Skip to main content

Project Management Fundamentals for Audit

Back to Course Schedule
Date(s): Jul 26, 2022 - Jul 29, 2022
Time: 8:00AM - 12:00PM
Registration Fee: $279.00
Cancellation Date: Jul 19, 2022
Location: Online

Course Description

The audit engagement is a project, but rarely are proven project management methodologies used in managing internal audits. Audits are regularly subject to delays, changes in scope, scope creep, resource shortages, and frequent struggles with timeliness. And rarely do formal Project Management courses translate easily into specific steps and techniques that can be leveraged in an audit. This course will translate formal project management skills into audit-specific methods and techniques that will help audit teams overcome common engagement challenges and immediately increase credibility by delivering on-time and focused audits. The tools and techniques shared can be immediately implemented in every audit process. Real-life examples of failures and successes will be covered to highlight the learning process. This course is interactive with multiple hands-on exercises and class participation to provide opportunities for you to practice what you learn.


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:
Category: Auditing

Course Objectives

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

• Learning the basic concepts and fundamentals of formal project management methodologies from the Project Management Institute

• Understanding how to apply formal project management methodologies to the audit process

• Learning the basic tools and techniques used in formal project management

• Understanding how to use formal project management in managing audits

• Learning how to deal with changes to scope and scope creep


Detailed Course Outline

Project Management Overview

  • Fundamentals of project management

  • Benefits of project management

  • Project characteristics

  • Phases of project management

  • Project management case studies

Project Management Fundamentals

  • Project Management Institute (PMI) framework

  • Cornerstones of project management

  • Gantt charts

  • Critical path

  • Work breakdown structure

  • Dependencies and scheduling

  • Scope

Audits as Formal Projects—Planning

  • Translating project steps into audit steps

  • Choosing and modifying project tools for audits

  • Formal scoping approaches—SIPOC/Visual Tools

Audits as Formal Projects—Executing, Monitoring, and Controlling

  • Monitoring and controlling the audit like a project

  • Measurements and metrics for audits—schedule, budget to actual, etc.

  • Formal change management to minimize scope change/creep

  • Communicating results—leveraging the 5 Cs

  • Lessons learned and post-mortems for continual improvement

Formal Project Communication Plans

  • External communication plan—audit client

  • Internal communication plan—audit team

  • Understanding the difference between information and communication

  • Expectations and consistency

  • Reporting

Managing Multiple Projects

  • Managing different personalities

  • Difficult people and situations

  • Communication approaches

  • Time management tools and techniques


Instructors

Mary Breslin

Mary Breslin is the Founder of Verracy Training & Consulting and specializes in Internal Audit transformations, Operational and Financial Auditing, Fraud Auditing & Investigations, and Corporate Accounting.

 

Ms. Breslin’s career spans over 20 years in Internal Auditing, Management and Accounting for companies such as ConocoPhillips, Barclays Capital, Costco Wholesale, Jefferson Wells and Boart Longyear. With significant International experience, she has managed audit programs in more than 50 countries. Most recently, Ms. Breslin held the title of Vice President and Chief Audit Executive where she transformed a checklist audit function into a value-add audit department which regularly delivered measurable business results through the use of risk-based auditing, data analytics, continuous education and skill development for her leadership team and staff.

 

Mary was an early adopter of analytics for audit and has been utilizing data analytics in her career in both audit and fraud work for over 15 years. She has transformed the capabilities of audit functions using data analytics programs using ACL, IDEA and Arbutus Analyzer. Through her expertise and guidance, she has helped large global organizations leverage analytics to significantly increase coverage, automate continuous auditing and monitoring, and actively fight fraud.

 

Additionally, Ms. Breslin has extensive Fraud Audit and Investigation experience and has conducted major fraud investigations on multiple continents including large scale federal cases domestically. She has developed and implemented fraud auditing programs in various industries focused on both accounting and operations.

 

Ms. Breslin attended Rutgers University and received her BS in accounting, and an MBA from the University of Phoenix while living and working overseas. She is a Certified Internal Auditor (CIA), and Certified Fraud Examiner (CFE). She maintains memberships in the Institute of Internal Auditors (IIA), American Institute of Certified Public Accountants (AICPA), ISACA, the Society of Corporate Compliance (SCCE), and the Association of Certified Fraud Examiners (ACFE) and is currently an instructor and conference speaker for the IIA, The ACFE and ISACA.


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.

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


Back to Course Schedule