Audit 2020: Introducing the Maturity Continuum Approach to Auditing

Recorded Session
60 Minutes

A maturity continuum approach to auditing helps management see how effective its controls really are. This 60-minute webinar introduces the Comparative Effectiveness Matrix, a tool for raising issues during audit and risk management reviews.

The matrix combines best practices with audit techniques and risk management approaches. By comparing current control effectiveness with expectations, industry best practices and ideal conditions, management can define its own maturity model for risk and controls, then map progress toward a level that fits its philosophy, while still linking to industry practice.

WHY SHOULD YOU ATTEND?

The matrix supports communication and presentation, particularly when issues are sensitive. You'll learn to apply it to current processes using industry-based information sources, cross-reference structure to risk and controls, define process steps, gather evidence for positioning, and build action plans to move up the maturity scale.

It suits auditors and audit leaders, risk managers and leaders, executives, consultants, quality assurance staff and business analysts.

AREA COVERED

  • The Comparative Effectiveness Matrix
  • Applying the matrix to current processes
  • Developing industry-based information sources
  • Cross-referencing structure to risk and controls
  • Using the tool to move through maturity phases
  • Defining steps in the process
  • Determining evidence that supports positioning
  • Developing action plans to move up the maturity timeline

LEARNING OBJECTIVES

  • Explain how the Comparative Effectiveness Matrix works
  • Apply the matrix to current processes
  • Develop industry-based information sources for comparison
  • Cross-reference organizational structure to risk and controls
  • Gather evidence to support a maturity rating
  • Build action plans to raise control maturity

WHO WILL BENEFIT?

  • Auditors
  • Audit Leadership
  • Risk Managers
  • Risk Leadership
  • Executive Leadership
  • Consultants
  • Quality Assurance Staff
  • Business Analysts

The matrix supports communication and presentation, particularly when issues are sensitive. You'll learn to apply it to current processes using industry-based information sources, cross-reference structure to risk and controls, define process steps, gather evidence for positioning, and build action plans to move up the maturity scale.

It suits auditors and audit leaders, risk managers and leaders, executives, consultants, quality assurance staff and business analysts.

  • The Comparative Effectiveness Matrix
  • Applying the matrix to current processes
  • Developing industry-based information sources
  • Cross-referencing structure to risk and controls
  • Using the tool to move through maturity phases
  • Defining steps in the process
  • Determining evidence that supports positioning
  • Developing action plans to move up the maturity timeline
  • Explain how the Comparative Effectiveness Matrix works
  • Apply the matrix to current processes
  • Develop industry-based information sources for comparison
  • Cross-reference organizational structure to risk and controls
  • Gather evidence to support a maturity rating
  • Build action plans to raise control maturity
  • Auditors
  • Audit Leadership
  • Risk Managers
  • Risk Leadership
  • Executive Leadership
  • Consultants
  • Quality Assurance Staff
  • Business Analysts
Currency:
Webinar Option
Transcript (PDF Transcript of the Training)
Downloadable Recorded Session
USB

Speaker Profile

ins_img Daniel Clark

Daniel Clark. CRCMP, CISRCP, QIAL Independent Consultant BEXCPartners.comDan has over 25 years of experience in Financial Services from regional banks to global giants like Citigroup and GE Capital. His early career roles included: sales, credit risk management and operations. For the last 18 years he has been fully focused on Risk Management and Internal Audit. His experience as Chief Auditor in two regional banks and as a senior officer in Audit and Risk Review for Latin America provides unique insight into management practices in and outside of the United States. He is also a recognized expert on GRC, a Public …

Upcoming Webinars