Programme Objective
This course is designed to provide participants with a comprehensive understanding of the art of internal audit and the strategies for enhancing organizational efficiency and accountability. The course will cover the key concepts, principles, and techniques of internal audit, and equip participants with the skills and knowledge necessary to conduct effective internal audits and enhance organizational performance.

At the end of the programme, participants will be able to:

• Understand the key concepts, principles, and techniques of internal audit
• Develop the skills and knowledge necessary to conduct effective internal audits
• Enhance organizational efficiency and accountability through effective internal audit practices
• Develop strategies for risk management, internal controls, and compliance
• Measure and evaluate organizational performance and identify opportunities for continuous improvement

Programme Outline

• Introduction to Internal Audit
  • The role of internal audit in organizations
  • The purpose and objectives of internal audit
  • The internal audit process
  • The importance of internal audit in enhancing organizational efficiency and accountability
• Internal Audit Standards and Best Practices
  • International Professional Practices Framework (IPPF)
  • Generally Accepted Auditing Standards (GAAS)
  • International Standards on Auditing (ISA)
  • Best practices for internal audit
• Risk Management and Internal Audit
  • Overview of risk management
  • Relationship between enterprise risk management and internal audit
  • Techniques for identifying and assessing risks
  • Developing effective risk management strategies
• Conducting Internal Audits
  • Planning and preparing for internal audits
  • Determining audit universe in the context or regulatory, governance and operating environments
  • Framework for audit planning (assets, liabilities, revenue and expenses)
  • Conducting fieldwork and collecting audit evidence
  • Analyzing and interpreting audit findings
  • Communicating audit results and recommendations
• Internal Audit Resources
  • People, processes and technology
  • Use of data analytics in internal audit
• Case Studies and Practical Applications
  • Case studies and practical exercises to reinforce concepts and skills learned in the course
    • Analysis and discussion of real-world internal audit scenarios and challenges
    • Group exercises and role-playing activities to enhance learning and engagement
    • Apply best practices and standards in internal audit to real-world scenarios and
      • challenges

Training Methodology

Lecture style with exercises, case studies and role play by participants.

Closing Date for Registration
1 week before programme or until full enrolment.

Intended For

External Auditors, Internal Auditors, Risk and Compliance and All Accounting Professionals with 1 year of experience.

Competency Mapping

Category 3 = 2.00 Hours
Others = 5.00 Hours

Programme Facilitator(s)