Course Level
This Institute program is at the overview level and assumes knowledge of auditing skills.
Areas of Instruction — Core Competencies
The Association has identified ten broad areas of core competency for inspectors general investigators. The Institute program’s five-day curriculum covers the following ten core competency areas:
- The audit process
- Professional standards for conducting audits
- Ethics in audits
- Working with investigators
- Internal control
- Forensic auditing
- IT auditing
- Peer review process
- Identifying an reporting monetary benefits
- Contract auditing
Course Learning Objectives and Program Content
Audit Process
- Planning the audit
- Performing the audit
- Reporting on the audit
- Follow-Up
Professional Standards for Conducting Audits
- Knowledge and understanding the need for standards
- The importance of standards for auditing
- Knowledge and understanding the specific standards for auditing
Ethics and IG Auditing
- Nature and role of ethics laws and standards
- The nexus between IG auditing and ethical issues.
- Ethics as second nature
Working with Investigators
- Coordination and communication
- Similarities/differences
- Joint projects
Internal Control
- Importance
- Assessing
- Documenting
Forensic Auditing
- Defining an effective fraud auditor
- Identification of patterns of fraud ,waste and abuse
- Forensic audit techniques
IT Auditing
- General control environment
- Basic application Controls
- Basic IT auditing techniques
Peer Review Process
- What to expect
- How to prepare
- Reporting results
Identifying and Reporting Monetary Benefits
- Types of monetary benefits
- Criteria
- Practical examples
Contract Auditing
- Key areas to review
- Procurement laws and regulations
- Audit findings
