Focus & Features:

As businesses focus more on core competencies, more and more companies have turned to outsourcing non-core functions to drive down operational costs. With the benefits of outsourcing comes the risks of lesser process control and the challenges of governance. The course is intended to provide a basic understanding of outsourcing trends and risks. It also aims to provide a general controls framework for approaching third party and governance organization audits including audit tools and techniques. It also includes a discussion of special considerations for commonly outsourced functions and activities. The course is targeted towards both auditors and non-auditors with third party governance responsibilities. The methodologies include a combination of lectures, case studies and group discussions to provide a comprehensive learning process.

What You Will Learn

The program will enable participants to learn and/or apply the following:

Background & Evolution of Outsourcing

  • Key Definitions
  • Outsourcing Impact on Controls
  • Outsourcing as Part of the Audit Plan
  • IIA Practice Guides on Outsourcing
  • Outsourcing Risks & Challenges
  • Building Vendor Relationships
  • Outsourcing Agreement Steps

Internal Audit Value to Outsourcing

  • Outsource Audit Process
  • Internal Audit Value Add & Insight Delivery to Outsourcing

Enterprise Outsourcing and Business Risk Assessment

  • COSO Enterprise Risk Management Model
  • Strategy Risk
  • Feasibility Risk
  • Financial Risk
  • Transactional Risk
  • Transition Risk
  • Optimization & Transformation Risk
  • Termination & Renegotiation Risk

Offshoring Risk Factors

  • Special Considerations for Offshoring Agreements

Assurance Reliance on Others

  • Assurance Provider Experience Evaluation
  • Principles in Determining Reliance
  • Determining Reliance in the Audit Process

Risk Identification Process

  • Outsourcing Implementation & Controls
  • Advantages & Disadvantages of Outsourcing
  • Outsourcing Decision-Making Considerations
  • Risk Identification Best Practices

Outsourcing Contracts

  • Areas Requiring Due Diligence
  • Contract Creation
  • Right to Audit Clause

Establishing Controls

  • IIA Practice Guide: Auditing External Business Relationships
  • Business Risks of EBRs
  • Dealing with Fraud

The Audit Process

  • The Outsource Audit Process
  • The Audit Team

Special Topics

  • Emerging Issues
  • Outsourcing Trends
  • Case Studies of Successful Outsourcing
  • Sample Audit Program
  • Special Considerations for Different Types of Outsourcing Relationships


St. Giles Hotel, Makati Avenue corner Kalayaan Avenue Makati City Philippines
Makati Avenue corner Kalayaan Avenue
Makati City, Philippines

See route

Contact us

For additional event or venue information, please send an email to

Sponsors and Partners