An intensive professional development training course on
Practical Approaches to
New Ways of Internal Auditing
Classroom Training
We currently have no scheduled session for this Finance & Accounting Training Course. If you are interested in running this course, please contact our Training Department at info@aztechtraining.com
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Brochure
Brochure
The Structure
This comprehensive training course consists of two modules which can be booked as a 10 Day Training event, or as individual, 5 Day training courses.
Module 1 - Developing, Improving and Monitoring the Internal Audit Function
Module 2 - Adding Value in Internal Audit
The Course Content
Module 1 - Developing, Improving and Monitoring the Internal Audit Function
Day One: Internal & External Auditing and the Role & International Standards of the Internal Audit Department
- Defining the Distinctions and Responsibilities between Internal and External Auditors
- Identifying the Internal Audit Staff Positions
- Identifying Internal Audit Staffing Requirements
- Techniques for Ensuring Credibility for the Internal Audit Team
- Developing the Audit Committee Charter for a Board of Directors
- Review of Statements on International Auditing Standards Update and General Auditing Practice Issues
Day Two: Examining & Understanding the Differences between Various Types of Audits, including Risk Factors
- Fraud and Forensic Audits
- Compliance Audits
- Operational Audits
- Information Systems Audits
- Financial Audits
- Risk Factors & Audit Risk Alerts
Day Three: The Audit Process, Programs and Planning & Commencing Internal Audit Examinations
- Developing Streamlined Processes for Conducting Internal Audit Examinations
- Identifying Effective Audit Programs for the Various Types of Audits
- Risk-Based IT Audit Procedures
- Key Considerations for your Internal Audit Plan
- 20 Questions Directors Should Ask about Internal Auditing
- The Audit Commencement Conference Meeting
Day Four: Fieldwork: Internal Audit Examinations, Controls & Documentation
- Evaluating Internal Controls & Substantive Procedures
- A Detailed Examination of the Budget Process & Budgetary Controls
- Planning & Conducting Audit Interviews
- Accumulating Relevant Documentation during the Internal Audit Process
- Professional Standards and Responsibilities Associated with Internal Auditing Documentation
- Sampling & Statistical Analysis to ensure a Representative Sample
Day Five: The Audit Exit Conference, Findings and Post Audit Review
- The Internal Audit Draft & Final Report: - Findings and Suggestions for Areas of Improvement
- Planning the Audit Exit Conference Meeting
- Distributing the Final Internal Audit Report within the Organization
- Client Survey
- Conducting Post-Audit Reviews/Follow Up Audit
- Improving Corporate Governance
Module 2 - Adding Value in Internal Audit
Day Six: Internal Audit Best Practice
- Ensure IA is seen as an agent for positive change
- Meeting the challenges of the new IIA standards
- The significant changes in the Internal Audit role
- The need to recognise audit risk
- Building a world class team
- Marketing the IA activities
Day Seven: The Value for Money (VFM) Approach
- What is VFM?
- The Power of VFM auditing
- The 3 E’s (Efficiency, economy and effectiveness)
- VFM audit techniques
- Performance measurement
- Case Studies
Day Eight: Adding Value by Focussing Audit Activities
- Focussing attention on the activities with potential to add value
- Auditing Third Party activities
- Outsourcing reviews
- Managing the added value audit process
- Continuous auditing
- Assurance Mapping
Day Nine: Corporate Governance – the Added Value Approach
- The key aspects of CG
- Auditing the key aspects of Corporate Governance
- Developing proactive Audit Committee relationships
- Auditing Corporate Social Responsibility and Ethics
- How to understand and exceed stakeholders’ expectations
- Auditing new areas such as Social Media
Day Ten: Auditing the More Complex Added Value Topics
- Information security
- Systems under development
- The web site and external communications
- IT projects
- Business Continuity Management
- Brand and reputation management
The Certificate
- AZTech Certificate of Completion for delegates who attend and complete the training course
