Internal Audit Operations
- Describe methodologies for planning, organizing, directing, and monitoring internal audit operations (17 min)
- Describe the key activities for managing the function's financial, human, and IT resources (17 min)
- Describe the elements that align internal audit strategy with stakeholder expectations (16 min)
- Recognize the chief audit executive's responsibilities for relationships and communication with senior management and the board (16 min)
Internal Audit Plan
- Identify sources of potential engagements (15 min)
- Describe the process for developing a risk-based audit plan (15 min)
- Recognize the importance of coordinating with other assurance providers and leveraging their work (14 min)
Quality of the Internal Audit Function
- Describe the required elements of the quality assurance and improvement program (14 min)
- Identify the appropriate disclosure of nonconformance with the Global Internal Audit Standards (15 min)
- Recognize practical methods for establishing internal audit key performance indicators and scorecard metrics (13 min)
Engagement Results and Monitoring
- Recognize the attributes of effective engagement results communication (15 min)
- Demonstrate effective communication of engagement results (15 min)
- Determine whether to develop recommendations, request management action plans, or collaborate with management on agreed actions (16 min)
- Describe the engagement closing communication and reporting process (16 min)
- Describe the chief audit executive's responsibility for assessing residual risk on an engagement (15 min)
- Describe the process for communicating risk acceptance (15 min)
- Describe the process for monitoring and confirming the implementation of management action plans (15 min)
- Describe the escalation process when management has not adequately implemented an action plan (15 min)
