Internal Audit Universe and Coverage Planning

A forty-hour Pro-level internal audit strategy simulation run on a live audit universe investment board, where you are Chief Audit Executive of a UK insurer whose broker platform is breached after five years outside assurance and off a universe nobody had refreshed since 2023 — and you rebuild the universe, rate it consistently, define adequate coverage, pull every internal lever from rebalancing to reliance and analytics, price in-house, co-source and reduced-coverage options at the margin and defend the investment case to the audit committee.

What you'll learn

• Rebuild an audit universe from the organisation's own registers, prove its completeness, rate its entities consistently and keep it current with successor tests and triggers.
• Define adequate coverage as a standard with tiered cycles and dated targets, disclose overdue high-risk entities honestly, and align days to risk within skill constraints.
• Build technology, third-party and emerging-risk coverage through capability, reliance on tested second-line work and honestly counted analytics, and price every resourcing model on one basis.
• Measure the value of assurance, respond to supervisors and quality assessors accurately, and win an audit committee resolution on funding that everyone can be held to.

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