Effective Internal Auditing Practice

DURATION

5 days

DATE

20 – 24 March 03 – 07 July     02 – 06 Oct      18 – 22 Dec 2024

FEE

£4500

LOCATION

The Business Xchange Hub, Marco Polo House
3-5 Lansdowne Road, Croydon, Surrey, CR0 2BX United Kingdom

Course Objective:

As a result of emerging corporate governance requirements the profile of internal audit has reached an all-time high. If you are about to become involved in internal audit you need to be familiar with the fundamental requirements of the role.

This practical course will guide you through the principles and techniques of internal auditing to help you plan and perform audit work in line with the latest standards and best practice.

Who should attend

New entrants to internal audit and those who have limited experience, as well as anyone returning to the function and in need of a refresher

This course can also be taken in

Accra: 11 – 15 March 26 – 30 June    25 – 29 Sept     18 – 22 Dec 2024

Dubai: 12 – 16 March 03 – 07 June    12 – 16 August 14 – 18 Oct 2024   

Texas: On Request

Course Content

Upon completion you will be able to:

  • Understand the organisation, planning and control of internal auditing
  • Relate to the current philosophy and practice
  • Realise and manage the behavioural implications of internal auditing

The challenging world of internal audit

  • The purpose, potential and change
  • Principles of internal audit
  • Current International Standards for the Professional Practice of Internal Auditing. 

Internal audit relationships

  • Management expectations
  • Image of internal audit
  • Behavioural reactions
  • Building relationships
  • External audit. 

Fraud and the internal auditor

  • What is fraud?
  • Why involve internal audit? 
  • Police implications 
  • Fraud investigations. 

Risk management, corporate governance and control evaluation

  • Definitions 
  • Internal control and COSO 
  • Systems, risk and control objectives 
  • Types of controls 
  • Evaluation techniques and documentation.  

Interviewing techniques

  • Types of interview
  • Essential features
  • Use of questions
  • Body language
    • Note taking

    Testing, sampling and working papers

    • Problems for internal auditors 
    • Effects on auditees 
    • A testing framework 
    • Evidence 
    • A working paper strategy.  

    Testing, sampling and working papers

    • Problems for internal auditors 
    • Effects on auditees 
    • A testing framework 
    • Evidence 
    • A working paper strategy.  

    Book this course

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