This workshop provides an intensive conceptual and applied introduction to internal auditing in society. It focuses on concepts and applications related to internal auditors’ professional responsibilities as well as major facets of the audit process including risk assessment and internal audit reporting.
Define internal audit, its scope and function within the company
List the internal audit standards constituting the framework of the internal audit activity
Distinguish the types of internal audit assignments related to operational, compliance or financial internal audit
Describe the internal audit fieldwork guidelines and apply techniques for risk identification, controls identification and controls testing
Recognize fraud and express the internal auditor's responsibility upon fraud detection
Overview of internal auditing Lines of defense.
Roles and responsibilities of internal auditors.
Differences between internal auditing and external auditing
Types of engagements
Types of audits The internal audit profession
International Professional Practices Framework (IPPF).
Mission of Internal Audit.
Core Principles for the Professional Practice of Internal Auditing.
Definition of Internal Auditing.
Codes of Ethics.
International Standards for the Professional Practice of Internal Auditing (Standards).
Recommended Guidance.
Internal audit charter.
Managing internal audit staff.
Managing internal audit activity.
Managing internal audit conflict Outsourcing.
Quality assurance and improvement program (QAIP).
Risk Management and Control
Key governance elements
Overview of risk management
Components of risk management
Roles and responsibilities of the participants in risk management
Overview of reporting Form and content of internal audit report
Quality of reporting Factors to enhance understandability
Distribution of report
Monitoring and follow-up
Internal Audit Process - Investigation of Fraud
Overview of fraud
Types of occupational fraud
Elements of fraud? Fraud Diamond and Fraud Triangle
Red flags for occupational fraud
Roles and responsibilities of internal auditors on occupational fraud
Managers and employees who are interested to know about internal audits and what internal auditors do, and Managers and employees who want to learn about risk and risk assessment, Beginner Internal auditors who need practical knowledge to perform internal audit engagements.
