Modern International Standards of Internal Audit Function

Overview:

Introduction:

This workshop focuses on equipping participants with an understanding of modern international standards governing the internal audit function. It emphasizes best practices, compliance frameworks, and methodologies to enhance the effectiveness and value of internal audits within organizations.

Workshop Objectives:

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

• Understand international standards and frameworks for internal auditing.

• Develop strategies to align internal audit functions with organizational goals.

• Apply modern techniques to assess and manage audit risks effectively.

• Enhance reporting and communication of audit findings.

• Foster a culture of accountability and continuous improvement in auditing.

Target Audience:

• Internal auditors and audit team members.

• Audit managers and supervisors.

• Risk management and compliance professionals.

• Financial controllers and accountants involved in auditing.

• Professionals seeking to enhance their knowledge of international audit standards.

Workshop Outline:

Unit 1:

Introduction to Modern Internal Audit Standards:

• Explore the role of internal auditing in organizational governance.

• Understand key international frameworks (e.g., IIA Standards, COSO).

• Learn the principles of risk-based internal auditing.

• Discuss the evolving expectations of internal audit functions.

• Identify key trends impacting internal audit practices globally.

Unit 2:

Planning and Conducting Effective Audits:

• Develop skills for creating comprehensive audit plans.

• Explore methodologies for evaluating internal controls and risk management systems.

• Learn techniques for gathering and analyzing audit evidence.

• Discuss tools for ensuring audit quality and compliance with standards.

Unit 3:

Enhancing Audit Reporting and Communication:

• Understand the principles of effective audit reporting.

• Learn techniques for presenting findings and recommendations clearly.

• Explore strategies for engaging with stakeholders and management.

• Discuss the role of technology in improving audit reporting processes.

• Develop a framework for continuous improvement in audit communication.