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 Internal Audit Excellence A1453 QR Code
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Internal Audit Excellence



This training program focuses on enhancing participants' proficiency in internal audit functions within organizations. It facilitates a thorough understanding of internal audit processes to improve corporate governance and organizational performance.

Program Objectives:

At the end of this program, participants will be able to: 

  • Understand the role and function of an Internal Audit Department and Staff.

  • Undertake various types of audit to effectively control and monitor policies, procedures, and performance.

  • Evaluate the effectiveness of Internal Controls and Security Policies.

  • Understand audit risk and efficiently plan, control, and record an audit assignment.

  • Conduct efficient Audit Exit Conferences and Post-Audit Reviews.

Targeted Audience:

  • Accounting and financial professionals.

  • senior management.

  • Financial and non-financial professionals.

  • Non-financial professionals that may need to coordinate other activities with an internal audit department.

Program Outlines:

Unit 1: 

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.

Unit 2:

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.

Unit 3:

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.

Unit 4:

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.

Unit 5:

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.

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