Live Webinar

100-minute live streaming program
  • October 25
  • 1:00 - 2:40 pm EST

Also available as:

OnDemand Course

Internal Auditing Fundamentals

October 25

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

An audit is time-consuming and stressful and can easily lead to negative consequences. A lack of understanding of how audits are structured and conducted hinders the process every step of the way. Although this course focuses on internal audits, or audits that an organization conducts upon itself, all audits are designed and performed in a similar manner. If you are the subject to an audit, this material will help you understand the process and will illustrate psychological techniques to thwart the auditors’ efforts every step of the way. If you are conducting the audit, this information will explain how not to get thrown off track by common tricks and traps. Whether you want to tank an audit or prevent it from getting derailed, this course provides unique insights you need to know before facing an audit.

Learning Objectives

  • You will be able to describe how audits are planned and performed.
  • You will be able to define different types of risks and controls to mitigate risks.
  • You will be able to discuss different methods of collecting and verifying audit evidence.
  • You will be able to recognize potential psychological tricks and traps that hinder audits.

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Why Lorman?

Over 35 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

Introduction
  • Defining Audits, Including Expectations and Limitations
  • Control Framework: A Great Guide to Get Started or to Hone Your Skills
  • The IIA, Certification, Internal Audit Departments
The Audit Process – Start to Finish, but Not a Linear Process
  • Planning
  • Conducting
  • Completion
Technical Terms in an Easy-to-Understand Format
  • Risks
  • Controls
  • Other Key Audit Elements
Tips and Techniques to Prevent an Audit From Being Successful
  • Overall Goals
  • Evidence
  • Additional Considerations
Conclusion – Keeping Things in Perspective
  • Always Focus on Risks
  • Audits: Sometimes a Necessary Evil, Sometimes to Be Loved
  • Questions and Answers
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Why Lorman?

Over 35 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 Auditing 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: www.nasbaregistry.org. 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: Auditing 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.
     

OnDemand Course

This course was last revised on July 13, 2020.

Call 1-866-352-9540 for further credit information.

This program does NOT qualify, nor meet the National Standard for NASBA accreditation.

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 35 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

Allen Pfeister, CPA, MBA, CIA, CMA, CFM

Allen Pfeister, CPA, MBA, CIA, CMA, CFM

Greenback Expat Tax Services

  • Served as an internal auditor for nine years with progressively increasing responsibilities, including establishing an internal audit department from the ground up
  • Currently a solo CPA practitioner offering assistance with international tax planning, tax return preparation, and audit assistance focusing on Americans living abroad
  • Developed and taught all classes for the Certified Public Account preparation bachelor’s degree program at Southern New Hampshire University’s South Korea campus
  • Lifetime member of the Institute of Internal Auditors
  • Certified Public Accountant, Certified Management Accountant, Certified Internal Auditor, and Certified Financial Manager
  • M.B.A. degree, with a specialization in Dr. Philip Harmelink’s Taxation program, University of New Orleans; bachelor’s degree in finance and accounting; completion of Dr. Glenn Sumner’s Internal Audit program at Louisiana State University
  • Can be contacted at [email protected] or 225-999-5032
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Why Lorman?

Over 35 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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  • State Specific Credit Tracker
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Questions? Call 877-296-2169 to speak with a real person.

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Product ID: 409684
Published 2020, 2022
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