Internal Audit from Planning to Execution


Course Objectives

By the end of the course, participants will be able to:

 
  • Develop the ability to formulate precise audit objectives, design a robust audit plan, and allocate resources effectively to ensure comprehensive institutional coverage
  • Apply various audit methodologies, risk assessment techniques, and data analytics applications, enabling the selection and application of appropriate methods for different audit scenarios
  • Demonstrate their skills in conducting effective interviews, performing control tests, and analyzing audit evidence to identify control weaknesses and deviations, ensuring a thorough and well-documented audit process
  • Perform advanced audits, including fraud detection and prevention, IT audits, and cybersecurity assessments, while staying current with industry trends, enabling them to address emerging challenges in GRC
  • Establish vigorous quality assurance practices and drive continuous improvement within the organization
Course Outline

  • Foundations of Internal Audit
    • Introduction to Internal Audit
      • Understanding the role and importance of internal audit in Governance, Risk, and Compliance
      • Differentiating between internal and external audits
      • Key principles and standards for internal auditing
    • Planning the Audit
      • Defining audit objectives, scope, and criteria
      • Identifying risks and assessing their significance
      • Building an effective audit plan and timeline

  • Audit Methodologies and Techniques

    • Audit Methodologies and approaches

      • Overview of different audit methodologies (e.g., risk-based, control-based)

      • Selecting the appropriate methodology for different audit scenarios

      • Integrating technology and data analytics into the audit process

    • Data collection and evidence

      • Techniques for collecting relevant and reliable audit evidence

      • Sampling strategies and statistical methods in internal audit

      • Documenting findings and maintaining audit trails

  • Execution and Fieldwork
    • Conducting fieldwork
      • Interviewing techniques for gathering information
      • Performing walkthroughs and testing controls
      • Addressing challenges and obstacles during fieldwork
    • Communication and reporting
      • Art of effective communication with auditees
      • Structuring audit reports for maximum impact
      • Presenting findings and recommendations to stakeholders

  • Advanced Topics in Internal Audit

    • Fraud detection and investigation

      • Recognizing red flags and signs of fraud

      • Conducting fraud risk assessments

      • Investigative techniques and legal considerations

    • IT audits and cybersecurity

      • Auditing IT systems, networks, and applications

      • Evaluating cybersecurity controls and vulnerabilities

      • Ensuring compliance with data protection regulations

  • Audit Quality Assurance and Continuous Improvement
    • Quality assurance in internal audit
      • Establishing an effective internal audit quality assurance program
      • Peer reviews, self-assessment, and external assessments
      • Incorporating feedback and enhancing audit processes
    • Continuous improvement and future trends
      • Leveraging audit findings for organizational improvement
      • Keeping up with evolving GRC regulations and standards
      • Embracing technology trends in internal audit

المواعيد المتاحة

دبى
من 23-12-2024    الى 27-12-2024