Monitoring and Developing the Internal Audit Function
Course Info
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Course Details
Introduction
Objective
Who should attend
Internal Auditing is an essential and integral function of all leading international companies. A well designed and effective internal audit system will not only provide verification and support the accounting and financial policies, procedures and controls are working adequately, it will also ensure efficient and effective processes and procedures. Internal auditing is essential to improve performance and profitability protecting both the company and its employees.
All organizations require an appropriate system of internal controls to protect itself from the growing risk of fraud.
Delegates attending this course will have the passion to set up or improve their own organisation’s internal audit function. The development, observing and continued improvement of a highly-integrated, internal audit function is essential for the continued financial success, stability and development of world-class organisations
The participants will have the learn how to develop and/or improve their existing audit function and how to monitor policies, procedures and financial transactions and assets to international standards thereby securing continued financial success, stability and growth of world-class organization.
Course Outline
Characterising and Developing the Internal Audit Process and Establishing the Roles within the Internal Audit Dept.
- Defining, developing and creating an Internal Audit Function.
- Defining the distinctions and duties between Internal and External Auditors.
- Identifying the Internal Audit Staff Positions.
- Building up the Audit Committee Charter for a Board of Directors.
- Survey of Statements on International Auditing Standards Update and General Auditing Practice Issues.
- Recognising Internal Audit Staffing Requirements.
