COURSE COVERAGE

Course Methodology

The course uses a mix of interactive techniques, such as brief presentations by the consultant, case studies, live demonstration of sampling methodologies and group exercises to apply the knowledge acquired throughout the course.

Course Objectives

By the end of the course, participants will be able to:

• Define internal audit, its scope and function within the company
• List the internal audit standards constituting the framework of the internal audit activity
• Distinguish the types of internal audit assignments related to operational, compliance or financial internal audit
• Describe the internal audit fieldwork guidelines and apply techniques for risk identification, controls identification and controls testing
• Select the appropriate internal audit test tools and list the advantages and disadvantages of each
• Identify best sampling techniques in an internal audit assignment in terms of sample size or sample selection
• Recognize fraud and express internal auditor’s responsibility upon fraud detection

Target Audience

Delegates with some experience in auditing, junior auditors or professionals from finance or other departments looking to develop a focused and best practices approach and techniques to the internal audit function, supervisors and managers who are interested in updating, upgrading, and refreshing their knowledge in internal audit.

Target Competencies

• Risk based audit planning
• Evaluating an internal audit function
• Risks identification
• Controls identification, Controls design
• Sampling
• Fraud assessment