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An introduction to professional internal auditing

Presented by: Stephen Maycock

Comprehensive coverage of current professional practices

This course will provide you with a thorough grounding in the principles of professional internal auditing. You will be able to appreciate how internal audit services should be managed and delivered based on the latest guidance and leading-edge best practices.

Who should attend?

This course is open to all.

What will I learn?

Upon completion you will have a better understanding of:

  • the role and remit of internal audit within an organisation
  • the requirements of the International Professional Practice Framework (IPPF)
  • key competencies required by internal auditors and how these may be obtained
  • governance, risk management and control concepts
  • key requirements for effective management of internal audit activities
  • internal audit methodologies and processes
  • techniques used in planning and conducting internal audit engagements
  • how to draw conclusions and report on the results of internal audit work
  • key aspects of internal auditing related to Information Technology
  • how to fulfil internal audit’s role in relation to fraud risk
  • the range of interpersonal skills required by internal auditors
  • how to build effective relationships with internal audit stakeholders
  • the use of technology to improve internal audit effectiveness
  • the means by which the quality of internal audit is assured

Course programme

Internal audit role and objectives

  • the purpose, authority and responsibility of internal audit
  • the remit, scope and focus of internal audit
  • the Charter for Internal Audit
  • the position of internal audit within the governance of an organisation

 Professionalism in internal audit

  • the International Professional Practice Framework (IPPF)
  • mandatory and recommended guidance
  • the application of ethics in internal auditing
  • independence and objectivity

 Governance, risk management and control

  • risk and control concepts
  • internal control frameworks
  • control and risk self-assessment
  • risk management frameworks and processes
  • corporate governance – key components
  • the role of internal audit in governance, risk management and control

 Internal audit methodologies

  • compliance and transaction-based approaches
  • systems/process-based approaches
  • risk based internal auditing
  • adapting approaches for varying subject matter
  • agile internal audit methodologies

 Internal audit processes

  • defining the internal audit universe
  • periodic and assignment planning
  • information gathering techniques
  • evaluating control design
  • internal audit testing
  • documentation and evidence requirements
  • assessing internal audit results – developing findings
  • internal audit reporting
  • follow-up processes

 An overview of IT auditing

  • the role of IT within an organisation
  • IT governance
  • the IT risk landscape
  • key IT controls
  • internal audit responsibilities regarding IT

 Fraud - internal audit perspectives

  • the nature of fraud risk
  • fraud risk management
  • the role of internal audit regarding fraud risk

 Interpersonal skills for internal auditors

  • interviewing techniques
  • internal audit stakeholders
  • internal audit communications
  • building and maintaining relationships

 The use of technology in internal auditing

  • automated internal audit processes / documentation
  • data analytics / data mining
  • continuous auditing
  • the future of technology in internal auditing

 Internal audit competencies

  • knowledge and skills for internal auditors
  • proficiency and due professional care
  • professional scepticism
  • maintaining and improving competency

 Managing the internal audit activity

  • developing an internal audit strategy
  • resourcing models for internal audit services
  • coordination with other assurance providers
  • communicating with senior management and the board

 Internal audit quality

  • Quality Assurance and Improvement Programmes
  • measuring internal audit performance

 CPE competency areas covered

  • IPPF
  • Governance, risk and control

21 CPE points

Full price

Member: £1700 + VAT
Non-member: £1915 + VAT

SAVE 20% by undertaking this course virtually




24 - 26 August 2020



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