Online Webinar 2019 - How to Assess Risks and Evaluate Controls

Learning Objectives
The objective of this webinar is to provide an understanding of:
• Risk and control related definitions
• Relationship between risks and controls
• Control loop
• Broad risk categories
• Types of controls
• Control limitations
• Management responsibility as it relates to risks and controls
• Internal audit as it relates to risks and controls
o Develop a risk-based annual audit plan
o Conduct preliminary survey
o Determine audit objectives
o Determine audit scope
o Conduct field work
o Communicate the results
• Related IIA Standards
• Exercises to strengthen knowledge
• Case Study
Overview
Every organization is set up to accomplish its primary business objective. Whether it is a “for-profit” organization or a “not-for-profit” organization, there is always a primary business objective. And whenever there is an objective, there is always the risk that the objective will not be achieved.
Management has the responsibility to assess risks and establish controls to ensure that business objectives are achieved. Internal Audit has the responsibility to evaluate those controls to determine if they are adequate and effective.
Why You Should Atten
This class is designed to give you the basics for assessing risks and evaluating controls. We will discuss the responsibilities of management and internal audit as it relates to risks and controls. We will do a case study to follow the process from beginning to end. We will also do some exercises to further strengthen your knowledge.
Who Will Benefit
• Chief Audit Executives
• Audit Directors
• Audit Supervisors
• Audit Managers
• Staff Auditors
• Government Auditors
• Compliance Auditors
• Internal Control Specialists
• Public Accountants
• Accounting Analysts
• Business Analysts
• Quality Control Specialists
SPEAKER:
Mr. Keith has over 40 years of audit experience and served as the Chief Audit Executive for the Metropolitan Atlanta Rapid Transit Authority (MARTA) for 11 years before his retirement in 2012. His other audit experience includes serving as Operational Audit Manager for five years and was a Senior Auditor in the Contract Compliance Audit Branch at MARTA. He was also a Senior Auditor at Norfolk Southern Railway (formally Southern Railway), and a Bank Examiner at the Federal Reserve Bank of Atlanta.