Risk Based Internal Auditing Part 3 - Applying the Methodology
Field: Auditing | Delivery Method: Self Study | CPE Hours: 1.5
Many organizations tout that they perform risk based auditing. However, often their concept of the approach stops at defining the annual audit plan. In today’s ever changing and global economy, true risk based internal auditing must be a dynamic and iterative process that continually evaluates the risks to the achievement of the organization’s objectives and then applies that assessment to the individual audit procedures.
This session will build off of the first webinar on Risk Based Auditing – Establishing a methodology. We will delve into methods that take the methodology steps and apply them within individual audits. We will also further discuss the concepts of risk tolerance and risk appetite and the impact to those measurements when applied at the individual audit level.
Delivery Method: Self Study
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.