Comprehensive Entry Level Training - October 2004

Thank you for attending the IIA Puget Sound Chapter's Comprehensive Entry-Level Training.  Below are links to the lecture slides, case study workpapers, and exercises from the course.

Lecture Slides:

Introduction
Enterprise Risk Assessment
Entrance Meetings and Interview Skills
COSO
Engagement-Level Risk Assessment
Rules of Evidence
Data Gathering Techniques
Audit Sampling Powerpoint and Sampling Examples in Excel
Elements of a Finding
Writing
Public Speaking

Exercises:

Potential Audit Evaluation
Interview Scenarios
Interview Checklist
Internal Controls
Life Risk Assessment
Engagement Risk Assessment
Data Gathering Interview Scenarios
Interview Checklist
Rules of Evidence.doc
Audit Sampling
Elements of a Finding
Writing Version 1
Writing Version 2
Writing Version 3
Writing Version 4

Case Study Workpapers:

Accounting Correspondence
Manager Approval Form
Invoices
Entrance Interview
Career Fair Schedule
Timesheets
Ethics Code
Administrative Specialist Interview
Fleet Administrator Emails
Maps and Driving Directions
Bus Trip Planner
Saturday Bus Schedule
Fleet Administrator Interview
Accounting Technician Interview
Reimbursement and Check Logs
Blanket Contract Rates

Audit Sampling: Several people commented that they would have liked additional information on audit sampling. We had developed an exercise for that module, but did not use it in either seminar due to time constraints. Answers to the last two questions are in "hidden text." (Select the Paragraph icon in Word and responses should appear.)

Another note on the sampling material: During the CELT 2 October 19-21 class, the Excel and Powerpoint attribute sampling handouts used contained a typo. The confidence interval should have been calculated using a multiplier of 1.96 for a 95% confidence interval times 0.072 (NOT 0.72!), so the correct confidence interval was 0.16 to 0.44. (The typo was probably also in the handouts for CELT 1 October 12-14, but we had more discussion about the calculation of the confidence interval in the second seminar.)

Sarbanes-Oxley: At least one person was interested in obtaining more information on Sarbanes-Oxley (SOX). Here is a slide presentation that we did not utilize in the course. It has some general information, but another excellent resource is the IIA's publication The Internal Auditor, which frequently includes articles on SOX.

Report Writing: Several people were interested in more information on audit report writing. The Puget Sound Chapter periodically offers a 2- to 3-day writing seminar by Stan Stenersen from the Government Accountability Office. We anticipate that the next writing course will be offered early in 2006. Stan is an excellent instructor, so be sure to watch for the course announcements in fall/winter 2005.

Thank you all for making both sessions a great learning experience. Please contact Aurora Mendoza (206-233-1091 / aurora.mendoza@seattle.gov) if you have any questions.