Making a difference

Practical Internal Auditing

The profile of internal audit has never been higher as organisations and stakeholders seek independent assurance regarding the effectiveness of the systems of internal control, risk management and governance. Internal auditors must demonstrate that their work adds value and conforms with the latest international standards and best practices.

This highly practical course will develop participants' expertise in modern internal audit practices and to bring them up-to-date with current developments. It will cover the processes and techniques required to conduct professional reviews of the management of risk and the reliability of control measures in a range of operational, strategic and financial systems.

Who should attend
Internal auditors and others from the public, private and NGO sectors; risk managers, compliance officers and control units.

How you will benefit
By the end of the course you will be able to:

• implement the principles and practices of risk based systems auditing
• demonstrate audit's value and contribution in the current climate
• focus audit efforts on the things that matter
• apply your knowledge to the audit of a wide range of activities
• understand how to improve your internal audit function and processes

Course profile
The Role of Modern Internal audit

• The evolving role; audit's value; latest developments
• Conditions for effective auditing
• Essential audit principles; international standards
• Governance, risk and control: overview

Directing the Audit Function

• Confirming the charter; status and support
• Compiling a strategic audit plan
• Determining the approach: risk-based auditing
• Managing and improving the internal audit unit
• Staffing and training - attributes and skills needed

Internal Audit Practices and Techniques

• The audit process from start to finish
• Effective planning of assignments
• Risk analysis and control evaluation techniques
• Evidence; effective testing; CAATS; working papers
• Evaluating, reporting and selling results
• Effecting change and improvement

Applications and Special Topics

• Auditing financial, operational and strategic systems
• Internal audit and fraud
• Introduction to Performance ("Value for Money") Audits
• Auditing projects
• Behavioural aspects of auditing

The course Practical Internal Auditing has widened and improved my scope in Internal Auditing. The benefits cannot be overemphasized. Keep it up!

Mr Declan Onyeso Nwokoro
Senior Internal Auditor
Brass LNG Ltd, Nigeria