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Live Webinar

100-minute live streaming program
  • July 13
  • 1:00 - 2:40 pm EST

Internal Auditing Fundamentals

July 13

Understand the fundamentals of an internal audit and recognize key risks and objectives when preparing for an internal audit.

Many people outside of internal audit groups do not understand the benefits of internal auditing. They believe internal audits only revolve around financial items and are similar to external audits. There are several types of internal audits that are not only compliance oriented but opportunities for process improvement and saving money. Part of the responsibility of the internal auditor is sell the positive attributes of internal auditing. The topic will include how to perform internal audits and sell your findings and conclusions. There will be stories from the field such as the Big Red Button, the oily fingers audit that saved over $1 million and how an internal audit turned a company’s $300 million division to a profit versus a deficit for the year. There will also be a discussion on getting out there in the field (site visits, calls, and observations). This material will also review internal audit reporting at various levels and discuss the benefits of networking and training in internal audit field and your industry.

Learning Objectives

  • You will be able to describe the fundamentals of an internal audit in a positive light.
  • You will be able to discuss how an internal audit can assist an organization meet its objectives and report on your findings and/or how the organization under audit is meeting its objectives.
  • You will be able to explain the different types of internal audits and the difference between internal and external audits.
  • You will be able to recognize key risks and audit objectives.

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Why Lorman?

Over 33 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Agenda

History of Internal Audit
  • Milestones (Examples 1 and 2)
    • 1941 Institute of Internal Audit (IIA) Established
    • 1989 United Nations Grants Consultative Status to the IIA
    • How Internal Audit Has Evolved
Type of Audits Definition
  • Auditing Versus Accounting
  • Types of Internal Audits
    • Operational
    • Financial
    • IT
    • Compliance
    • Management (Performance)
    • Fraud
    • Followup
    • Continuous
    • Management Consulting
    • Combination Audits
Internal Audit Standards
  • Standards Established by the IIA
  • Examples Include Independence and Planning
How-To and Examples
  • Establish Objectives
  • Identify Risk
  • Effective Fieldwork
  • Report Communication
  • Networking
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More Program Information

Why Lorman?

Over 33 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Credits

Live Webinar Registration

  • CPE 2.0 including Management Services 2
     
  • Lorman Education Services is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its web site: https://www.nasbaregistry.org/cpas/complaints. For more information regarding administrative policies such as complaint and refund, please contact our offices at 866-352-9539. CPE Credit: Maximum Credit Hours: 2.0 each session (based on a 50 minute credit hour). You must attend at least 50 minutes to obtain credit. Field of Study: Management Services for 2.0 hours. Prerequisite: basic knowledge of taxation. Level of Knowledge: Intermediate. Teaching Method: Seminar/Lecture. Advance Preparation: None. Delivery Method: Group Internet Based. Please refer to the information in this brochure for outline, course content and objectives. Upon completion of this course, you will receive a certificate of attendance. Final approval of a course for CPE credit belongs with each state's regulatory board. Please note: In order to receive CPE credit for this course you MUST use the streaming audio option, as well as enable and complete the required progress checks.
     
  • Lorman Business Center, LLC. is a registered provider for CPA CPE through the State Education Department of New York, Sponsor number: 000640. The following course will carry the subject area of Advisory Services for 2.0 hours.
     

Who should attend?

This live webinar is designed for accountants, tax managers, tax preparers, accounts payable professionals, bookkeepers, CFOs, controllers, business managers and owners, presidents, vice presidents, CEOs, operations managers and consultants.

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Why Lorman?

Over 33 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Faculty

David Naser

David Naser

JPAssociates, Inc.

  • Audit readiness leader for the Defense Logistics Agency (STORES Program) at JPAssociates, Inc.
  • Partner, Parente Randolph Accounting Firm
  • Audit director, The Boeing Company
  • Expertise on internal audit, risk management, and Sarbanes-Oxley Act
  • Conducted several seminars on internal audit, and Sarbanes-Oxley Act
  • Certified Internal Auditor, Institute of Internal Auditors (IIA)
  • Certified Fraud Examiner, Association of Certified Fraud Examiners (ACFE)
  • Certified Public Accountant, American Institute of Certified Public Accountants (AICPA)
  • M.S. degree, Central Michigan University; B.S. degree, Indiana University of Pennsylvania
  • Can be contacted at 610-304-9618 or [email protected]
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Why Lorman?

Over 33 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

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Product ID: 407069
Published 2020
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