Internal Audit Basics

Course Description

Recent events including global financial crises have emphasized the need for internal auditing within corporate governance structures. The internal audit function is now mandatory by most stock exchanges, furthermore, internal audit is considered good practice & advisable as part of the underlying control framework & financial management capacity of a project, particularly if complex &/ or decentralized.

What Do Participants Learn?

• attendees will gain a foundation of knowledge that will allow them to prepare properly for and conduct a successful audit,
• using preliminary surveys and evidence-gathering techniques.
• A basic understanding of how to identify risks and internal controls in auditing will also be stressed, along with interpersonal and team-building skills.

Who Should Attend?

• Internal Auditors needing training on process audits
• Internal Auditors who want to improve their understanding and process auditing skills
• Any individual who wants to become an internal auditor and cannot attend a formal classroom
• Any individual who wants to gain credit hours towards maintaining certification in internal audits
• Personnel in other function who need a better understanding of the modern internal audit role.

What Will the Learning Experience Include?

Phase: 1

Introduce

• Comprehensive pre-program activities include:
• Web-based information forms & surveys completed by attendee.
• Direct consultation with the attendee about the expectations.

• During the training, participants engage in data, activities, and conversations that lead to insight and knowledge.
• Participants learn from expert trainers who have both academic and business experiences.
• Highly applicable training content & instructive activities for adding depth to training topics.
• **A half-day site visit for integrating the experience & plan next steps. Opportunities to provide connections, ideas & support.

Phase: 2

Explore & Practice

Phase: 3

Apply

• Apply & sustain the learning experience by using this ongoing support:
• To ensure participant has new skills or behavior progress.
• Optional, fee-based mentoring & coaching with the trainer.
• Training materials & additional documents (e-books, pdf files, presentations and articles)

• Evaluate your training experience by giving us feedbacks and help us to reach our organizational goals.
• Participant's Evaluation
• Trainer's Evaluation

Phase: 4

EVALUATE