Modern International Standards of Fundamentals Internal Audit Function Course

Introduction to Internal Audit Fundamentals

• Overview of Internal Audit: Purpose, objectives, and value to organizations.
• Key Principles: Independence, objectivity, and professional skepticism.
• Stakeholders: Audit committees, management, internal auditors, and regulators.

International Standards for the Internal Audit Function

• IIA Standards: Core principles, attribute standards, and performance standards.
• Compliance and Governance Frameworks: ISO 19011, COSO, and risk-based auditing approaches.
• Audit Charter and Policies: Defining scope, authority, and responsibilities.

Planning and Risk Assessment

• Risk-Based Audit Planning: Identifying high-risk areas and audit priorities.
• Audit Planning Techniques: Setting objectives, scope, and resource allocation.
• Materiality and Impact Assessment: Evaluating significance and potential organizational impact.

Executing the Internal Audit

• Audit Fieldwork: Sampling, evidence collection, and testing controls.
• Audit Techniques: Interviews, document review, and analytical procedures.
• Documentation and Working Papers: Ensuring accuracy, completeness, and traceability.

Audit Reporting and Follow-Up

• Audit Reporting: Structuring reports, presenting findings, and recommendations.
• Stakeholder Communication: Effective engagement with management and boards.
• Follow-Up Procedures: Monitoring corrective actions and ensuring improvements.

Quality Assurance and Improvement Program (QAIP)

• Internal Audit Performance Evaluation: KPIs, benchmarking, and peer reviews.
• Continuous Improvement: Updating methodologies, processes, and skills.
• Emerging Trends: Digital audits, data analytics, and integrated risk management.

1ST BATCH: Tuesday, March 24, 2026 — Friday, March 27, 2026.

2ND BATCH: Tuesday, July 14, 2026 — Friday, July 17, 2026.

3RD BATCH: Tuesday, November 10, 2026 — Friday, November 13, 2026.

The training methodology integrates lectures, interactive discussions, collaborative group exercises, and
illustrative examples. Participants will acquire a blend of theoretical insights and hands-on practical
experience, emphasizing the application of learned techniques. This approach ensures that attendees return
to their professional environments equipped with both the competence and self-assurance to effectively
implement the acquired skills in their responsibilities.