An intensive professional development training course on
Fundamentals of Internal Auditing
A Comprehensive Overview of the Internal Audit Profession
Why Choose Fundamentals of Internal Auditing Training Course?
This Fundamentals of Internal Auditing training course is cleverly designed in a way to enable full recognition and assimilation of the main International Professional Practices Framework, tools and processes of Internal Audit function. It aims at educating and coaching the fundamental components of Internal Audit occupation from all aspects and its know-how.
This 5-day Fundamentals of Internal Auditing training course gives you up-to-date perceptions into the domain of not only internal auditing but also risk management, corporate governance and interrelated activities in any industry.
Accordingly, it will cover Corporate Governance, Enterprise Risk Management, Risk-based Auditing Approach and Risk-based Compliance function to fully understand the whole process and learn how to achieve full cooperation among these governance functions and improve the CG process and harmony within the organization.
This Fundamentals of Internal Auditing training course will feature:
- Governance; What is it about? Benefits, Obstacles and Key Principles of Good Governance
- Internal Audit New Approach “Risk-based Audit” as well as Compliance New Approach “Risk-based Compliance”
- Understanding organizational risks, risk appetite and risk tolerance and how to incorporate this into internal audit planning and to embed Risk Management into the Internal Audit Culture
- Managing the relationship among Internal auditing, Risk Management & Compliance functions
- Improve alignment of Internal Audit to mission, vision and values of the organization
What are the Goals?
By the end of This Fundamentals of Internal Auditing training course, participants will be able to:
- Comprehend and foster their audit skills and knowledge, assimilating the fundamentals of the audit role so they can carry out their audit assignments and report it in a highly professional manner
- Learn how to assess the Governance aspects of the control environment in each audit assignment
- Learn how to develop skills and knowledge in relation to the advanced risk-based internal auditing to effectively carry out the audit duties proficiently and report it in a highly professional style to management
- Improve performance and accountability in the internal audit function as well as acquire more knowledge on neighbor control departments such as Compliance
- Understand fundamental concepts of Governance and how to implement it practically to reduce the financial risk while achieving the organization’s goals
The Course Content
- Corporate Governance; Definition, Concept, Rules, Principles
- What are the obstacles and barriers to implement effective governance?
- The Risk, Compliance & Internal Audit Triangle
- Role of Audit Committee in checking audit notes (internal/external) among Board’s important committees’ roles and responsibilities
- Using internal and external audit standards to audit Governance activities
- Key components, practices and activities to audit processes and relations by which corporations are controlled and governed
- Definition and objectives of internal audit with understanding of Internal Audit Methodology
- Auditors Tools, Techniques, roles and responsibilities
- Report results of the audit via Field Memorandum
- The transition from system-based to risk-based internal auditing
- Risk-Based Audit Approach and Risk-Based Audit Methodology
- How and why audit units move into risk-based audit programs
- Developing risk-based audit plan
- Preparation of a clear plan to be approved by Audit Committee
- Efficiency in the non-recurrence of Audit Notes
- Identification and classification of audit risk
- Writing Audit Report; how to impress reader and how to address challenges
- How to structure effective audit report
- Fundamental Concepts of Enterprise Risk Management
- Identifying different types of Risk Taxonomies
- Risk Control Self-Assessment (RCSA)
- What is operational risk management framework?
- Definition and objectives of internal controls; roles and responsibilities
- Latest trend in Auditing: Auditing the Control Environment
- What is risk-based Compliance?
- What are the roles and responsibilities of the Compliance Head?
- International Standards for Anti-Money Laundering / Combatting Terrorism Financing (AML/CTF)
- Money Laundering Threats and Methods
- Terrorist Financing Threats and Methods
- International Case Study: HSBC in USA and Mexico - Case Study on Money Laundering Threats and Methods
Certificate and Accreditation
- AZTech Certificate of Completion for delegates who attend and complete the training course
How Aztech Saudi Can Enhance Your Professional Career
At Aztech Saudi, we believe that professional development is the foundation of long-term career success. This training course is expertly designed to equip individuals with practical skills, forward-thinking strategies, and the confidence to navigate today’s dynamic work environments. Each course is delivered by subject matter specialists with extensive industry experience, ensuring that every learning experience is relevant, impactful, and aligned with real-world challenges. Whether you're looking to strengthen your technical expertise, enhance leadership abilities, or stay ahead of industry trends, Aztech Saudi provides the tools you need to elevate your performance and deliver measurable value to your organization.
Our training is more than just knowledge transfer—it’s a catalyst for career transformation. By participating in our courses, professionals gain a competitive advantage in their fields, improve their decision-making capabilities, and position themselves for new opportunities and leadership roles. We take pride in supporting individuals across various sectors and career stages, helping them unlock their full potential through high-quality, globally benchmarked learning experiences. With Aztech Saudi as your development partner, you’re not only investing in education—you're investing in a stronger, more successful future.
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