An intensive professional development training course on
Developing,
Improving & Monitoring
the Internal Audit Function
Optimising the Internal Audit Function and Integrating
with the Organisation's Strategic Objectives
Why Choose this Training Course?
Delegates attending the Developing, Improving & Monitoring the Internal Audit Function training course are motivated to enhance or establish their organization’s internal audit function. Building, refining, and overseeing a robust internal audit function is crucial for maintaining financial success, stability, and growth within a world-class organization.
An effective internal audit system offers essential verification and support, ensuring that accounting and financial policies, procedures, and controls are functioning properly. It establishes a comprehensive system of internal controls and procedures to safeguard the organization against fraud and ensure compliance with national and international regulations.
Moreover, a well-designed internal audit system not only mitigates risk but also enhances procedures, boosts efficiency, and increases profitability. This course will equip you with the knowledge and tools needed to develop a high-performing internal audit function that supports organizational integrity and success.
This AZTech training course will feature:
- The Role of Audit Staff and the International Standards of the Internal Audit Department required to establish an effective Internal Audit Department
- The different Types of Audit and the benefits to be obtained from each
- Efficient Planning, Controlling and Recording of an Audit Assignment
- Internal Audit Examinations, Controls & Documentation
- Planning and Conducting the Audit Exit Conference and Post Audit Review
What are the Goals?
By the end of this AZTech training course, participants will be able to:
- Understand the role and function of an Internal Audit Department and Staff
- Undertake various types of audit to effectively control and monitor policies, procedures and performance
- Evaluate the effectiveness of Internal Controls and Security Policies
- Understand audit risk and efficiently plan, control and record an audit assignment
- Conduct efficient Audit Exit Conferences and Post-Audit Reviews
Who is this Training Course for?
This AZTech training course is suitable to a wide range of professionals but will greatly benefit:
- Accounting and financial professionals and senior management that are presently or may interface with the daily functioning of an internal audit department
- Financial and non-financial professionals who may be appointed to support or interface with an Internal Audit Committee or that might review internal audit findings for Boards of Directors or investor/shareholder reports for other informational purposes
- Non-financial professionals that may need to coordinate other activities with an internal audit department and/or share findings, reports or information
How will this Training Course be Presented?
This training course will utilise a variety of proven adult learning techniques to ensure maximum understanding, comprehension and retention of the information presented. This AZTech training course is interactive and challenges one to think. The tutor will guide and facilitate learning, using direct input, discussions, case studies, exercises and video.
The Course Content
Day One: Internal & External Auditing and the Role & International Standards of the Internal Audit Department
- Defining the Distinctions and Responsibilities between Internal and External Auditors
- Identifying the Internal Audit Staff Positions
- Identifying Internal Audit Staffing Requirements
- Techniques for Ensuring Credibility for the Internal Audit Team
- Developing the Audit Committee Charter for a Board of Directors
- Review of Statements on International Auditing Standards Update and General Auditing Practice Issues
Day Two: Examining & Understanding the Differences between Various Types of Audits, including Risk Factors
- Fraud and Forensic Audits
- Compliance Audits
- Operational Audits
- Information Systems Audits
- Financial Audits
- Risk Factors & Audit Risk Alerts
Day Three: The Audit Process, Programs and Planning & Commencing Internal Audit Examinations
- Developing Streamlined Processes for Conducting Internal Audit Examinations
- Identifying Effective Audit Programs for the Various Types of Audits
- Risk-Based IT Audit Procedures
- Key Considerations for your Internal Audit Plan
- 20 Questions Directors Should Ask about Internal Auditing
- The Audit Commencement Conference Meeting
Day Four: Fieldwork: Internal Audit Examinations, Controls & Documentation
- Evaluating Internal Controls & Substantive Procedures
- A Detailed Examination of the Budget Process & Budgetary Controls
- Planning & Conducting Audit Interviews
- Accumulating Relevant Documentation during the Internal Audit Process
- Professional Standards and Responsibilities Associated with Internal Auditing Documentation
- Sampling & Statistical Analysis to ensure a Representative Sample
Day Five: The Audit Exit Conference, Findings and Post Audit Review
- The Internal Audit Draft & Final Report: - Findings and Suggestions for Areas of Improvement
- Planning the Audit Exit Conference Meeting
- Distributing the Final Internal Audit Report within the Organization
- Client Survey
- Conducting Post-Audit Reviews/Follow Up Audit
- Improving Corporate Governance
The Certificate
- AZTech Certificate of Completion for delegates who attend and complete the training course
In Partnership With
DO YOU WANT TOLEARN MORE ABOUT THIS COURSE?
© 2024. Material published by AZTech shown here is copyrighted. All rights reserved. Any unauthorized copying, distribution, use, dissemination, downloading, storing (in any medium), transmission, reproduction or reliance in whole or any part of this course outline is prohibited and will constitute an infringement of copyright.
