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      Internal Audit, Fraud Risk Assessment & Risk Management Annual Plan in Los Angeles

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      March 26, 2020

      Thursday   8:30 AM - 4:30 PM (daily for 2 times)

      Los Angeles, California 90002

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      Internal Audit, Fraud Risk Assessment & Risk Management Annual Plan

      Internal Audit, Fraud Risk Assessment and Risk Management Annual Plan
      About this Event


      Performing a corporate wide Risk Assessment can seem like a daunting task for an organization. In reality, it can be done using a template and brainstorming with internal auditors, certified fraud examiners and business unit leaders throughout your organization. Understanding your Company's Risk Environment is key to having an effective Internal Audit organization, it helps to have significant experience in internal auditing and a mind for coming up with "what could go wrong" in any control environment. The corporate wide risk assessment can be performed to maximize the efficiency and effectiveness of any organization with a diligent template and process for performing the assessment. This seminar will equip you with a methodology that has been utilized in a robust internal audit department for a Billion dollar revenue Corporation.

      Learning Objectives:

      The methodology for a successful Corporate Wide Risk Assessment Process from the perspective of an Internal Audit Department
      Different types of Risk Assessment and processes and procedures to performing it effectively - For example a Fraud Risk Assessment, an Operational Risk Assessment and a Sarbanes Oxley Risk and Control Matrix.
      Examples of different templates.
      Who the key players are in these processes.
      How to brainstorm different Audit topics within your department and company.
      Real live experiential examples and a group Case Study that we'll perform in groups in class.
      Seminar Fee Includes:


      AM-PM Tea/Coffee

      Seminar Material

      USB with seminar presentation

      Hard copy of presentation

      Attendance Certificate

      $100 Gift Cert for next seminar

      Course Information:

      Participants are requested to bring a laptop with Minitab Version 17 software installed.

      Areas Covered:

      The key components of a Risk Assessment and Management Program.
      The template for a risk assessment and examples of typical projects that may come up in various departments. We will spend a significant amount of time going through examples in different areas of how the template works.
      Brainstorming your industry and the unique types of projects that can be worthwhile projects.
      The methodology for successful Risk Assessment process.
      The steps involved in the Risk Assessment process, including an extensive explanation of different templates to be utilized.
      Perform a mock Risk Assessment in a team environment.
      How to perform a fraud risk assessment.
      Perform a mock fraud risk assessment in a team environment.
      Continual refinement of audit projects throughout the Audit Year.
      Who will Benefit:

      All professionals who want to expand their knowledge in the Risk Assessment Process for Internal Audit Groups, Operational Processes and Sarbanes Oxley Risk Matrices, including CPAs (partners, managers and staff) responsible for evaluating these areas for their clients. Additionally:

      Internal Audit personnel involved in performing the annual Risk Assessment
      Internal Audit Management interested in performing a risk assessment
      Professionals responsible for performing risk assessment duties
      Risk/Compliance Officer any industry
      Topic background:

      With an increased awareness of the effectiveness of Internal Audit organizations and the ongoing cost to organizations, an entity wide risk assessment is imperative to all organizations to maximize the efficiency and effectiveness of an Audit Organization. Performing a corporate wide risk assessment is doable, and can provide internal audit and its organization a roadmap for the upcoming audit year and also provide peace of mind for having gone through the process and addressed the organizations top risks. The methodology has been utilized successfully in billion dollar industries, it is completed on an annual basis using templates that provide the mechanism for documenting the results of numerous meetings with Company Executives and all levels of Management conducted during the risk assessment process.

      Field of Study:

      Auditing: 16.5 CPE Credits

      Total CPE credits earned in this workshop: 16.5 CPE Credits

      Program Delivery Method: Group-Live

      Program Level: Intermediate

      Advance Preparation/Program Prerequisites: None


      DAY 01(8:30 AM - 4:30 PM)

      8:30 – 9:00 AM: Registration

      9:00 AM: Session Start Time

      Introduction and Objectives of the Course

      What are everyone’s expectations of the next two days

      Agenda of the Course

      Risk and Control Matrices

      Uses for the Risk Assessment Process

      Why it is so important to Organizations

      Main Outline of the Corporate Wide Risk Assessment Process from Internal Audit Perspective

      Timeline of the Process

      Template for a Corporate Wide Risk Assessment

      Examples of typical Projects that may come up and how to fill the template out

      Group Activity to Practice How to Come up with Risks and Controls within a Process

      In Depth Discussion on Template to use for Corporate Wide Risk Assessment

      How to Brainstorm different Projects within your organizations

      Group Discussion on How to Brainstorm different projects within your organization

      Who to include in these discussions

      How to initiate this process, what to focus on

      DAY 02(8:30 AM - 4:30 PM)

      The Methodology For a Successful Risk Assessment

      Who to involve, Roles and Responsibilities

      Templates involved in a Successful process

      Review of Previous Days Discussions Relevant to the Case Study.

      Comprehensive Case Study.

      Examples and Comprehensive Case Study.

      Fraud Risk Assessment (2 hrs.)

      ACFE Data on Fraud and How it can be utilized in the Process.

      The Template, the Different Columns and How to Fill Out.

      Examples and Discussion of How to brainstorm projects.

      Comprehensive Case Study.

      Examples and Comprehensive Case Study

      How to Refine the Risk Assessment and Ultimate Audit Plan throughout the year.


      Marna Steuart, CFE, CIDA, CPA


      Marna Steuart CIDA, CFE, CPA has been in the audit industry for over twenty years. Ms. Steuart began her career with a Big Four firm as an external auditor, then as an internal auditor in several different capacities within several different industries both on her own and as a Manager of Internal Audit Services at PriceWaterhouseCoopers. Ms. Steuart obtained her Certified Fraud Examiner license in 2007 and was the main fraud investigator for five years at a large utility company. She was responsible for performing and updating the fraud risk assessment on an annual basis and conducting over fifty internal fraud investigations during her time at this organization. Ms. Steuart has leveraged her employment within the Energy industry by working in the public sector as a Rate/Financial Analyst at the Colorado Public Utilities Commission (CPUC) and most recently took a Controller Position for a progressive Non-profit Company that provides Low Income Energy Assistance to this sector of the Community in Colorado. Marna is a native of Colorado and naturally loves the outdoors in both the winter, volunteering as a Nordic instructor for the National Sports Center for the Disabled (NSCD) and in the summer by climbing fourteeners and camping and fishing in what she refers to as "my awesome mountainous backyard called Colorado".

      Cost: $1,589

      Categories: Conferences & Tradeshows

      This event repeats daily for 2 times:

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