Essentials of Internal Audit Course

OBJECTIVE
“Essentials of Internal Audit” guides internal auditors through the required standards for performing the internal audit. It covers up-to-date tips and tools to accomplish the audit in an efficient, flexible and results-based manner in order to support the organization strategic objectives, improve its sustainability and leverage its ability to face future challenges.

CONTENTS
* Overview of Internal Audit
– Defining Internal Audit
– Internal Audit Function
– Staffing the Internal Audit Function
– Role of Audit Committee

* Internal Audit Standards
– Attribute Standards
– Performance Standards

* Types of Internal Auditing
– Performance Auditing
– Operational Auditing
– Financial Auditing
– Compliance Auditing

* Internal Audit Implementation
– Information Gathered by Internal Auditors
– Internal Audit Working Papers
– Types of Engagement Procedures
– Communicating Field work results and Recommendations

* The Fieldwork Application
– Risk Assessment Process
– Identifying Entity Level Control to Mitigate Risks
– Testing of Internal Controls
– Tips and Tools for Audit

* Fraud
– Definition and Characteristics of Fraud
– Internal Auditor’s Role in a Fraud Case

FOR WHOM:
All Internal Auditors, Supervisors, Audit Managers and all other financial professionals who perform related functions 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: 28th – 31st Jan,2025
2ND BATCH: 1st – 4th July,2025