Essentials of Internal Audit

“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.

TRAINING METHODOLOGY

The training methodology combines lectures, discussions, group exercises and illustrations. Participants will gain both theoretical and practical knowledge of the topics. The emphasis is on the practical application of the topics and as a result participant will go back to the workplace with both the ability and the confidence to apply the techniques learned to their duties.