Euro-training Center
 Strategic Audit Development A1246 QR Code
Share (49) Like Download Brochure (PDF) Dates and locations

Strategic Audit Development



This program provides a comprehensive training curriculum for participants to excel in internal audit operations, procedures, and communication strategies.  It empowers them to contribute positively to organizational governance and risk management.

Program Objectives:

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

  • Establish and structure internal audit operations, including defining, developing, and implementing an internal audit function.

  • Understand the distinctions and responsibilities between internal and external auditors.

  • Identify internal audit staff positions and develop the audit committee charter for a board of directors.

  • Conduct a comprehensive range of audits from operational to forensic, including financial audits, compliance audits, and fraud and forensic audits.

  • Optimize internal audit procedures and methodologies, including developing streamlined processes and selecting effective audit programs.

  • Effectively communicate audit findings, plan audit exit conferences, and distribute final internal audit reports.

  • Conduct post-audit reviews, update internal controls for boards of directors, and stay updated on audit risk developments and projects.

Targeted Audience:

  • Systems analysts.

  • Business analysts.

  • Product managers.

  • Requirements engineer.

  • Business architect.

  • Product owner.

Program Outlines:

Unit 1:

Establishing and Structuring Internal Audit Operations:

  • Defining, developing and implementing an Internal Audit Function.

  • Defining the distinctions and responsibilities between Internal and External Auditors.

  • Identifying the Internal Audit Staff Positions.

  • Developing the Audit Committee Charter for a Board of Directors.

  • Review of Statements on International Auditing Standards Update and General Auditing Practice Issues.

  • Identifying Internal Audit Staffing Requirements.

Unit 2: 

Comprehensive Audit Spectrum: From Operations to Forensics:

  • Operational AuditsFinancial Audits.

  • Compliance Audits.

  • Fraud and Forensic Audits.

  • Information Systems Audits.

  • Review of Current Year U.S. Audit Risk Alerts.

Unit 3: 

Optimizing Internal Audit Procedures and Methodologies:

  • Developing Streamlined Processes for Conducting Internal Audit Examinations.

  • Identifying Effective Audit Programs for the Various Types of Audits.

  • Evaluating and Selecting Internal Audit Methodologies.

  • Notifying the Internal Auditee and Supervisors of the Internal Audit Examination and Promoting Cooperation and Assistance in Achieving Common. Goals.

  • Evaluating Internal Controls Systems and Accessing Network and Computer Files and Folders.

  • Effecting Changes to an In-Process Internal Audit Examination.

Unit 4: 

Internal Audit Preparation and Documentation Guide:

  • Planning the Audit Commencement Conference Meeting.

  • Accumulating Relevant Documentation during the Internal Audit Process.

  • Professional Standards and Responsibilities Associated with Internal Auditing Documentation.

  • Tools and Methods for Ensuring a Smooth Audit Process.

  • Techniques for Ensuring Credibility for the Internal Audit Team.

Unit 5: 

Audit Communication and Post-Audit Procedures:

  • Communicating Audit Findings and Suggestions for Areas of Improvement.

  • Planning the Audit Exit Conference Meeting.

  • Distributing the Final Internal Audit Report within the Organization.

  • Conducting Post-Audit Reviews.

  • Internal Controls Updates for Boards of Directors.

  • Audit Risk Developments and Projects on the Near Term Horizon. 

Select training course venue