Mastering, Improving and Monitoring the Internal Audit Function

Mastering, Improving and Monitoring the Internal Audit Function
OBJECTIVES
• Evaluate the effectiveness of the existing internal audit function
• Recommend improvements to the existing audit function
• Monitor the effectiveness of policies, procedures and financial transactions to international standards
• Understand audit risk and efficiently plan, control and record an audit assignment
• Understand the role and function of an Internal Audit Department.
• Conduct post-audit reviews and compile internal control updates for Boards of Directors

CONTENT
• Mastering an Internal Audit Department
• Identifying Internal Audit Staffing Requirements and the Techniques for Ensuring the Credibility for the Internal Audit Team
• The Evaluation of different Types of Audit (Operational; Financial; Compliance; Forensic; IT etc)
• Planning and conducting the Audit Commencement Conference Meeting, Audit Exit Conference Meeting and Post-Audit Reviews
• Efficient Planning, Controlling and Recording of an Audit
• Developing Streamlined Processes for Conducting Internal Audit Examinations
• Evaluating and implementing Control and Substantive Procedures
• Review International Auditing Standards and General Auditing Practice Issues
• Accumulating Relevant Documentation during the Internal Audit Process
• Communicating Audit Findings and Suggestions for Areas of Improvement

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: 2nd – 4th Apr,2025
2ND BATCH: 14th – 17th Oct ,2025