The How to Audit Outsourced Functions self-study auditing CPE course is meticulously designed to equip auditors with the knowledge and skills necessary to effectively audit outsourced functions. This auditing CPE covers a wide array of critical topics, including identifying risks that are magnified by outsourcing, outlining specific audit steps for examining outsourced operations, and detailing how auditors can contribute to contract formulation to protect their organizations. Participants will also learn about the unique challenges of offshoring, the importance of relying on third-party reports, and how to conduct risk assessments of suppliers. The benefit of this auditing CPE course extends beyond risk mitigation, offering auditors a pathway to enhance their strategic role in ensuring outsourcing arrangements align with organizational goals and compliance requirements. By the end of this self-study CPE course, participants will be capable of guiding their companies through the complexities of outsourcing, ensuring that risks are managed and value is maximized.
Learning Objectives
Upon successful completion of this course, participants will be able to:
Recognize those risks that may be amplified in an outsourcing arrangement.
Specify the audit steps used to audit outsourced functions.
Specify the areas in which the auditor can provide input during contract formulation.
Describe the different risk assessment areas relating to the audit of a supplier.
Recognize the types of third-party reports that an auditor can rely on when formulating audit procedures for an outsourcing arrangement.
Major Topics
The Value Provided by Internal Auditing
Outsourcing Concerns
General Steps in Auditing Outsourced Functions
The Periodic Risk Assessment
The Ideal Environment for Auditing Outsourced Activities
