Audit, Risk, and Control - A Lesson on Reliance
Field: Auditing | Delivery Method: Self Study | CPE Hours: 1.0
Description
The focus on coordinating efforts among the Three Lines of Defense has been a regular point of conversation for the past several years. Based on the most recent update to the IIA Standards, we should consider combining our efforts in audit planning and audit committee reporting in order “to ensure proper coverage and minimize duplication of effort” (IIA Standard 2050). But how exactly can we do this? It’s not as simple as just claiming to rely on the work performed by other groups. The responsibility falls on our teams to review the quality of the work done by other assurance teams and then to hold then accountable for their work so that we can rely on them.
After completing this course, you will be able to:
- Identify candidates in the other Lines of Defense for reliance
- Perform a review of other assurance provider work
- Apply strategies real world best practices for working together as an assurance team
CPE Hours: 1.0
Field of Study: Auditing
Prerequisites: Basic knowledge of internal audit
Who Should Attend: This session is designed for all internal auditors
Advanced Preparation: None
Program Level: Basic
Delivery Method: Self Study
Format: Video
Your Instructor
Toby DeRoche is a bestselling business writer, highly credentialed governance professional, and entrepreneur. Toby has combined his background in English Literature, an MBA, and over 20 years of business experience by authoring more than 250 business thought leadership blogs for industry leaders across the U.S., Canada, and Europe, several of which have been featured in Forbes Business. He has also written 16 whitepapers and four books, including Agile Audit: Transformation and Beyond, Only Audit What Matters (an Amazon bestseller), Modernize Your Audit Department, and Not Yet: A Warming Tale About My Neighborhood, and he contributed two chapters to the 28th edition of ISACA's CISA Review Manual as an IT control subject matter expert.
Certifications:
- Certified Internal Auditor (CIA)
- Certified Information Systems Auditor (CISA)
- Certified in Cybersecurity (CC)
- Certified Agile Auditor Professional (cAAP)
- Certified Agile Auditor Professional - Scrum Master (cAAP-SM)
- Certified Fraud Examiner (CFE)
- Certified in Risk Management Assurance (CRMA)
- Certified in Control Self-Assessment (CCSA)
In 2019, he founded Insight CPE, a company focused on continuing education for audit, risk, and fraud professionals. Through this platform, he has delivered over 130 custom training programs and presentations, including the CyberControl System and the Certified Agile Audit Professional.
Today, Toby continues to write, consult, and coach, primarily working with organizations to enhance their governance and cybersecurity practices, combining strategic insight with practical solutions. Outside of work, Toby enjoys spending time with his wife and son, whether enjoying the outdoors or watching movies together.