Surgent's IA Module 3 -- Critical Knowledge Foundations for Internal Auditors: Governance, Risk Management, and Control (GRC)

Available Anytime

Location: Online

4Credits

Accounting and Auditing

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~~$149.00 Regular Price~~

Nonmembers

$200.00 Regular Price

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Product Code: SU24-IAM3-SSWC

Level: Basic

Vendor: Surgent

Field of Study: Auditing

Overview:

The definition of Internal Auditing promulgated by The Institute of Internal Auditors (IIA) speaks to the critical areas of value adding coverage and services Internal Auditors can and must bring to their organizations. These include the key areas of: governance, risk management, and (internal) control (GRC). Internal auditors play vital assurance and consulting roles for organizations and their stakeholders. The significant reliance placed on internal auditors by organizational management teams, boards of directors/audit committees, external auditors, regulators, and other key stakeholders, cannot be overstated. An integral component in supporting these roles are the knowledge foundations that auditors bring to the fore in applying their technical and analytical skills when assessing core areas of organizational governance; risk management (including fraud related risk management); compliance; and (internal) control (GRC). This course lays the critical foundation for strengthening the knowledge base of auditors at all levels in these critical areas of organizational GRC processes and performance.

Objectives:

Identify the core roles and responsibilities of Internal Auditors with regard to organizational governance, risk management, and controls (GRC)
Strengthen understanding of major IIA and COSO GRC guidance and frameworks
Clarify distinctions and expectations of internal auditors regarding regulatory compliance and internal control assurance
Expand knowledge of GRC principles, concepts, and practical audit application and integration strategies

Major Topics:

Governance, Risk Management, and Compliance/Control (GRC) – Internal Auditor’s positioning, roles, and responsibilities
IIA GRC guidance overview
COSO (Committee of Sponsoring Organizations) history, guidance, and frameworks overviews
Critical knowledge foundations and fundamentals:
- Governance
- Risk Management/Enterprise Risk Management (ERM)
- Internal Control
- Compliance
- Fraud Deterrence/Fraud Risk Management
IT/Cyber security risks/controls
Effective GRC coverage related alignment/integration opportunities and strategies for IAs
Industry specific guidance/ considerations

Designed For:

Internal audit (IA) professionals at all levels, including consultants providing IA outsourcing, co-sourcing and/or related services; and external auditors providing IA services and/ or who coordinate coverage with, and place reliance on, the work of IAs.

Prerequisite:

Experience/interest in or general knowledge of internal auditing

Additional Info:

You will receive an email from info@surgent.com with instructions on how to log onto your course shortly. If you do not receive the email within the hour, please check your spam filter.

For technical support, registration questions or other customer service-related inquiries, please call (800) 778-7436 or email info@surgent.com. Phones are staffed from 8:30 a.m. to 5:00 p.m. Eastern Time, Monday through Thursday, and 8:30 a.m. to 4:00 p.m. Eastern Time on Friday.