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Adapting internal audit plans to rapid change

Important information

This event will be delivered online via Microsoft Teams. Registered delegates will receive joining instructions two days prior to the event.

The event will not be recorded. CPE certificates will be sent to all delegates who attended within 10 working days post-event.

For any queries, please contact us at iiaevents@iia.org.uk. We look forward to welcoming you to the event.

For most internal audit functions, 2020 was a challenging year. A period in which all internal audit plans – strategic, annual and engagement – had to adapt rapidly. Change has come, not just from the external environment but also from unanticipated stakeholder requests, alongside internal auditors being redeployed and furloughed.

The year 2020, therefore, forced teams across the globe to change agreed plans in a matter of moments. How have CAEs and their teams responded to demands from government, regulators, and boards? How have they delivered a risk-based assurance service, often with reduced staff? How have internal auditors at all levels not just responded to immediate pressures and changes, but also looked ahead? Finally, how have they communicated and persuaded these changes to senior decision-makers?

This interactive webinar, led by two experts in internal audit and audit communications, will allow participants to share their experiences, techniques and insights. It will focus on not just the annual plan, but also on individual engagement plans – initially, and as they change in response to events.


What will I learn?

  • Renewed appreciation of the Standards
  • The ability to demonstrate internal audit’s relevance and flexibility under pressure, and to communicate this to the board and audit committee
  • Insights from peers who have adapted their audit plans in response to COVID-19, restructuring and other major changes

Speakers

Liz Sandwith CFIIA - Chief Professional Practices Adviser, Chartered IIA

Liz has a vast background in internal audit for both the public and private sectors, having worked at Bupa, the Information Commissioner’s Office and Channel 5, as well as various local authorities and central government departments. She provides internal audit and risk management training to directors, audit committee members, internal auditors and risk managers in Europe, the Middle East and the Far East. She also delivers training on the Chartered IIA Certificate in Internal Audit and Business Risk on behalf of the institute.

Sara I. James PhD, CIA - Owner, Getting Words to Work

With over 30 years' teaching, writing, publishing and corporate experience in the US and Europe, Sara delivers tailored training to internal audit teams worldwide.

She has produced articles on clear writing for Audit & Risk magazine and has spoken at numerous audit conferences. A member of our Technical Guidance Working Group, Sara has written about reporting, GDPR, IR35, risk and other topics.

During the coronavirus pandemic, she has contributed regularly to our COVID-19 hub. She has also written a series of articles for the ACCA on internal audit’s relationship with board members.


CPE core competencies

  • Audit plan and coordinating assurance efforts.

1 CPE point


Programme

08:30 - 08:40

Welcome and introductions

08:40 - 08:50

Why adaptability is important to planning

08:50 - 09:00

Which plans are most likely to be impacted by a rapidly changing environment

09:00 - 09:15

Breakout session – exploring the challenges when adapting plan

09:15 - 09:25

Feedback from the breakout session

09:25 - 09:30

Conclusion and Q&A

09:30

Close


Related training course

Interested in the topic above? See the related course you can attend:

Audit planning – latest requirements and good practices | 7 June 2021

Date/Info

Date:

13 April 2021

Time:

08:30-09:30
Contact Us

Cost:

Member £29.00 ex. VAT
Non-member £39.00 ex. VAT

 

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