Complete Course on Internal Auditing

OBJECTIVE
Upon completing this Excellence in Internal Auditing Course successfully, participants will be able to:
• Improve their knowledge of best practices in the audit industry
• Validate their proficiency and skills in audit
• Set the precedence for continued improvement and advancement
• Recognise and apply the International Standards for the Professional Practice of Internal Auditing
• Become a more competent professional who is knowledgeable in organizational governance

CONTENT
Foundations of Internal Auditing
• The IIA’s Mission of Internal Audit
• Definition of Internal Auditing
• The purpose, authority, and responsibility of the internal audit activity
• Requirements of an internal audit charter
• Components
• Board approval
• Communication of the charter
• Difference between assurance and consulting services
• Conformance with the IIA Code of Ethics

Independence and Objectivity
• Interpret organizational independence of the internal audit activity
• Importance of independence, functional reporting, etc.
• Identify whether the internal audit activity has any impairments to its independence
• Assess and maintain an individual internal auditor’s objectivity
• Analyse policies that promote objectivity

Proficiency and Due Professional Care
• Knowledge, skills, and competencies required
• Demonstrate the competencies to perform audit responsibilities
• Technical skills
• Soft skills
• Demonstrate due to professional care
• Continuous professional development

Quality Assurance and Improvement Program
• Elements of the quality assurance and improvement program
• Internal assessments
• External assessments
• Reporting the results of the quality assurance and improvement program
• Identify appropriate disclosure of conformance vs. nonconformance
• The IIA’s International Standards for the Professional Practice of Internal Auditing

Governance, Risk Management, and Control
• The concept of organisational governance
• The impact of organizational culture on the overall control environment
• Interpret the organization’s ethics and compliance-related issues
• Alleged violations
• Dispositions
• Describe corporate social responsibility
• Interpret fundamental concepts of risk and the risk management pro

cess
• Examine the effectiveness of risk management within processes and functions
• Recognize the appropriateness of the internal audit activity’s role in the organization’s risk management process
• Interpret internal control concepts and types of controls
• Apply globally accepted internal control frameworks appropriate to the organization (COSO, etc.)
• Examine the effectiveness and efficiency of internal controls

Fraud Risks
• Interpret fraud risks and types of frauds and determine whether fraud risks require special consideration when conducting an engagement
• Evaluate the potential for the occurrence of fraud (red flags, etc.) and how the organization detects and manages fraud risks
• Recommend controls to prevent and detect fraud and education to improve the organization’s fraud awareness
• Recognize techniques and internal audit roles related to forensic auditing

FOR WHOM:
Corporate Internal Auditors, IT Managers and Other Managers/Officials who perform related functions in both 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: 8th – 11th Apr, 2025
2ND BATCH: 21st – 24th Oct,2025