Calendar of Events

Internal Audit

10/05/2017, 1:30 PM to 3:30 PM

No location provided

Amy Davis 601-948-6366


Introduction to Internal Audit

Presented by Eileen Illes
Thursday, October 5th, 2017 -1:30 pm - 3:30 pm CT


  • Internal Audit Profession
    • Definition of Internal Audit
    • Changing Role of Internal Audit
    • Introduction to the Institute of Internal Auditors Standards and Guidance – International Professional Practices Framework
    • Difference between Internal Audit and External (Financial Statement) Audit
    • FFIEC Interagency Policy Statement on the Internal Audit and Function and Co-sourcing
    • Impact of FDICIA and SOx regulation
  • Internal Control
    • Committee of Sponsoring Organization’s Internal Control Model
    • Types of Internal Controls
    • Internal Control Standards
    • Cost/Benefit and Reasonable Assurance of Internal Controls
    • What Could Go Wrong?
  • Risk-based Internal Audit Process
    • Planning
    • Risk Assessment
    • Risk-based Internal Audit Plan
    • Internal Audit Program Development
    • Performance of Internal Audit Program and Documentation of Audit Findings
    • Effective Report Writing
    • Conducting Effective Exit Meeting
    • Audit Committee Presentation
  • Internal Audit Adding Value
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