Course Detail(IA001 : Internal Auditing Fundamentals - Risk Assessment)

SDF Funding, SkillsFuture Credit, UTAP Funding

IA001 : Internal Auditing Fundamentals - Risk Assessment

14.00 CPE Hours (Others)
Classroom

In view of the COVID-19 situation, selected ISCA’s CPE courses/sessions will be delivered via Live Webinar. Please do check the details before confirming your registration for the course/session.

Programme Objective

This programme aims to equip participants with the knowledge and an understanding of basic auditing skills. With this programme, new auditors, as well as managers with internal control responsibilities, can learn about the internal audit process and procedures from beginning to end. Through group exercises, discussion, and presentation, participants will be able to appreciate the key process that will allow them to properly prepare for and conduct a successful audit, using preliminary surveys and evidence-gathering techniques.

At the end of the training programme, each participant should be able to:

  • Make an objective assessment of adequacy and effectiveness of internal controls within an organisation
  • Give advice on how Internal Control system could be improved
  • Help non-financial managers review operational controls
  • Assess business risk and design/implement procedures
  • Engage in a risk-based audit approach, from planning through process documentation to testing, analysis, and reporting
  • Become familiar with the scope and application of the Professional Practices Framework of internal auditing
  • Learn how to communicate and report on key issues arising from the internal audit

Programme Outline

  • Introduction to Internal Auditing
  • Risk Assessment and Risk Management
  • Internal Audit Planning
  • Interviewing Techniques
  • Process Documentation
  • Internal Audit Programs
  • Testing of Systems
  • Reporting of Audit Findings to the Management Team
  • Presentation of the Internal Audit Report to Audit Committee


Training Methodology
Lecture style, with Exercises/Case Studies
 
Closing Date for Registration
1 week before programme or until full enrolment

Intended For

An Intermediate level programme intended for Audit and Accounting professionals in business organisations and for CPA firms who are keen to learn about the Internal Auditing processes.

Competency Mapping

Others = 14.00 Hours

Schedule & Fees

Date & Time

18 Mar 2021 (9:00 AM - 5:00 PM)
19 Mar 2021 (9:00 AM - 5:00 PM)

Fee (inclusive of GST)

For Members: $ 652.70
For Non-Members: $ 783.24

Programme Facilitator(s)

Kelvin Tan

Venue

60 Cecil Street
ISCA House
Singapore 049709

Date & Time

09 Nov 2020 (9:00 AM - 5:00 PM)
10 Nov 2020 (9:00 AM - 5:00 PM)

Registration is closed

Programme Facilitator(s)

Kelvin Tan

Date & Time

12 Nov 2019 (9:00 AM - 5:00 PM)
13 Nov 2019 (9:00 AM - 5:00 PM)

Registration is closed

Programme Facilitator(s)

Kelvin Tan

Date & Time

13 Nov 2018 (9:00 AM - 5:00 PM)
14 Nov 2018 (9:00 AM - 5:00 PM)

Registration is closed

Programme Facilitator(s)

Kelvin Tan

Testimonial

Funding

1] SkillsFuture Credit (SFC)
Funding Period: Until 22 Oct 2021
Course Reference Number: TGS-2020501920

All Singaporeans aged 25 and above will receive an opening credit of S$500 from the government. You may wish to use your SFC to pay for partial/full ISCA course fees. 

On 1 Oct 2020, the Government provided a one-off SkillsFuture Credit Top-up of $500 for all eligible Singaporeans aged 25 or above by 31 Dec 2020. Singaporeans aged 40 to 60 by 31 Dec 2020 will also receive an Additional SkillsFuture Credit (Mid-Career Support) of $500 which can be used for courses under: (i) SGUnited Skills Programme, (ii) SGUnited Mid-Career Pathways Programme – Company Training, and (iii) Career Transition Programmes. This additional SFC (Mid-Career Support) is NOT applicable for use on ISCA courses. (For more information on the SFC scheme, please visit http://www.skillsfuture.sg/credit)

If you wish to enrol for the course with SFC Funding, please proceed with the following steps:

Failure to submit claim application and obtain necessary approval before the course start date will result in topping up of the SFC indicated for use. Please note that there will be an administrative fee of $42.80 for any revision of invoice.


2] WDA Training Grant - SDF Funding
This course is approved for SDF funding ($2 per training hour) for Company-sponsored participants only (Eligibility criteria apply). 

Funding Period: Until 22 Oct 2021
Funded Hours: 14 hours
Course Reference Number: TGS-2020501920

If you wish to enrol participants with SDF Funding, please proceed with the following steps (For Corporate enrolments only) :

  • Step 1: Register for the course online via ISCA Portal. Upon adding to cart, the system will prompt a question “Do you wish to apply for WDA Funding?”, click Yes and input all required information. At the Cart page, please ensure that SDF funding is applied before clicking “Checkout”.
     

 

For course run start date before 1 Nov 2020, submit training grant application in SCN until 30 Nov 2020.

For course run start date on or after 1 Nov 2020, Enterprises/employers are NOT required to log into TPGateway/SCN to submit training grant.

Remarks

Step 2: After receiving email that the programme status is confirmed, please proceed to submit the Training Grant application via SkillsConnect Portal (https://www.skillsconnect.gov.sg/).

Employers of company-sponsored participants must submit training grant via SkillsConnect to obtain training grant for course fees. You may submit the Training Grant application within the period from 30 days before the course start date to 30 days after course start date.

The employee’s enrolment, attendance and assessment recordswill be submitted by ISCA onto TPGateway.


Please note that there will be an administrative fee of $42.80 for any revision of invoice.

Eligibility Criteria:

  • Company must be registered or incorporated in Singapore and;
  • Applicant is taking the course for the first time.
  • Applicant must be employed, and is either Singapore Citizen or Permanent Resident of Singapore and;
  • Applicant must achieve at least 75% attendance, and pass all examinations /assessments and;
  • Applicant must be fully sponsored by the Company for all costs associated with the training and;
  • Payment has to be made via corporate means (e.g. corporate cheque, corporate GIRO, corporate credit card).

3] NTUC Union Training Assistance Programme (UTAP)
UTAP (Union Training Assistance Programme) is an individual skills upgrading account for NTUC members.

NTUC members enjoy 50% *unfunded course fee support for up to $250 each year when you sign up for courses supported under UTAP. NTUC members aged 40 and above can enjoy higher funding support up to $500 per individual each year, capped at 50% of unfunded course fees, for courses attended between 1 July 2020 to 31 December 2022. *This excludes miscellaneous fees such as GST and registration fee etc.
 
This course is approved for UTAP support for intakes conducted between 01 April 2020 – 31 March 2021.
 
As UTAP is given on calendar year basis, and calculated based on year of training taken, it cannot be accumulated.

  • Maintained paid-up NTUC membership before course, throughout course duration and at the point of claim and;
  • Course by training provider must be supported under UTAP and training must commence within the supported period and;
  • Unfunded course fee must not be fully sponsored by company or other types of funding
  • Unfunded course fee must be S$20.00 and above, and;
  • Member must achieve a minimum of 75% attendance for each application and sat for all prescribed examination(s), if any and;
  • UTAP application must be made within 6 months after course ends.

To submit for UTAP claims, please visit http://skillsupgrade.ntuc.org.sg/. Terms and conditions apply.
Should you have queries on the funding scheme, you can email to UTAP@e2i.com.sg or call NTUC Membership Hotline at 6213-8008

Programme Facilitator(s)


Kelvin Tan
CPA Singapore, MIIA, MBA

 
Kelvin has more than 20 years of post-graduate experience in audit, accounting, management consultancy and corporate training. He has been involved in a number of large scale consultancy to local and overseas companies in the review and documentation of processes, procedures and internal controls in business, administrative and financial policies and procedures of various companies of which some are PRC based companies listed on SGX. He has conducted various corporate training programmes in accounting and finance with various organizations in Singapore, Malaysia, Thailand, Vietnam, Hong Kong and China since 1994. He graduated with a Master of Business Administration from the University of Hull and is a non- practising member of Institute of Singapore Chartered Accountants and an ordinary member of The Institute of Internal Auditors, Singapore.

In view of the COVID-19 situation, selected ISCA’s CPE courses/sessions will be delivered via Live Webinar. Please do check the details before confirming your registration for the course/session.

Programme Objective

This programme aims to equip participants with the knowledge and an understanding of basic auditing skills. With this programme, new auditors, as well as managers with internal control responsibilities, can learn about the internal audit process and procedures from beginning to end. Through group exercises, discussion, and presentation, participants will be able to appreciate the key process that will allow them to properly prepare for and conduct a successful audit, using preliminary surveys and evidence-gathering techniques.

At the end of the training programme, each participant should be able to:

  • Make an objective assessment of adequacy and effectiveness of internal controls within an organisation
  • Give advice on how Internal Control system could be improved
  • Help non-financial managers review operational controls
  • Assess business risk and design/implement procedures
  • Engage in a risk-based audit approach, from planning through process documentation to testing, analysis, and reporting
  • Become familiar with the scope and application of the Professional Practices Framework of internal auditing
  • Learn how to communicate and report on key issues arising from the internal audit

Programme Outline

  • Introduction to Internal Auditing
  • Risk Assessment and Risk Management
  • Internal Audit Planning
  • Interviewing Techniques
  • Process Documentation
  • Internal Audit Programs
  • Testing of Systems
  • Reporting of Audit Findings to the Management Team
  • Presentation of the Internal Audit Report to Audit Committee


Training Methodology
Lecture style, with Exercises/Case Studies
 
Closing Date for Registration
1 week before programme or until full enrolment

Intended For

An Intermediate level programme intended for Audit and Accounting professionals in business organisations and for CPA firms who are keen to learn about the Internal Auditing processes.

Competency Mapping

Others = 14.00 Hours

Programme Facilitator(s)

Kelvin Tan
CPA Singapore, MIIA, MBA

 
Kelvin has more than 20 years of post-graduate experience in audit, accounting, management consultancy and corporate training. He has been involved in a number of large scale consultancy to local and overseas companies in the review and documentation of processes, procedures and internal controls in business, administrative and financial policies and procedures of various companies of which some are PRC based companies listed on SGX. He has conducted various corporate training programmes in accounting and finance with various organizations in Singapore, Malaysia, Thailand, Vietnam, Hong Kong and China since 1994. He graduated with a Master of Business Administration from the University of Hull and is a non- practising member of Institute of Singapore Chartered Accountants and an ordinary member of The Institute of Internal Auditors, Singapore.

Upcoming Schedule

Date & Time

18 Mar 2021 (9:00 AM - 5:00 PM)
19 Mar 2021 (9:00 AM - 5:00 PM)

Fee (inclusive of GST)

For Members: $ 652.70
For Non-Members: $ 783.24

Programme Facilitator(s)

Kelvin Tan

Venue

60 Cecil Street
ISCA House
Singapore 049709