Principles of Internal Auditing

The sole objective of this course is to turn beginners in Internal Auditing to masters in only seven days!

After this course, you will be able to audit any process in any industry.

It also can be used by those already in the field of auditing as a reference guide and if you are preparing for CIA (Certified Internal Auditor) exams, you definitely will need this.

we also have included course notes for you to print out or transfer to your gadget of choice for reading on the go.

This course should take a total of one week to fully understand the processes.

What will you learn?

• Understand the purpose of Internal Auditing, why audits are conducted.
• Be able to identify and explain risks, controls & other important terms in Internal Audit.
• Learn controls that can be used to protect your organization and assets against various risks
• Be equipped to conduct an audit from start to end.

Introduction

• Introduction: The Author, The Presenter, The Course
• The History of Internal Auditing
• The Definition of Internal Auditing
• How The Work of Internal Auditors is Standardized
• The Organization Structure of Audit Function And Reporting Lines
• Quiz on Introduction

Steps in conducting an audit

• Internal Audit Versus External Audit
• What is Risk?
• Risk-Based Auditing
• Internal Controls
• Are the controls adequate and effective?
• Quiz on why Internal Audits are conducted

Steps in conducting an audit

• Annual audit plan
• Understanding the process you’re auditing
• Audit notification and opening meeting

The Internal Audit Plan

• The Audit Steps
• Documenting a test (Warehouse Example)
• Documenting a test (Banking Industry Example)
• Close-out Meeting
• Quiz on The Internal Audit Plan

Internal Audit Report

• Report Structure, Findings & Purpose of the Internal Audit Report
• Quiz on Internal Audit Report

Issuing the Audit Report

• Issuing the Report

• Anyone with a keen interest in how to conduct an Internal Audit & an interest in the processes involved in IA would benefit from this course.
• This course is for people who are starting out in the IA discipline & those who have some experience & want to add to their knowledge.
• Internal Auditors and business owners looking for a reference guide on IA would find this course useful.
• Business owners and managers looking to learn about controls that can be used to protect their organizations and assets.
• Students who have a module of Internal Auditing who are studying Accounting and Auditing such as ACCA, Certified Internal Auditor (CIA), would benefit from this course.

• A course pack containing the information presented on the day.
• A certificate of attendance.
• Complimentary refreshments and snacks provided.

• Training Days: 5 days.
• Training Timing: 4:00 PM-9:00 PM.
• Training Language: 50% English 50% Arabic.
• Material Language: English.
• Training Venue: Fully equipped training facility in a hotel.