4.0 CPE COVID-19 has impacted all professions and IA is no exception. As if communicating/conducting an IA on-site isn’t hard enough, now we face the challenges of remote work and a rapidly changing risk environment.
With the onset of the COVID pandemic in 2020, IA departments saw their audit plans changing and adapting. In many cases, internal resources were re-allocated to operational areas.
In addition to these challenges, IA saw challenges with:
- Emerging business risks and technologies
- Audit plan priorities
- Staff skills
- Department resources
Organizations, their environments and ways of working have evolved rapidly and in ways that had not been previously envisioned. Includes everything from reallocation of work responsibilities to being expected to conduct internal audits remotely. IA must look within to determine how to stay relevant and add value in this changing and emerging environment. It is important that IA is proactive and prepared, while remaining pragmatic, as the situation continues to evolve.
Learning Objectives
- Identify the challenges for auditors to stay relevant in a changing business environment.
- Examine challenges to the traditional audit process.
- Examine top emerging risks for IA in 2022.
- Evaluate the impact of the changing environment (due to COVID-19) on the work plan of IA.
- Explore and examine actions IA can take to address challenges.
- Explore the importance of upgrading the skills and exposure of the IA team.
- Recognize the role of technology in assuring a smooth transition to value-added auditing.
Last updated/reviewed: August 20, 2023
25 Reviews (161 ratings)
Reviews
Jason Mack
(VP Government Compliance at Jacobs)
With all the recent changes in the IIA and the standards this is a good refresher on things and helps to provide critical thinking on how to keep IA relevant and beneficial post covid.
Lawrence Hirsch
(Controller at Builders design)
Lynn,
The fact that I scored 90% is a testament to the strength of your course. I am a former member of IIA and took many courses, read the monthly magazine, however, never received the IA Certification credentials. Many years have passed and the world of IA has changed dramatically with the changes in technology and the volume of transactions. Your course has brought me up to snuff and I thank you. Great Course.
Larry
Anonymous
(Corporate Development)
"Future of Internal Audit" CPE course was valuable and comprehensive, covering latest trends and developments in the field. Instructor was knowledgeable and engaging. Highly recommend.
Jessica Flesher
(Supervisory Program Specialist at VA - U.S. Department of Veterans Affairs)
This was a good course and interesting. I hadnt thought about all of the recent challenges that my current environment and colleagues have recently faced.
Anonymous
(Internal Audit Manager)
Interesting course overall to think about the future of the profession and where it fits in. Definitely have to continue to "sell" the department's purpose.
Anonymous
()
Very interesting and detailed course on the future of Internal Audit and how the pandemic impacted how the IA function operates.
Anonymous
(Chair)
Excellent course with good updates on dealing with pandemic outcomes and the latest thinking on audit activities and planning.
Lorene Johnson
( at SeaOne Holdings)
Another great course, I am not in internal audit and was able to get a good understanding of the challenges and changes to IA.
Anonymous
(Consultant)
I always find the industry updates/studies to be really interesting. Lot's to think about going forward when evaluating risk.
Jose Ponce
(Senior Auditor II at CIBC US)
Very interesting course and overview of the effects from the Pandemic and proposed responses for the Internal Audit Activity
Anonymous
()
Very interesting course and it will be fascinating to see how COVID continues to upend the previous working contract.
Anonymous
(Financial Reporting)
Course was well thought out and had a lot of great information to be applied to IA of a company. Thanks!
Youlanda Williams
(Program Analyst at VA - U.S. Department of Veterans Affairs)
I am an internal auditor who works remotely and this information is very helpful and insightful.
Vincent Crisco
(Vice President at SMBC)
this was a good class on the future of Internal Audit. A lot of which is being seen today.
Anonymous
(Supervisor)
Good Course. Materials supported the presentation. Exam had understandable questions.
Sam Grosoff
(Associate at RSM)
I really enjoyed the overview of the future of internal audit and audit practices
Anonymous
()
Course was a very good overview of challenges for IA, instructor was engaging
Darin Woehl
(Program Analyst at VA - U.S. Department of Veterans Affairs)
Great information as IA moves forward in an ever changing environment.
Anonymous
()
A little dull but it is what I expected. It is Internal audit afterall
Anonymous
()
Great course with up-to-date examples. Learned plenty to apply later.
Anonymous
(CEO)
Great course and content. It was well laid out and easy to follow.
Anonymous
(Finance Director)
Course covered a wide range of topics relating to internal audit.
Anonymous
(Sr. Program Manager)
Great and thorough content. Presenter is excellent per usual.
Anonymous
(Senior Revenue Manager)
I enjoyed this course, and I found it very informative
Baechang Choi
(Manager at KPMG Korea)
Reasonable issues what Internal auditor should know
Prerequisites
Course Complexity: Foundational
No advanced preparation or prerequisites are required for this course.
Education Provider Information
Company:
Illumeo, Inc., 75 East Santa Clara St., Suite 1215, San Jose, CA
95113
Contact:
For more information regarding this course, including complaint and
cancellation policies, please contact our offices at (408) 400- 3993 or send an e-mail to
.
Lynn FountainCPA, CGMA, CRMA, MBA, Consultant, Author, Trainer
About Illumeo
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