The role of internal audit has become a crucial feature in
most
organisations around the world. Its activities cover a broad
spectrum
ranging from a companies financial standing to its compliance,
assurance
and consulting requirements. This course provides a wide-ranging
introduction to the internal audit role, purpose and practice
and is
designed for those whose career is beginning with internal audit
for the
first time or for managers and audit committee members who require
an
entry-level introduction to the methodology of internal audit.
Programme
THE INTERNAL AUDIT ROLE
• How do we define the role of internal audit
• The importance and tensions of independence and objectivity
• Governance, risk and control
• The added value concept
• The assurance and consulting roles
PLANNING AND CONTROL OF THE AUDIT
• Auditing standards
• Terms of reference
• The audit research and plan
• Maintaining and producing audit documentation
THE AUDIT PROCESS FROM START TO FINISH
• The ‘Audit Whitehouse’ an overview
• Fact finding techniques
• Testing and ensuring validity
• Recording of Information
• Writing the audit report
• The follow up and managing the response
WHO SHOULD ATTEND
Managers, supervisors, graduate trainees, new recruits to internal
audit,
audit committee members – anyone with a vested interest
in the workings
of internal audit or are likely to be audited by internal auditors.
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