This course begins with a look at proposed standard changes of the International Internal Auditing Standards Board, including new standard 1112: Chief Audit Executive Roles Beyond Internal Auditing. Current IIASB standards will be clarrified. Cyber-security issues follow, including high risk threats, what a Board should know about them, and if internal controls are effective. Next is operational auditing as a tool for process improvement, notably methodology, best practices versus internal controls, and performance measurement. The roles and responsibilities of the Audit Committee and the auditor will be discussed and how audit findings can be streamlined to avoid information overload. Internal fraud red flags are examined, including the frequency and cost of internal fraud to organizationsand how it can be identified and deterred. Finally, key aspects of the AICPA Code of Professional Conduct and the IIA Code of Ethics for auditors, common ethical dilemmas, and continuing education compliance.