Boost your productivity by

mastering innovative audit!

Course One Course Two

Innovative Advanced
Audit Audit
Reporting Skills
9 – 10 August 2009 11 – 13 August 2009

9 – 13 August 2009 • Dusit Thani Hotel, Dubai, UAE

Attend This Best Practice Course To: Attend This Advanced Course To:
• Discover 100 ways to improve your reports • Improve audit performance, success and
• Enhance the impact of your reports reputation by adopting the most up to date
significantly audit techniques
• Make your reports easier to write, easier • Market the internal audit service effectively
to review and easier for management to
implement • Adopt proven methods to automate the
audit process
• Improve the acceptance and
implementation of your recommendations • Enhance your coverage by auditing more
with proven techniques challenging and interesting areas of the
business
Who Should Attend?
• Add measurable value to your organisation
Audit professionals seeking fresh perspectives and
advanced techniques in Middle East audit reporting by delivering world class audit services
including, but not limited to:
• Heads of Audit Department • Enable your organisation to combat the risk
• Auditing Directors • Internal Auditors of fraud
• Auditing Managers • Auditors
• Financial Managers

IIR SUMMER SERIES

Organised by Official Regional Recruitment Partner

IIR
R SUMM
SUMMER
SUM
U SERIES www.iirme.com/audit

Dear Audit Professional,
As a progressive audit practitioner who strives for
consistent growth, your vision is world-class and you
realise that long term survival in today’s competitive
marketplace means delivering impeccable products
and services.
That is why we are confident that you will benefit
overwhelmingly from these two highly interactive,
value-adding IIR courses taking place in Dubai this
summer from 9 – 13 August 2009.
Global and regional auditing standards alike
are developing at a phenomenal rate, with ever
increasing improvements in their clarity and structure.
Through a revolutionary, practical approach, your
renowned course director Phil Griffiths will help you
drive a broader value proposition.
Simplicity is the key to masterminding the world of
audit and this course will dispel the myths, enabling
an entirely fresh approach to executing traditional
auditing functions.
Open the door to a new realm of opportunities by
registering today for IIR’s Innovative Audit Reporting
and Advanced Audit Skills.
Register on the phone, by email, online or by fax.
See the back page of this brochure for more details,
including information on our significant early bird
discounts!
Phil and I look forward to seeing you in August.
Best Regards,
Keith Parker
Conference Manager
IIR Middle East
P.S. You are asked to bring along two or three recent
audit reports. These are solely for your own reference.
P.P.S. You will receive an electronic version of a best
practice audit manual.
IIR SUMMER SERIES
The United Arab Emirates is something of an enigma.
Selling itself on superlatives, the biggest, best, highest
and tallest are all infinitely impressive. But scratch below
the surface and be captivated by a breathtaking
natural beauty that belies the blurb.
Whether it’s diving with dolphins or treading water with
turtles, you’re sure to be enticed by the tantalising azure
hues of the Gulf. So, why not mix business with pleasure
and extend the frivolities to your family?
As the city simmers, Dubai Summer Surprises (DSS)
presents its annual playground for adults and children
alike, with an array of entertainment to capture and
enrapture the imagination.
Each week from June to August, shopping malls will be
transformed into entertainment centres, providing an
assortment of fun based activities, shows and leisure
pursuits. This summer, put the feeling back into your
business dealings and treat your nearest and dearest to
a divine discounted stay, which will keep those credit-
crunch blues at bay!
971-4-3352437 971-4-3352438
Meet Your Expert Course Director:
Phil Griffiths FCA, AIIA is Founder and
Managing Director of Business Risk
Management Ltd.A Chartered Accountant,
he has over 25 years’ experience in internal
audit, risk management and fraud prevention
as practitioner, professional adviser, consultant
and trainer. He has held top management
positions with a number of international groups,
in roles embracing finance, internal audit, risk management, IT
and general management.
His areas of expertise include:
• Assisting senior management to identify, manage and then
exploit the risks within their business via facilitated business risk
management programmes
• Helping internal audit functions to implement world class
standards
• Benchmarking internal audit and risk management – the BRM
Ltd. database has information from over 2000 organisations
across the world
• Fraud prevention, detection and investigation programmes
tailored specifically to clients requirements
• Training both private and public sector organisations in all the
above disciplines
Phil is recognised as an accomplished and charismatic
facilitator, trainer and lecturer having advised many renowned
organisations, coordinated top-level events and addressed
national and international conferences on a wide range of
critical business topics.
He has published research into many aspects of the audit and
risk management challenges faced by organisations, the latest
being his new book ‘Risk Based Auditing’.
He has worked extensively with all sectors in the Gulf during
the past 13 years to enable such organisations to exploit their
potential by managing their strategic risks and/or enhancing the
effectiveness of their internal audit service.
Would You Like To Run This Course Exclusively
Within Your Organisation?
IIR’s Customised Training Solutions is the in-house training
division of IIR Middle East.
FLEXIBILITY
Have the flexibility to modify the course content, length of
training and where and when it will take place
CUSTOMISED PROGRAMMES
Programmes tailored to meet your departmental objectives
that reflect your organisation’s vision
SAVINGS
Reduced expenditure – no staff hotel or travel costs and a
saving on valuable employee time
EXPERIENCE
Benefit from expert opinion and advice from our professional team
regarded as the industry leaders within the Middle East
ACHIEVEMENT
IIR certificates awarded to attendees. Access to exclusive
certified courses in the region
Our Customised Training Solutions team are veterans of in-house
training with a portfolio of specialists unrivalled anywhere in the
Middle East! To design your training projects with significant business
impact, please contact Leigh Kendall on: +971-4-335 2439 or email
our team at cts@iirme.com
www.iirme.com/cts
register@iirme.com www.iirme.com/audit
 Course Methodology

Both courses will be highly practical and interactive with exercises and case studies to enhance your understanding of the
key issues including how to :

• Deal with the common problems of audit reports which
often:
- Have too many pages and unnecessarily long
explanations
- Take too long to issue and finalise
- Have impractical recommendations
- Do not get commitment by management
• Critically assess your own reports
• Create a best practice report
• Set your own key performance indicators
• Assess your reputation
• Create risk based audit plans
• Automate the audit process
• Enhance the level of assurance you can give without the
need to increase the time on each audit
• Understand the corporate governance challenges
• Combat the risk of fraud
• Audit the reputation of your organisation

Course Timings: Registration will commence at 08:00 on Day One of each course. The courses will begin at 08:30 each day.
There will be two breaks for refreshments at around 10:30 and 12:30. Lunch will follow close of day at 14:30.

Innovative Audit Reporting

Course One: 9 – 10 August 2009

Course Outline

Internal audit reports and the reporting process should be constructive, creative and provoke change. In this
age of innovation and challenge, conventional audit reports and reporting procedures may fail to arouse
interest, stimulate action, or do justice to the audit performed.

Answer these 20 questions about internal audit reports issued during the last 12 months as truthfully and
objectively as you can.

1. Have more than 95% of audit recommendations
during the last year been fully and successfully
implemented?
2. Did your reports correlate with your organisation’s
strategic and business objectives? Do your
audit recommendations specifically assist in their
achievement?
3. Were all of your reports less than six pages?
4. If you were the recipient would they have spurred
you into immediate action?
5. Did all the reports take less than two weeks to
finalise?
6. Were all of your findings or recommendations
different from the last time an audit of the same
area was carried out?
7. Was the cost of completing the audit shown on
the face of the report?
8. Did the reports include photographs and
graphics?
9. Were they issued electronically?
10. Were there any surprises?
11. Did the reports focus on the future rather than the
past?
12. Did the management comments indicate real
commitment rather than simply a way for the
client to close the audit process and get on to
something else?
13. Was the audit opinion a true reflection of the
overall conclusions? Did the key recipient accept
this audit opinion as valid?
14. Did the findings, conclusions and
recommendations really represent the key issues?
15. Did you only report on the major issues found
during the audit with the minor issues being dealt
with separately?
16. Were all the recommendations 100% practicable?
17. Were all the audits conducted fully recognised
by the organisation as helpful and relating to key
business risks or opportunities?
18. Were the reports a true reflection of the expertise,
knowledge and professionalism that went into the
audits?
19. Have you changed the report format significantly
within the past two years?
20. Do you believe that your reports are as good as
they could be?
If you cannot answer ‘Yes’ to more than 15 of the
questions it is unlikely that your audit reports will meet
the needs of your organisation. If you scored 10 or less
you are probably being more objective than those
who scored themselves 15 or more. (And you will
represent very much the normal organisation as far as
audit reports go!)

971-4-3352437 971-4-3352438 register@iirme.com www.iirme.com/audit

Day One: Sunday, 9 August 2009
Audit Reporting And Impact
Audit Reports – Your Shop Window
• Challenges of audit reporting
• Who are the reports really for?
• How do you know a good report when you see one?
• What management expects – recent survey of chief
executives
• Professional standards
• The need for reports with impact
Exercise 1: Characteristics Of A Successful Report
The Problems With Audit Reports
• The 20 questions – how did you score?
• What are the factors impacting achievement of these best
practice measures?
• Tips, techniques and ideas to help you score 20 out of 20
Exercise 2: 20 More Best Practice Questions
• Discussion of the implications
• Advice and guidance to help you achieve best practice
• Explanation of a proven method to evaluate your own
reports
Exercise 3: Analysis Of Two Actual Reports
• Feedback and discussion
Exercise 4: Assessment And Evaluation Of Your Own Reports
• Self evaluation against the model provided (you are asked
to bring along two or three recent reports – for your own
use)
• Key challenges and their implications
Best Practice Internal Audit Reports – The Way Forward
• Key requirements of the audit report of the future
• How to draft a report with impact
• Highlighting the issues that matter
• The psychological problem with reports
• Why audit reports are taken as a criticism of management
• How to get recipients to react positively
• How to write balanced reports
• Format and structure
• Wording and layout
• How to get 95% of your recommendations actioned
Exercise 5: Role-Play – Meeting With Senior Management To
Discuss The Key Issues
Day Two: Monday, 10 August 2009
Implementing Best Practice Audit Reports
The Executive Summary
• The messages you want the board to hear
• How to ensure no overreaction
• Including positive comments
• How to keep it short and focused
971-4-3352437 971-4-3352438
Exercise 6: The Executive Summary
The Main Report
• Audit objectives
• Scope
• Forming and expressing the audit opinion
• Benefits and deliverables
• Conclusions
• The power of senior management comments
• Words and phrases to avoid
• Best practice format
• Reducing the number of words
• The power of pictures and graphics
• The need to relate the issues to objectives and risk
• Recommendations and actions
• Management comments
• Action plans
• Dissemination of a best practice report template
Exercise 7: Redrafting The Objectives, Scope And Audit
Opinion
Presenting And Distributing Reports And Measuring Success
• Distribution lists
• Presenting or issuing reports (including use of e-mail and
the intranet)
• Alternative methods of reporting e.g. PowerPoint
presentations
• 20 steps to success
• Follow up audits – using the action plan
• How to get management to take responsibility for chasing
actions
• Determining your reporting Key Performance Indicators
(KPIs)
Exercise 8: Reporting KPIs
Writing A Report In The Best Practice Format
Interactive Exercise: Taking a long report of your own –
Is this the right course for you?
ideally one with more than 15 pages – and turning it into the
six page best practice format. A report should be brought
along for the purpose. *5
*4 Risk Based
Auditing
*3 Innovative Audit Reporting
and Advanced Audit Skills
*2 Lead Auditor – for auditors with
12-18 months experience or auditors
responsible for supervising teams
*1 Essentials of Internal Audit – for newcomers to the
audit role – those who are about to be appointed to
the role
5. Heads of audit forum – solely for heads of internal audit or
those who have been appointed to an HOA role
4. Primarily for audit managers and senior auditors with more than
two years experience
3. Designed primarily for senior auditors with 18+ months
experience
2. Suitable for those personnel in other assurance functions
including compliance and health safety and environmental
auditors who need to build their leadership skills
1. Also suitable for managers and staff from other functions who
need to build an understanding of the internal audit role
register@iirme.com www.iirme.com/audit
Course Timings: Registration will commence at 08:00 on Day One of each course. The courses will begin at 08:30 each day.
There will be two breaks for refreshments at around 10:30 and 12:30. Lunch will follow close of day at 14:30.

Advanced Audit Skills Course Two: 11-13 August 2009

Fraud And The Internal Audit Role

Day One: Tuesday, 11 August 2009 • Fraud explained: definitions and nuances
• Who commits fraud?
Planning And Automation • Trends and statistics regarding detected fraud
• Why fraud is probably being perpetrated now in your
The Internal Audit Role organisation
• Audit’s primary roles, objectives and concerns • Fraud case histories and the lessons to be learned
• What is best practice? – sharing results of recent
benchmarking surveys Exercise 16: Typical Fraud Scenario
• The role of the function – policeman, risk assessor or
consultant? • Fraud indicators
• The reputation of the function and how to assess it • Spotting the danger signs
• Key performance indicators • Auditors fraud toolkit
• Proactive fraud detection
Exercise 9: Assessing The Reputation Of Your Function • Anti-fraud policies
• Use of data mining
Audit Planning • Fraud profiling – how to target the right systems
• Determining the level of assurance required • How to get the information you need
• Identifying the audit universe
• Strategic audit planning Exercise 17: Identifying The Fraud Risks
• Best practice audit risk planning model (an electronic
version will be provided)
Exercise 10: Strategic Audit Planning Using The Model
Day Three: Thursday,13 August 2009
The New Challenges For Internal Audit
• Sources of work
• Managing audit requests Risk Based Assurance
• Audit programme development
• Assignment planning and control • Why is corporate governance so important?
• Fieldwork techniques • The enhanced role of stakeholders
• Risk based audit
Exercise 11: Fieldwork Techniques • The need to translate the key risks into the basis of the IA
programme
• How to cover specialist areas • The options for internal audit involvement in risk evaluation
• Controlling risk-self assessment
Audit Automation • The need to coordinate the various assurance providers
• Computer assisted audit techniques • How to focus your audit attention
• Covering the whole population of data rather than just a
sample Exercise 18: Major Risks In Your Organisation
• Benfords Law and its importance
• Options available Audit Manual
• Job descriptions
Demonstration of ACL – the market leading audit software • Audit methodology
solution • Annual and quarterly audit plan
• Time recording
Marketing Of Internal Audit • Interpersonal awareness
• Success measures • Personnel to interview determination
• Methods of marketing • Pre-audit PowerPoint
• Key Performance Indicators (KPIs) • Audit testing
• Tools and techniques • Methods of testing adopted
• Clearance meeting
Exercise 12: Marketing The Function • Audit classification
Exercise 19: What Makes A Good Audit Manual?
Day Two: Wednesday, 12 August 2009
You will receive an electronic version of a 64-page best
Pushing The Barriers Back practice audit manual
Skills Required Benchmarking Internal Audit
• Results of recent surveys • The power of benchmarking
• Outlining the broader range of skills needed • Internal quality assurance
• Is internal audit a career or a stepping stone? • The need for external evaluation as per the IIA standards
Exercise 13: Audit Skills • The need to give comfort to the audit committee
regarding best practice
• How to carry out a skills inventory • Introduction to a unique benchmarking template
• Facilitation skills – tips and techniques • Explanation of the 11 sections
• How to recruit personnel with the skills you need - Corporate governance and the internal audit role
• Achieving a blend of experience, competencies and - Professional standards
innovation - Audit charter
- The audit committee relationship
Exercise 14: The Skills Inventory - Skills, training and resources
- Strategic audit planning
Relationships With The Board And Audit Committees - The audit manual
• Board requirements of internal audit - Completing the audit
• Developing regular contact with the chief executive - Audit reports
• Role of the audit committee - Measuring performance
• The audit committee relationship – how to develop this - Marketing the function
• Evaluating audit committee requirements • Explanation of the scoring system – 200 areas with a
• How to anticipate requests etc. maximum overall score of 500
• How to develop effective audit committee reports
• External audit relationships Exercise 20: Completing The Benchmarking Template
Exercise 15: The Audit Committee/ Board Report Course Summary And Close

971-4-3352437 971-4-3352438 register@iirme.com www.iirme.com/audit

 Innovative Audit Reporting IIR Middle East certified by

Advanced Audit Skills

9 – 13 August 2009 • Dusit Thani Hotel, Dubai, UAE
IS0 9001: 2000

FIVE WAYS TO REGISTER

971-4-3352437 971-4-3352438 register@iirme.com

IIR Holdings Ltd. GCS/IIR Holdings Ltd.

P.O Box 21743 P.O Box 13977
Dubai, UAE Muharraq, Kingdom of Bahrain

www.iirme.com/audit

Interested in running this course in-house?

Please call the Customised Training Solutions Team
on 971-4-3352439 or CTS@iirme.com

BC3101
Event Dates Price before Price between 24 May Price after
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Book entire event 9 – 13 August 2009
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Course II: Advanced Audit Skills 11 – 13 August 2009
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