Heads of internal audit - induction master class
Presented by: James Paterson
This masterclass will show you what it takes to be effective in the HIA role to maximise your chances of success and avoid key pitfalls. It covers a full range of topics – risk assurance, audit planning, adding value and providing insight, driving audit productivity, alongside managing and motivating team members. It will also explore key stakeholder management and political savvy skills.
Who should attend?
Current heads of audit, who want to “take stock” of where they are and new heads of internal audit, who want to ensure they provide a value adding service and avoid common pitfalls.
What will I learn?
Upon completion you will be able to:
- reflect on the critical success factors in the HIA role and reasons HIAs can fail
- consider the crucial importance of role clarity when managing the audit function
- get a clear sense of what it really means to add value and what does not
- benchmark your current organisation, both in terms of quality/insight and efficiency
- identify key priorities for your team, including those concerning key stakeholders.
The key ways that new heads of audit can be derailed
- benchmarking and best practice review of risk management practices and how internal audit might best engage with this.
IA benchmarking and good practice
- review of internal audit best practice so you can benchmark the performance of your function
- internal audit planning with a focus on adding value
- assignment quality and productivity
- reporting effectively – at an assignment level and with key stakeholders.
Coordination with other assurance functions
- working with other assurance functions and assurance mapping overview.
People-related good practices and challenges
- staff management practices – team capability, performance management, development and coaching
- tips and pitfalls in managing senior executives and the audit committee, including political savvy.
- developing an internal audit strategy (including key resource and skill challenges) and influencing wider risk and governance developments in your organisation.
CPE competency areas covered
- Critical thinking
- Business acumen
- Internal audit management
14 CPE points
Member: £1175 + VAT
Non-member: £1390 + VAT