Guidelines for Performing a Corporate-Wide Internal Audit Risk Assessment
Speaker: Marna Steuart
Speaker Designation: Accounting and Finance Expert
Speaker: Marna Steuart
Speaker Designation: Accounting and Finance Expert
Performing a corporate-wide risk assessment can seem like a daunting task for an organization. In reality, it can be done using a template and brainstorming with internal auditors, certified fraud examiners, and business unit leaders throughout your organization. Understanding your company’s risk environment is key to having an effective internal audit system; it helps to have significant experience in internal auditing and a mind for coming up with “what could go wrong” in any controlled environment.
This webinar will equip you with a methodology that has been utilized in a robust internal audit department for a billion-dollar revenue corporation. It will discuss key components of a risk assessment and management program, steps involved in the risk assessment process, and tips for continual refinement of audit projects.
As awareness regarding the potent impact of Internal Audit organizations and their associated costs continues to rise, the need for an entity-wide risk assessment becomes paramount. This practice is pivotal for optimizing the efficiency and efficacy of an Audit Organization.
Embarking on a corporate-wide risk assessment is a tangible and valuable pursuit. It not only equips the internal audit function and its organization with a roadmap for the impending audit year but also offers a sense of reassurance upon completion. This tried-and-true methodology, harnessed by billion-dollar industries, is conducted annually. It leverages templates to systematically document outcomes from a series of engagements with Company Executives and Management across all tiers during the risk assessment process.
Discover the transformative potential of entity-wide risk assessment—a cornerstone endeavor for enhancing the audit landscape. Elevate your proficiency in this domain to usher in heightened efficiency and effectiveness for your Audit Organization.
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Marna Steuart has been in the audit industry for over twenty years. Ms. Steuart began her career with a Big Four firm as an external auditor, then as an internal auditor in several different capacities within several different industries.
Ms. Steuart obtained her Certified Fraud Examiner license in 2007 and was the main fraud investigator for five years at a large utility company. She was responsible for performing and updating the fraud risk assessment on an annual basis and conducting over fifty internal fraud investigations during her time at this organization.