Advanced Auditing for In-Charge Auditors - OAG201ONL

22 modules



Kimberly Sweeney







Learn how to develop risk-based, SOX-sensitive audit programs. You will explore all the elements involved in balancing traditional operational risk-based auditing with the time-consuming demands of SOX compliance. You will cover audit program flexibility, organizational and financial compliance risk assessment, priority-setting during fieldwork and effective oral and written communication of audit findings.





This is a SELF-STUDY module type course. Participants will be presented with a PowerPoint presentation divided into chapters. Each chapter contains an exam where participants must achieve a minimum grade of 60% to progress to the next chapter. 



CPE credits for MISTI's Online Self Study courses are NOT NASBA certified CPE certificates. You will receive a completion certificate upon finishing the course for the stated number of credits. Some organizations will not accept CPE certificates that are not NASBA certified. Please inquire about the requirements of your organization for more details. Only the registered participant will receive a completion certificate. Online self study courses are intended for a single participant. Group discounts are available. For more information please contact our Customer Service Department at 508-879-7999 ext. 501.


Course Outline

Section I

Definition of Internal Auditing
Reasons Why Internal Audit Must Add More Value
Fieldwork Management: In-Charge’s Perspective
Fieldwork Methodology Tools
Workpaper Review
Samples of Evaluations
Section II
Responsibilities of The Internal Audit Department
Operational versus Financial/Compliance Auditing
Essentials of Operational Auditing
The Audit Triangles
Questions an Audit Attempts to Answer

Section III

Evidence of the Changing Control Environment
Soft/Hard Controls
Impact of Sarbanes-Oxley
Corporate Governance
Blue Ribbon Committee on Corporate Audit Committees
Sarbanes-Oxley Overview
Attributes of Effective Controls

Section IV

Marketing the Audit Function

Section V

What Is Risk Assessment?
Trends in Risk Assessment
Four Assets of Auditors
Audit Level Risk Assessment Factors

Section VI

The Importance of Preliminary Work
Allocating Time
Areas to Consider for a More Productive Audit
The Audit Program
Criteria for Audit Programs
How to Manage the Audit

Section VII

Project Approaches in Audit Terms
Key Factors to Successful Audit/Project Management
The Audit/Project Planning Process
Using Project Management to Effectively Plan Audits
Time Estimates
Common Workflow Planning Problems
Audit/Project Leader's Responsibilities
Resource Management
Guidelines and Examples of Good Audit/Project Management
Time Management Improvement Issues

Section VIII

Do's and Don'ts of Effective Meeting Management
Trends in Audit Report Formats
Executive Summary Options
Recommendation Options
Guidelines for Issuing More Timely Reports
Closing Conference Strategies Currently in Practice

Section VIIII

Impact of Sarbanes-Oxley in Addressing Fraud
PCAOB Impact
What Is Fraud?
Antifraud Mantra: Prevention and Timely Detection
Applying the Five Components of the COSO Internal Control Framework Professional Standard
Areas of Fraud Occurrence
Indicators of Potential Fraud
Most Successful Techniques for Preventing and Detecting Fraud
Auditing the Tone at the Top

Copyright Notice No part of any MIS Training Institute course materials may be reproduced, stored in a retrieval system, or transmitted by any means, electronic, mechanical, photocopying, recording or otherwise, without written permission from MIS Training Institute.
Corporate Rates Inquire about corporate rates for group pricing. Please email our Customer Service Department at 


By completing/passing this course, you will attain the certificate CPE Certificate of Completion - 9 CPEs

Learning Credits

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Added almost 2 years ago, by Jennifer
Added almost 2 years ago, by Shawna
Course material is stale, many examples were more than 10 years old. Enron, Worldcom, Anderson, etc. and regulation questions from the 90's. Current regulations and auditing practices were not reflected in some of the sections. Most of the slides were simply bullet points so there were no learning opportunities beyond memorizing lists. Would like bullets to expand to how each applies to the course. Risk Management section was weak and there was a blend of Audit Risk and Enterprise Risk within the material.
Added almost 2 years ago, by Debby
Added almost 2 years ago, by Jim
This one was disappointing. We should get a refund or credit for another module. These were obviously just slides of talking points. There was much more discussion to go along with them that was not included. Too many bullet lists for memorization. The last module about the cases was really would have been better as a video or a narrative. And some exams did not match the prior module. This was a waste - IMHO.
Added over 2 years ago, by Anonymous
Slides contained typos Quiz questions asked about topics either 1) not covered in the unit completed, or 2) not contained in the slides for the unit at all. Content more appropriate for a staff level auditor, not advanced in-charge course. Indicated rating of 1 of 5 stars and course displays 2 of 5 stars
Added over 2 years ago, by Sarah
This course had many "typos" and slides 8 and 9 are reversed to test. Slides 10 had 2 items in test NOT discussed in material or even referenced. This, to me, shows poor quality material.
Added over 2 years ago, by Muhammad
Include some more details with the bullet points.
Added almost 3 years ago, by MELISSA
Added about 3 years ago, by Chirstina
Added over 3 years ago, by Kimberly

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