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Internal Audit Engagement Planning

By: CorpTrain Ghana™ Ltd


11 - 13 Jul, 2016  3 days

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USD 1,200

Why Individual Audit Engagement Planning?

Beyond annual audit planning what next? The answer is in assessing risk in Individual Audit Engagement Planning.

The IIA Research Paper states that “applying the concepts from risk-based auditing to the assessment of risk at the individual audit level requires the auditor to mentally shift gears from focusing on controls in the audit process to focusing on risk.”

The IIA Practice Advisory 2210.A1 also stipulates that ‘’When planning the engagement, the internal auditor should identify and assess risks relevant to the activity under review.  The engagement objectives should reflect the results of the risk assessment.

This training aims at taken the internal auditor through the various steps in the risk assessments process when planning for individual engagement assignment.

Key Learning Objectives and Outcomes

At the end of this seminar participant should know

  • How to plan individual audit engagements
  • Defining Audit Scope, Objectives and Methodology
  • Designing the Audit Checklist and Audit Program
  • How to plan audit fieldwork assignments
  • How to translate the findings into the audit report
  • How to risk classify findings based on best practices
  • How to conduct follow-up procedures

Key Course Outlines

  • Planning the individual Audit
  • Initial Announcement
  • Audit Scope: Scope limitation and Exclusion
  • Audit Objectives
  • Audit Methodology
  • Resource Requirement
  • Opening Meeting and Documentation
  • Business Process Analysis
  • Information gathering, etc.
  • Risk Assessment and Control Evaluation: Using Risk Control Metrix (RCM)
  • Designing the Audit Program
  • Quality Assurance
  • Audit Fieldwork
  • Administering the Audit Program
  • Evidence gathering techniques
  • Working paper development
  • Close out discussions with auditee
  • Root Cause Analysis (RCA)
  • Performance Improvement Principles
  • Root Cause Analysis
  • IIA Standard Practice Advisory 2320-2
  • Tools and Techniques
  • Audit Report Development
  • Translating field results into report format
  • Executive Summary
  • Reporting material findings
  • Discussions with Audit Manager
  • Audit Risk Classification
  • Risk levels and severity
  • Risk classifications of findings
  • Discussions with Audit Manager
  • Quality Assurance and Report Discussions with Management and Auditee
CorpTrain Center, Avenor Junction, Kokomlemle- Accra, Ghana Jul 11 - 13 Jul, 2016
USD 1,200.00
(Convert Currency)

+233 0501 335 820, 233 -302 -974 -302

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