Internal Audit Excellence: Building, Enhancing and Sustaining the Function
Introduction
Strong internal audit functions are vital to ensure governance, risk management, and financial stability. This course equips professionals with the knowledge and tools to establish, improve, and monitor an effective internal audit department. A well-structured internal audit system strengthens internal controls, minimizes fraud risks, and enhances organizational performance by ensuring accountability, transparency, and compliance.
Course Objectives
By the end of this program, participants will be able to:
* Understand the role and responsibilities of an Internal Audit Department.
* Develop and implement an Audit Committee Charter for Boards of Directors.
* Evaluate the effectiveness of internal controls and security policies.
* Identify and manage audit risk while efficiently planning, executing, and documenting audit assignments.
* Conduct post-audit reviews and provide actionable recommendations to leadership.
Methodology
The course uses a combination of **interactive lectures, real-life case studies, group exercises, role-playing audit simulations, and peer discussions**. Participants will gain both the theoretical understanding and practical skills necessary to establish and enhance internal audit practices within their organizations.
Who Should Attend
This program is designed for:
* Internal auditors and audit managers
* Finance and compliance professionals
* Risk management officers
* Corporate governance professionals
* Senior managers and executives responsible for audit and controls
Course Outline
**Day 1: Defining and Developing the Internal Audit Process**
* Building and implementing an Internal Audit Function
* Distinctions and responsibilities of Internal vs. External Auditors
* Structuring the Internal Audit Department and staffing roles
* Developing an Audit Committee Charter for Boards
* Overview of International Auditing Standards and practices
**Day 2: Understanding Audit Types and Risk Factors**
* Operational, financial, compliance, forensic, and IT audits
* Fraud detection and forensic audit essentials
* Understanding audit risk and key risk alerts
* Aligning audit scope with organizational priorities
**Day 3: Planning and Commencing Internal Audit Examinations**
* Streamlining audit processes for efficiency
* Developing effective audit programs and methodologies
* Engaging stakeholders and promoting audit cooperation
* Evaluating internal control systems
* Managing mid-audit changes effectively
**Day 4: Managing Internal Audit Examinations**
* Planning the Audit Commencement Conference
* Gathering and documenting audit evidence
* Professional standards for audit documentation
* Tools and techniques for smooth execution
* Building credibility and authority for the audit team
**Day 5: Reporting, Exit Conferences and Governance Integration**
* Communicating findings and recommendations
* Conducting effective exit conferences
* Drafting and distributing impactful audit reports
* Post-audit reviews and continuous improvements
* Internal control updates for Boards of Directors
* Future audit risk trends and governance challenges
Enquiries and Registration
Enquiry at : admin@keleaders.com
Whatsapp: 0044 790 125 9494
For more details visit our website : www.keleaders.com
