Internal Audit and especially the Chief Audit Executive (CAE) are expected to be the "independent ear" on the business for the audit committee. Yet, any organizations have difficulty accepting that role.
As a past CAE, I have experienced both success and failure working with the audit committee, and in each situation I took away critical learnings. This course shares the important lessons learned to assist internal audit in developing strong and lasting relationships with critical stakeholders.
Prerequisites
No Advanced Preparation or Prerequisites are needed for this course.
Learning Objective
- Explore the top 5 Lessons learned when dealing with the audit committee.
- Recognize keys to building effective communications with the committee.
- Explore how to gain the confidence of the audit committee.
- Explore how to balance management concerns with audit committee relationships.
Last updated/reviewed: March 13, 2024
(39) Reviews
(26 rating)
Ethical issues are sometimes downrated, what is not correct. Great presentation.
Such a great course, and very useful tools! I would highly recommend it.
Great information about useful tools. Didn't know there were so many plugins available
When preparing for an Internal Control Certificate, it's essential to choose resources that align with the specific certification or credential you are pursuing and to dedicate sufficient time to study and practice. I would recommend this course.
Very interesting course! ..................................................................
Informative, interesting and up-to-date. Useful for all employees, particularly for managers.
Good information that should be revisited frequently.
The lecture is very organized and easy to follow. I am experienced user of Pivot table so the Final exam was not difficult, yet I have learned some functions I did not know. I really enjoyed it!
Excellent! This will lead better comunication. White spaces are realy an important.
The questions in the quiz and test are hard to understand and at times do not make sense grammatically.
Great! Thank you for another useful and interesting course. Awesome summary.
This was a great course, I would recommend it to all. The instructor even attempted to include some humor ;)
This is an excellent course from Lynn Fountain! The real-life scenarios and current event considerations bring life to the topic.
"How should the control environment be viewed by organizations?" <--Based on the expected answer, this question is written extremely poorly & is misleading.
The course was adequate but suggest you relook at the questions. The use of not in the questions is very confusing even for the most experienced person. Also your question in the final exam on incentives is poorly worded
Your courses have all been so wonderful, so informational, and so thorough--in short, greatly appreciated by me! Thank you for sharing your expertise, your wealth of knowledge, your inclusion of examples! I have greatly enjoyed reading and listening to all of your lectures thus far.
Good review course. This was a solid refresher for something I have been away from for some time.
Impressive course and great refresher. I especially like the pdf summaries that are provided as a point of reference.
An important aspect that companies forget to look at because cyber attacks are seldomly experienced by them. Great refresher on how to react to cyber attacks
Good overview of whistle-blowing and the statistics included in the pdf are good to see.
This course does well at explaining keys to maintaining independence and objectivity as an auditor.
Proper Documentation Methods for Internal Audit and Internal Controls Processes is a very good course designed to emphasize the importance of documentation in the world today. It introduces different methods for properly documenting information while providing pros/cons to each.
Nicely done. Succinct and straight to the point but also very informative. Thank you.
This course should be required viewing by anyone involved in risk or assurance functions!
Course provides very good information related to the difference between general controls and application controls.
The course is excellent, it adds a different perspective in the function of the CAE as part of the company.
Great information! Easy to understand and overall meaningful content....
Perfect certification
Clear and concise - great examples provided. A great course for any experienced auditor.
I really enjoyed course. I would like to be able to see the correct answer for exam questions wrong.
Excellent course
Test questions were not captured in the presentation materials.
Did not like questions about Apple. Numbers not in front of me.
It was a very good course
Very informative! Great resources, tools and presentation.
Excellent Course!!
Enjoyed the examples used to emphasis points of discussion.
Bullet points - not the entire conversation or presentation - Please!!!!
l like learn about this course and subject We will follow full courses for an intense love thank you very much
Lesson Questions and Answers0 Questions
Course Syllabus
INTRODUCTION AND OVERVIEW
Top Lessons of Internal Audit
- Lesson 1 IA Standards 7:29
- Lesson 2 The Perceived Role of IA 10:23
- Lesson 2 (Continued) 6:37
- Lesson 3 Telling vs. Asking 11:38
- Lesson 4 Charters 3:19
- Lesson 5 Reporting Methods 3:44
Communication and Confidence
- Keys to Communication 8:13
- Gaining AC Confidence 6:02
CONCLUSION
CONTINUOUS PLAY
SUPPORTING MATERIALS
- Slides: Institute Of Internal Auditors Update PDF
- Slides: Internal Audit Effective Relations with the Audit Committee PDF
- Internal Audit Effective Relations with the Audit Committee Glossary/Index PDF
REVIEW and TEST
- REVIEW QUESTIONS quiz
- FINAL EXAM exam
Ask the instructor a question about this lesson