Comprehensive Auditing Techniques for Internal Auditors

Comprehensive Auditing Techniques for Internal Auditors is designed to equip internal auditors with the knowledge, skills, and techniques necessary to conduct thorough and effective audits within their organizations. This course covers a wide range of topics, including audit planning, risk assessment, evidence gathering, audit testing, and reporting, to ensure participants are well-prepared to perform their roles with confidence and proficiency.

Course Objectives:
• Understand the role and responsibilities of internal auditors in organizational governance, risk management, and control.
• Learn to effectively plan and execute audit engagements using industry-standard methodologies and techniques.
• Develop proficiency in risk assessment and identification of key audit areas.
• Master techniques for gathering, analyzing, and documenting audit evidence.
• Gain practical experience in conducting audit tests and evaluating control effectiveness.
• Enhance communication skills for preparing clear and concise audit reports and communicating findings to stakeholders.

Course Outline:
Introduction to Internal Auditing
• Role and importance of internal auditing in organizational governance
• Overview of internal audit standards, frameworks, and methodologies
• Ethical considerations and professional standards for internal auditors
Audit Planning and Risk Assessment
• Principles of audit planning, including scoping, objectives, and risk assessment
• Identifying and prioritizing key audit areas based on risk assessment
• Developing audit programs and testing strategies for effective audit coverage
Evidence Gathering and Documentation
• Techniques for gathering audit evidence, including interviews, observation, and documentation review
• Documenting audit procedures, findings, and conclusions in working papers
• Maintaining audit documentation in compliance with professional standards
Audit Testing and Sampling
• Types of audit tests, including substantive testing and tests of controls
• Sampling techniques for selecting representative samples for testing
• Evaluating sample results and drawing conclusions based on audit evidence
Control Evaluation and Reporting
• Assessing control design and operating effectiveness
• Communicating audit findings and recommendations to management
• Drafting clear and concise audit reports for stakeholders’ review and action
Professional Communication and Stakeholder Engagement
• Effective communication techniques for interacting with audit clients and stakeholders
• Building and maintaining positive relationships with management and other stakeholders
• Presenting audit findings and recommendations professionally and persuasively
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: 4th – 7th Mar,2025
2ND BATCH: 26th – 29th Aug,2025