contributing. The entire audit cycle will be reviewed from planning to report issuance to post-audit follow up. New auditors will gain an understanding of governance, internal control environments and frameworks as well as client relationships. Participants can expect to gain insights and techniques they can apply immediately.

This course is designed for internal auditors with 0-3 years’ experience who want to learn tools and techniques to build or improve their audit skills. The course is taught with an interactive approach through a combination of lecture, discussions, small group and individual exercises and real-world case studies.

Class will be held 8:15 am to 11:50 a.m. each day.


Potential CPE Credits: 16.0
Govt Hours: This class meets 16.0 hours of the 24-hour requirement for governmental CPE under Government Auditing Standards (yellow book), in most cases.
Technical Hours: This class meets 16.0 CPE credits of technical training in compliance with Texas Admin. Code Rule 523.102.

Instruction Type: Live
Experience Level: BEGINNING
Category: 02 Auditing

Course Objectives

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

• Identify the core elements of the International Professional Practices Framework (IPPF).

• Identify the components of the COSO Internal Control Framework.

• Understand the roles and responsibilities of audit management, lead auditor, auditee, and auditee management.

• Understand the components of the audit planning.

• Learn effective interviewing skills.

• Identify best practices for conducting an audit risk assessment, walkthrough, and audit program development.

• Understand process documentation methods.

• Learn best practices for audit observations and findings and recommendations.

• Understand what makes for effective reporting.

• Demonstrate the steps necessary to wrap up the audit after the report is issued.

• Recognize the formal quality assurance standards that the internal audit function is required to follow.

 

 

 


Prerequisites

Prerequisites: Participants should come with a basic knowledge of the auditing process. Participants will need a microphone, a computer/tablet and an internet connection to participate.

[GAGAS, 4.23(q)]


Instructors

Michael Fucilli

C.I.A. QIAL, CRMA, CGAP, CFE

 

Auditor General – Metropolitan Transportation Authority

Responsible for the internal audit function for a company with an operating budget of over $15 billion and a capital program of $5 billion. Monitor budget of $10 million with a staff of 102 professionals. Responsibilities include providing audit coverage for MTA HQ and its’ Agencies consisting of NYC Transit, Long Island Railroad, Metro North, Bridges and Tunnels and MTA Bus, MTA Capital Corp. Develop a comprehensive risk based audit plan approach. Established internal Integrity Monitoring Audit Section, approved by the Federal Transportation Authority for Superstorm Sandy Federal Funds of over $4 Billion. Performed key consulting type engagements that included the development process of the MTA All Agency budget that totals more than $20 billion, establishment of quarterly financial statements and creation of the Business Service Center. Extensive knowledge of Sarbanes Oxley requirements and led numerous internal control assessment reviews. Identified savings of over $100 million annually. Conducted numerous quality assurance reviews of major transit properties in the U.S. Member MTA’s Executive Team. Report directly to the Chairman and Audit Committee of the MTA’s Board of Directors. Frequent speaker at auditing events on key current topics.

 


Additional Information

TAC Rule 523.142(g) requires the CPE Sponsor to monitor individual attendance and assign the correct number of CPE credits. Participants will be asked to document their time of arrival and departure in compliance with this Rule. Additionally, attendance will be monitored throughout the day and CPE certificates will reflect actual attendance of each participant.


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