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< Home > < Open Courses > < Outlines > ACTION CENTRED INTERNAL AUDITING

ACTION CENTRED INTERNAL AUDITING

Who Should Attend

Internal Auditors

Internal Audit managers

Heads of Internal Audit

Compliance officers

External auditors

Other Assurance providers

Benefits of attending

A thorough understanding of action centred approach

Build full understanding of the key skills required.

Appreciate the most up to date techniques

Learn many ways to improve your verbal communication skills

Improve your team working

Be more confident in your presentations

Learn practical ways to improve your written reports

Dear Internal Audit Professional

  • Could your reports generate more action?
  • Do you communicate with management as effectively as you would like?
  • Do your interpersonal skills help motivate and drive your team?
  • Could your written reports have more impact?
  • Could you create greater rapport with management?
  • Could your efficiency be enhanced?

Attending this highly practical seminar will provide the opportunity to improve your reporting, communication and presentational skills in order to make a substantial difference to the way you interact with colleagues and senior management

Energised by the need to provide broader assurance and to respond to new Corporate Governance requirements, many Internal Audit functions find they need to perform a much more comprehensive spectrum of work than ever before – whilst still providing comfort and reassurance that the basics are being managed well.

Practitioners have now to expand their role as facilitators and advisors at the same time demonstrating that they are adding measurable added value. The addition of internal consultancy into the Internal Audit role has introduced an entirely different dimension to this profession.

These responsibilities and challenges require a new set of skills, competencies and abilities. Strong communication and presentation skills are essential in this highly challenging environment, whether this is facilitating control self- assessment workshops or negotiating with management or communicating your ideas in the form of reports.

This exciting seminar features a series of case studies and practical exercises covering verbal, listening, written and other communication skills. You will have the opportunity to learn from fellow professionals as well as benefiting from the wide experience of your seminar leader Phil Griffiths.

Phil is a renowned expert in the internal audit field, having worked with hundreds of such functions across the world. He will ensure that you take back practical and proven techniques to help you increase your personal impact and career prospects

Course Outline

Sat 1 July - Action Centred Auditing

The need for effective communication

Exercise: a thought provoking exercise

  • Internal Audit primary roles, objectives and challenges
  • What are the keys to success?
  • Expressing yourself effectively
  • The need to have a positive relationship with management
  • The need to drive action
  • How to add value to your business
  • Creating rapport with your customers – tips and techniques
  • Management styles
  • Personal drivers

    Exercise: Management styles - working in small groups delegates are asked to determine and compare individual management styles and personal drivers

Convincing management

  • Language and impact
  • The need for simplicity in persuading others
  • The use of ‘powerwords’ in your communications
  • How to get on the same wavelength as your customer
  • Phone conversations – how to make the right impression
  • The techniques for getting action
  • Facilitation – the key skills

    Exercise: Getting your message over – dealing with management

  • What management expects
  • Active listening
  • Meetings and how to manage them – the 5 P’s
  • Body language and how to interpret it
  • How to tell if you are not getting the true picture
  • The secret of effective presentations

Case Study - negotiation

Sun 2 July - Action centred Audit reports

Challenges of audit reporting

  • Who are the reports really for?
  • How do you know a good report when you see one?
  • Management expectations
  • IIA Professional guidelines
  • The need for reports with impact

    Exercise: Characteristics of a Successful Report

What recipients of the report expect

  • 35 questions about your reports
  • The psychological problem with reports
  • Why audit reports are taken as a criticism of management
  • What are the factors preventing the achievement of these best practice measures
  • Tips, techniques and ideas to help you score 35 out of 35
  • Discussion of the implications
  • How to assess the needs of the audit customers
  • Advice and guidance to help you achieve best practice
  • Explanation of a proven method to evaluate reports

    Exercise: Analysis of a Real Report
             (Posted on the Internet)

  • Feedback and discussion

Assessment and Evaluation of Your Own Reports

  • Self evaluation against the model provided (delegates are asked to bring along 2 or 3 recent reports)
  • Discussion of findings/comparison with own evaluation/identification of opportunities for improvement
  • Key challenges and their implications

Best Practice Internal Audit Reports – The Way Forward

  • Key requirements of the audit report of the future
  • How to draft a report with impact
  • Highlighting the issues that matter
  • The psychological problem with reports
  • Why audit reports are taken as a criticism of management
  • How to get recipients to react positively
  • How to write balanced reports
  • How to get 95% of your recommendations actioned
  • Title pages and indexes

    Exercise: Role play a meeting with senior management to discuss the report


Mon 3 July - Implementing Best Practice Audit Reports

  • The Executive Summary –the benefits of writing the Executive summary before the main report.
  • Influence and Persuasion
  • Discussion of the implications – how to reflect the key issues in the Executive Summary
  • Messages rather than content
  • Outcomes rather than output
  • Solutions not problems

    Exercise: Re-writing the Executive summary of one of your own reports

The main report

  • Assignment Objectives
  • Scope
  • Forming and expressing the opinion
  • Benefits and deliverables
  • Conclusions
  • The power of Senior management comments
  • Words and phrases to avoid
  • Best practice format
  • Reducing the number of words
  • The power of pictures and graphics
  • The need to relate the issues to objectives and risk
  • How to deal with sensitive issues in the report.
  • Recommendations and actions
  • Management Comments
  • Action plans
  • A Best practice report template will be shared

    Exercise: Redrafting the objectives, scope, opinion and
    conclusions in the Techniques

Presenting/Distributing Reports and Measuring Success

  • Distribution lists
  • Presenting or issuing reports (including use of e-mail and the Intranet)
  • Alternative methods of reporting e.g. PowerPoint presentations
  • 20 steps to success
  • Follow up audits – using the action plan
  • How to get management to take responsibility for chasing actions
  • Determining your reporting key performance indicators (KPI’s)

Writing a Report in the Best Practice Format

  • Interactive Exercise- Taking a long report of your own – ideally one with more than 15 pages and turning it into the 6 page best practice format

Tue 4 July - Getting action during the Audit

The Skills required

  • Results of recent surveys
  • Outlining the broader range of skills needed
  • How to carry out a skills inventory
  • Facilitation skills – tips and techniques
  • How to recruit personnel with the skills you need
  • Achieving a blend of experience, competencies and innovation

    Exercise: The skills inventory

Preparing for an assignment

  • Preparing for an assignment
  • Objectives and risk
  • Areas to cover
  • Getting management input

    Exercise: Planning meeting with management

Completing an assignment

  • Explaining the approach to staff of the function being audited
  • Treating your customers with respect
  • Building a picture of the system and processes
  • Deciding who to interview
  • Interviews

    Exercise: Assurance interview

  • Testing – how to determine how much is necessary
  • Walk through tests
  • Fieldwork Techniques (compliance, transactional, analytical review, sampling etc)
  • How to decide the depth of testing required
  • Working papers
  • The clearance meeting

    Exercise: The clearance meeting

Wed 5 July - Communicating as a team and with Management

  • Communicating as part of a team - the do’s and don’ts
  • 4 Practical and fun exercises with analysis and feedback – series of linked tasks requiring clear communication and understanding
  • 5 minute presentations on the experience after each exercise with feedback

    Moonshot
    The Final Straw
    Building Rapport
    The Puzzle

  • The skills inventory – issues to concentrate on

All the following skills will be incorporated today:

  • Diplomacy
  • Open -mindedness
  • Communication Skills – written, verbal, auditory, facilitation and presentation
  • Persuasiveness
  • Negotiation ability
  • Self motivation and self confidence
  • Decision making ability
  • Flexibility and ability to co-operate
  • Time management
  • Flexibility and ability to co-operate
  • Time management
  • Judgement
  • Analytical skills
  • Self control
  • Practicality
  • Results orientation

Presentation skills

Case Study – effective presentation –the ultimate in reporting

  • Discussion of presentations and impact
  • Determining the audience and preparing an appropriate approach
  • The need for impact
  • Deciding the form of presentation
  • Use of visual aids
  • How many notes should you use
  • Use of humour – is this a good idea?
  • Education or decision seeking – the different techniques
  • How to combat nerves
  • Keeping in control
  • How to deal with questions
  • Keeping the flow
  • The need not to over prepare
  • Use of simple language
  • How to keep the audience’s interest
  • Use of props
  • Anticipating the questions
  • Considering what the audience will expect
  • Assessing the results
  • Getting feedback
  • Learning points discussed
  • Development of personal action plans
  • Course Summary

Copyright Business Risk Management Ltd 2006

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