Process Analysis for Auditors

PROCESS ANALYSIS FOR AUDITORS

PLEASE NOTE: This course is run in partnership with the Institute of Internal Auditors (IIA). Please visit the IIA's website or call the IIA's Training & Events Department on 0207 498 0101 for course cost and details of how to book.

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COURSE OVERVIEW

This course uncovers the relationship between the activities that make up a process to help analyse purpose, value, risk, and points of weakness or failure, and is targeted at delivering more complete, more astute and more valuable results from an audit review.

COURSE BENEFITS

Skills:

After completion of this course, you will be able to:

Appreciate how process analysis incorporated within the audit process produces better and more relevant audit results
Describe process activities that are compatible with the audit role
Understand process chains and how they are relevant to individuals, organisations and to the management of control and risk
Understand the fundamentals of process analysis and the tools that can be deployed
Deploy a range of new techniques: to improve the evaluation of processes; to analyse significant processes; and to help improve the design of risk-mitigating controls
Perform low-impact process modelling to contribute added value to audit observations and findings

Support Materials:

The course is accompanied by a manual that contains explanations, illustrations, and examples to use on return to work. A demonstration version of a process modelling tool will also be made available to delegates.

WHO SHOULD ATTEND

Those familiar with systems and risk based audit work that want to explore techniques to improve the value and business-relevance of their work. To ensure practical grounding delegates will spend most of their time practising and developing their process skills by working through examples and challenges.

COURSE Programme

The audit paradigm

Adding audit value
End-to-end process flow analysis compared to other audit approaches
Locating risk within the infrastructure of systems
Process techniques and auditing – appropriate roles and strategies

Process chain basics

Concepts of process chain and value
Process chain analysis
Internal views of a process
Client views of a process
Risk and the process chain – the hotspots
Process optimisation
Process analysis and its usefulness to audit documentation

Process analysis basics

Core processes – the heart of the matter
Process expansion – top down analysis
Activity resourcing – quantification of a process
Path of least resource – lowest cost way of performing the process
Software tools and assistance – smart approaches

Process flow analysis

analytical approach
Following flow through a process
Asking the right questions
Service and risk attributes – what are they and where are they?
Seeking hidden paths
Identifying points at risk and applying controls
Identifying external links
Job roles, segregation and processes
Improving the control chain – reducing the cost of control
Reporting process improvements as part of an audit

Process modelling

Adaptation for audit purposes
Low impact adoption into audit processes

PRESENTED BY:
This course is designed, developed and presented by MindGrove Ltd.

TRAINING

In-House Training

Public Course Schedule

Course Library

CONSULTANCY

RESOURCES

CLIENTS

CONTACT US

DATES	LOCATION
03 - 04 Mar 08	London
29 - 30 Sep 08	London
If there are more than 3 people in your organisation interested in this course, you may wish to bring the course in-house. Please call us on 01925 732 757 to discuss this option.

Call us on +44 (0)1925 732 757