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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 appreciation of:

the role and remit of internal audit within an organisation
the requirements of the International Professional Practice Framework (IPPF)
governance, risk management and control concepts
internal audit methodologies and processes
the techniques used for 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
key requirements for the effective management of internal audit activities
the range of internal audit stakeholders and their varied perceptions
the ways technology can be used to enhance internal audit effectiveness
the broad range of competencies required by internal auditors
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
interviewing skills
information gathering techniques
evaluating control design
internal audit testing
documentation and evidence requirements
analysing internal audit results and developing findings
internal audit reporting
follow-up activities.

An overview of IT auditing

the role of IT within an organisation
IT governance
the IT risk landscape
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
considering fraud throughout the internal audit process
identifying indicators of potential fraud.

Managing the internal audit activity

the range of documentation within an 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 stakeholders

the range of internal audit stakeholders
stakeholder perceptions

The use of technology in internal auditing

automated internal audit processes / documentation
data analytics / data mining
robotic process automation in internal audit
continuous auditing
artificial intelligence.

Internal audit competencies

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

Internal audit quality

quality assurance and improvement programmes
measuring internal audit performance.

CPE competency areas covered

Professionalism (All areas)
Performance (All areas)
Environment (Information technology)
Leadership and communication (All areas)

28 CPE points

Full price

Member: £2517 + VAT
Non-member: £2750 + VAT

SAVE 20% by undertaking this course virtually

Related training courses

Understanding the International Professional Practices Framework | Online

Want to get to grips with the International Professional Practices Framework (IPPF)? Then do our online training course, Understanding the International Professional Practices Framework, which you can undertake in your own time and at your own pace.