Fundamentals of Internal Auditing

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

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

This Fundamentals of Internal Auditing training course is designed for those with an interest in the internal audit and other control roles within corporate governance environment. It targets all sectors employees involved in the process of internal auditing and internal control departments.

This Fundamentals of Internal Auditing training course is suitable to a wide range of professionals but will greatly benefit:

• Audit managers
• Risk Managers
• Compliance Officers
• Operational risk managers
• Internal Control Middle level management
• Managers and Officers involved in the process of Governance Departments
• CFO’s

This Fundamentals of Internal Auditing training course will utilise a variety of proven adult learning techniques to ensure maximum understanding, comprehension and retention of the information presented. This includes group discussions, facilitated case studies, presentations and team-based exercises. It will also include case examples of situations in which the instructor has been personally involved. A variety of training methods to reach the participants will be applied in a diverse manner.  A number of methods will include brainstorming, lecturing, exercises, group discussion and sharing experiences.