Reducing Audit Cycle Time Without Compromising Quality
– Deliver Fast, Consistent, and High-Quality Audit Results| Learn how to break down audits into manageable agile auditing sprints, delivering faster, more frequent results while maintaining high-quality standards. –
Description:
In an era where organizations demand faster insights and increased audit responsiveness, traditional lengthy audit cycles can no longer meet the pace of evolving risks and compliance needs.
This training introduces Agile Auditing Sprints, a revolutionary approach to break down audits into manageable, iterative phases, or sprints, designed to deliver quicker, more frequent audit outputs without sacrificing quality.
Agile auditing empowers internal audit teams to adapt quickly, deliver value continuously, and engage stakeholders with more frequent updates. In this training, participants will explore how to structure audits into sprints, use agile project management tools, and create a collaborative environment for more efficient audit processes.
You’ll learn how to apply agile principles such as transparency, incremental progress, and stakeholder collaboration to ensure that audit insights are delivered promptly and accurately.
This training is ideal for auditors looking to streamline their workflows, improve stakeholder engagement, and enhance the overall quality of audits in a fast-paced business environment.
Objectives:
- Understand the principles of Agile Auditing and its application to internal audit.
- Break down audit engagements into manageable sprints for more efficient execution.
- Use agile tools and techniques to enhance audit planning, execution, and reporting.
- Deliver faster, more frequent audit results while maintaining high-quality standards.
- Fosternear-time collaboration with audit stakeholders throughout the audit lifecycle.
- Improve audit team productivity by adopting an iterative approach to audits.
- Identify and resolve risks and issues more proactively through shorter audit cycles.
- Ensure continuous audit improvement through retrospective sprint reviews and lessons learned.
Topics:
- Introduction to Agile Auditing
- Overview of agile methodologies and their relevance to auditing
- The benefits of agile auditing compared to traditional approaches
- Key elements of agile sprints for internal audit
- Structuring Audits into Sprints
- Breaking down audit engagements into iterative sprints
- Prioritizing audit objectives and deliverables for each sprint
- Assigning roles and responsibilities within audit sprint teams
- Agile Tools for Audit Planning and Execution
- Using agile audit project management tools such as audit activity task cards
- Tracking progress through agile boards and sprint metrics
- Using Agile Audit Canvas as new Audit Planning Memorandum format
- Managing audit backlogs and sprint planning meetings
- Collaboration and Stakeholder Engagement
- Facilitating near-time collaboration between auditors and stakeholders
- Managing expectations with frequent updates and feedback loops
- Ensuring transparency in audit processes and progress reporting
- Quality Assurance in Agile Auditing
- Maintaining audit quality through continuous review and feedback
- Conducting peer reviews and sprint retrospectives for process improvement
- Balancing speed with thorough risk assessments and control testing
- Live Demonstration: Agile Auditing in Action
- Live demonstration of an audit sprint from planning to completion
- Interactive exercises on using agile tools fornear-time audit tracking
- Case study: Successful implementation of agile auditing sprints in practice
- Retrospective and Continuous Improvement
- Conducting sprint reviews and retrospectives for audit improvement
- Capturing lessons learned and adjusting sprint plans accordingly
- Creating an agile mindset for ongoing improvements in the audit function
- Joint summary, conclusion and practical guide
Training Team
Audit-Championship is a university spin-off. We focus on networking between science and practice. Audit-Championship provides thought leadership and innovative methods to support its customers across all industries in digital transformation. We support audit departments globally as well as national Internal Audit associations with yearly 2.900+ training days and transformation services along an internal audit knowledge value chain.
Inhouse Training on demand
Conditions and Price
Get in touch with us, we look forward to developing a great training event and didactical concept for you and your internal audit team.
Didactics | Methodology
We train you and your team on-site, or we can train you online worldwide in the form of a Virtual Training Series: Interactive lecture, discussion, practical example, case studies, reflection.
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