Advanced Techniques in Modern Internal Auditing

Advanced Techniques in Modern Internal Auditing is a comprehensive program designed to equip internal auditors with the latest tools, methodologies, and best practices in the field. This course covers advanced topics such as risk assessment, fraud detection, data analytics, and emerging trends in internal auditing to enhance effectiveness and efficiency in audit processes.

Course Objectives:
• Understand the role and importance of modern internal auditing in organizational governance and risk management.
• Develop advanced skills in risk assessment techniques, including identifying, assessing, and mitigating risks.
• Learn advanced methods for fraud detection, investigation, and prevention.
• Master the use of data analytics tools and techniques to enhance audit effectiveness and efficiency.
• Stay updated on emerging trends, regulations, and technologies shaping the future of internal auditing.
• Gain practical insights and case studies to apply advanced auditing techniques in real-world scenarios.
Course Outline:
Role of Internal Auditing in Organizational Governance
• Overview of internal audit functions and responsibilities
• Understanding the importance of internal controls and risk management
• Role of internal auditors in ensuring compliance with regulatory requirements and industry standards
Advanced Risk Assessment Techniques
• Principles of risk management and assessment methodologies
• Advanced risk identification techniques, including scenario analysis and trend analysis
• Developing risk mitigation strategies and action plans
Advanced Fraud Detection and Prevention
• Understanding the psychology of fraud and common fraud schemes
• Advanced techniques for detecting and investigating fraud
• Implementing fraud prevention measures and internal controls
Data Analytics in Internal Auditing
• Introduction to data analytics and its applications in internal auditing
• Data extraction, analysis, and visualization techniques
• Using data analytics tools to identify trends, anomalies, and areas of risk
Emerging Trends in Internal Auditing
• Overview of current and emerging trends in internal auditing
• Impact of technology, globalization, and regulatory changes on internal audit practices
• Strategies for staying ahead of the curve and adapting to evolving audit environment

FOR WHOM: Internal Auditors desirous of adopting modern internal auditing techniques in their workplace.
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: 11th – 14th Feb,2025
2ND BATCH: 15th – 18th July,2025