Course Details
Course Outline
5 days course
The Internal & External Auditing and the Role & International Standards of the Internal Audit Department
- 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.
Examining & Understanding the Differences between Various Types of Audits, including Risk Factors
- Operational Audits.
- Financial Audits.
- Compliance Audits.
- Fraud and Forensic Audits.
- Information Systems Audits.
- Review of Current Year U.S. Audit Risk Alerts.
Selecting, Procedural Planning & Commencing Internal Audit Examinations
- 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.
Managing Internal Audit Examinations & Ensuring the Credibility for the Internal Audit Team
- 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.
Issuing Reports, Conducting Exit Conferences & Implementing Corporate Governance Policies
- Communicating Audit Findings and Suggestions for Areas of Improvement.
- Planning the Audit Exit Conference Meeting.
- Distributing the Final Internal Audit Report within the Organisation.
- Conducting Post-Audit Reviews.
- Internal Controls Updates for Boards of Directors.
- Audit Risk Developments and Projects on the Near-Term Horizon.
