Who should attend? Delegates who have some experience of auditing, either directly as an auditor or from within the financial function and who are looking to develop a focused and best practice approach to the development of the internal audit function.
Course objectives: To understand the role of the internal audit function. To enable the conduct of effective audits and reporting. To scope and apply risk based auditing. To engage with stakeholders. To ensure objectivity of the audit team. To develop effective internal audit structures Course content The role and function of internal audit. Key goals of the internal audit function. Ensuring auditor objectivity. Avoiding conflicts of interest within auditing. Key skills of the auditor Conducting effective audits. Pre-audit planning. Effective audit sampling techniques. Recording findings during the audit. Engaging effectively with stakeholders Audit structures. The role of the audit committee. Developing the audit charter. The role of the external auditor. Developing best practice Audit report writing. Ensuring objective comments. Ensuring use of constructive language. Improvement recommendations. Continuous improvement techniques Risk based auditing. Identifying areas of risk. Classifying and quantifying risk areas. Developing audit and re-audit frequency in line with risk. Overview of emerging threats