Internal Audit Fundamentals – The Essentials – Session 1 & 2

Speaker:   |  CPD Hours: 6

Price £395 plus VAT

New dates coming soon.

OBJECTIVES

We explore the background and theory to internal auditing and then show delegates how to plan and conduct an audit in practice.  In terms of the theory, the framework provided by the Institute of Internal Auditors is used throughout, including the core principles of internal auditing.  In terms of the practical application, this course takes delegates through the end to end process of an internal audit: from the planning stage, through execution (including audit documentation and sampling techniques), and finally to effective delivery and the internal audit report. 

CONTENT

Day 1 – Session 1 – 9.30am – 12.30pm

  • What is internal auditing?
  • Audit definitions – historical development and the different types of auditing
  • The profession of internal audit – the Institute of Internal Auditors’ professional practices framework  
  • The four key principles: integrity, objectivity, confidentiality and competency
  • Reporting lines & independence – the Audit Committee and the Audit Charter
  • Strategic audit planning and working papers

Day 2 – Session 2 – 9.30am – 12.30pm

  • Types of assignment and skills required
  • The audit process
  • The key audit concepts: evidence; the different types of audit testing; and sampling
  • Interviewing in an audit context
  • How to write an effective internal audit report
  • Effective follow-up and quality evaluation

WHO SHOULD ATTEND

The course is primarily aimed at people starting out as internal auditors. Equally, the course will also benefit experienced auditors requiring either an insight into audit theory and effective audit methodologies or else a refresher and update. The course is applicable to all business sectors.

Looking to train your team or a group?

We can deliver any of our courses tailored to your needs at your offices or at a location of your choice.

CONTACT US

Find an alternative course

Advanced search

  • Sign up to our course reminder email here