
The risk-based focus being increasingly adopted is universally accepted as the new benchmark for Internal Audit. The flip side of risk, however, is opportunity. Specifically targeting significant areas of business opportunities can deliver major measurable benefits to the organisation whilst at the same time reducing the associated risks.
This is particularly true if the areas of the business targeted are those which are often overlooked by management. With budgets under even greater scrutiny, demonstrating value for money is more important than ever
This GLOMACS Opportunity Auditing training seminar will provide the tools and techniques to develop and deliver an opportunity focused plan and deliver measurable added value.
This GLOMACS training seminar will highlight:
After completing this GLOMACS training course you will be able to:
This is a basic / intermediate level course and delegates are not required to have any previous experience in fraud prevention or detection to attend. Delegates should have a good educational standard and/or a professional qualification and no advance preparation is required
The delivery method will be Group-live with exercises and role-plays to simulate audit scenarios and situations that assurance professionals will encounter. A short examination will be given at the end of the course.
This GLOMACS Opportunity Auditing training course will benefit organisations in all business sectors. It will provide the basis for a subtle but hugely powerful shift in the focus of Internal Audit towards a much more consultancy and value adding approach. The financial and operational benefits will be significant.
This GLOMACS training course will enable organisational knowledge to be enhanced in the following areas:
This GLOMACS training course will enable delegates to enhance their personal knowledge in the following disciplines:
This GLOMACS training course is suitable to a wide range of professionals but will greatly benefit:
Exercise 1 – The challenges
Exercise 2 – Assessing the 3 E’s
Exercise 3 - Determining the opportunity audit objectives / scope
Exercise 4 - Planning the audit approach
Exercise 5 - What areas would be useful to review?
Exercise 6 - The opportunity register
Exercise 7 – Selecting the VFM audit
Exercise 8 - The audit involvement in the project life cycle
Exercise 9 - The opportunity audit in practice
Exercise 10 – Assessing Performance measures
Exercise 11 – Audits will be chosen by the delegates and the audit planned using the approach outlined
Exercise 12 – The benefits of system development audit
Exercise 13 – Auditing business reputation
Exercise 14 - Meeting the ever expanding requirements of stakeholders – What should the IA role be?
Exercise 15 – The benefits and deliverables from Assurance Mapping
Exercise 16 – Developing the audit plan using the model
Exercise 17 – Use of data analytics in opportunity audit
Oxford Management Centre
A GLOMACS - Oxford Management Centre collaboration aimed at providing the best training services and benefits to our valued clients.
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