Practical Audit Skills

Attend these two linked courses led by world renowned expert Phil Griffiths and learn how to develop your audit skills to meet the challenges faced by the modern internal auditor

5 – 9 July 2009

JW Marriott Hotel, Dubai, UAE

Practical Audit Skills Part I

Modern Audit Challenges 5 – 7 July 2009 • Understand the skills required by an internal auditor • Analyse your skills and learn how to enhance them • Plan assignments effectively • Determine audit priorities using a world renowned model • Learn how to complete more audits on time • Develop better audit programmes • Improve working papers and your audit manual

Who Should Attend? • These courses are designed for auditors with more than 12 months experience in an audit role and will be particularly beneficial for those who have previously attended the Essentials Of Internal Audit seminar • They are also a must for: – Auditors responsible for planning and leading audit assignments – Internal auditors who have been or are about to be appointed to a senior auditor role – Any auditors responsible for managing people – Personnel in other assurance functions eg Compliance, Health and Safety, Environmental Audit who need to enhance their skills

Part II

Managing Audit Relationships 8 – 9 July 2009 • L earn how to exceed management’s expectations • Market your function more effectively • Improve relationships with those you audit by appreciating different management styles • Improve your listening skills • Learn how to make excellent presentations • Improve your confidence in meetings • Deliver greater added value



Your Expert Course Leader

Phil Griffiths Founder and Managing Director of Business Risk Management Ltd., UK

IIR Summer Series

Official Regional Recruitment Partner

Organised by

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Building Organisational Capability Through Practical Audit Skills Career Development 5 – 9 July 2009 5 – 9 July 2009 JW Marriott Hotel, UAE And Succession Planning JW Marriott Hotel, Dubai, Dubai, UAE

Dear Internal Audit Practitioner, Internal audit in the GCC has become sophisticated and complex with the challenges of meeting world-class standards and the risks of exposure to prosecution becoming prevalent in the region. Practitioners now have to expand their role as facilitators and advisors whilst at the same time demonstrating that they are adding measurable added value. Undertaking an audit assignment therefore has become a much more demanding role. Involvement in investigations and the opportunity to provide internal consultancy demonstrates the wide variety and dimension of the profession. Recognising the additional challenges posed, we have specifically designed this two-part course to help auditors enhance their skills to be able to take on these new challenges.

Meet Your Expert Course Leader Phil Griffiths is founder and Managing Director of Business Risk Management Ltd. A Chartered Accountant, he has over 25 years’ experience in risk management, internal audit and fraud prevention as practitioner, professional adviser, facilitator and trainer. He has held top management positions with a number of international Groups, in roles embracing finance, IT and general management. His specialisms are:

Phil Griffiths, a renowned guru in the Internal Audit field, will facilitate both segments of this course. Phil has extensive experience throughout the Gulf region and will ensure that you benefit from his wide experience and knowledge.

• A  ssisting Senior Management to identify, manage and then exploit the risks within their business via facilitated Business Risk management programmes • Helping Internal Audit functions to implement world class standards • Developing fraud prevention, detection and investigation programmes tailored specifically to client’s requirements • Training both private and public sector organisations in all the above disciplines.

This two-part course, including Modern Audit Challenges and Managing Audit Relationships, gives you the opportunity to attend only one of the two segments specific to your needs or to attend all five days for a complete practical audit understanding!

Phil is recognised as an accomplished and charismatic facilitator, trainer and lecturer having advised many renowned organisations, coordinated top-level events and addressed national and international conferences on a wide range of critical business topics.

Strong communication skills are particularly essential in this highly challenging environment, whether with your team, or negotiating your ideas with management or following up actions agreed.

The workshops feature a series of case studies and practical exercises covering all aspects of the modern audit role: • • • • • • • •

What it means to be an effective Auditor How to plan and complete a successful effective audit How to audit the things that really matter How to decide the most appropriate methods of testing How to determine the level of testing required How to communicate effectively with your team How to deal effectively with management H  ow to persuade management to accept your recommendations

Phil and I look forward to welcoming you to this exciting event. Yours sincerely,

Keith Parker Conference Manager P.S. Newly updated course agenda and format to cater to our new challenges!

He has worked extensively with all sectors in the Gulf during the past ten years to enable such organisations to exploit their potential by managing their strategic risks and/or enhancing the effectiveness of their internal audit services. He is a renowned author and writer – his latest book ‘Risk Based Auditing’ was published in 2006.

Upcoming Relevant Events BC2985

Risk Based Auditing 10 – 14 May 2009 JW Marriott Hotel www.iirme.com/rba

BC3024

IFRS 7 – 11 June 2009 Arjaan Rotana Hotel www.iirme.com/IFRS1

P.P.S. Register early for fantastic early-bird savings!

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Part I Modern Audit Challenges

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 at close of day at 14:30.

Sunday, 5 July 2009

Day Two

Monday, 6 July 2009

The Modern Auditor Role

Planning The Audit Assignment

• Worldwide trends in the profession • The role of the internal audit function – The policing role – The risk assessor role – The consulting role • Can all three roles be provided? • What should the balance between the roles be? • How much time should be given to each? • H  ow can a better understanding of the role be gained? • How can the profile be enhanced?

• • • • •

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Exercise 1– The role of the auditor in 2009 and beyond

• The multi-faceted role of the auditor • Qualities required by a successful auditor – Negotiating – Planning – Questioning – Listening – Establishing rapport – Investigative skills – Building trust – People management • Leadership styles • Delegation and tips for success

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Exercise 2 – Performing a self-analysis

• T he different requirements and challenges of auditing in major sectors in the Gulf region • Results of October 2008 Survey of Chief Executives • Why Internal Audit needs to take the pulse of the organisation • What is best practice?

 • • • •

Exercise 3 – The key audit challenges

Preliminary planning The importance of planning Constraints to effective planning Pre-meeting with management

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Exercise 4 – Building success An exercise in negotiation

Strategic audit planning Determining audit’s priorities Determining the audit universe Building risk-based audit plans Tapping into risk assessments carried out by management • Determining the level of assurance required • Getting management input

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Exercise 5 – Audit planning using a proven model – An electronic version will be given to all delegates

• The key issues in assignment planning Discussion – the main challenges in assignment planning • • • •

The need to apply project planning techniques Developing a planning memo for the assignment Determining an effective time budget Strategies for improving time management

 Exercise 6 – How to complete more audits on time • • • • • •

Determining sources of information Getting management input Deciding on the audit team Allocating the roles Team work and the challenges faced How to hold an effective team meeting to plan the assignment • Getting the most out of the team  Exercise 7 – Team work • • • • •

The link between control, risk and objectives Deciding who you will need to interview Determining the audit objectives Risk based planning Determining the objectives of the function to be audited • How to deal with your audit customers

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Exercise 8 – Planning a difficult assignment

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Day One

5 – 7 July 2009

Phil delivered very heavy material in a very light way. Abdulmajeed Abdulkarim, Financial Controller National Oil & Gas Authority, Bahrain

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Building Organisational Capability Through

Day Three

II CareerPart Development Managing Audit Relationships And Succession Planning 8 – 9 July 2009

Tuesday, 7 July 2009

Managing The Audit • Building an understanding of the audit process • Establishing audit objectives • The audit manual Discussion – How to improve the audit manual • Developing effective audit programmes – What makes a good programme? – Mistakes to avoid – The dangers of re-inventing the wheel – Assigning tasks – Staffing factors – The need for regular updates for standard programmes  Exercise 9 – Audit programme development • Supervising and controlling audits – tips for success • Fieldwork techniques – Types of fieldwork – How to decide what techniques to use – How to decide the depth of testing required – Problem solving • Use of computer assisted audit techniques • Working paper review – The need to motivate, not criticise, staff – The need for peer review during the audit – How to ensure all areas are covered – Identification of key review points – How to write value-added review notes – Tips for electronic working papers – Quality control mechanisms  Exercise 10 – Working papers • Consultancy assignments – The difference in approach – How to document these assignments – Audit by workshop – Facilitation – do’s and dont’s  Exercise 11 – Pipelinex – Consultancy case study • Investigations – the major differences between standard audits • Appraising auditor performance – Use of metrics – Productivity tools – Tips to improve efficiency  Exercise 12 – Performance measures

‘‘

‘‘

It was excellent experience which exceeded my expectations. Phil Griffiths is amazing when discussing modern challenges.

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 at close of day at 14:30.

Day One

Wednesday, 8 July 2009

Relationships With Management • T he need to meet and hopefully exceed management expectations • How to deal with the audit-phobe (those who dislike audit) • The need to focus on benefits rather than problems • Marketing • Explaining the audit approach to staff of the function being audited • Example presentation for your use • Marketing yourselves • Internal Audit at your service  Exercise 1 – Marketing the function • Expressing yourself effectively • The need to have a positive relationship with management • The need to drive action • How to add value to your business • Creating rapport with your customers – tips and techniques • Management styles • Personal drivers



• • • • • • •

Convincing management Language and impact The need for simplicity in persuading others How to get on the same wavelength as your customer The techniques for getting action Meetings and how to manage them – the 5 P’s Active listening

 • • • •

Exercise 2 – Management styles - Working in small groups, you are asked to determine and compare individual management styles and personal drivers

Exercise 3 – Listening and recall

Exit meetings – the lead auditor role Tips for successful exit meetings Wrapping up the audit Follow-up



Exercise 4 – Exit meeting discussion

Ghada Aref Elias, Internal Auditor/Manager Commercial Bank of Dubai, UAE

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Practical Audit Skills

”

5 – 9 July 2009 JW Marriott Hotel Dubai, UAE

An informative and very useful course. Mansour Al-Qarni Internal Auditor Ibn Rushd Co., KSA

”

Dubai Summer Series Dubai’s rich historic tapestry is evident across the Emirate, providing tantalising glimpses of an ornate past. Venture to the desert and let the shifting sands set the scene for bygone Bedouin life, where

Day Two

sheesha smoking under the stars provides the perfect antidote to the

Thursday, 9 July 2009

activity of the city. The United Arab Emirates is something of an enigma. Selling itself on superlatives, the biggest, best, highest and tallest are all infinitely impressive. But scratch below the surface and be captivated by a breathtaking natural beauty that belies the blurb.

Presentation Skills

 Exercise 5 – You will prepare and deliver a two minute presentation on a subject of your choosing

• Discussion of presentations and impact • Determining the audience and preparing an appropriate approach • The need for impact • Deciding the form of presentation • Use of visual aids • How many notes should you use? • Use of humour – is this a good idea? • Education or decision seeking – the different techniques • How to deliver a successful presentation – How to combat nerves – Keeping in control – How to deal with questions – Keeping the flow – Don’t over-prepare – Use of simple language – How to keep the audience’s interest – Use of props – Anticipating the questions – Considering what the audience will expect – Assessing the results – Getting feedback

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Exercise 6 – You will work in pairs and prepare a five minute presentation on a current business issue then present this while being video-taped

• • • •

Evaluation and feedback from the group Learning points discussed Development of personal action plans Course summary

Whether it’s diving with dolphins or treading water with turtles, you’re sure to be enticed by the tantalising azure hues of the Gulf. So, why not mix business with pleasure and extend the frivolities to your family? As the city simmers, Dubai Summer Surprises (DSS) presents its annual playground for adults and children alike, with an array of entertainment to capture and enrapture the imagination. Each week from June to August, shopping malls will be transformed into entertainment centres, providing an assortment of fun based activities, shows and leisure pursuits. This summer, put the feeling back into your business dealings and treat your nearest and dearest to a divine discounted stay, which will keep those credit-crunch blues at bay!

Would You Like To Run This Course Exclusively Within Your Organisation?

IIR’s Customised Training Solutions is the in-house training division of IIR Middle East.

FLEXIBILITY Have the flexibility to modify the course content, length of training and where and when it will take place CUSTOMISED PROGRAMMES Programmes tailored to meet your departmental objectives that reflect your organisation’s vision SAVINGS Reduced expenditure – no staff hotel or travel costs and a saving on valuable employee time EXPERIENCE Benefit from expert opinion and advice from our professional team regarded as the industry leaders within the Middle East ACHIEVEMENT IIR certificates awarded to attendees. Access to exclusive certified courses in the region Our Customised Training Solutions team are veterans of in-house training with a portfolio of specialists unrivalled anywhere in the Middle East! To design your training projects with significant business impact, please contact Leigh Kendall on: +971-4-335 2439 or email our team at [email protected]

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Practical Audit Skills

IIR Middle East certi-

5 – 9 July 2009 • JW Marriott Hotel, Dubai, UAE SIGNIFICANT SAVINGS!!! For further information on current promotions and Group Discounts please contact Raveena: +971-4-335 2483 [email protected]

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Interested in running this course in-house? Please call the Customised Training Solutions Team on 971-4-3352439 or [email protected]

BC3074 Early Bird Discounts Dates

Price before 26 April 2009

Price between 26 April and 17 May 2009

Price after 17 May 2009

Book for the entire event

5 – 9 July 2009

US$ 4,250 (Save US$ 2,140)

US$ 4,550 (Save US$ 1,840)

US$ 4,750 (Save US$ 1,640)

Part I: Modern Audit Challenges (3 Days)

5 – 7 July 2009

US$ 3,195 (Save US$ 300)

US$ 3,395 (Save US$ 100)

US$ 3,495

Part II: Managing Audit Relationahips (2 Days)

8 – 9 July 2009

US$ 2,695 (Save US$ 200)

US$ 2,795 (Save US$ 100)

US$ 2,895

Course fees include documentation, luncheon and refreshments. Delegates who attend all sessions will receive a Certificate of Attendance.

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Payments A confirmation letter and invoice will be sent upon receipt of your registration. Please note that full payment must be received prior to the event. Only those delegates whose fees have been paid in full will be admitted to the event. You can pay by company cheques or bankers draft in Dirhams or US$. Please note that all US$ cheques and drafts should be drawn on a New York bank and an extra amount of US$ 6 per payment should be added to cover bank clearing charges. Card Payment

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Cancellation If you are unable to attend, a substitute delegate will be welcome in your place. If this is not suitable, a US$ 200 service charge will be payable. Registrations cancelled less than seven days before the event must be paid in full. Avoid Visa Delays - Book Now Delegates requiring visas should contact the hotel they wish to stay at directly, as soon as possible. Visas for non-GCC nationals may take several weeks to process. Due to unforeseen circumstances, the programme may change and IIR reserves the right to alter the venue and/or speakers.

Event Venue: JW Marriott Hotel, Dubai, UAE Tel: +971-4-2624444 Accommodation Details We highly recommend you secure your room reservation at the earliest to avoid last minute inconvenience. You can contact the IIR Hospitality Desk for assistance on: Tel: +971-4-4072693 Fax: +971-4-4072517 Email: [email protected]

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