Understanding and Applying the 2024 IPPF and GIAS

Course Info

Length: 6 Days

Type: Online

Available Dates

Fees

  • Dec-23-2024

    1,700

  • Jan-20-2025

    1,700

  • Feb-17-2025

    1,700

  • Mar-17-2025

    1,700

  • Apr-21-2025

    1,700

  • May-19-2025

    1,700

  • June-16-2025

    1,700

  • July-21-2025

    1,700

  • Aug-18-2025

    1,700

  • Sep-15-2025

    1,700

  • Oct-20-2025

    1,700

  • Nov-17-2025

    1,700

  • Dec-15-2025

    1,700

Course Details

Course Outline

6 days course

Introduction to IPPE and GIAS


  • Definition and purpose of International Professional Practices Framework (IPPE)
  • Discussing the evolution of IPPE and its role in standardizing internal audit practices
  • Recognizing key changes made to the 2024 IPPE
  • Definition of Global Internal Audit Standards (GIAS), its objective and scope
  • Exploring the structure of GIAS
  • Understanding the role and function of internal audit within organizations

Principles of Internal Auditing and Mandatory Guidance in IPPE


  • Understanding the fundamental principles of internal auditing
  • Exploring the applications of internal auditing practices in different environments
  • Identifying the importance of aligning audit activities with organizational goals
  • Understanding IPPF standards: attributes and performance standards
  • Determining the role of the definition of internal auditing
  • Discussing the consequences of non-compliance with auditing standards

Governance, Risk and Control


  • Recognizing the link between governance, risk and control
  • Identifying the role of internal audit in corporate governance
  • Understanding the structure of governance and the processes of risk management
  • Exploring control frameworks and the characteristics of effective internal controls
  • Tools and techniques for assessing the effectiveness of existing systems
  • Identifying the role of internal auditors in oversight governance and risk

Audit Planning and Execution


  • Outlining audit planning phases based on IPPE guidelines
  • Discussing factors to consider when planning an audit engagement
  • Exploring risk assessment methods and frameworks
  • Understanding the process of conducting audit fieldwork
  • Tools and techniques for data collection, evidence gathering and analysis
  • Discussing common challenges in audit execution and techniques to overcome these challenges

Reporting and Follow-up  


  • Understanding the importance of documentation and audit reporting
  • Exploring audit report structure and key components
  • Best practices for presenting findings and recommendations
  • Discussing the importance of communicating findings with stakeholders
  • Methods for effective communication with stakeholders
  • Understanding the importance of following up on audit recommendation

Professional Ethics and Continuous Improvement  


  • Describing the ethical responsibilities in internal auditing outlined in the IPPE
  • Identifying the importance of integrity and objectivity in auditing
  • Methods for resolving ethical dilemmas during internal auditing
  • Identifying the role of GIAS in promoting ethical behaviour in internal auditing
  • Discussing the continuous development requirements for internal auditors
  • Exploring mechanisms for audit improvement
  • Recap and final assessment