Advanced Internal Audit and Risk Assurance Course

The Advanced Internal Audit and Risk Assurance Course is designed to equip experienced internal auditors and risk assurance professionals with advanced skills and knowledge to effectively navigate complex audit environments. This course delves into advanced audit methodologies, risk assessment techniques, governance frameworks, and emerging trends in internal auditing and risk management.

Course Objectives

• Enhance understanding of advanced internal audit concepts, standards, and methodologies.
• Develop proficiency in risk assessment, including identifying and evaluating emerging risks.
• Strengthen skills in conducting complex audit engagements and evaluating internal controls.
• Explore strategies for integrating data analytics and technology into audit processes.
• Gain insights into emerging trends and best practices in internal auditing and risk assurance.
• Apply advanced audit and risk management techniques to real-world scenarios through case studies and simulations.

Course Outline:
Advanced Internal Audit Concepts and Standards
• Overview of advanced internal audit concepts, including risk-based auditing and governance frameworks
• Understanding international standards for the professional practice of internal auditing (IPPF)
• Implementing advanced audit methodologies and techniques for complex audit engagements
Risk Assessment and Management
• Advanced risk assessment techniques, including scenario analysis and predictive modeling
• Identifying and evaluating emerging risks and their potential impact on organizational objectives
• Strategies for integrating risk management into audit planning and execution
Complex Audit Engagements
• Conducting audits of complex business processes, systems, and transactions
• Evaluating internal controls effectiveness and identifying control deficiencies
• Communicating audit findings and recommendations to key stakeholders
Data Analytics and Technology in Audit
• Leveraging data analytics tools and techniques for audit planning, testing, and reporting
• Utilizing technology-driven audit approaches, including continuous monitoring and auditing
• Addressing data privacy, security, and ethical considerations in audit data analytics
Emerging Trends in Internal Audit and Risk Assurance
• Exploring emerging trends and challenges in internal auditing and risk management
• Best practices for enhancing internal audit effectiveness and adding value to the organization
• Strategies for staying abreast of regulatory changes and industry developments

FOR WHOM:
All Internal Auditors in the Public and Private Sectors.
METHODOLOGY
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.
DATE:
1ST BATCH: 14th – 17th May, 2024
2ND BATCH: 29th Oct – 1st Nov, 2024