Introduction:
With businesses under closer scrutiny, it’s more important than ever that your company’s internal auditing meets standards and requirements.
This certified internal auditor course will help you ensure that your company’s internal auditing systems fully comply with these standards.
More than that, however, this certified internal auditor course goes beyond accounting boundaries to provide real insight into the managerial, political, and technical dynamics of internal auditing.
This course is designed as an internal auditor training course, providing comprehensive internal auditing training to enhance the skills and proficiency required to excel in internal auditing.
Internal audit training courses, including audit evidence collection, risk management practices, and audit reporting techniques, will benefit participants.
Becoming A Certified Internal Auditor:
Engaging in a certified internal auditor course, participants can embark on the path to becoming an internal auditor, gaining knowledge and tools necessary for conducting robust financial audit training.
This crucial facet of the program covers the key concepts and practices for becoming a certified internal auditor.
Targeted Groups:
- Quality assurance staff.
- Internal audit managers.
- Senior internal auditors.
- This Certified Internal Auditors course is for people who want to gain new skills in internal auditing to improve their careers.
Course Objectives:
At the end of this certified internal auditor course, the participants will be able to:
- Define internal auditing and internal control.
- Identify “high-risk” processes—and build control systems that mitigate the risk.
- Develop control-based internal auditing recommendations that help management meet tactical and strategic objectives.
- Focus on the investment in internal audit.
- Document and evaluate internal control systems.
- Understand audit evidence and audit sampling.
Targeted Competencies:
At the end of this internal auditor training course, the target competencies will be able to:
- Internal audit management.
- Improvement and innovation.
- Internal audit delivery.
- Persuasion and collaboration.
- Documentation.
Certified Internal Audit Certification:
One of the course units will discuss internal audit certifications and audit certification programs.
Participants interested in internal auditor certification will find this training conducive to preparing for and obtaining their internal auditor certificate.
Course Content:
Unit 1: Internal Auditing and the International Business Environment:
- Define internal auditing.
- Identify the components of a practical internal audit function.
- Define the management responsibilities of an internal audit function.
- Discuss the similarities and differences between internal auditing and external auditing.
- Define the various types of internal audits.
Unit 2: The Road Map to Effective Internal Audits:
- Discuss the principles of effective audits.
- Define alpha and beta audit risk.
- Perform compliance, substantive, and operational tests.
- Calculate audit risk.
- Define the relationship between the internal and control environment and audit testing.
Unit 3: Focusing the Investment in Internal Audit:
- Relate the concept of internal audit strategies to the audit planning process.
- Develop a long-term audit plan for the internal audit department using internal control-based risk assessment.
- Designed the audit plan and Prepared an audit planning memorandum for an individual internal audit project assignment.
Unit 4: Documenting and Evaluating Internal Control Systems:
- Understand the work process.
- Document the work process.
- Develop process flow diagrams and process maps.
- Complete the audit internal controls documentation matrix.
- Finalize the audit objectives.
Unit 5: Audit Evidence and Audit Sampling:
- Discuss the basic concepts of audit evidence and their impact on developing audit work papers.
- Document analytical reviews.
- Test and gather audit evidence.
- Complete and document compliance and substantive tests.
- Select the appropriate testing method.
- Discuss statistical sampling techniques.
- Determine the objectives of the sampling plan.
- Develop the sampling plan.
- Apply attribute sampling techniques.
- Extrapolate the sample results.
- Ensure that audit work papers support audit conclusions and recommendations.
Unit 6: Planning and Conducting Successful Audit Interviews:
- Plan interviews.
- Discuss a framework for planning, conducting, and evaluating the results of interviews.
- Overcome resistance.
- Manage conflict with management.
- Listen effectively.
- Talk effectively in a non-threatening environment.
- Get to yes.
- Understand the nature of confidentiality of information.
Unit 7: Managing and Monitoring Internal Audit Examinations and Methodologies of Ensuring Credibility for the Internal Audit Team:
- Planning the audit commencement conference meeting.
- Accumulating relevant documentation during the internal audit process.
- Professional standards and responsibilities associated with internal auditing documentation.
- Tools and methods for ensuring a smooth audit process.
- Techniques for ensuring credibility for the internal audit team.
Unit 8: Issuing Reports of Audit Findings:
- Conducting exit conferences.
- Implementing sound corporate governance policies to achieve adequate internal controls.
- Communicating audit findings and suggestions for areas of improvement.
- Planning the audit exit conference meeting.
- Distributing the final internal audit report within the organization.
- Conducting post-audit reviews.
- Internal controls updates for boards of directors.
- Audit risk developments and projects on the near-term horizon.
