The three day RBIA seminar includes case studies to demonstrate to participants how the RBIA process works with any audit.

What You Will Learn:

• A practical approach to Enterprise Wide Risk Assessment
• Quantitatively defining and measuring audit value
• Selecting audit subjects to significantly increase audit value to key audit customers
• Dealing with critical audit issues over project or process re-engineering governance
• Applying fundamental control concepts in business systems and processes
• Assessing and measuring business risk to identify and eliminate over-control
• Identifying and appraising management control structures to minimize the time spent testing detailed controls
• Reducing audit management overheads by organizing in self-directed audit teams
• Applying fast and inexpensive audit tests to reduce audit cost and increase value
• Unleashing the creativity of audit staff through team dynamics

Who Should Attend:

• Audit Managers looking for ways to increase productivity and value
• Auditors who want to learn to work in teams
• General Auditors looking for new ideas and to further improve the image of their internal audit

Department Prerequisites: None

Day One Agenda:

AM: Provide understanding of a Governance, Management, Performance, and Assurance structure of an organization. Cover basics of Governance and executives’ role in risk management.

PM: Review a Management model to facilitate effective risk management. Discuss how to build controls at the Performance level and cut costs at the same time. (Same as Practical Governance and Risk Management Executive Overview Seminar)

Day Two Agenda:

AM: Understanding value and the business drivers. Why Cost cutting is so important to audit survival. Discuss differences between internal and external audit business models and how to identify the key audit drivers from a business perspective. Review how to identify and measure the specific components of audit value.

PM: Learn RBIA Team Organization Concepts - How to reduce management levels and audit department costs by reorganizing into teams. Discuss the differences between an Audit Executive and Audit Manager. Learn what your role is and how to measure your success on teams. Case Study begins.

Day Three Agenda:

AM: Understanding the difference between billable hours methodologies and RBIA’s fast, costreducing methodology. Setting up and measuring your success on teams.

PM: Case study continues. Applying Limits of Risk and Management Control Structure components. Learn how to form a hypothesis and RBIA’s stronger audit testing standards. Discuss Team administrative and interpersonal dynamics. Wrap up with questions and answers.

Bio of Instructor: Liz Meyers:
Prior to forming her company, Focus on Risk Enterprises, Liz was the chief auditor at Sysco Corporation, the nation's largest food distribution and Fortune 100 Company based in Houston, Texas. Liz implemented the RBIA methodology within SYSCO. Almost immediately, the operating company presidents and CFOs perceived the value of the internal audits begin to increase. By refocusing audits to identify key risks and determine with reasonable assurance whether those risks were mitigated or not, the internal audit department was being viewed as a knowledgeable and valued partner by their customers.

Liz is a CPA, and has an MBA from the University of Houston. Early in her career, she worked with Arthur Andersen, LLP and TME, Inc. Recently, the Association of Women in Computing recognized Liz's achievements with the Leadership in Technology Award in 2007. Liz is known for problem solving, motivation and leadership skills. She has had the opportunity to exercise these skills during her 12 years of management at SYSCO, including the positions of Chief Auditor and Sr. Director in Information Technology. Liz will work with you to bring the same results to your team!