Description
$275 (per person) includes an online webinar for 4 hours of CPE credit
Audit smarter, not harder! Transform your government audit shop’s risk assessment, audit universe and audit planning processes into a smarter, efficient and value-added process.
The following topics will be discussed in this dynamic and hands-on 4-hr webinar:
Risk Management
- Explore the fundamental concepts and importance of risk management for government entities
- Learn practical methods for identifying potential risks
- Explore a range of strategies to mitigate identified risks, including risk avoidance, risk transfer, risk reduction and contingency planning
Audit Universe Development
- Understand auditable entities, sub-entities and the audit universe
- Pinpoint key components of an audit universe
Annual/Periodic Risk Assessments
- Compare risk assessment types, methodologies and strategies
- Design a right-sized annual or periodic risk assessment program
- Formalize the risk assessment process that emphasizes strong stakeholder relationships and collaboration
Risk-Based Audit Planning
- Use the government audit universe and risk assessments to develop a risk-based audit plan
- Develop engaging and dynamic executive presentations for the risk-based audit plan
Learning Objectives:
- Describe the components of risk management for government auditors
- Define key concepts, methodologies and strategies to effectively identify, assess and mitigate risks
- Determine how to develop a dynamic and relevant risk universe
- Identify the ins-and-outs of risk assessments, including methodologies and best practices
- Determine how to use the audit universe and risk assessments to develop a best-in-class risk-based government audit plan
Program Level: Basic
Field of Study: Auditing (Governmental)
Who Should Attend: Government auditors at every level of experience
Prerequisites: None
Advanced Preparation Required: None
Instructional Method: Webinar (Group Internet Based)
CPE Credit Hours: 4
Date: Tuesday, April 8, 2025
Time: 12:00 p.m. – 4:00 p.m. Central
Webinar Leader:
Elizabeth McDowell, CPA CIA
Elizabeth McDowell, CPA, CIA has nearly 20 years of audit experience and is the founder of Audit Forward, an innovative internal audit consulting and training firm. Elizabeth is passionate about advancing and advocating for the internal audit profession and was recently recognized as one of the 2023 Internal Audit Beacons by Richard Chambers. Elizabeth makes auditing and training fun (no, really!) with the help of her mascot, Audie the Internal Otteror. In addition to training and consulting, Elizabeth is an adjunct Professor of Accounting at Front Range Community College.
Elizabeth’s most recent industry experience was at Achieve, where she was Sr. Director, Audit Strategy; prior to that, she held internal audit leadership roles at Elevations Credit Union, Fidelity Investments, and Xcel Energy after first starting her career at Ernst & Young.
Questions? You can find our FAQ here.
To see a breakdown of how many polls and minutes of attendance are required for this webinar, see this page.
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