Virtual Training Series: Optimizing your effectiveness in Internal Auditing

– 4 parts More than just usual audit techniques – Dr. Rainer Lenz, ARC Institute

The Internal Audit Cycle [100 min. 2 CPE]
Building on Theory U (Otto Scharmer, MIT Boston) we will discuss the positioning of internal auditing as enabler of learning and change in an organization. Thereby overcoming the four barriers of learning and change: 1) not to see what we do, 2) not to recognize what we see, 3) not to say what we think, and 4) not to do what we say.

Internal Audit Function Characteristics: Sorting the Wheat from the Chaff [100 min. 2 CPE]
We will discuss the four building blocks that form the basis of internal audit effectiveness: organization, resources, processes, and relationships.
Based on empirical research, there are 14 discriminatory characteristics that can help internal audit effectiveness. We will discuss those characteristics, and jointly explore whether and how they can help you, in your context, to heighten the effectiveness of your internal audit function, and increase your organizational significance going forward.

WRAPS – How to Make Better Decisions [100 min. 2 CPE]
“A trusted advisor is one of the first people you turn to when you have a decision to make, need feedback, or just need an honest appraisal of a situation. It is someone with whom you can freely share information; someone who can help you analyse the current situation; someone who will be honest; and someone who will provide valuable, critical, and constructive advice in times of need” (Mike Jacka, 2019). This workshop will help you improving your decisions. The model WRAP(S) will serve as guidance: Widen your options … Reality-Test your assumptions … Attain distance before deciding … Prepare to be wrong …

Value of Internal Audit [100 min. 2 CPE]
Building on the 2020 publication from Eulerich/Lenz we will discuss how internal auditors define, measure, and communicate the value of internal auditing.

Management Trainer

ARC Institute

The ARC Institute is a university spin-off. The ARC Institute focuses on networking between science and practice. The ARC Institute provides thought leadership and innovative methods
to support its customers across all industries in digital transformation. The ARC Institute is the innovation and premium holding brand.
The Audit Research Center as part of the ARC Institute supports audit departments globally and especially national IIA associations with yearly 1.800+ training days and transformation services along an audit knowledge value chain.

Dr. Rainer Lenz

Dr. Rainer Lenz CIA, QIAL, CIIA
Audit Excecutive Mentor | ARC Institute

Dr Rainer Lenz is a seasoned financial and audit executive with 30 years of international experience in global organizations. He had CFO-type of roles in the first part of his professional career. Since 2007, Rainer has been working as Chief Audit Executive. He has a PhD in Economics and Management Science from the Louvain School of Management in Belgium. Mr Lenz has published a series of articles about internal auditing in peer-reviewed journals. He has earned several awards for his thought leadership, including the Larry Sawyer Research Foundation Project of the Year Award (2012), the national Award from the German chapter of the IIA (DIIR Förderpreis, 2013), and Audit Innovation Awards from the Audit Research Centre in Germany (2013 and 2017). Mr Lenz is a Certified International Investment Analyst (CIIA, CEFA) and a Certified Internal Auditor (CIA). He was named one of the “Top 10 Internal Audit Thought Leaders of the Decade”, and again of 2020 and of 2021 (nominated by the past President and CEO of the global IIA, Richard Chambers).

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Execution dates

+ Tue. 31. May 2022: 14:00 – 15:45 CET
+ Thu. 02. June 2022: 14:00 – 15:45 CET
+ Tue. 07. June 2022: 14:00 – 15:45 CET
+ Thu. 09. June 2022: 14:00 – 15:45 CET
[8 CPE ~ IIA Standards]

Conditions and Price

The participation (all four parts) costs a total of 290,- Euro according to preferential conditions. For all international countries we do not charge VAT in B2B based on reverse tax charge procedures. After receipt of your registration you will receive a confirmation of registration and a separate email invoice and login. Please pay the registration fee directly. You will receive a separate invoice by email. The price includes the participation in the lectures of the booked event and seminar documents.

You can cancel up to one week before the event free of charge. Thereafter or if the participant fails to attend, we will charge the entire participation fee. Of course it is possible to change the registered participant.

Didactics | Methodology

Virtual Training Series MS Teams/ ZOOM: Interactive lecture, discussion, practical example, case studies, reflection