The Institute of internal Auditors Philippines, Inc.

The Institute of Internal Auditors (IIA) Philippines is a professional organization dedicated to the advancement of the internal audit profession in the country. Our members, who work in internal auditing, risk management, governance, internal control, information technology audit, education and security, came from various industry or sectors in the Philippines and belong to a global network of almost 200,000+ professionals from more than 170 countries and territories sharing a common vision of a global profession of internal auditing.

The Institute of Internal Auditors Philippines Inc. (IIAP) was registered with SEC in 1982 and formerly known as The Institute of Internal Auditors, Inc. – Manila Chapter. It was founded on August 14, 1948 by Mr. Santiago F. Dela Cruz Sr. along with a small group of accountants actively engaged in the profession. Mr. Dela Cruz, who is considered to be the moving spirit of the association, is the same man who, two years earlier than IIAP, co-established the Philippine College of Commerce and Business Administration (PCCBA) which we now know as the University of the East.

The IIAP despite some struggles during its formative years was able to attain full-fledged stature as a professional association upon earning its “Institute” status from The Institute of Internal Auditors (IIA Global) in 1990. At the time, IIAP is 1 of the 6 (six) chapters in the Pacific Region (others were in Bombay, Tokyo, Sydney, Melbourne and Ceylon). On its 75th Anniversary Celebration and Global Business Meeting last 16-17 July 2016 at New York Hilton Midtown, the IIAP was acknowledged as the 3rd Chapter organized by the IIA Global since the latter’s founding in 1941 still then headquartered in New York City, USA

https://iia-p.org/

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Event Details

How to Assess Work Engagement Plan


Focus and Features

Internal auditors can still be productive and continue to learn despite of the COVID 19 pandemic. The times are difficult, but internal audit's potential contribution is enormous. With requirements for social distancing, e-learning is the next best option to capacitate internal auditors'competence.



Objectives:

At the end of the 3-hour session, participants will learn to:

  • Perform an adequate and effective assessment of Internal Audit's engagement planning process and engagement plans and
  • Document the assessment


What You Will Learn

Introduction

  • The IIA's Mandatory Guidance
  • Overview of Engagement Planning


Assessing the Engagement Planning Process

  • Preliminary Survey
  • Risk & Control Assessment
  • Engagement work program
  • Supervision


Assessing the Engagement Plan

  • Assessment of the business perspective
  • Assessment of the risk(s) for audit
  • Selection of the audit objective
  • Selection of the audit procedures


Documenting the assessment


Work Activity (Homework)


Summary and Conclusion




Remote Auditing: Adapting to the New Normal


Focus & Features


The COVID-19 crisis has compelled most organizations to adapt quickly to new ways of doing things, and extraordinary times require extraordinary leadership. Internal Auditors now faces the challenge on how we can deliver audit results as embodied in our annual audit plan.

With shelter-in-place orders and social distancing currently in effect, remote audits offer a way to protect your staff and your auditors while fulfilling your audit requirement.


Remote audits are a valid tool as part of a larger internal audit program, while they do not typically save time on the actual audit, they can save travel time and costs for an organization. They can also be more flexible with the committed audit team time (Auditor and Auditee).


The main objectives of this training are as follows:

  • Identify the considerations in conducting remote audit
  • Differentiate onsite (face to face audit) vs. remote audit
  • Understand how to plan, lead, conduct and properly document a remote audit
  • Understand the risks and potential pitfalls of remote audit
  • Determine the advantages and limitations of remote audit


Through team exercises, group discussions, case studies and lectures, attendees will gain a foundation of knowledge that will allow Internal Auditors to perform remote audits properly. A basic understanding of the roles of risks and internal controls will also be stressed, along with interpersonal and team-building skills.


What You Will Learn

I. Introduction to Remote Auditing


II. Key Considerations in Remote Audit

  • Feasibility
  • Risk Assessment
  • Use of information and communication technology


III. Planning Remote Audit Engagement

  • Scoping
  • Schedule
  • Audit Tools
  • Auditor's Competence and Skills
  • Remote audit vs. Onsite (Face to Face) audits


IV. Conducting Remote Audit

  • Document Review
  • Site Reconnaissance
  • Remote interviews
  • Working Paper review remotely with use of CAATS


V. Communicating Audit Results

  • Closing Meeting
  • Findings and Action Plan

VI. Lessons Learned: Advantages and Limitations of Remote Auditing


VII. Case Studies/ Exercises


VIII. Seminar Conclusion

  • Plan for Action

Speakers

Michael Cabatuando (ASPAC Privacy Compliance Head and Data Protection Officer at Johnson & Johnson)

Michael Cabatuando

ASPAC Privacy Compliance Head and Data Protection Officer at Johnson & Johnson

Mary Jane Rosales (Sr. Partner/Consultant at Domingo, Rosales and Associates, CPAs)

Mary Jane Rosales

Sr. Partner/Consultant at Domingo, Rosales and Associates, CPAs

Sponsors and Partners