Learning outcomes

Course Introduction

Modern internal audit functions have a key role in enabling organizations to deliver projects within cost targets, to the required quality and on time. You will develop greater understanding of how the risk-based audit approach provides the opportunity to improve the organization’s delivery of projects.

Through evaluation of why projects do not achieve the desired outcome and what can be done to avoid common mistakes in project delivery, this masterclass practically demonstrates how internal auditors are able to employ a risk-based audit approach at every stage of the project to support success.

This masterclass will also cover a range of key projects, common in the majority of organizations, to provide deeper understanding of how to approach auditing these projects in a practical and cost-effective way.

The exercises and activities will be practical in nature and predominantly based on reallife case studies or situations. In addition, there will be opportunity to discuss existing project concerns in a safe and professional environment.

Learning objectives:

• Establish how to effectively identify, measure, evaluate and control project risks.
• Appreciate the benefits of proactive risk-based audit of key projects.
• Understand how to audit major projects, including IT projects, in a practical and cost-effective way.
• Apply the concepts and practical application of a risk-based audit approach to deliver project success.
• Evaluate the lessons that can be learned to enable project delivery to time, cost and quality objectives.

Training Schedule

Day one

  • 08:30 Registration with Welcome Coffee

  • 09:00 Session One: Risk fundamentals

  • 11:00 Tea, Coffee, Networking

  • 11:15 Session Two – Risk identification, analysis, and evaluation

  • 13:00 Luncheon & Networking

  • 14:00 Session Three: The challenges and risks of successful project delivery

  • 15:30 Tea, Coffee, Networking

  • 15:45 Session Four – Projects and Project Audit: The risk-based approach

  • 16:45 Session Five – Steps in Project Audits

  • 17:30 End of day 1

Day two

  • 08:45 Tea, Coffee, Networking

  • 09:00 Session One – Initiating the Project

  • 11:00 Tea, Coffee, Networking

  • 11:15 Session Two: The Project in Progress

  • 13:00 Luncheon & Networking

  • 14:00 Session Three: Handover and Post Project Audit

  • 15:30 Tea, Coffee, Networking

  • 15:45 Session Four: Cost and Schedule Control

  • 16:45 Session Five: Focus on auditing IT Projects

  • 17:30 End of day 2

Training Program

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Get to know the Expert Trainer

Gary Ingamells
Gary Ingamells Owner
CCS Training and Consultancy
United Kingdom

Gary Ingamells is a high quality professional Internal Auditor and a Chartered Member of the Institute of Internal Auditors UK and Ireland and the founder of CCS Training and Consultancy. Gary also holds a BA in Business Studies, a Post Graduate Certificate in Education, the ACCA Certificate in International Auditing and the Certified Internal Auditor (CIA) designation from the IIA.

With over 20 years’ experience in delivering Internal Audit services, and over 14 years’ experience of delivering training and advice to Internal Audit professionals and trainees from across the globe, Gary is an expert on the audit process and how this can be utilised to deliver real value to all organizations and at all levels.

Gary has designed and developed learning material for Internal Audit students. For example, he authored 80% of the CIIA’s on-line learning material for the Organizational Leadership element of the Qualification in Internal Audit Leadership.

Gary has lead teams of Internal Auditors to deliver value-adding assurance and consulting services in Operations, Information Security and Professional Services. Gary has represented Internal Audit at numerous audit committees, senior management forums and conferences. Recent practical experience has seen Gary work with organizations in financial services, Government and the retail sector. Such work has included supporting major projects and contracts, reviewing culture and ethics, advising on information security and providing training to improve standards in Internal Audit functions.

Who should attend?

This masterclass is designed for those who have an interest in auditing projects. Although the masterclass is focused at intermediate level, all delegates will gain maximum benefit from the masterclass if they have a reasonable understanding of or experience in projects either from an audit involvement or project involvement.
• Heads of Audit, Audit Managers and Senior Auditors
• Project Managers and Project Programme Managers
• Auditors responsible for undertaking project audit assignments
• Other professionals who need to understand the risks impacting complex projects
• Managers and Directors of business functions – to aid their knowledge of a risk based audit approach to projects

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Venue

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Room reservation

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Hotel Location

Radisson Blu Park Royal Palace Hotel
Schloßallee 8
1140 Vienna
Austria

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FAQ

You can always register without a name using the TBA [To Be Announced] option. Please indicate TBA instead of the delegate name and 2 weeks prior to the event you are able to send the delegate name/s to booking[at]glceurope.com
While we are not happy to see you cancel your registration, we understand that “life happens” and other obligations come up. Our refund schedule is as follows:
The client has the right to cancel his/her registration in the event.
There is a 50% liability on all conference registrations once made, whether the booking was made through our website or via e–mail/ telephone/ fax.
If the client cancels with more than 8 weeks’s advance notice, GLC shall be entitled to an amount equivalent to 50% of the conference fee and 16 EUR administration charge. In case the client has already made his/her payment, this will be deducted from the conference fee GLC has already received and the remainder will be refunded. If no conference fee has been received prior to the cancellation request, GLC will issue an invoice for the cancellation fee (the amount equivalent to 50% of the conference fee and 16 EUR administration charge), which the client must pay immediately upon receipt. No refunds are available for cancellations received with 8 week’s (or less) advance notice or in case the client fails to attend the conference. In these cases, the full amount of the conference fee must be paid.
In general no VAT is applied based on the Hungarian VAT law with the exception of individual payment [when you would like to pay from your own budget and not from the company’s budget] and for Hungarian companies where 27% VAT is applicable which is refundable at the end of the company’s fiscal year.
Our hospitality partners usually have options available for parking places, however it can change from event to event. If you would like to receive more information on parking please e-mail our colleague susanna.juhasz[at]glceurope.com.
We provide a conference documentation pack which includes: conference agenda, notes pages and attendee information. Soft copies of some of the presentation are available on USB-flash-drives for each delegate. You may bring your laptop, tablet or other mobile device so you are able to review the presentations while they are being presented. Free Wi-Fi will be provided and outlets will be available for recharging computers, mobile devices and phones. We highly recommend you to bring along your business cards and a desire to learn from some of the industry’s leading experts.
The dress code is business casual. Feel free to leave the suits and ties at home this time. We do suggest you bring a sweater or dress in layers, as the conference room temperature may fluctuate.
Any of our staff members at the event will be delighted to help you. You can contact us for free via WhatsApp or Viber or any time over the phone or via e-mail or post.
  1. Get the timing right.
    Many people are afraid to request for training budget, because they can’t seem to find the “perfect time” to do it. Well, there’s no perfect time to ask for it, but there are definitely some moments that are better than others. For instance, if your boss is about to take a two week vacation, he/she might be in a good mood. If he/she just lost a major account, may not be wise at that juncture.
  2. Make a case for yourself
    When you ask for budget, you should be prepared with specific details and explanations about what is in it for the company and you’re superior. If you go into a meeting and just say, “I want to get budget for a conference,” it’s likely that your request won’t be taken seriously. If you want to plan ahead, then you should be prepared to explain the following points:
    1. Start by stating your accomplishments
    2. Show that you’re ready for more responsibility and eager to learn
    3. Describe:
    a) How this event will increase your productivity?
    b) How you will need less supervision
    c) How you can bring back the knowledge to the company
    4. Follow up
You might find free to attend events which are usually organized by a solution/service provider within the industry. Unlike at free to attend events, on a paid event you will find more diverse industry knowledge rather than presentations related to services or solutions.
In case you cannot attend for both days, you can always attend for just 1 day of the event. In this case we will send you all presentations of the 2 days. The participation fee is 70% of the original investment. In case you would like to attend the event for just 1 day please contact us on booking[at]glceurope.com
In case you are busy on 1 of the days, you certainly can split the 2 day conference with one of your colleague. All you need to do is send us an e-mail to booking[at]glceurope.com
We understand that not all senior-level professionals might be available on the dates. As the event is an annual event, most of the attendees try to postpone their engagements or send a small group from their teams to benefit from the conference.

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