Building and Maintaining a Strong Internal Audit Team (Text Based)

Field: Auditing | Delivery Method: Self Study | CPE Hours: 2.0

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Building and Maintaining a Strong Internal Audit Team


Note: This course is intended for individuals who are looking for ways to either enhance their internal audit function expertise or for those who may be beginning an internal audit function. Also, it may be beneficial for management who are looking for options in sourcing their internal audit function.

In today’s advanced and dynamic business culture, internal auditors possess a wide variety of technical backgrounds that extend from accounting, finance, operations, engineering, and legal. The nature of the organization, its business strategy and focus will dictate the specific skills and attributes that are most beneficial for the internal auditor in each organization. When internal audit efforts are focused on operational processes, organizations may find that individuals with operational or technical backgrounds are the most effective personnel. Organizations that focus on financial processes may require accounting or financial expertise for the audit team. Regardless of an individual auditor’s specific skill set, the concept of building an effective team is a critical element for building an effective internal audit organization. Having individual skilled professionals with strong technical abilities is important when determining staffing needs, but CAEs must not over- look the importance of creating a culture of teamwork. An atmosphere where each professional works to contribute to an overall goal for the organization can provide greater value than a group of highly skilled workers who do not understand the concept of working cohesively toward a goal. This course will cover the following concepts:
Lesson objectives
  • Identify what it takes to develop a team
  • Explore Internal Audit Team Structure s
  • Examine department Sourcing Methods
  • Identify resourcing to Address Significant Risks
  • Defining the Required Skill Set for Internal Auditors
  • Examine methods of using internal audit as a management training ground , outsourcing, co-sourcing, in-sourcing
  • Maintaining appropriate skill sets

Field: Auditing
CPE: 2.0
Delivery Method: Self Study
Format: Text




Your Instructor


Lynn Fountain
Lynn Fountain

Consultant, CPA, CGMA, CRMA, MBA, Past Chief Audit Executive

Business Consultant, Trainer, Author


Ms. Fountain has over 40 years of experience spanning public accounting, industry accounting and consulting. Sixteen years of that experience has been in the field of internal audit, risk managment and process improvement. She is well adept to assist your organization evaluate business strategy, perform risk assessments, establish a Sarbanes-Oxley process, synergizing internal audit processes or perform process improvement projects.


As a past corporate executive Lynn has a passion for working with professionals to enhance their processes and provide leading edge education. She has authored and delivered hundreds of training courses for accounting, finance and audit professionals. Her training is filled with not just theory but real world application.


Ms. Fountain has authored three technical publications:

-Leading the Internal Audit Function 

-Raise the Red Flag

-Ethics and the Internal Auditor's political dilemma


Lynn is a recognized leader in the internal audit profession as well as a recognized business professional.  


Ms. Fountain obtained her BSBA from Pittsburg State University and her MBA from Washburn University in Kansas. She has active, current CPA, CGMA, and CRMA credentials.


https://www.lynnfountain.net/


Course Curriculum


  Building and Maintaining a Strong Internal Audit Team
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Frequently Asked Questions


When does the course start and finish?
The course starts now and never ends! It is a completely self-paced online course - you decide when you start and when you finish.
How long do I have access to the course?
How does lifetime access sound? After enrolling, you have unlimited access to this course for as long as you like - across any and all devices you own.
What if I am unhappy with the course?
We would never want you to be unhappy! If you are unsatisfied with your purchase, contact us in the first 30 days and we will give you a full refund.

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