Internal Audit Adding Value.doc

Internal Audit Adding Value
Internal Audit: Adding
Value
May 31 – June 3, 2011
Lesson 1
Urton Anderson, CIA, CCSA, CGAP, CFSA, PhD
Clark W3>. Thompson Jr., Professor in Accounting Education
The University of Texas at
Austin
Lesson 1
Nanjing Audit University
Urton Anderson
Lesson 1
Nanjing Audit University
Course Objectives
Understand the internal audit value proposition
Learn how internal audit functions are increasing the value it adds in today’s challenging environment?
Learn tools and techniques for providing value-added internal audit services
Lesson 1
Nanjing Audit University
Urton Anderson
Lesson 1
Nanjing Audit University
Agenda
Lesson 1
Introduction
The
internal audit value proposition
Risk
assessment and risk management
Risk
and audit resource allocation
Lesson 2
Internal
control
Monitoring
Audit
planning case
The
IPPF
Lesson 3
Capability
maturity
models
Effective
Compliance
Systems
Assessing
pliance and ethics
program
Compliance/ethics case
Lesson 4
Consulting
services, blended consulting
engagements
Blended
consulting
case
Combined Assurance/Assurance Mapping
Lesson 1
Nanjing Audit University
1-
Trusted, Recognized, Valued
Lesson 1
Nanjing Audit University
Patty Miller – Chairman – IIA 2008-2009
Lesson 1
Nanjing Audit University
Video
Lesson 1
Nanjing Audit University
What does it mean?
Trusted?
Recognized
?
Valued?
Lesson 1
Nanjing Audit University

Trusted
– The International Professional Practices Framework
Recognized
– Quality Assurance and Performance
Valued
– Effective Internal Audit Services
Lesson 1
Nanjing Audit University

The Internal Audit Value Proposition
Lesson 1
Nanjing Audit University
?
Agenda
The IA Value Proposition
Organizational Governance
Adding Value
Earning Trust
Being Recognized
ing Valued
Lesson 1
Nanjing Audit University
1-
Organizational Governance and the Internal Audit Activity

Thesis
The f