Internal Audit Emerging Risks for 2021 and Beyond – Part 4

Field: Auditing | Delivery Method: Self Study | CPE Hours: 1.5

This session is part four in our series on Internal Audit Focus and Emerging Risks for 2021 and Beyond. The world has changed. 2020 was an unprecedented year for all professions. Internal auditors were faced with a tremendous impact to their audit plans causing refocus and realignment of not just projects but resources. As a profession, internal auditors have traditionally focused on past events or as some would say, taking the “look in the rear view mirror. Most financial or accounting professionals can look at previous year data and tell management where past mistakes were made.

With the evolving landscape, risks and economy that have been spurred on by the pandemic of 2021, internal auditors must look to stretch their skills to areas that are most valued by their organizations. Today's insight may well be tomorrow's hindsight.
Part one of the series evaluated three core categories that impact the “Hot Topic” areas for internal auditors to focus on in the future. These included:
  • Heightened Focus on Organizational Resilience
  • Elevated Macro Environment Uncertainty
  • Humanization vs. Dehumanization of the Workforce

After reviewing these areas, we will then link them to “Hot Spot” topics as identified by the Gartner group that internal audit should be attuned to in 2021 and years forward. In session one we delved into the topics of IT Governance and Data Governance.

Within Part Two of the series, we examined:
  • Cyber Vulnerabilities
  • Business Continuity Disaster Recovery
  • Talent Resilience
  • Corporate Social Responsibility
Within Part Three of the series, we examined:
  • Third-Party management
  • Supply Chain management
  • Data and Analytics

Our lesson objective for this session which is part four in the series include:
Risk Management and Culture
  • Examine risk management and culture and evaluate methods internal audit can use to evaluate their organizational processes.
  • Examine workforce management and workplace audit concepts and evaluate methods internal audit can use to evaluate their organizational processes.
  • Examine corporate financial management concepts and evaluate methods internal audit can use to evaluate their organizational processes.


Field: Auditing
CPE: 1.5
Delivery Method: Self-Study
Format:
Video


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/


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