Internal Audit Fundamentals Part 1 – The Essentials
Course
In City of London
Description
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Type
Workshop
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Location
City of london
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Class hours
6h
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Duration
1 Day
This course is the first part of a modular three-day programme. We recommend attending all three days, but each day is self-contained and can be taken separately.
On this first day, we explore the background and theory to internal auditing and then show delegates how to plan and conduct an audit in practice. In terms of the theory, the framework provided by the Institute of Internal Auditors is used throughout, including the core principles of internal auditing. In terms of the practical application, this course takes delegates through the end to end process of an internal audit: from the planning stage, through execution (including audit documentation and sampling techniques), and finally to effective delivery and the internal audit report. The course is highly interactive throughout, combining practical tips and advice with quizzes and audit scenario exercises.
Facilities
Location
Start date
Start date
About this course
The course is primarily aimed at people starting out as internal auditors. Equally, the course will also benefit experienced auditors requiring either an insight into audit theory and effective audit methodologies or else a refresher and update. The course is applicable to all business sectors.
Reviews
Subjects
- Internal Auditing
- Strategic Finance
- Governance
- Audit
- Auditing
- IT Auditing
- Ethics
- Planning
- Strategy Development
- Auditing documentation
Teachers and trainers (1)
Steve Giles
Teacher
Steve qualified with Deloitte & Touche in 1983. From 1990 he specialised in special projects & forensics (including headline cases such as Polly Peck & BCCI), working on a variety of governance, risk management, fraud assignments both in the UK and abroad. Steve left Deloittes in 1997 and since then has built up a track record of success on an independent basis in helping executives, through risk-based techniques, to find solutions to a variety of unusual business problems.
Course programme
- Audit definitions – historical development and the various different types of audit today
- The profession of internal audit – the Institute of Internal Auditors and its professional practices framework
- The four key principles: integrity, objectivity, confidentiality and competency
- Reporting lines and independence – the role of the Audit Committee and the Audit Charter
- Strategic audit planning and working papers
- The audit process including sampling to gathering sufficient evidence, the different types of audit testing and interviewing in an audit context
- How to write an effective internal audit report
- Effective follow-up and quality evaluation
Internal Audit Fundamentals Part 1 – The Essentials