Present

9th March - New Delhi

today:auditinginternal

BegiNNiNg AuDitor tools AND techNiques

hours6 CPEw w w . a c h r o m i c p o i n t . c o m

about the SeminarTo become a successful auditor, a strong base of knowledge and an understanding of basic audit skills are essential. With this program, new auditors, as well as non-auditors with internal control responsibilities, can learn the ins-and-outs of an audit from beginning to end.

Through team exercises, group discussion, and facilitator presentations, attendees will gain a foundation of knowledge that will allow them to prepare properly for and conduct a successful audit, using preliminary surveys and evidence-gathering techniques. A basic understanding of how to identify risks and internal controls in auditing will also be stressed, along with interpersonal and team-building skills.

Program outlineInternatIonal ProfessIonal PractIces framework (IPPf) • ThenewIPPF–aneffectivewaytoInternalAuditing• Principles• Codeofethics• AttributeStandards• PerformanceStandards

BegInners tools & technIques• Internal auditing today • Discusssomeofthebestpracticeswithininternalaudittoday. • Identifycoreservicesandvalueaddedopportunitiesprovidedbyinternalaudit. • Identifytherolesofinternalauditors. • Listinternalaudit’scustomersandstakeholders. • Determinetheactivitiesthatoccurwithineachstageoftheauditmodel.

• risk assessment & risk management • Mitigateriskstohelpensuremanagementdirectivesarecarriedout. • Useimpactandlikelihoodfactorstoassessrisk. • Defineriskmanagementconceptsandterms. • Identifycontrolsformitigatingriskstostrategicobjectives. • EvaluatecontrolissuesusingtheCOSOFramework. • Identifystrengths,gaps,andconcernsofaninternalcontrolenvironment.

• audit Planning • Discusstheauditplanningprocess. • IdentifyIPPFguidancerelatedtotheplanningphaseofanaudit. • Assessthelikelihoodandimpactofhigh-levelinherentrisks. • Explainactivitiesinvolvedinplanningauditprojects. • Discussplanningtheauditapproach. • Assessrolesinannualauditplanningandauditprojectplanning. • Assesspreliminaryscopearea. • Discussobjectivesandbestpracticesforopeningconferences.

Who should attend•InternalAuditors•ChiefInternalAuditors

•LegalHeads•ForensicProfessionals•RiskProfessionals

Certificate from iia india

• Interviewing • Explainhowinterviewingisusedwithinanaudit. • Describetheuses,objectives,andexpectedoutcomesofinterviewsateach

stage in the audit model. • Discussbestpracticesforplanningandconductinginterviews. • Identifybestpracticesandopportunitiesforimprovementininterviewing. • Practicepreparingforandconductinganinterview. • Prepareaninterviewbasedonagivenscope-areaobjective.

• Process Documentation • Contrastabasicnarrativeandaflowchart. • Createanarrativeorflowchart. • Discusstheadvantagesofsomebestpracticesfornarrativesandflowcharts. • Identifyinconsistenciesinflowchartsandnarratives. • Describethreetypesofwalkthroughs.

• audit Program • Describethedevelopmentanduseofauditprograms. • Classifyinherentimpactsandlikelihoodsforvarioustypesofrisks. • Classifycontrolsaspreventiveordetective,andasautomatedormanual. • Identifycontrolpointsandpossiblecontrolgapsonflowcharts • Completeariskmatrix. • Determinewhichcontrolsarekeycontrols,andwhethertheyshouldbe

tested during an audit. • Assesstestingobjectives. • Discusstailoringauditprograms. • Assessrolesinthedevelopmentofauditprograms.

• automated tools

• testing • Describemethodologiesusedtogatherauditevidence. • Defineterminologyrelatedtosamplingandtesting. • Contrastvarioustypesofsamplingandtestingapproaches. • Assesstheappropriatenessofvaryingsamplingandtestingapproachesfor

theachievementofspecifictestingobjectives. • Describethecomponentsofanauditworkpaper. • Draftanauditworkpaper.

• reporting • Writeanauditreportusingthefivecomponents. • Recognizethecomponentsofanauditreport. • Determiningthereadersofauditreports. • Assessthequalityofanauditopinion.

• selling the results • Discussmethodologiesfor“selling”auditfindingstostakeholders. • Describefactorsthathelp“sell”auditfindingsandrecommendations. • Prepareforsellinganauditfinding. • Identifybestpracticesandopportunitiesforimprovementinexitconferences. • Describeactivitiesinvolvedinmonitoringanaudit.

• teamwork • Explainhowteamworkisessentialtoanauditproject. • Describethevalueofvariousteamworkrelatedfactors. • Examinehowyourowncapabilitiescontributetoateamauditproject.

SpeakersDeepak wadhawan - chief executive,

the Institute of Internal auditors

Deepakhas30yrsofinternalauditandriskmanagementexperienceacrossindustriesandindifferentsetupsaslargeprofessionalfirmsincludingPwC,KPMG,inselfpractice&corporates.

Currentnon-professionalinvolvementin-reviewmemberofTheIIAResearchFoundationprojecttitled-MaturitylevelsforInternalAuditDepartmentsaroundtheworldscheduledforreleaseonMarch16,2016attheIIANorthAmericaGAMConference.

sumant chadha fca, llB - President IIa India

FellowMemberofInstituteofCharteredandalawgraduateheisnowManagingPartnerT.R.Chadha&Co.,CharteredAccountants.Heiswiththefirmsincethelast31yearsandispresentlyheadingthe Governance, Risk and Control (GRC) practice ofthefirm. HisspecializationincludesInternalAudit,RiskAssessmentandInternalFinancialControls,bothinthemanufacturingandservicesectors

acrosslargeIndianCorporatesandMNCs.

AtpresentheisthePresidentofInstituteofInternalAuditors,IndiaandpastPresidentoftheDelhiChapter.

HeisaspecialinviteetotheNationalAdvisoryCommitteeonAccountingStandards(NACAS)setupbytheMinistryofCorporateAffairsforrolloutofIndASinIndiaandalsomemberofseveralCommitteesofPHDChambersofCommerce.

Mr.Sumantisagoldmedalistandstood2ndintheAll IndiaCAfinalexaminationandwasFirstinNorthernIndia.

nikhel kochhar fca, cIa- President IIa Delhi chapter & chair advocacy

NikhelisManagingPartneratN.Kochhar&Co.since1990.EarlierPartnerNath&Kochhar(1984–1990).

NikheliscurrentlyPresident,IIADelhiChapter.EarlierheldpositionsofVicePresident,Secretary&TreasurerofIIA(2010-14).Member

oftheExecutiveCommitteeoftheDoonSchoolOldBoys’Society(1996-2000&2010-13).NationalCouncilIIA,India&Chairman,AdvocacyCommittee

Nikhel has over 26 years of professional expertise in Organisational Systems &Processes, Risk Management, CorporateGovernance, Internal Controls & Audit,TrainingforICAI,IIA&CorporateClientsandStart–upAdvisory.

Industry expertise covers Advertising, Automotive, Auto Components, Aviation,Banking, Chemicals, Education, Engineering, Healthcare, Infrastructure, IT, Glass,Leather,MachineTools,Media,NGO,NBFC,Pharmaceuticals,Software,andSteeletc.

cancellation and refund Policy

You must notify us by email at least 48 hours in advance if you wish to send a substitute participant. Delegates may not “share” a pass between multiple attendees without prior authorization. If you are unable to find a substitute, please notify Achromic Point Consulting (APC) in writing up to 10 days prior to the conference date and a credit voucher valid for 1 year will be issued to you for the full amount paid, redeemable against any other APC conference. No credits or refunds will be given for cancellations received after 10 days prior to the conference date. APC reserves the right to cancel any conference it deems necessary and will not be responsible for airfare‚ hotel or other costs incurred by registrants. No liability is assumed by APC for changes in program date‚ content‚ speakers‚ or venue.

terms & conditions:-

Achromic Point holds all the rights to circulate and distribute the information discussed, shared and presented at the seminar.

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RegistrationFees:-Inr 11,995 + service tax

Conferencefeesincludedocumentation,luncheonandrefreshments.DelegateswhoattendallsessionswillreceiveaCertificateofAttendance.

Pleaseregistermefor new Delhi – 9th march 2016

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Internal auditing today:Beginning auditor tools and techniques