Audit Project Management

How to plan and deliver an audit project

This seminar presents project management techniques in the context of the audit life cycle, taking into consideration that the project plan needs to incorporate how the audit interacts with and in some cases depends on other areas of the business.

Do you consider a planned audit, the development of a new business process or a special investigation as a project on its own right? Do you consider a strategic audit plan as a program of projects? If so, you need to apply project programme and project management techniques to deliver your audits on time, in scope and within budget.  And this is more than simply allocating time or recording.  It requires an understanding of objectives and resource management, as well as target achievement, some of which may be outside your direct control as an auditor. 

To reinforce the theory that is presented in class, the course uses case studies that require participants to apply project management techniques to the strategic and tactical audit of a world-wide resource monitoring and billing system.  Participants work in syndicate groups of four or five.

Learning outcomes

At the end of the workshop the delegates will be able to apply project management techniques to audit at both the strategic and tactical level.  They will be able to:

  • Identify their role as auditors when managing, implementing or participating in any part of an audit project
  • Understand the difference between a strategic audit plan and an individual audit project
  • Specify audit goals and deliverables for the different types of audit project
  • Plan an audit program or project
  • Estimate resources and cost
  • Identify key performance indicators
  • Monitor the phases of an audit project
  • Use monitors and early warning indicators
  • Produce relevant progress reports
  • Confront any challenges during the audit project
  • Identify and resolve problems during the project

Download full description of the course (.pdf 571 KB)

Topics

The challenges

  • The role of audit
  • Delivering on time, on budget
  • Delivering what is required
  • Staying within audit's control
  • Managing issues outsode audit's control
  • Strategic programme
  • Tactical project

Group work exercise:  Scope exercises (strategic and tactical)

The Audit project

Type of audit project

  • Assurance
  • Conformance
  • Performance
  • New process
  • Investigation

Estimation

  • Audit staff time
  • Client staff time
  • Travel time
  • Expenses

Group work:  Recovery Rate Exercise

Project components

  • Planning
  • Fieldwork
  • Reporting
  • Follow-up

Group work: Staffing Exercise

Resovling issues within the audit project

  • Embedded monitors
  • Early warning indicators
  • Resolution

Group work: Change exercise: dealing with unforeseen changes requested by the client

Group work: Change exercise: dealing with changes in scope

Project reporting

  • Key concepts
  • What really matters
  • Frequency

Group work: Reporting exercise

The instructor: Dr. John Mitchel, Managing Director, LHS Business Control

John Mitchel is an international authority on corporate and IT governance, the management of audit departments and the impact of regulatory and compliance issues on the delivery of assurance services. He has presented papers on these subjects and was recently awarded ISACA's prestigious John Kuyers award for best conference contributor.  He has over 30 years practical audit experience, he is a Chartered Engineer, Chartered Information Technology Professional, a Certifed Fraud Examiner, a Certified Information Systems Auditor, Certified in the Governance of Enterprise IT, a Fellow of the Institute of Internal Auditors and a Fellow of the British Computer Society where he is a member of its governing Council.

Information

Course Code 1017
Department Vocational Training
Instructor Dr. John Mitchel, CE, CITP, CFE, CISA, CGEIT
Instruction Languages EN
Level Intermediate
Prerequisites Participants should have internal audit and/or IT audit experience
Who should attend Audit managers, senior auditors and others involved in audit planning and delivery processes
Certificate of AttendanceYes
Certification Track CISA, CISSP, CISM, PMP, IPMA
Continuing Education Credits 16 PDUs, 16 CPEs
Offered OnlineNo
Available to Buy OnlineNo

Schedules

Days and Hours Start Date End Date Hours per Week
Mon-Tue, 9.00-17.00 17/10/2011 18/10/2011 16
Last Update At: 2014/02/04 - 08:55:34

  

Worth Visiting 

 Hellenic American Union

Business Management Consultants

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Quality Standards

ISO 9001:2008 Certified

ISO

Operations and Vocational Training

Where to find us

Massalias 22, (7th floor)
10680 Athens
Telephone:
Business Programs: 2103680907, 2103680927
Fax: 2103633174
Email: project@hau.gr,
http://projectmanagement.hau.gr

 

 

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