Audit Engagement Management
– State-of-the-art audit engagement planning using a modern project management approach –
The economic principles have already arrived in internal auditing. The internal audit function acts in an environment of increasing regulation not only for banks but also for many other businesses. New tasks add to the pressure. Cost cutting also doesn’t stop at the doors of the internal audit function so an efficient approach to audit performance is without alternative. This includes perceivable added value to the organisation. However, the main focus is on the efficient use of the remaining scarce resources. This situation demands for effectiveness and efficiency in all phases of audit work.
It is obvious, that audit engagements have to be well prepared in advance. Usually auditors think of content. For example an auditor has to research some of the audit topics that are not her or his specialty and she or he has to prepare a work programme for reaching the audit objectives.
Thinking about efficient auditing this is not enough. For modern day audit engagements performed by interdisciplinary teams optimal resource management is a key factor for the sustainable success of the internal audit function.
However, there is extensive knowledge about resource management in inter-national standards on project management. These standards (e.g. PMBoK, PRINCE2, GPM, ISO 21500) include methods for planning, performing, and controlling projects that can be used for audit engagements analogously.
The goal of this training is to transfer the proven methods of project management to audit engagements. This includes planning (budgeting resources), performing, and controlling the engagement as well as communicating the current status and results with stakeholders during and at the end of the engagement. Auditors get practical tools for audit project management
- to plan time and other resources,
- choose successful audit teams,
- lead audit teams to success,
- ensure quality results with adequate quality management, and
- coach the team during the engagement to increase the quality of the audit function sustainably
- Meaningful audit goals / objectives
- Structure and organisation of audit teams
- Planning of an audit engagement (time and resource budgeting)
- Controlling of an audit engagement (managing delivery risk)
- Engagement performance indicators
- Leadership of audit teams
- Coaching on the job
Distinguished example of our ARC senior management trainers
About the ARC Institute
With the Audit Research Center, the ARC Institute provides important impulses for the further development of the audit industry. The focus is on networking science and practice. The focus is on further and new development in cooperation with auditors, companies and associations in order to maintain practical relevance and to develop methods, tools and concepts that can be implemented. The results developed in dialogue with industry experts serve as a guideline and adaptation options in practice today, in order to increase the overall benefit of the company in the long term and sustainably with innovative auditing work.
In the spirit of thought leadership, the ARC Institute and the Audit Research Center stand for topic leadership and forward thinking in the area of internal auditing.
Currently, the ARC Institute supports not only leading supranational institutions in the context of research, consulting and personnel development projects, but also numerous listed companies in the three German-speaking countries of Germany, Austria and Switzerland.
Each open training day is 890,- Euro plus VAT when booking the modules individually. Inhouse training conditions are based on individual pricing and travel expenses. After receipt of your registration you will receive a confirmation of registration with invoice. Please pay the registration fee directly after receiving the invoice. The registration fee does not include 19 % VAT. The price includes participation in the lectures of the booked event, lunch, coffee breaks and seminar documents.
Audit Managers, Internal Auditors
Interactive presentation, Discussions, Teamwork practice, Practical exercises, Case studies, Reflection
Training / Training / Consulting period:
Would you like more details about ARC’s Audit Training & Consulting Services, or do you wish to book an appointment with its team? Please address your e-mail inquiry to Info@ARC-Institute.com or phone us at +49-2159-6945-904