Chapter 1: Internal Audit Operations.....................................................................................................

1
<>Topic A: Internal Audit Policies and Procedures.............................................................................2
-Managing the Internal Audit Activity............................................................................................2
-Policies and Procedures................................................................................................................2
<>Topic B: Internal Audit Administration...........................................................................................2
Chapter 2: Risk-Based Internal Audit Plan..............................................................................................2
<>Topic A: Potential Engagement Sources.........................................................................................2
-Planning.........................................................................................................................................2
-Sources of Potential Engagements................................................................................................2
<>Topic B: Leveraging Risk Management Frameworks......................................................................2
-Organizational Risk Management Frameworks.............................................................................2
-Prioritizing Audit Engagements.....................................................................................................2
<>Topic C: Assurance Engagements...................................................................................................2
-Types of Assurance Engagements:................................................................................................2
<>Topic D: Consulting Engagements..................................................................................................2
-Purpose of Consulting Engagements.............................................................................................2
-types:.............................................................................................................................................2
<>Topic E: Other Party Coordination..................................................................................................3
Chapter 3: Communicating and Reporting.............................................................................................3
<>Topic A: CAE Annual Audit Plan Communication............................................................................3
-Communicating the Annual Audit Plan..........................................................................................3
-Gaining Board Approval................................................................................................................3
-Conformance with Standard 2020.................................................................................................3
<>Topic B: Significant GRC Issue Reporting........................................................................................3
-Reporting Significant GRC Issues...................................................................................................3
-Significant Risk and Control Issues and Management’s Acceptance of Risk..................................3
<>Topic C: Risk and Control Process Effectiveness Reporting.............................................................3
<>Topic D: Internal Audit Key Performance Indicators.......................................................................3
-Internal Audit KPI Reporting..........................................................................................................3
-KPI Reporting.................................................................................................................................3

Chapter 1: Internal Audit Operations

<>Topic A: Internal Audit Policies and Procedures
-Managing the Internal Audit Activity
-Policies and Procedures

<>Topic B: Internal Audit Administration

-Administrative Activities ‘stafing

Chapter 2: Risk-Based Internal Audit Plan

<>Topic A: Potential Engagement Sources
-Planning
-Sources of Potential Engagements
*The audit univers
*The Organization’s Strategic Plan SWOT
* risk perspective of Management and Employees
*Regulatory Mandates RSE HSE DATA PRIVACY
* Risk issues posed by Relevant Market and Industry Trends
*Emerging Issues PANDEMIC ETC
*Other Sources nternal assurance functions (e.g., security, quality, health and safety) or
external assurance providers (e.g., external auditors, regulators, partners

<>Topic B: Leveraging Risk Management Frameworks

-Organizational Risk Management Frameworks
-Prioritizing Audit Engagements

<>Topic C: Assurance Engagements

-Types of Assurance Engagements:
*Operational Engagements ( objectves , stakeholders/ risks)
*Security Engagements
*Financial and Financial Reporting Engagements
*Compliance Engagements
*Performance Engagements
*External Business Relationship Audits
*Privacy Engagements
*Quality Engagements
*Due Diligence Audits

<>Topic D: Consulting Engagements

-Purpose of Consulting Engagements
-types:
*Advisory Consulting Engagements
*Training Consulting Engagements
*Facilitative Consulting Engagements
*Blended Engagements
<>Topic E: Other Party Coordination
*Coordination and Reliance
*Coordinating with External Assurance

Chapter 3: Communicating and Reporting

<>Topic A: CAE Annual Audit Plan Communication
-Communicating the Annual Audit Plan
-Gaining Board Approval
-Conformance with Standard 2020

<>Topic B: Significant GRC Issue Reporting

-Reporting Significant GRC Issues
-Significant Risk and Control Issues and Management’s Acceptance of Risk

<>Topic C: Risk and Control Process Effectiveness Reporting

<>Topic D: Internal Audit Key Performance Indicators
-Internal Audit KPI Reporting
*Demonstrating Conformance with Standard 2060
-KPI Reporting

Section 2
Planning the Engagement
Topic A: Engagement Objectives, Criteria, and Scope
Engagement Planning
Engagement Objectives
Engagement Criteria
Scope of the Engagement

Topic B: Engagement Planning Considerations

Key Risks and Controls in Engagement Planning
Risk and Control Matrix

Topic C: Detailed Risk Assessments

Evaluating Risk and Control Factors
Risk-Based Approach

Topic D: Engagement Procedures and Work Program

Preparing the Engagement Work Program
Determine Engagement Procedures

Topic E: Engagement Resources

Staff Levels
Required Resources

 Section 3
Topic A: Preliminary Survey Information Gathering and Examination
Engagement Area Surveys
Previous Audit Documentation
Walkthroughs
Interviews

Topic B: Checklists and Questionnaires

Checklists and Questionnaires ( internal contrôle questionnaires, yes no questionnaires
etc)

Topic C: Sampling and Statistical Analysis

Sampling and Statistical Analysis
Statistical Sampling + techniques
Non statistical Sampling + techniques
Sampling Risk
Chapter 2: Analysis and Evaluation
Topic A: Computerized Audit Tools and Techniques
CAATs

Topic B: Evaluating Potential Sources of Evidence

Relevance, Sufficiency, and Reliability
Evidence Considerations
Evaluating Sources of Evidence

Topic C: Analytical Approaches and Process Mapping

Analytics and Process Mapping
Flowcharts
Narratives
Block Diagrams
Spaghetti Maps
RACI Charts

Topic D: Analytical Review Techniques

Analytical Review Techniques
Selecting Analytical Procedures
Analytical Techniques
Reasonableness Tests
Variance Analysis
Trend Analysis
Ratio Analysis
Regression Analysis
Cause-and-Effect Diagrams
Pareto Analysis

Topic E: Prepare Workpapers and Documentation

Workpapers and Documentation
Preparing Workpapers
Necessary Workpaper Contents
Workpaper Policies
Standards of Style and Order
Workpaper Format
Media
Control of Workpapers

Topic F: Engagement Conclusions

Engagement Conclusions with Risk and Control Assessment
Control Adequacy and Effectiveness
Results
Observations
Findings
Conclusions
Recommendations
Chapter 3: Engagement Supervision
Topic A: Engagement Supervision Key Activities
Supervising Engagements
Coordinating Work
Reviewing Workpapers
Performance Appraisals
Audit Performance Quality Evidence
Post-Audit Review
Annual Review
Face-to-Face Meeting

Section IV: Communicating Engagement Results

and Monitoring Progress
Chapter 1: Communicating Results and Acceptance of
Risk
Topic A: Preliminary Results Communication with Client
Preliminary Client Communications

Topic B: Communication Elements and Quality

Communication Elements
Report Eléments
Communication Quality

Topic C: Interim Reporting

Preparing Interim Reporting

Topic D: Recommendations to Enhance and Protect Value

Forming Value Recommendations
What’s in a Recommendation?

Topic E: Engagement Communication and Reporting Process

Engagement Communication and Reporting Process
Developing the Audit Report( draftinf reviewing approving distributing)
Holding the Exit Conference
Management’s Response

Topic F: CAE’s Assessment of Residual Risk

CAE’s Responsibility for Assessing Residual Risk

Topic G: Communicating Risk Acceptance

Risk Acceptance Communication Process

Chapter 2 monitoring progress

Topic A: Outcomes and Action Plans
Outcomes and Management Action Plans

Topic B: Monitoring and Follow-up

Monitoring and Follow-Up