Internal Audit provides a number of important services to an
entity’s management. These include detecting and preventing fraud, testing
internal control, and monitoring compliance with an entity’s policy and
procedures and government regulation. Internal Audit helps an organization
accomplish its objectives by bringing a systematic, disciplined approach to
evaluate and improve the effectiveness of risk management, control and
governance processes. This extensive training program addresses the functions,
role and the importance of internal audit for any given organizational
structure and covers each of its aspect thoroughly.
By the end of the course the
participant should be able to:
·Communicating fieldwork results and
·Legal considerations for
·Attributes of an observation or
·Disseminating results and exit
fieldwork: risk-based auditing
·Risk assessment process
for risk based audit planning
to identify the auditable units
for selecting auditable units
and weighing risks
risk and developing audit plan
to generate list of risks
entity level controls to mitigate risks
definition for types of controls
components of effective internal control system: ‘COSO’ model
for unsatisfactory rating for control components
to generate list of controls
on flowcharting for understanding cycles and controls
of internal controls
and implementation of an internal control
effectiveness of an internal control
and tools for audit sampling.
characteristics of fraud
·Internal auditor’s role in a
·This course is delivered by our seasoned trainers who have
vast experience as expert professionals in the respective fields of practice.
The course is taught through a mix of practical activities, theory, group works
and case studies.
·Training manuals and additional reference materials are
provided to the participants.
·Upon successful completion of this course, participants will
be issued with a certificate.