AFI110Complete Guide for Effective Lead Internal Auditor

COURSE SUMMARY

This comprehensive course covers the organisational, time management and problem solving skills necessary to manage a successful internal audit team.

COURSE DETAILS

Course Fee SGD 450
Course Duration 1 Day
Course Timing 9:00am - 5:00pm
Course Venue 190 Clemenceau Avenue
SDF Approved Coming soon
Skills Future Credit Coming soon
Upcoming Courses 7 Jun 2019
4 Jul 2019
2 Aug 2019

Leading an internal audit team and audit projects not only requires the Auditor-in-Charge to have the full knowledge of an internal auditors, it also demand high level of project management, problem solving and leadership skills. Audit leaders today need to have all rounded skills to properly run the audit project, manage the audit team and handle the stakeholders. The audit leaders need to lead with confidence.

Whether you are a recently promoted auditor-in-charge, assuming the role, or seeking a refresher, this comprehensive course covers the organisational, time management and problem solving skills necessary to manage a successful team.

1. IPPF for Auditor-in-charge

  • IPPF Standards of the auditor-in-charge (AIC)
  • Core elements of the IPPF
  • Recognise how the IPPF Standards relate to the AIC role
  • Knowledge and skills required of an AIC

2. The Role of an Auditor-in-charge

  • Key responsibilities of an AIC
  • Qualities and profile required to be an effective auditor-in -charge
  • Contrast the roles of AIC and staff auditor
  • Identify leadership qualities desired in a leader

3. Planning the Audit as an Audit in Charge

  • Identify the IPPF audit planning standards, Importance of audit planning,
  • Pre-audit survey, preparing planning memo, assess info for risk evaluation
  • Evaluate the use of computer based audit tools
  • Arrange logistic requirement of the project

4. Audit Programs and Staffing

  • Develop an audit program and staffing plan
  • Evaluate who is the best staff auditor to do what
  • Set up timeline and clarify expectation
  • Lead and answer any questions the team member might have

5. Audit Field Supervision and Maintaining Teamwork

  • Apply AIC project management skills, supervise staff, and control the audit process.
  • Methods use to maintain control over audits (To do list, daily discussion)
  • Strategies use for resolving conflicts
  • Motivating team members – complementing skills and audit finding
  • Resolving conflicts with auditee

6. Reviewing Workpapers and Mainting Audit Quality

  • Review workpapers for completion of audit steps and proper format
  • IPPF Standards relevant to reviewing workpapers
  • Describe the objectives for workpapers reviews – Asking the Tough Question
  • How to clear the review notes?
  • Audit issues disposition
  • Quality control over workpapers ensure issues properly write up

7. Writing Audit Issues and Audit Reports

  • Quality control and review responsibility for the AIC role
  • Auditor to write issues - AIC to review/ evaluate audit issue
  • Strategies in managing auditee reactions to auditee issues
  • IPPF guidance relating to communication of audit issues
  • Develop a strategy for presenting audit issues

8. Managing Audit Closing Meeting

  • Functions of audit closing meeting
  • Strategic planning for audit closing meeting
  • Tips for success closing meeting
  • Identify roles and responsibility for each audit members
  • Preparation of audit supporting and evidence
  • Evaluate the success of an exit conference

9. Wrapping up the Audit and Conduct Appraisal performance

  • Follow up on management action plan
  • Revising and finalizing audit report, clean up workpapers
  • Evaluate management responses to an audit
  • Obtain audit service feedback
  • Conduct auditor performance appraisal

10. Strategic Consideration of Auditor-in-Charge

  • Handling management relationship
  • Independence and objectivity
  • Balancing Good and Evil
  • Kill the Chicken and Warn the Monkey – How about killing monkey?
  • Internal auditor who aspire to become audit lead or manager
  • First time Internal audit supervisor,
  • Audit manager who look for a refresher
  • Internal Control Officer who look to switch to be audit lead
  • Forensic auditor who is seeking a course of audit project management

Presentation, group discussion, case study. Multimedia and template sharing

Kent Hoh

Kent Hoh

Kent Hoh is a prolific trainer in audit, fraud investigation, corporate governance, personal effectiveness, blockchain technology and big data. He has over 20 years’ experience in leading internal audit and forensic investigation functions of MNC in the region and globally. Kent Hoh has also spearheaded several roles in financial management, compliance and corporate governance of technology company. Kent has conducted numerous audit and investigation projects in Americas, Asia and Europe including Singapore, Indonesia, Malaysia, Thailand, India, Pakistan, China, Japan, Australia, New Zealand, Brazil, Hungary, Poland, Italy, Germany, USA, etc. Some of these projects involved hundreds of million dollars fraud scheme and syndicated crimes.

Kent holds a master’s degree in business Admin (MBA), Graduate Diploma in Business, Bachelor of Law (Hons), and a Bachelor of Accounting (Hons). Kent Hoh is also a Certified Fraud Examiner (CFE) and Certified Internal Auditor (CIA). He possesses the qualifications of the UK Chartered Secretary and Administrator (ICSA), Malaysian Institute of Certified Public Accountants (MICPA), Certified Information System Auditor (CISA) and Certified Bitcoin Expert (CBIE).

Kent Hoh has been an active trainer for large corporations, SME and non-profit-organizations such as Institute of Internal Audit (IIA) Singapore, IIA Malaysia, Institute of Singapore Chartered Accountants, Malaysia Institute of Accountants, China IIA, China Enterprise Anti-fraud Alliance, Enterprise Financial Management Association of China. Kent Hoh is also an adjunct lecturer for universities and college in Singapore, Shanghai, Nanjing and Hangzhou, China. As an enthusiast in cryptocurrency and a bitcoin mining farm investor, Kent researched heavily into this revolutionized Blockchain technology. He teaches fundamental blockchain and cryptocurrency at various institutions in China.

Currently, Kent Hoh serves as the Vice President of Internal Audit in an SGX listed company. As a strong believer that knowledge sharing create synergy, Kent is very passionate in sharing his experience. He capitalizes his free time conducting training classes and workshops.

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