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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 

Included In Certifications

This course is included in the following Expert Certifications:

17 CoursesInternal Controls and Internal Audit Certification

  1. Internal Controls: What Every Financial and Accounting Professional Needs to Know
  2. COSO 2013 Framework Requirements and Implementation Overview
  3. Applying the Standards for Internal Auditors in Line with Your Organization's Needs - Part One
  4. Applying the Standards for Internal Auditors in Line with Your Organization's Needs - Part Two: Managing Internal Audit and Nature of Work
  5. Applying the Standards for Internal Auditors in Line with Your Organization's Needs – Part Three: Executing the Audit Engagement
  6. Identifying and Implementing the Proper Balance of Internal Controls
  7. Proper Documentation Methods for Internal Audit and Internal Controls Processes
  8. Information Technology (IT) Risks in Emerging Business Environments
  9. Foundations for a Strong Internal Audit Department
  10. Keys to Managing an Effective Internal Audit Function
  11. Internal Audit: Keys to Building Effective Relationships with the Audit Committee
  12. Understanding Risk-Based Auditing
  13. Risk Based Auditing – Establishing a Methodology
  14. Risk Based Auditing – Applying the Methodology
  15. Segregation of Duties for Core Business Processes
  16. Keys To Maintaining Objectivity and Professional Skepticism
  17. When The Whistle Blows Part 2: Managing Whistleblower Hotlines

4 Reviews (29 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.
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 .
Course Syllabus
INTRODUCTION AND OVERVIEW
  7:18Introduction to Building Effective Relationships with the Audit Committee
Top Lessons of Internal Audit
  7:29Lesson 1 IA Standards
  10:23Lesson 2 The Perceived Role of IA
  6:37Lesson 2 (Continued)
  11:38Lesson 3 Telling vs. Asking
  3:19Lesson 4 Charters
  3:44Lesson 5 Reporting Methods
Communication and Confidence
  8:13Keys to Communication
  6:02Gaining AC Confidence
CONCLUSION
  8:19Balancing Management Concerns
Continuous Play
  1:13:12Internal Audit: Keys to Building Effective Relationships with the Audit Committee
SUPPORTING MATERIALS
  PDFSlides: Internal Audit
  PDFInternal Audit Glossary/Index
REVIEW and TEST
  quizREVIEW QUESTIONS
 examFINAL EXAM