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Best Practice in Corporate Internal Auditing and Fraud Control

By: Fontini Consulting Ltd

Abuja FCT, Nigeria

10 - 12 Aug, 2016  3 days

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NGN 195,500


The training workshop will highlight current trends and practices in corporate in internal auditing. Issues to be discussed include:

  • The wider scope of roles and responsibilities of a modern internal auditor.
  • Audit planning methods
  • Systems documentation review and upgrading
  • How to write an effective audit report
  • How the internal auditor should relate to managers in other departments as well as the external auditors
  • Computer auditing techniques
  • Financial investigations
  • The vexed issue of corporate fraud: types, causes, detection and management
  • The internal auditor as the watchdog of management and the issue of independence of the internal auditor.
  • Challenges of the future.


Fundamentals of Pro-Active Internal Auditing

  • Widened scope of duties and responsibilities of today’s internal auditor
  • Relationship of the internal audit department and other department and other      department and other departments
  • Relationship between internal auditors and externals auditors
  • Peculiarities of public sector auditing: public accounts committee, the alarm system, the auditor general’s role ECT.
  • The audit committee and the intern auditor.
  • Internal audit as a cost tool
  • Independence of the internal auditor.

Audit Planning Methods

  • Principles governing an audit: integrity, objectivity, independence, and confidentiality
  • Confidentiality ETC
  • Assessment of existing controls and inherent risk
  • Preparation of the audit programme
  • Audit working papers: audit manuals, Programme documents   etc.
  • Adequate staffing for the audit function
  • The audit supervision chain

Enthroning a Fraud Preventive Internal Control System

  • Definition of internal control system
  • Internal control systems and procedures
  • Systems documentation process
  • Process and to plug identified loopholes
  • System upgrade: to cover anticipated areas of deficiency
  • Emerging trends and challenges.

Audit Reports

  • Types of audit reports
  • Qualities of a good report: relevance, complete, reliable, timely,   precise, simple, accurate, consistent, unbiased, good   language, appropriately channeled etc.   
  • Getting facts into logical sequence and writing persuasively
  • Structure and layout of audit reports
  • Witch-hunting, favoritism, sensationalism and professionalism  in audit reporting
  • Management action and follow-up reports.

The Role of Human Psychology in Auditing and Fraud Management

  • Audit concepts auditor’s percept
  • Psychological barriers in effective auditing
  • Psychological strategies for enhancing auditing
  • Personal qualities of auditors
  • Inter-personal strategies
  • Emerging trend and challenges

Financial Investigations and Defenses against Corporate Fraud

  • Definition of an investigation events necessitating
  • Corporate fraud causes types, detection and management
  • Investigation in the event of fraud or negligence i.e. misappropriation of cash, wages defalcations, cross-firing of financial instrument, manipulation of stock figures, defalcation of sales and purchases, theft of fixed assets, etc.
  • Investigation by government (Nigeria experience) probe panels, committees, tribunals, etc. including the role of law enforcement agencies.
  • Fraud detection and responsibilities of internal/external auditors.

Computer Audit Techniques

  • Objectives of computer auditing
  • Computer audit terminologies auditing round and through the computer etc.
  • Computer installation control check list i.e. environmental, personnel, hardware software, communications and administrative controls
  • Maintaining the audit trail in a computerized system
  • Controls in on-line and real time systems.
  • Common computer frauds
  • Use of computer software in computer auditing (CAATS)
  • Emerging trend and challenges, threats and vulnerabilities.

Methodology: Formal lectures, Group discussions and Case studies

For Whom

Internal Auditors, Inspectors, Accountants and Other Managers/Officials involved in making and execution of corporate decisions in both the public and private Sectors including Banks, Oil Companies, Insurance Companies, Manufacturing Companies, Service Companies, Trading Organizations, Government Ministries, Parastatals, Agencies, Commissions, Local Governments, etc.

Alexis Hotel & Conference Centre. Plot 693 Obafemi Awolowo Way Jabi- Abuja Aug 10 - 12 Aug, 2016
NGN 195,500.00
(Convert Currency)


A Distinguished team of facilitators who are eminently qualified professionals has been assembled to lead discussions in course of the workshop
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