Boost your productivity by

mastering innovative audit!

Course One Course Two

Innovative Advanced
Audit Audit
Reporting Skills
9 – 10 August 2009 11 – 13 August 2009

9 – 13 August 2009 • Dusit Thani Hotel, Dubai, UAE

Attend This Best Practice Course To: Attend This Advanced Course To:
• Discover 100 ways to improve your reports • Improve audit performance, success and
• Enhance the impact of your reports reputation by adopting the most up to date
significantly audit techniques
• Make your reports easier to write, easier • Market the internal audit service effectively
to review and easier for management to
implement • Adopt proven methods to automate the
audit process
• Improve the acceptance and
implementation of your recommendations • Enhance your coverage by auditing more
with proven techniques challenging and interesting areas of the
business
Who Should Attend?
• Add measurable value to your organisation
Audit professionals seeking fresh perspectives and
advanced techniques in Middle East audit reporting by delivering world class audit services
including, but not limited to:
• Heads of Audit Department • Enable your organisation to combat the risk
• Auditing Directors • Internal Auditors of fraud
• Auditing Managers • Auditors
• Financial Managers

IIR SUMMER SERIES

Organised by Official Regional Recruitment Partner

IIR
R SUMM
SUMMER
SUM
U SERIES www.iirme.com/audit
 Meet Your Expert Course Director:
Dear Audit Professional,
Phil Griffiths FCA, AIIA is Founder and
As a progressive audit practitioner who strives for
consistent growth, your vision is world-class and you Managing Director of Business Risk
realise that long term survival in today’s competitive Management Ltd.A Chartered Accountant,
marketplace means delivering impeccable products he has over 25 years’ experience in internal
and services. audit, risk management and fraud prevention
as practitioner, professional adviser, consultant
That is why we are confident that you will benefit and trainer. He has held top management
overwhelmingly from these two highly interactive, positions with a number of international groups,
value-adding IIR courses taking place in Dubai this in roles embracing finance, internal audit, risk management, IT
summer from 9 – 13 August 2009. and general management.
Global and regional auditing standards alike
are developing at a phenomenal rate, with ever His areas of expertise include:
increasing improvements in their clarity and structure. • Assisting senior management to identify, manage and then
Through a revolutionary, practical approach, your exploit the risks within their business via facilitated business risk
renowned course director Phil Griffiths will help you management programmes
drive a broader value proposition. • Helping internal audit functions to implement world class
standards
Simplicity is the key to masterminding the world of • Benchmarking internal audit and risk management – the BRM
audit and this course will dispel the myths, enabling Ltd. database has information from over 2000 organisations
an entirely fresh approach to executing traditional across the world
auditing functions.
• Fraud prevention, detection and investigation programmes
Open the door to a new realm of opportunities by tailored specifically to clients requirements
registering today for IIR’s Innovative Audit Reporting • Training both private and public sector organisations in all the
and Advanced Audit Skills. above disciplines

Register on the phone, by email, online or by fax. Phil is recognised as an accomplished and charismatic
See the back page of this brochure for more details, facilitator, trainer and lecturer having advised many renowned
including information on our significant early bird organisations, coordinated top-level events and addressed
discounts! national and international conferences on a wide range of
critical business topics.
Phil and I look forward to seeing you in August.

Best Regards, He has published research into many aspects of the audit and
risk management challenges faced by organisations, the latest
being his new book ‘Risk Based Auditing’.

Keith Parker He has worked extensively with all sectors in the Gulf during
Conference Manager the past 13 years to enable such organisations to exploit their
IIR Middle East potential by managing their strategic risks and/or enhancing the
effectiveness of their internal audit service.
P.S. You are asked to bring along two or three recent
audit reports. These are solely for your own reference.

P.P.S. You will receive an electronic version of a best

practice audit manual. Would You Like To Run This Course Exclusively
Within Your Organisation?

IIR SUMMER SERIES IIR’s Customised Training Solutions is the in-house training
The United Arab Emirates is something of an enigma. division of IIR Middle East.
Selling itself on superlatives, the biggest, best, highest
and tallest are all infinitely impressive. But scratch below FLEXIBILITY
Have the flexibility to modify the course content, length of
the surface and be captivated by a breathtaking training and where and when it will take place
natural beauty that belies the blurb.
CUSTOMISED PROGRAMMES
Programmes tailored to meet your departmental objectives
Whether it’s diving with dolphins or treading water with that reflect your organisation’s vision
turtles, you’re sure to be enticed by the tantalising azure SAVINGS
hues of the Gulf. So, why not mix business with pleasure Reduced expenditure – no staff hotel or travel costs and a
and extend the frivolities to your family? saving on valuable employee time

EXPERIENCE
As the city simmers, Dubai Summer Surprises (DSS) Benefit from expert opinion and advice from our professional team
regarded as the industry leaders within the Middle East
presents its annual playground for adults and children
alike, with an array of entertainment to capture and ACHIEVEMENT
IIR certificates awarded to attendees. Access to exclusive
enrapture the imagination. certified courses in the region

Each week from June to August, shopping malls will be Our Customised Training Solutions team are veterans of in-house
transformed into entertainment centres, providing an training with a portfolio of specialists unrivalled anywhere in the
assortment of fun based activities, shows and leisure Middle East! To design your training projects with significant business
impact, please contact Leigh Kendall on: +971-4-335 2439 or email
pursuits. This summer, put the feeling back into your our team at cts@iirme.com
business dealings and treat your nearest and dearest to
a divine discounted stay, which will keep those credit- www.iirme.com/cts
crunch blues at bay!

971-4-3352437 971-4-3352438 register@iirme.com www.iirme.com/audit

 Course Methodology

Both courses will be highly practical and interactive with exercises and case studies to enhance your understanding of the
key issues including how to :

• Deal with the common problems of audit reports which • Assess your reputation
often: • Create risk based audit plans
- Have too many pages and unnecessarily long • Automate the audit process
explanations • Enhance the level of assurance you can give without the
- Take too long to issue and finalise need to increase the time on each audit
- Have impractical recommendations • Understand the corporate governance challenges
- Do not get commitment by management • Combat the risk of fraud
• Critically assess your own reports • Audit the reputation of your organisation
• Create a best practice report
• Set your own key performance indicators

Course Timings: Registration will commence at 08:00 on Day One of each course. The courses will begin at 08:30 each day.
There will be two breaks for refreshments at around 10:30 and 12:30. Lunch will follow close of day at 14:30.

Innovative Audit Reporting

Course One: 9 – 10 August 2009

Course Outline

Internal audit reports and the reporting process should be constructive, creative and provoke change. In this
age of innovation and challenge, conventional audit reports and reporting procedures may fail to arouse
interest, stimulate action, or do justice to the audit performed.

Answer these 20 questions about internal audit reports issued during the last 12 months as truthfully and
objectively as you can.

1. Have more than 95% of audit recommendations 13. Was the audit opinion a true reflection of the
during the last year been fully and successfully overall conclusions? Did the key recipient accept
implemented? this audit opinion as valid?
2. Did your reports correlate with your organisation’s 14. Did the findings, conclusions and
strategic and business objectives? Do your recommendations really represent the key issues?
audit recommendations specifically assist in their 15. Did you only report on the major issues found
achievement? during the audit with the minor issues being dealt
3. Were all of your reports less than six pages? with separately?
4. If you were the recipient would they have spurred 16. Were all the recommendations 100% practicable?
you into immediate action? 17. Were all the audits conducted fully recognised
5. Did all the reports take less than two weeks to by the organisation as helpful and relating to key
finalise? business risks or opportunities?
6. Were all of your findings or recommendations 18. Were the reports a true reflection of the expertise,
different from the last time an audit of the same knowledge and professionalism that went into the
area was carried out? audits?
7. Was the cost of completing the audit shown on 19. Have you changed the report format significantly
the face of the report? within the past two years?
8. Did the reports include photographs and 20. Do you believe that your reports are as good as
graphics? they could be?
9. Were they issued electronically?
10. Were there any surprises? If you cannot answer ‘Yes’ to more than 15 of the
11. Did the reports focus on the future rather than the questions it is unlikely that your audit reports will meet
past? the needs of your organisation. If you scored 10 or less
you are probably being more objective than those
12. Did the management comments indicate real
who scored themselves 15 or more. (And you will
commitment rather than simply a way for the
represent very much the normal organisation as far as
client to close the audit process and get on to
audit reports go!)
something else?

971-4-3352437 971-4-3352438 register@iirme.com www.iirme.com/audit

Day One: Sunday, 9 August 2009 Exercise 6: The Executive Summary

Audit Reporting And Impact The Main Report

• Audit objectives
Audit Reports – Your Shop Window • Scope
• Challenges of audit reporting • Forming and expressing the audit opinion
• Who are the reports really for? • Benefits and deliverables
• How do you know a good report when you see one? • Conclusions
• What management expects – recent survey of chief • The power of senior management comments
executives • Words and phrases to avoid
• Best practice format
• Professional standards
• Reducing the number of words
• The need for reports with impact
• The power of pictures and graphics
• The need to relate the issues to objectives and risk
Exercise 1: Characteristics Of A Successful Report
• Recommendations and actions
• Management comments
The Problems With Audit Reports
• Action plans
• The 20 questions – how did you score?
• Dissemination of a best practice report template
• What are the factors impacting achievement of these best
practice measures?
Exercise 7: Redrafting The Objectives, Scope And Audit
• Tips, techniques and ideas to help you score 20 out of 20 Opinion

Exercise 2: 20 More Best Practice Questions Presenting And Distributing Reports And Measuring Success
• Distribution lists
• Discussion of the implications • Presenting or issuing reports (including use of e-mail and
• Advice and guidance to help you achieve best practice the intranet)
• Explanation of a proven method to evaluate your own • Alternative methods of reporting e.g. PowerPoint
reports presentations
• 20 steps to success
Exercise 3: Analysis Of Two Actual Reports • Follow up audits – using the action plan
• How to get management to take responsibility for chasing
• Feedback and discussion actions
• Determining your reporting Key Performance Indicators
Exercise 4: Assessment And Evaluation Of Your Own Reports (KPIs)

• Self evaluation against the model provided (you are asked Exercise 8: Reporting KPIs
to bring along two or three recent reports – for your own
use) Writing A Report In The Best Practice Format
• Key challenges and their implications
Interactive Exercise: Taking a long report of your own –
Is this the right course for you?
Best Practice Internal Audit Reports – The Way Forward ideally one with more than 15 pages – and turning it into the
• Key requirements of the audit report of the future six page best practice format. A report should be brought
• How to draft a report with impact along for the purpose. *5
• Highlighting the issues that matter
• The psychological problem with reports *4 Risk Based
• Why audit reports are taken as a criticism of management Auditing
• How to get recipients to react positively
• How to write balanced reports *3 Innovative Audit Reporting
and Advanced Audit Skills
• Format and structure
• Wording and layout *2 Lead Auditor – for auditors with
• How to get 95% of your recommendations actioned 12-18 months experience or auditors
responsible for supervising teams

*1 Essentials of Internal Audit – for newcomers to the

Exercise 5: Role-Play – Meeting With Senior Management To audit role – those who are about to be appointed to
Discuss The Key Issues the role
5. Heads of audit forum – solely for heads of internal audit or
those who have been appointed to an HOA role
Day Two: Monday, 10 August 2009 4. Primarily for audit managers and senior auditors with more than
two years experience

Implementing Best Practice Audit Reports 3. Designed primarily for senior auditors with 18+ months
experience
2. Suitable for those personnel in other assurance functions
The Executive Summary
including compliance and health safety and environmental
• The messages you want the board to hear auditors who need to build their leadership skills
• How to ensure no overreaction 1. Also suitable for managers and staff from other functions who
• Including positive comments need to build an understanding of the internal audit role
• How to keep it short and focused

971-4-3352437 971-4-3352438 register@iirme.com www.iirme.com/audit

Course Timings: Registration will commence at 08:00 on Day One of each course. The courses will begin at 08:30 each day.
There will be two breaks for refreshments at around 10:30 and 12:30. Lunch will follow close of day at 14:30.

Advanced Audit Skills Course Two: 11-13 August 2009

Fraud And The Internal Audit Role

Day One: Tuesday, 11 August 2009 • Fraud explained: definitions and nuances
• Who commits fraud?
Planning And Automation • Trends and statistics regarding detected fraud
• Why fraud is probably being perpetrated now in your
The Internal Audit Role organisation
• Audit’s primary roles, objectives and concerns • Fraud case histories and the lessons to be learned
• What is best practice? – sharing results of recent
benchmarking surveys Exercise 16: Typical Fraud Scenario
• The role of the function – policeman, risk assessor or
consultant? • Fraud indicators
• The reputation of the function and how to assess it • Spotting the danger signs
• Key performance indicators • Auditors fraud toolkit
• Proactive fraud detection
Exercise 9: Assessing The Reputation Of Your Function • Anti-fraud policies
• Use of data mining
Audit Planning • Fraud profiling – how to target the right systems
• Determining the level of assurance required • How to get the information you need
• Identifying the audit universe
• Strategic audit planning Exercise 17: Identifying The Fraud Risks
• Best practice audit risk planning model (an electronic
version will be provided)
Exercise 10: Strategic Audit Planning Using The Model
Day Three: Thursday,13 August 2009
The New Challenges For Internal Audit
• Sources of work
• Managing audit requests Risk Based Assurance
• Audit programme development
• Assignment planning and control • Why is corporate governance so important?
• Fieldwork techniques • The enhanced role of stakeholders
• Risk based audit
Exercise 11: Fieldwork Techniques • The need to translate the key risks into the basis of the IA
programme
• How to cover specialist areas • The options for internal audit involvement in risk evaluation
• Controlling risk-self assessment
Audit Automation • The need to coordinate the various assurance providers
• Computer assisted audit techniques • How to focus your audit attention
• Covering the whole population of data rather than just a
sample Exercise 18: Major Risks In Your Organisation
• Benfords Law and its importance
• Options available Audit Manual
• Job descriptions
Demonstration of ACL – the market leading audit software • Audit methodology
solution • Annual and quarterly audit plan
• Time recording
Marketing Of Internal Audit • Interpersonal awareness
• Success measures • Personnel to interview determination
• Methods of marketing • Pre-audit PowerPoint
• Key Performance Indicators (KPIs) • Audit testing
• Tools and techniques • Methods of testing adopted
• Clearance meeting
Exercise 12: Marketing The Function • Audit classification
Exercise 19: What Makes A Good Audit Manual?
Day Two: Wednesday, 12 August 2009
You will receive an electronic version of a 64-page best
Pushing The Barriers Back practice audit manual
Skills Required Benchmarking Internal Audit
• Results of recent surveys • The power of benchmarking
• Outlining the broader range of skills needed • Internal quality assurance
• Is internal audit a career or a stepping stone? • The need for external evaluation as per the IIA standards
Exercise 13: Audit Skills • The need to give comfort to the audit committee
regarding best practice
• How to carry out a skills inventory • Introduction to a unique benchmarking template
• Facilitation skills – tips and techniques • Explanation of the 11 sections
• How to recruit personnel with the skills you need - Corporate governance and the internal audit role
• Achieving a blend of experience, competencies and - Professional standards
innovation - Audit charter
- The audit committee relationship
Exercise 14: The Skills Inventory - Skills, training and resources
- Strategic audit planning
Relationships With The Board And Audit Committees - The audit manual
• Board requirements of internal audit - Completing the audit
• Developing regular contact with the chief executive - Audit reports
• Role of the audit committee - Measuring performance
• The audit committee relationship – how to develop this - Marketing the function
• Evaluating audit committee requirements • Explanation of the scoring system – 200 areas with a
• How to anticipate requests etc. maximum overall score of 500
• How to develop effective audit committee reports
• External audit relationships Exercise 20: Completing The Benchmarking Template
Exercise 15: The Audit Committee/ Board Report Course Summary And Close

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 Innovative Audit Reporting IIR Middle East certified by

Advanced Audit Skills

9 – 13 August 2009 • Dusit Thani Hotel, Dubai, UAE
IS0 9001: 2000

FIVE WAYS TO REGISTER

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IIR Holdings Ltd. GCS/IIR Holdings Ltd.

P.O Box 21743 P.O Box 13977
Dubai, UAE Muharraq, Kingdom of Bahrain

www.iirme.com/audit

Interested in running this course in-house?

Please call the Customised Training Solutions Team
on 971-4-3352439 or CTS@iirme.com

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