Internal Audit, Reconciliation and Analysis

Internal Auditing, Reconciliation and Analysis course will teach you about the industry and the many career paths an internal auditor could follow. This course gives new Internal Auditors an understanding of their roles and responsibilities also providing them with comprehensive knowledge needed to ensure that all financial transactions are correct, allowable and applied to the appropriate accounts.

The work of the Internal Audit department is also analyzed within the larger context of assurance providing, highlighting current difficulties facing the industry and tracing the key moments that shaped the current emphasis on audits and guarantees.

The thorough instruction covers the core methods and instruments needed for audit tasks and acknowledges best practice approaches.

This training will highlight:

• Criteria for the internal audit profession.
• Reconciliation and it techniques
• Reconciliation Record keeping
• Methods for risk assessment and risk-based internal auditing.
• Methods and tools to carry out an effective audit programme.
• Internal audit function performance and accountability.
• Governance and how to put them into practice to lower financial risk.
• Industry standard practices for audits.
• International Standards for the Professional Practice of Internal Auditing

Workshop objectives:

• Make choices within the internal audit department.
• Utilize the criteria necessary for the internal audit profession.
• Understand Reconciliation and it techniques
• Knowing Reconciliation Record keeping
• Investigate methods for risk assessment and risk-based internal auditing.
• Use the methods and tools necessary to carry out an effective audit programme.
• Enhance internal audit function performance and accountability, and learn more about adjacent control departments like Compliance.
• Recognise the core ideas of governance and how to put them into practice to lower financial risk while accomplishing organizational objectives.
• Increase their understanding of industry standard practices for audits.
• Verify their expertise and auditing skills.
• The International Standards for the Professional Practice of Internal Auditing should be acknowledged and followed.

Training Methodology

This course will be conducted physically and virtually simultaneously, with formal presentations and an interactive training manual. It will be delivered by seasoned trainers with vast experience in their respective fields of practice. The course is taught through a mix of practical activities, theories, group activities, and case studies. The session will be wrapped up by an industry expert to share practical experience related to the course topic, and a Q&A session with the participants.