Internal Auditing & Control Best Practices

Internal Audit & Control has become a vital component for any organisation, it is an independent objective assurance and consulting activity designed to add value and improve an organization’s operations. This applies to both the corporate sector and the public sector. Internal audits provide a number of essential services to company management. These include detecting and preventing fraud, testing internal control, and monitoring compliance with company policy and government regulation.

‘Internal Audit & Control Best Practices’ is a highly interactive training course, it helps participants to acquire the knowledge to understand the Internal Controls environment and the roles of the respective stakeholders in monitoring, evaluating and the implementation of internal controls best practices. By applying this knowledge, participants will develop the skill to perform an Internal Controls risk assessment to support the organization’s strategic objectives, improve its sustainability and leverage its ability to face future challenges.

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

• Reinforce key elements related to internal audit, its scope and function within the organization
• Understand the relationship between internal stakeholders and types of engagements with them.
• Distinguish the types of internal audit assignments related to operational, compliance or financial internal audit
• Develop engagement process based on considerations, objectives, scope and risk-based internal audit engagements
• Comprehending the organizational governance including principles, various frameworks, codes and legislation.
• Perceive ways to identify, analyze and manage the risks in your business.
• Identification of reportable items, report formulation, and methods of communication.
• Understand the organizational ethics, fraud, and role of internal auditing
• Recognize internal auditing’s role regarding, fraud prevention, detection, and investigation

The practical and results-oriented Internal Audit & Control Best Practices training course is based on adult learning concept. It incorporates short inspiring lectures with captivating PowerPoint slides; videos to enhance learning; ongoing discussions with action planning; ample time for Q&A; training activities to reinforce key concepts within a fun learning environment.

 Pre & Post course assessments will be used to measure the effectiveness of this training and measure the skill and ability of participants.

The Internal Audit & Control Best Practices training course is designed for:

• Internal auditors who wish to understand their role in the audit process and update the knowledge
• Accountants who wish to understand the scope of the audit and their role
• Financial executives who wish to gain a better understanding of the regulatory audit environment
• Supervisors and managers who are interested in updating, upgrading, and refreshing their knowledge in internal audit.
• Personnel within the public sector who need a better understanding of internal audit role
• Any other professional involved in the preparation for the audit process or the conducting of audit procedures