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Learning the best and easy way to effectively implement agile internal auditing in the modern business world

What you will learn

Understand the lean manufacturing and how agile auditing adapted to its concepts

Understand the background of agile internal auditing

Effectively apply the agile approach to standard internal auditing projects

Develop lean auditing concepts and apply them effectively to routine audit projects

Develop cohesion across auditing team through frequent collaborations

Obtain buy-in from management and the audit committee towards the agile internal auditing journey

Description

The agile internal audit methodology and application course seek to provide sustainable insights on how modern internal audit departments can effectively apply agility and lean management concepts in their daily audit projects. Agile Internal Audit has been touted to be a mindset that an Internal Audit function adopts to focus on real stakeholder needs, expedite internal audit projects, provide timely insights, reduce project costs and efforts, and maximize team and corporate resources.

This course has been designed in a simple-to-understand and yet very practical way to ensure that even beginners would easily understand the agile concept and apply it in their upcoming audit projects. The course has also leveraged on the extensive consulting and in-house experience of the trainer to offer practical insights to Chief Audit Executives and Senior Internal Audit Team Members on how they can navigate this ‘new’ concept and be able to share their knowledge with the rest of the audit team members.


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Many progressive internal audit teams have provided encouraging feedback on how their teams have managed to create better working relationships among the audit staff, and also with process owners and management, through the collaborative approach recommended in the agile methodology. Teams have also experienced credible return on investment through timely execution of projects, insightful business recommendations, less friction with process owners, and supporting management in timely implementation of internal audit recommendations.

English
language

Content

Introduction

Overview of Agile Internal Auditing
Adaptations from SCRUM (Software Development) Process
SCRUM Overview

The Path to Agile Internal Auditing

Agile Adaptations from Lean Manufacturing (Part 1)
Agile Adaptations from Lean Manufacturing (Part 2)
Agile Adaptations from Six Sigma
Agile Adaptations from the Lean Concept by Peter Drucker
The Path to Agile Internal Auditing Quiz

Conducting Agile Internal Audit (Sprints)

Lean Manufacturing Objectives Vs Traditional Audits
Standard Perspective on Traditional Audits
Agile Internal Audit – Understanding Kanban
Agile Internal Audit – Key Recommendations for Managing the Kanban Board
The Agile Internal Auditing Quiz

Leading & Supervising Agile Internal Audits

A Glance at the Standard Internal Audit Cycle
Review of a Sample Internal Audit Program
Kanban Board – Planning (Week 1)
Kanban Board – Planning (Week 2)
Kanban Board – Fieldwork (Week 3)
Kanban Board – Fieldwork (Week 4)
Kanban Board – Fieldwork (Week 5)
Kanban Board – Fieldwork & Reporting (Week 6)
Kanban Board – Reporting & Exit (Week 7)
Daily Stand-Ups ( AKA Daily Scrum or Daily Sprints)
Handling Draft Internal Audit Observations (Sprint Audit Memos)
Advantages of Agile Teamwork
The Implementation of Agile Internal Auditing Quiz

Managing & Coordinating With Clients During Agile Internal Audits

Client inclusion in agile process
Importance of client collaboration

Bolstering corporate management buy-in and audit committee support

Getting Management Buy-In for Agile Auditing
Garnering Audit Committee Support for Agile Auditing
Management Collaboration Quiz

Best way to start the agile journey

Embarking on the agile journey