Internal Audit: Incorporating Corporate Governance and Financial Risk Management

This workshop focuses on internal audit’s role in detecting financial statement fraud by identifying potentially significant or likely financial statement fraud schemes and developing audit steps to help detection them. Upon completion of this workshop, participants will be able to:

• Understand the different ways financial statement fraud is detected
• Understand changing patterns of financial statement fraud
• Apply risk assessment techniques to financial statement fraud detection
• Design internal audit steps to help detect common financial statement fraud schemes

Content

Introduction, Fundamental Concepts, and Issues in Internal Audit

• Internal Accounting
• Internal Cost Elements a “Responsibility Accounting System’
• Internal Auditing
• Differences Between Internal and External Audit
• Internal Audit Structure and Corporate Governance

Internal Audit in Practice

• Internal Auditing Policy
• Enhancing the Role of the Internal Auditor
• Internal Audit and Internal Conflict
• Internal Audit and Statutory Conflict
• Audit Management
• Audit Program Development
• Audit Program Monitoring
• Audit Program Evaluation
• Key Responsibilities for Internal Auditors, Under the ACT
• Consequences for Internal Auditors who
• Operate Below the Expected Standards

Internal Audit and Corporate Governance

• Defining Corporate Governance
• Exploring Corporate Governance and the Relationships between Internal and External Stakeholders
• Accountability of its Board of Directors and Shareholders
• Role and Responsibilities of the Board
• Integrity and Ethical Behaviour
• Disclosure and Transparency

For Whom:

 Directors, Managers, Staff in Internal Audit Departments, Accountants, Financial Analysts, Finance Managers, and others who are involved in the audit process and want to be aware of what is best practice in modern time.