Attend two Internal Audit courses for a full week of training and save 10%
Course Director: Dr. Hernan Murdock
Dr. Hernan Murdock is a Senior Consultant for MIS Training Institute. Before joining MIS he was the Director of Training at Altran Control Solutions International where he oversaw the company’s training and employee development program. Prior to that, he was a Senior Project Manager, leading audit and consulting projects for clients in the manufacturing, transportation, high tech, education, insurance and power generation industries. Dr. Murdock also worked at Northeastern University, Arthur Andersen, Liberty Mutual and KeyCorp and has completed projects in North America, Latin America, Europe and Asia. He is a lecturer at Northeastern University where he teaches management, international business and ethics. He has also written articles on whistleblowing programs, fraud, deception and behavioral profiling and has delivered numerous invited talks and conference presentations at internal audit, academic and government functions in the United States, Latin America and Europe.
Part 1: Managing the Internal Audit Department
In this two day program you will:
- Build on key responsibilities and explore best practices in internal auditing today – what is the critical role of the audit director/manager?
- Learn how to establish a mission statement and a strategic risk based annual business plan
- Discover how to set objectives and attainable goals
- Find out how to build successful relationships in your organization, including audit committee
relationships
- Learn how to co-source – get the most out of the resources within your organization
- Discover how you can improve the overall productivity of the audit process and minimize department
administration
- Discuss what role the Internal Audit department has in high-profile situations when things go wrong
New business risks, governance, globalization, and the continuing demands of senior management for value-added services combine to make the job of an IA manager more and more demanding. This three-day seminar is a road map to developing or maintaining an audit department that is ready to meet the challenges of this evolving business environment. You will build on the key responsibilities of the audit manager and explore best practices in internal auditing today. Focusing on establishing a mission statement and strategic plan for IA, you will cover how to set attainable objectives and goals; reacting to changing risk/control relationships; marketing IA's services; structuring the audit department; the annual audit planning process, co-sourcing smarter, and more.
Part 2: Enterprise-Wide Risk Management
In this three day program you will:
- Discover what ERM really is and the importance of it in an organisation
- Explore different risk management standards and different types of risks
- Learn how to build support and establish a sustainable risk management program
- Uncover how to co-ordinate the efforts of the internal audit function with your ERM activities
- Gain the skills to help management develop a tool for documenting and monitoring business risks so
that it produces real business returns
Many organizations are considering or have implemented risk management programs to improve their ability to identify, assess and respond to current and emerging risks. In this environment, internal auditors have an opportunity to help their organizations make sure that these programs are effective. In this intensive and highly interactive three-day course, you will learn how internal auditors can help your organization develop an enterprise risk management program that meets their needs, that supports their strategic and tactical objectives, reduces operational surprises and losses, helps the organization be better prepared to seize opportunities and improves the allocation of resources.
You will learn how to build support for a top-down risk-based program without compromising your objectivity and independence, what methods, structures and tools can be used for establishing an ERM program, how to encourage management to make enterprise risk management a tool for management decision-making, and how to perform audits to determine if the program is working as intended. This class will also give you tips, tools and techniques you need to coordinate the efforts of the internal audit function with the ERM activities of management, how to improve the quality of governance, compliance, ethics, corporate social responsibility, project risks and other key organizational initiatives. You will also acquire the skills to help management develop or acquire a tool for documenting and monitoring business risks so that it produces real business returns. The class will include presentations, case studies, practical exercises and discussions making this a highly interactive class that will enable you to relate the concepts to your unique
circumstances and develop tailored action plans for your organizations. |
