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Innovation in Audit

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Date(s): Jan 11, 2022 - Jan 12, 2022
Time: 8:00AM - 4:30PM
Registration Fee: $499.00
Cancellation Date: Jan 04, 2022
Location: JOHN M. KEEL LEARNING CENTER
City: Austin

Course Description

The amount, speed and impact of change has accelerated significantly, and all indicators point to more change in the future. Organizations are expected to innovate and become creative in the pursuit of business objectives, the management of risks and the implementation of appropriate controls that increase the likelihood of success in the short and longer terms. 

Auditors must understand the dynamics driving these changes, how innovation is being used in modern organizations, and how it affects the efforts to provide reasonable assurance to the board of directors, management and other stakeholders. Internal audit must not only understand change and innovation, but must embrace, adopt, thrive with it and promote it.  

This course will teach you where and how innovation can work in your organization’s favor, so value is protected and enhanced while risks are appropriately managed. Internal audit must not only understand change and innovation, but must embrace, adopt and promote it.

Part one of this two-part series of courses will explore where and how innovation can work in the planning and execution of audit assignments to enhance and protect value while risks are managed.


Potential CPE Credits: 16.0
Govt Hours: This class meets 16.0 hours of the 24-hour requirement for governmental CPE under Government Auditing Standards (yellow book), in most cases.
Technical Hours: This class meets 16.0 CPE credits of technical training in compliance with Texas Admin. Code Rule 523.102.

Instruction Type: Live
Experience Level: ALL
Category: Auditing

Course Objectives

Upon completion of this course, participants will be able to:

 • Use innovation in the planning, fieldwork and reporting stages of audits

• Identify ways of improving audit methodology

• Discover techniques to be more responsive to your clients’ needs

• Adapt effectively to an ever-changing risk and controls environment

• Understand management’s actions and how innovation impacts your organization’s programs, processes, products and services

• Build stronger relationships with the board and management by demonstrating resilience, adaptability and forward-thinking


Prerequisites

No Prerequisites Required.

Yellowbook Government, 4.23(q).


Instructors

Kathleen Crawford

Kathleen Crawford is a Senior Consultant for MIS Training Institute. She has more than 25 years' experience in internal audit and fraud investigation. Ms. Crawford is a consultant, specializing in assurance, investigative and advisory projects. Previously, she was an Internal Auditor for Vinfen Corporation, a private, nonprofit human services organization. There she assisted management in the standardizing operations, developing policies and procedures and improving processes. Ms. Crawford also investigated suspected financial crimes, collecting evidence to support successful prosecution and recovery of assets. She created unique methodology to detect and document fraud while complying with unique requirements of MA and CT human services regulations.

Ms. Crawford began her career as a bank auditor, first with Bank of New England, then Eastern Bank and State Street Bank. In all three institutions, she was responsible for both internal audits and fraud investigations. Ms. Crawford holds an MBA from the University of Phoenix, attended Babson College Graduate School of Business, and holds a BA in English from Boston College. A member of the Institute of Internal Auditors, she is a past President of the Greater Boston Chapter of the IIA. She is also a member of the Association of Certified Fraud Examiners and the Association for Talent Development. Ms. Crawford serves as Treasurer of the Board of Trustees of the Foxborough Regional Charter School and its foundation, Friends of FRCS. She is also Chair of Vinfen Corporation's Family Advisory Council, a group that consults on issues important to persons with intellectual and developmental disabilities.


Additional Information

TAC Rule 523.142(g) requires the CPE Sponsor to monitor individual attendance and assign the correct number of CPE credits. Participants will be asked to document their time of arrival and departure in compliance with this Rule. Additionally, attendance will be monitored throughout the day and CPE certificates will reflect actual attendance of each participant.

If you are making travel plans to come to Austin, we recommend making "refundable" air and hotel reservations or waiting until 14 days before the class to actually book your reservations. Courses are occasionally canceled or rescheduled due to low enrollment. We determine whether a course has enough participants 16 days prior to the course date. If we cancel or reschedule, we will email the participant and his or her billing contact no later than 14 days before the original class date.

The course coordinator will contact you with parking information. Handicapped parking is free at the meters around the downtown area.

Vending machines with Coca-Cola products and various snack items are available. There is also a refrigerator and microwave in our coffee bar area. Feel free to bring in your own drinks and food if you prefer.

You might want to bring a light sweater or jacket, as room temperatures vary.

To see answers to our Frequently Asked Questions, visit http://www.sao.texas.gov/training/faq.html.



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