Audit Planning and Monitoring: Best Practice

- Understand the business: external environment, framework of authorities, overall control environment, accounting and internal control systems;

- Assess material risks: to ensure that the audit concentrates on important issues

- Design audit procedures: based on risk areas and assurance on controls

- Perform audit procedures

CONTENT

• Audit Objectives and Scope 
• Audit Objectives 
• Audit Scope 
• Approach and Methodology
• Audit Findings and Recommendations 
• Management Framework 
• Development of Annual Budgets 
• Resource Allocation 
• Financial monitoring 
• Objectives and Criteria 
• Management Action Plan

FOR WHOM:

All Internal Auditors 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.