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Internal Audit and especially the Chief Audit Executive (CAE) are expected to be the "independent ear" on the business for the audit committee.  Yet, any organizations have difficulty accepting that role.

As a past CAE, I have experienced both success and failure working with the audit committee, and in each situation I took away critical learnings.  This course shares the important lessons learned to assist internal audit in developing strong and lasting relationships with critical stakeholders.

Learning Objectives
  • Explore the top 5 Lessons learned when dealing with the audit committee
  • Recognize keys to building effective communications with the committee
  • Explore how to gain the confidence of the audit committee
  • Explore how to balance management concerns with audit committee relationships 
Last updated/reviewed: August 24, 2023

Included In Certifications

This course is included in the following Certification Programs:

28 CoursesInternal Controls and Internal Audit Certification

  1. Internal Audit Standards Overview
  2. Internal Audit Standards - Managing Internal Audit Work
  3. Internal Audit Standards - Executing the Audit Engagement
  4. Identifying and Implementing the Proper Balance of Internal Controls
  5. Documentation Methods For Internal Control Processes
  6. Segregation of Duties for Core Business Processes
  7. Foundations for a Strong Internal Audit Department
  8. Internal Audit Management - Top Skills
  9. Internal Audit: Keys to Managing an Effective Function
  10. Understanding Risk-Based Auditing
  11. Risk Based Auditing – Establishing a Methodology
  12. Risk Based Auditing – Applying the Methodology
  13. Cyber Risk Frameworks And Concepts
  14. Information Technology (IT) Controls in Emerging Business Environments
  15. Fraud Risk Assessments
  16. Professional Skepticism - Keys to Maintaining
  17. Introduction to Forensic Accounting
  18. The Fraud Triangle
  19. Internal Audit Effective Relations with the Audit Committee
  20. COSO 2013 Overview
  21. COSO 2013 - Operational Execution
  22. Internal Audit Emerging Risks for 2021 and Beyond - Part 1
  23. Internal Audit Emerging Risks for 2021 and Beyond - Part 2
  24. Internal Audit Emerging Risks for 2021 and Beyond - Part 3
  25. Internal Audit Emerging Risks for 2021 and Beyond - Part 4
  26. Internal Audit Challenges During Times of COVID
  27. Tools for Internal Control Certificate
  28. Lessons of an Auditor- Tools for Internal Control Certificate
11 Reviews (54 ratings)

Reviews

4
Anonymous Author
Helpful information was presented in this course, it serves as an informative guide to put a "best foot forward" in regards to developing a relationship with the audit committee. I would reccommend this course to internal audit management/leadership interesting in better understanding the relationship between Internal Audit and the Audit Committe.

5
Member's Profile
Excellent training like all her trainings. Very practical and useful for us, auditors. I have to say that questions were confusing I do not know if these were confusing on purpose or because there was no other way of writing these. Overall an excellent presentation.

5
Anonymous Author
One more awesome course from Lynn and one step closer to my Internal Control Certification. The content of this course is very unique in my opinion and can be developed only by very experienced professional with many references to real life examples. Thank you Lynn!

4
Anonymous Author
The course was very informative and effectively explained the importance of building effective relationships with the Audit Committee. Great course for anyone in the internal audit field.

3
Anonymous Author
Most of the material was repetitive, but still relevant. Distracting errors in the presentation. A large portion of this lesson was presented as questions

4
Anonymous Author
These trainings are very helpful. Great quick guide on how to build stronger relationships with the audit committee

3
Anonymous Author
This course is a nice breakdown of how to build effective relationships with your companies Audit Committee.

4
Member's Profile
Good presentation on how to gain confidence of the Audit Committee.

5
Anonymous Author
Good information that should be revisited frequently.

4
Anonymous Author
It was a very good course

5
Member's Profile
Very helpful

Prerequisites
Course Complexity: Advanced

No Advanced Preparation or Prerequisites are needed 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 .
Instructor for this course
Course Syllabus
  Institute of Internal Auditors Update 20243:22
  Institute Of Internal Auditors Update 202312:45
INTRODUCTION AND OVERVIEW
  Introduction to Building Effective Relationships with the Audit Committee7:18
Top Lessons of Internal Audit
  Lesson 1 IA Standards7:29
  Lesson 2 The Perceived Role of IA10:23
  Lesson 2 (Continued)6:37
  Lesson 3 Telling vs. Asking11:38
  Lesson 4 Charters 3:19
  Lesson 5 Reporting Methods3:44
Communication and Confidence
  Keys to Communication 8:13
  Gaining AC Confidence 6:02
CONCLUSION
  Balancing Management Concerns 8:19
Continuous Play
  Internal Audit: Keys to Building Effective Relationships with the Audit Committee1:13:03
SUPPORTING MATERIALS
  Slides: Institute Of Internal Auditors UpdatePDF
  Slides: Internal Audit Effective Relations with the Audit CommitteePDF
  Internal Audit Effective Relations with the Audit Committee Glossary/IndexPDF
REVIEW and TEST
  REVIEW QUESTIONSquiz
 FINAL EXAMexam