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Process Flow Auditing

March 26-28, 2008 Atlanta, GA June 25-27, 2008 San Francisco, CA September 22-24, 2008 New York, NY November 10-12, 2008 Chicago, IL

A Unique Methodology for Focusing Audits on the Organization's Core Business Functions

In Three Intensive Days You Will:

· Learn how to use process flow auditing to analyze and break down a business into its core processes · Focus on an integrated approach to auditing that will assist you in your Sarbanes-Oxley compliance efforts, help control costs, and minimize risks · Explore the critical role of data in process reviews and analyses · Find out how to apply business-oriented risk assessment techniques to key processes · And more

The International Leader in Audit & Information Security Training

E-Z Access OAP311

Training Audit and Information Security Professionals for Over 30 Years

Process Flow Auditing

A Unique Methodology for Focusing Audits on the Organization's Core Business Functions Seminar Objective

In this three-day seminar you will learn how to use process flow auditing (PFA) to analyze and breakdown a business into its core processes and to identify highpayback areas. You will focus on operational auditing and its interaction with IT auditing to arrive at an integrated approach to audits that will help control costs, minimize risks and exposures, assist you in your Sarbanes-Oxley compliance efforts, and maximize your understanding of the business. You will explore the critical role of data in process reviews and analyses, and determine how to apply businessoriented risk assessment techniques to the key processes of your organization. You will also learn alternative audit tools and methodologies you can use to make your engagements highly effective, boost productivity, and maximize payback. Prerequisite: Fundamentals of Internal Auditing (OAG101) or equivalent experience. Learning Level: Intermediate NASBA: Auditing What You Will Learn 1. Process Flow Auditing: Primary Functionality · what process flow auditing is and why it is important · relevance to S-OX: now and in the future 2. Understanding the Business · primary interdependencies · core structure analysis and why it is important · understanding the structure: Sarbanes-Oxley and COSOERM analysis and Section 302, 404, and 409 compliance 3. Tools, Techniques, and Approaches for Maximizing Efficiency · traditional tools and techniques: are they applicable to process-based auditing · Sarbanes-Oxley compliance: using tools to transfer responsibility for process documentation and control to operations · mapping processes and systems · one-on-one interviewing · narratives · flowcharting · group-based audit methodology · top-down flowchart · data flow diagrams · cause-and-effect diagrams 4. Risk-Intense/Value-Added Processes · focusing on business risks · identifying key processes and what makes them critical · using data to determine risk · using risk to establish primary control points · maximizing returns 5. Applying Process Flow Auditing to Operational Areas · key operational areas, how they link to primary financial processes, and the relationship to Sarbanes-Oxley · correlating costs to risk assessment · process chains: what the auditor needs to know · identifying key performance indicators · operational risks in the context of your business · creating ongoing management oversight vs. crisis management · linking operations to the corporate strategic mission · critical questions to ask process owners in order to evaluate risk oversight effectiveness

Who Should Attend

Audit Directors and Managers; Internal, External, and Information Technology Auditors

Online Registration, E-Z Access OAP311

· generalized audit software


Greg Duckert, CPA, CISA, CIA, CMA, is the CEO of Audit, Inc., a consulting firm specializing in data-centric enterprise risk assessment models, continuous audit/consulting platforms, operational analysis, and audit process methodologies. A 28-year IA veteran, Mr. Duckert is also an MIS Training Institute Senior Consultant. Previously, as General Auditor, he founded an internal audit/consulting organization for a Fortune 500 corporation. He also served as General Auditor for two major organizations where his audit departments were responsible for financial, operational, IS/IT, and regulatory areas. Mr. Duckert has been an adjunct professor at the college and university level, and he has developed and presented numerous audit seminars.

Registration Information

Mail to MIS Training Institute, 498 Concord Street, Framingham, MA 01702-2357 Call: (508) 879-7999 Fax: (508) 872-1153 E-mail: [email protected] Web:, E-Z Access OAP311 IMPORTANT: Please refer to the Registration Code on the mailing panel when you register. Tuition: The $1695 tuition covers seminar materials, refreshments, and hospitality reception. Tuition must be paid in advance by cash, company check (US dollars), VISA, MasterCard, Diners Club, Discover, or American Express. Add $100 if you register five business days or less before the session start date. Class Hours: Class is held from 8:30 am - 5:00 pm daily and concludes at 1:00 pm on the last day. The High-Yield/No-Risk Guarantee: Attend this seminar and receive information, tools, and techniques that will help you do your job better. If you do not, simply tell us why on your company letterhead within 30 days of attending the event and we will give you a full credit toward another seminar. MIS Cancellation Policy: A full refund less a $100 administrative fee will be given for cancellations received 15 days or more before the event. Tuition is non-refundable for cancellations made 14 days or less before the event. You may, however, transfer your tuition to another MIS Training Institute event, less a $195 administrative fee. Transfers are valid for 12 months from the time of initial cancellation. Substitutions are welcome at any time. Those who do not cancel before the event date and who do not attend are responsible for the full nonrefundable, non-transferable tuition. To cancel, call customer service at 508-879-7999. Schedule Changes: MIS may occasionally find it necessary to reschedule, relocate, or cancel sessions and will give registrants advance notice of such changes. MIS will not be responsible for penalties incurred as a result of non-refundable airfare purchases or hotel reservations. CPE Credits: Participants are eligible for 22 hours of CPE Credits.

MIS Training Institute is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be addressed to the National Registry of CPE Sponsors, 150 Fourth Avenue North, Nashville, TN, 37219-2417. Web site:

6. Applying Process Flow Auditing to IS/IT · identifying the organization's core systems · five critical risk/control zones · impact of IS/IT on the primary business operations · understanding data flow · relating systems to the process flow review · key risk points and challenges surrounding IS/IT

7. Process Flow Auditing Case Study 8. Internal Audit's Role and Identity

"The class provided great ideas and valuable tools for process flow auditing."

Ashley Fitzharris, Lead Auditor, Tucson Electric Power Co.

"Very practical audit methods and techniques. `Common sense' auditing, which is likely overlooked by the normal audit routine."

Jay Nicholas, Staff Auditor, International Navistar Corporation

"Program presents a good overall approach for auditing a variety of processes within different industries."

David Eichert, Managing Director, Clark Schaefer Consulting

In-House Seminars

If you have several people who need training, MIS will bring this program or any of its other audit seminars directly to your organization. In-house seminars let you tailor a course to your specific needs and cost-effectively train your team at your convenience. For more information, contact Mimi Hatch at (410) 692-2465, or [email protected]

Hotel Information: Hotel arrangements should be made after you register for a seminar to ensure lowest available rates. Please contact the hotel directly (phone numbers are listed below) and be sure to inquire about corporate, AAA, AARP, or other discounts for which you may be eligible. Atlanta: JW Marriott at Lenox Square 404-262-3344 San Francisco: Hyatt at Fisherman's Wharf 415-563-1234 New York: Park South Hotel 212-448-0888 Chicago: Palmer House Hilton 312-726-7500

Process Flow Auditing

A Unique Methodology for Focusing Audits on the Organization's Core Business Functions

The International Leader in Audit & Information Security Training

498 Concord Street Framingham, MA 01702-2357


IMPORTANT: Please refer to the Registration Code below when you register.

Registration Code: OAP311A/ PDF

"This course provided a new perspective on internal auditing, adding value to the audit process, and value to a company overall."

Barbara Gerth, Director, Internal Audit, The Breakers

E-Z Access OAP311

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March 26-28, 2008, Atlanta, GA June 25-27, 2008, San Francisco, CA September 22-24, 2008, New York, NY November 10-12, 2008, Chicago, IL

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The International Leader in Audit & Information Security Training

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Contents of this brochure copyright © 2008 MIS Training Institute, Inc. All rights reserved. Printed in U.S.A.


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