Fundamentals of Internal Auditing

Programme Overview

The profile of internal auditing has grown from a humble beginning to reach an all-time high level as a result of emerging corporate governance requirements. Internal auditing is an important and pragmatic process which can be of significant value to all companies. This programme will serve as a roadmap to the understanding and efficient operation of internal audit

 

Programme Objective

To provide an insight into the world of Internal Auditing. By the end of the programme each participant will be able to:

  • Learn the standards required for the professional practice of internal audit
  • Understand the role of the internal audit function
  • Explore risk assessment strategies and risk-based internal auditing
  • Improve interpersonal skills and interview strategies
  • Develop the tools and techniques required to perform a successful risk-based audit programme

Programme Coverage

  • Audit overview
  • Processes and procedures
  • Audit preparation (audit plan; audit checklists)
  • The role of the internal audit function
  • Characteristics of an effective internal audit function
  • The internal audit governance framework
  • Understanding the role the internal auditor
  • Performance of audit work – The audit model
  • Internal control evaluation – An introduction of the COSO internal control model
  • Evaluating and documenting internal controls
  • Audit communications and interview strategies
  • Reviewing audit programmes
  • Fieldwork techniques and applications
  • Key attributes of an audit finding
  • Audit reporting (the audit report)
  • Report issuance – Timeliness and closure of the audit engagement/assignment

Who Should Attend?

  • Internal auditors in private and public institutions, companies and organisations
  • Top management, members of the board audit committee and the board
  • The programme will be of great benefit to all employees of game-changing organisations

Duration: 2 days

Date: 29-30 March and 23-24 September, 2021

Programme fee: N199,999.50 (US$555.55 for foreign participants). Special 10% discount for groups of 4 or more.

Key benefits: Great benefit to internal auditors, programme materials and certificate of participation