Training Description:

As if managing your organisation’s own risk profile isn’t challenging enough today, management must concern itself with how every one of their suppliers and vendors addresses risk. That’s right -management is responsible for the risk-related action or inaction of everyone in their service and supply-chain network.

How concerned should your organisation be about the dangers of third-party risk today? In short – very concerned. Third-party risk should be a top-of-mind concern for all businesses today – from global giants to two-person start-ups. If your business engages supply-chain partners or outsources anything, third-party risk should be on your internal audit radar.

This half-day course will show you how to begin to provide effective, professional insight and internal audit assurance over this important area.

Internal auditors are also expected to provide assurance over their organisation’s fraud risk management framework and control arrangements. They must also be able to react to the rapidly changing business environment and emerging fraud risks. Building on our morning session in the afternoon, this second half-day course will help you better address fraud risk management and enable you to provide more insightful assurance in this key area.

Who should attend?

This course has been designed to be relevant to internal auditors, audit managers and chief audit executives from every business sector – private, public, and voluntary – and for delegates with varying levels of practical experience. It is of most relevance to those about to embark upon an internal audit of outsourced partnerships, procurement, contract management and the associated risks, for those who manage audits in this area or for those wishing to stay up to date with topical developments and emerging areas of internal audit interest.

Course programme

A blend of theoretical, technical, discursive and practical approaches covering:

• third party risk and its strategic relevance to organisations
• the objectives of third party management and governance
• audit objectives, risk and controls relating to third parties
• performance and contract management
• understand the warning signs of fraud
• identify potential fraud vulnerabilities and exposures
• develop an effective fraud audit programme
• provide informative audit reports to management on fraud risk.
• key internal audit areas of focus and questions
• additional resources

The course includes facilitator input, topical examples, short practical discussions and exercises to reinforce the learning and build upon your existing knowledge.

Current IIA CPE competency areas covered:

• Professionalism (Due professional care)
• Performance (Organizational governance)
• Performance (Engagement planning)

About the speaker:

John Chesshire, CFIIA, QIAL, CIA, CISA, has over 24 years’ experience working in the internal audit, risk management, business improvement and governance fields. John is a Fellow of the Chartered Institute in the UK, is an Independent Internal Audit Committee Chair and has recently been Chief Assurance Officer for the States of Guernsey. He has delivered well-received courses to twelve Institutes of Internal Auditors across the world and his other recent clients include FTSE listed companies, multinationals, central and local government, law enforcement, international charities, professional services companies, and international organisation such as NATO, the OECD and UN Agencies. He is a principal examiner for the Institute of Risk Management and has been a visiting lecturer in the Governance and Assurance Hub at Birmingham City University. He loves internal audit, is a great friend of IIA Lithuania and particularly enjoys working in new and emerging areas of assurance interest.

Language: English

Date: February 29, 2024
Location: Hotel Novotel Vilnius Centre (Gedimino av. 16)
CPE:  7 CPE awarded
Tickets:  150 EUR for IIA members and 180 EUR for non-members. 

The price is reduced when purchasing tickets for both days at once: 260 EUR for IIA members and 300 EUR for non-members.
Registration is available until February 26, 2024

Please contact us (administravimas@vaa.lt) if you have any questions.