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Practical Operational Auditing Series - Competency Kit for Operational Auditors

by Stanley Yap Onn Nam

Languages: English

Price (from): €3,600 / day

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About the trainer:

Stanley O. N. Yap was trained by and qualified with Peat, Marwick, Mitchell & Co., then one of the Big-Eight international firms of Chartered Accountants in the U.K. Subsequently he graduated from the University of Bradford Management Centre, the oldest business school in the U.K., with a Master’s degree in Business Administration. Apart from being a Chartered Accountant, registered with the Malaysian Institute of Accountants, and a Malaysian Certified Public Accountant, Stanley also holds a Post-graduate Diploma in Marketing awarded by the Chartered Institute of Marketing in the U.K. He was a Member of the Chartered Institute of Marketing, U.K.; the Association of MBA Executives Inc., U.S.A.; the American Institute of Management; the Malaysian Institute of Directors; the Malaysian Institute of Management; and, the Malaysian Institute of Human Resource Management before venturing into the academia in 2009. Stanley is the Founding President of the Institute of Internal Auditors (IIA) Malaysia and is one of the recipients of the prestigious award of F.I.I.A. from IIA Malaysia for his invaluable contributions to the Institute and the internal auditing profession in Malaysia. He is also a Certified Internal Auditor, a post-graduate professional qualification awarded by the Institute of Internal Auditors Inc., U.S.A. Stanley has over thirty years of experience in external auditing, internal auditing, commerce, industries, banking and consulting. He was Vice-President Finance of the largest public-listed petrochemical group in Malaysia. Prior to that, he was the Group General Manager / Group Company Secretary of a public-listed conglomerate, and Head of Internal Audit of another public-listed conglomerate and the oldest foreign bank in Malaysia. These conglomerates have interests in financial services, plantations, oil and gas, property and construction, manufacturing, engineering, trading, retailing, travel and tour, shipping, specialist services – advertising and security, marketing and distribution, leisure, food and beverage, international operations and education. In Operations, Sales, and Marketing, Stanley was Group Chief Operating Officer of the main board company and Chief Operating Officer of a Multi-Level Marketing Group in Malaysia. In consulting, Stanley was the Chief Executive Officer of a firm that specializes in Corporate Governance, Risk Management, Business Process Re-engineering, and Internal Audit Consulting Services. Apart from managing the consulting firm, Stanley also served a public-listed group as Chairman of its Audit and Nominating Committees for a few years. Stanley will impart the knowledge that he has acquired and share experiences that he has gained over the years as Chairman of Audit Committee; Vice-President Finance; Chief Internal Auditor; and, Group Chief Operating Officer in various industries and as Senior Academic in a few renowned business schools with participants of this program.

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Practical Operational Auditing Series - Competency Kit for Operational Auditors by Stanley Yap Onn Nam

About the training

#Auditing Series   #interactive   #practical   #Strategic Management   #Statistical Concepts   #Great Presentation

This 3-day highly interactive and practical workshop was developed by the Founding President of the Institute of Internal Auditing Malaysia. The contents of this workshop were drawn from past experiences of the Workshop Leader gained as Chief Executive Officer of an IA consulting firm, Head of Internal Audit of two public-listed conglomerates; the largest public-listed petrochemical group; and, the oldest bank in Malaysia. Most internal auditors lack knowledge and experience in operations hence this workshop was written and developed mainly for them. In particular, the Workshop Leader will impart his knowledge gained and share his experiences acquired as Group Chief Operating Officer of two major organizations to participants of this workshop. This workshop aims to provide guidance and advice to Internal Auditors who are required to conduct Operational Audits on the various Management Functions in the organizations they serve. Day 1 provides knowledge of Auditing Concepts, World-class Standards on Performing an Operational Audit, Knowledge and Skills required of new Operational Auditors; Day 2 stresses more on the importance of IIA’s Performance Standard 2100 Series on Nature of Work covering Governance, Risk Management and Control; while Day 3 provides guidance on Performing the Engagement including the preparation of working papers, flow-charts, narrative notes, and ICQs. The topics of Statistical Sampling, Analytical Techniques as well as Report Writing will also be covered making it essential for new Operational Auditors.

Learning outcomes

EA and IA

Know the main Similarities and Differences between EA and IA

External Auditing and Internal Auditing

Understand the Key Concepts of External Auditing and Internal Auditing

Statutory and Regulatory Requirements

Comply with the Statutory and Regulatory Requirements of EA and IA

Aligned Planning Methodology

Devise a Planning Methodology in line with IIA’s IPPF for OA Assignments

Strategic Management

Understand the Function of Strategic Management in Corporations

OA Management and Strategic Management

Appreciate the Alignment of OA Management with Strategic Management

Knowledge Skills and Experience

Equip themselves with the Knowledge Skills and Experience for OA Assignments

Corporate Governance Risk Management and Internal Control

Gain Knowledge of Corporate Governance Risk Management and Internal Control

Apply Financial Analytical Techniques

Apply Financial Analytical Techniques in Conducting OA Assignments

Statistical Concepts

Understand Statistical Concepts and Apply Statistical Sampling Techniques


  • Statutory and Regulatory Requirements of Auditing

  • Auditing Concepts of True and Fair and Materiality

  • IA Concepts of Effectiveness Efficiency and Economy

  • World Class Standards on Operational Auditing

  • Operational Audit Planning Methodology

  • Brief Introduction to Strategic Management

  • Alignment of OA Management with Strategic Management

  • Knowledge Skills and Experience for New Operational Auditors

  • Corporate Governance

  • Risk Management

  • Internal Control

  • Development of Operational Audit Working Papers

  • Audit Sampling Concepts

  • Analytical Techniques

  • Writing Effective Operational Audit Reports

Main benefits

  • #Wide collection of the biggest experts
  • #Filters for all kinds of needs
  • #User friendly platform
  • #Fast and cheap
  • #Highest level of proficiency

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