What does Innovation look like? 

• Changing expectations of stakeholders
• The IIA 3 lines model and its impact on internal audit
• Changing the role of internal audit to adding greater value
• Rejoining the organisation
• What are the current challenges and opportunities?
• Implementing auditing to future
• How can the CAE improve the perceived value of internal audit?

The Impact of the Crisis

 New working practices within the business

• Changes to the approach of internal audit
• Increasing concerns over operational resilience
• Increasing focus on fraud deterrence
• Increasing focus on ICT and stress

Really Applying Risk- Based Internal Audit

• Really adopting risk-based IA
• What works for a CAE?
• Barriers and opportunities
• What are the key risks that worry your Board?
• Working with, but auditing the risk management function
• Building a revised audit plan
• Implementing flexibility
• Managing the Audit Committee
• Applying risk-based approaches within audits effectively

 The CAE, AI and Data Mining 

• Embedded risk management into 1^st line – what does this mean for the CAE?
• Where is artificial intelligence (AI) currently used and its impact on IAl
• Improving data mining within audit
• What role should it play?
• How should it align with 1^st and 2^nd line roles?
• Moving from sample testing to full population stratified analysis
• Tools and techniques

he Innovative Audit Function

• Are the skills needed changing?
• Management techniques to build team values
• Implementing quality techniques
• Aligning IA with strategic aspirations and the audit of strategy
• The IA working within governance structures
• Providing advice without taking ownership

Innovative Audit Reporting

 The audit report is dead – long live the audit report

• Aligning reporting to your audiences
• Dealing with issues promptly
• Issues v analysis
• New approaches that add value
• Taking the Board and Audit Committee with you
• Audit ratings and risk appetite modelling

Audit Adds Value

 What does removing the word defence really mean in practice?

• How can you get your team to really change?
• What are the drivers and values that are needed?
• Does this change the nature of your team?
• Auditing to future
• Identifying stress events
• Audits role in identifying alternative approaches

Innovation in IT Audit

 What does your IT audit function currently do?

• Dos it fully address the ICT agenda?
• How does it consider IT strategy?
• Is it up to date with changing opportunities and structures in IT management?
• What does it do and what does it avoid?
• Developing an innovative integrated IT audit function

IA and Operational Resilience 

• What really matters?
• Dealing with uncertainty effectively
• Its not about finding errors
• Innovation in BCP and DP
• Innovation in reporting systems and structures

The CAE and Environmental, Social and Governance Audit

• What is the role of IA regarding ESG?
• Where does this fit into the audit universe?
• What are the issues that need to be addressed?
• Who would be the auditee?
• What might findings look like?
• What work should be conducted ion Environmental and Social issues?
• How far can you take the governance audit?

The CAE and Third-Party Risk Management (TPRM)

• Dealing with criticality
• What does the CAE need to know?
• How can you get the assurance the Board requires effectively?
• Trying to undertake an audit at a third party.

Lessons Learned and Forward-Looking Actions

All delegates competing the course will receive an accredited Certificate in the Innovative Chief Internal Auditor. 

Delegates will gain specialist technical and behavioural knowledge, techniques and skills, experience ‘on-the-job-style’ problem-solving either 1:1 or  in limited size group discussion and develop new insights and approaches for immediate application in the audit function with a focus on:

• Innovation in internal audit
• How IA is changing and the impact on the CAE role
• The skills needed in your team
• Aligning IA to the 3 lines model
• Really using risk-based approaches
• Adding greater value within IA
• Innovative audit reporting
• Using data analytics and data mining
• Auditing operational resilience
• Auditing Information and Communications Technology (ICT), Environmental, Social and Governance ESG) and third-party risk management (TPRM)

Led by a former Tier 1 Global Bank Senior Audit Manager,  the highly-interactive seminar focuses on issues and discussion supported by key concepts presentation, real-time in-depth case studies, regulation and international best practices.

Our virtual learning platform uses confidential, safe, industry preferred encrypted Cisco WebEx to optimize live 1:1 or small group face-to-face visual interaction, and private, discrete chat for questions and clarifications.

(An invitation via email with access link is included for all participants.)