Transform your audit strategy by building dynamic audit universes and performing entity risk assessments to maximize efficiency and identify high-risk areas
Internal audit departments face constant pressure to deliver maximum value with limited resources, making strategic focus and efficiency essential. This course explores how to transform traditional, labor-intensive audit planning into a highly optimized, risk-driven process. It provides a comprehensive overview of developing, structuring, and maintaining an accurate audit universe that reflects the full scope of an organization's operations. Building upon this foundational mapping, the course delves into the mechanics of entity risk assessments, illustrating how to evaluate, score, and monitor risks across diverse business units and functions. By aligning the audit universe with dynamic risk environments, this overview demonstrates how audit teams can intelligently prioritize their efforts, allocate resources to high-impact areas, and execute a more agile, strategic, and effective audit plan.
Audit Smarter, not Harder - with Elizabeth and Audie the Internal Otteror!
Elizabeth McDowell, CPA, CIA has over 20 years of audit experience and is the founder of Audit Forward, an innovative internal audit consulting and training firm. Elizabeth is passionate about advancing and advocating for the internal audit profession and was recognized as one of the 2023 Internal Audit Beacons by Richard Chambers. Elizabeth makes auditing and training fun (no, really!) with the help of her mascot, Audie the Internal Otteror. Elizabeth’s most recent industry experience was at Achieve, where she was Sr. Director, Audit Strategy; prior to that, she held internal audit leadership roles at Elevations Credit Union, Fidelity Investments, and Xcel Energy after first starting her career at Ernst & Young.
