Istanbul-Turkey: +905395991206 - Amman-Jordan: +962785666966 - London (UK): +447481362802

Certificate in Finance and Accounting Courses

Risk Based Internal Auditing Training


The development, monitoring, and continued improvement of a highly-integrated, internal audit function is essential for the continued financial success, stability, and growth of world-class business entities. A well designed and effective internal audit system will provide verification and support that accounting and financial policies, procedures, and controls are working adequately and will spotlight any significant matters that need attention.

Course Objectives:

  • Who ought to be consulted-together with whether or not there a hazard you're consulting too widely?
  • Tackle questions and comply with up inquiries to assist make certain that you don't get too many' turkeys' at the plan
  • Learn approcahes to link the IA plan to key hazard areas, while handing over center guarantee areas
  • How to aspect in price and upload it into the making plans technique
  • How to deal with variations among Senior Management and the Audit Committee in terms of what they would really like IA to do
  • How to efficiently deal with the question "Do you've got sufficient resources"? in a manner that receives an optimistic debate going, with out being a too overt plea for resource
  • Round long run making plans horizons, the yearly plan and advert hoc audit work
  • Apply the making plans technique as a way of deepening the connection among the pinnacle of audit and senior stakeholders
  • Uncover the way to undertake a hazard primarily based totally technique to inner auditing
  • Review company hazard control and the way to efficiently set up a framework on your organisation
  • Evaluate inner audit's readiness to undertake a hazard primarily based totally technique
  • Develop a plan for conducting risk-based audits

The Content:

Business & Process Understanding

  • How to Understand Auditee's Business/Process

Risk Assesment

  • How to perform Risk Assesment

Audit Performance

  • Setting up of the Engagement File
  • Developement of Information Request List
  • Preperation of Information Request List
  • Business Process Anaylsis ("BPA")
  • Audit Testing
  • Compliance to Laws & Regulations
  • Internal Audit And/Or Benchmarking
  • Documenting Working Papers

Preparing Internal Audit Report

  • Content of Internal Audit Report
  • Issuance of Draft Report
  • Finalisation of Internal Report

Follow-up Audit

  • How to perform follow-up audit

Certificate in Finance and Accounting Courses
Risk Based Internal Auditing Training (FA15265)


Mercury dynamic schedule is constantly reviewed and updated to ensure that every category is being addressed at least once a month, if not once every week. Please check the training courses listed below and if you do not find the subject you are interested in, email us or give us a call and we will do our best to assist.

Istanbul Office (Turkey) +905395991206

London (UK) +447481362802

Amman (Jordan) +962785666966