Basics of Internal Audit  for Non-Audit Professionals

Introduction :

This course is introduced to you by the International Academy of Human Resources Development (IAHRD). Our courses are specially designed to meet your needs, explained to you by experts with a long experience in the field.

It is very important for non-audit professionals to have the basics of internal auditing. This will help in preventing potential financial risks. This knowledge of the management of risks will enable you to act as a consultant and catalyst for the organization.This course will explain everything you need to know about modern internal audit, in order that you can benefi­t from and contribute to the work carried out by this key function. Consider this seminar as attending self-defense classes! 

Objectives:

After attending this course, participants will be able to:

1. Fully understand and appreciate the important role of Internal Audit (IA).
2. Establish and improve the relationships with IA.
3. Differentiate between internal and external audit as well as the quality audit roles.
4. Improve their decision making through IA.

Content:

Module 1:

1. What is IA?
2. What is the function of modern AI?
3. The nature and scope of AI.
4. What are the roles and responsibilities of an internal auditor?

Module 2:

1. Important perceptions in Internal Auditing.
2. The basics of Internal Auditing.
3. How does it help?

Module 3:

1. Internal Audit vs. External Audit.
2. Meeting with functional management to discuss the audit
3. The risk based approach and the importance to business.

Module 4:

1. Essential Steps to take in auditing.
2. The requirements of the risk-based auditing.
3. Step-by-step in risk-based auditing.

Module 5:

1. Consultancy and auditing.
2. Links and processes in auditing.
3. Audit programs and testing.

Module 6:

1. Preparing an audit report.
2. IA relationship with the board and audit committee.
3. Logical thinking and meeting the stakeholders expectations.
4. Transforming commitments into actions.

Who Should Attend?

1. Business Managers and their assistants.
2. Finance professionals.
3. Managers in cross-cutting functions such as HR and IT.
4. Personnel in other assurance functions.
5. Interested candidates.