Internal Audit School
This three-day course will discuss the establishment and execution of an effective and efficient internal audit program. Attendees will learn the objectives of internal audit, and helpful techniques to reach those objectives. Internal audit should be a value-added function and not just a “check the box” cost center. This course will teach attendees how to create and maintain a value-added internal audit function.
When
Where
Virtual
Schedule
9:00 – 9:30 AM
Case Study Introduction with Paul Cummings
Meet the fictional bank, review its strategic plan, financial condition, risk profile, and organizational structure. Form teams.
9:30 – 10:30 AM
Internal Audit Fundamentals with Paul Cummings
Definition & Role of Internal Audit
Internal Controls
Three Lines Model
10:45 – 11:45 AM
Risk Assessment with Paul Cummings
Identifying Risk
Inherent vs. Residual Risk
Risk Assessment Methodology
11:45 AM – 12:30 PM
Case Study Exercise #1 with Paul Cummings
Team complete a risk assessment and identify audit priorities
12:30 – 1:30 PM
Lunch
1:30 – 2:30 PM
Developing the Annual Audit Plan with Paul Cummings
2:30 – 3:15 PM
Audit Objectives & Scoping with Paul Cummings
3:30 – 4:45 PM
Case Study Exercise #2 with Paul Cummings
Develop the annual audit plan, define objectives, and scope the engagement
9:00 – 10:00 AM
Executing the Audit with Crystal Jareske
Testing
Evidence
Workpapers
Professional Skepticism
10:15 – 11:00 AM
Fraud & Critical Thinking with Crystal Jareske
Red Flags
AI-enabled fraud
Interview techniques
Root cause analysis
11:00 AM – 12:30 PM
Case Study Workshop #3 with Paul Cummings and Crystal Jareske
Perform testing, document workpapers, identify findings
12:30 – 1:30 PM
Lunch
1:30 – 2:30 PM
Writing Better Audit Reports with Margaret Yip-Chen
Risk ratings
Writing findings
Recommendations
Executive summaries
2:30 – 3:15 PM
Communicating with Management & the Audit Committee with Margaret Yip-Chen
Difficult conversations
Presenting findings
Following Up
3:30 – 4:45 PM
Case Study Workshop #4 with Paul Cummings and Margaret Yip-Chen
Teams finalize their reports and present findings to a mock Audit Committee
9:00 AM – 12:00 PM
The Future on Internal Audit: From Assurance to Strategic Advisor with Ryan Abdoo
AI & Internal Audit
Continuous Auditing
Data Analytics
Operational Resilience
Culture & Governance Risk
Emerging Risks
The Skills Every Auditor Needs
12:00 – 1:00 PM
Lunch
1:00 – 2:30 PM
Regulatory Panel moderated by Ryan Abdoo
Current examination priorities
AI governance
Third-party risk
Cybersecurity
Common findings
What examiners wish auditors understood
2:30 – 4:00 PM
Technology Risk for Internal Auditors with Russ Horn
Cybersecurity controls
Cloud Risk
AI Governance
Vendor Risk
Identity & Access Management
Data Governance
Cancellation/Refund Policy:
Cancellations or substitutions must be submitted in writing. Please email to education@texasbankers.com. Any cancellations received after September 28 or “no shows” will not be refunded. Extenuating circumstances are reviewed on an individual basis. Substitutions are permitted without penalty.
Texas State Board of Public Accountancy: 23 CPE credit hours. There are no educational prerequisites
ABA Professional Certifications: 21.75 CRCM credits.