Risk-Based Internal Audit
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1- Online Training...with international accreditation. The value of participation per person is €1,450
2-Requirement : specifying the course, number of participants
implementation date, and joint coordination.
Group contracting ... 20% Discount For Each Participant In Any Group Of Five Person Or More
Other Places To Hold The Course :
KualaLumpur.. Istanbul.. Dubai.. Cairo.. Riyadh.. Jeddah.. Abu Dhabi.. Doha.. Muscat.. Sharm El Sheikh.. Kuwait.. Tripoli.. Amman.. Beirut.. Damascus.. Tunisia.. Casablanca.. London.. Paris.. Barcelona.. Amsterdam.. Brussels
Risk-Based Internal Audit
Introduction :
Internal auditing is defined by the Institute of Internal Auditors as “an independent, objective assurance and consulting activity designed to add value and improve an organization’s operations. It helps an organization accomplish its objectives by bringing a systematic, disciplined approach to evaluate and improve the effectiveness of risk management, control and governance processes.”
Course Objectives :
At the end of this course, the participants will be able to :
- Define the scope and function of internal audit within the company
- Distinguish the types of internal audit assignments related to operational, compliance, quality, safety or financial internal audit
- Describe the internal audit planning guidelines and develop a risk-based audit plan
- Apply techniques for risk identification, controls identification and controls testing
- Identify the best sampling techniques in an internal audit assignment considering sample size or sample selection
- Select the appropriate internal audit test tools and list the advantages and disadvantages of each
Targeted Audience :
Delegates with some experience in auditing as well as junior auditors or professionals from finance or other departments looking to develop a focused and best practices approach to the internal audit function. This course is also suitable for supervisors and managers who are interested in updating, upgrading, and refreshing their knowledge of the internal audit function.
Course Outlines :
- Risk and internal audit overview
- Definition of risk
- Types of risk in an organization
- Strategic, reporting, compliance, operational, financial and physical
- Scope of corporate governance
- Building blocks of corporate governance
- Internal audit as a function of corporate governance
- Scope of internal auditing
- Reasons to have an internal audit function
- Distinguishing internal from external auditing
- The internal audit charter
- The role of an audit committee
- Risk management process
- Five steps to accomplish an effective Enterprise Risk Management (ERM) framework
- COSO enterprise risk management framework
- Determining the risk appetite
- The role of an internal audit activity in risk management
- Types of internal auditing
- Assurance services: the third line of defense
- Performance auditing
- Operational auditing
- Contracts auditing
- Financial auditing: accounting cycles audited by the internal audit function
- Security and privacy auditing
- Quality auditing
- Compliance auditing
- Risk-based internal audit: planning the fieldwork
- Reasons for risk-based audit planning
- Three stages for implementing risk-based internal audit
- Stage 1: risk maturity assessment
- Actions of internal audit to assess risk maturity
- Overall audit strategy based on risk maturity
- Conclusion on risk management framework
- Stage 2: production of the audit plan
- Assurance requirements from board and management
- Actions to achieve production of an audit plan
- Identify processes and responses on which assurance is required
- Categorize and prioritize the risks
- Scoring and weighing risks
- Link risks to audit assignments
- Using assurance maps to determine assurance requirements
- Stage 3: conducting audit engagements
- Stage 1: risk maturity assessment
- Risk-based internal audit: conducting audit engagements
- Internal audit role in performing the audit
- Assessing risks: inherent, control, detection and audit risks
- How management and internal audit can minimize risk
- Engagement planning
- Engagement objectives, scope and criteria
- Engagement work program
- Role of internal audit staff
- Defining management assertions
- Uncover risks during audit engagement
- Example of internal audit risk assessment scale
- Testing management controls
- Insights on flowcharting for understanding cycles and controls
- Assess design of internal controls
- Test operating effectiveness of internal controls
- 10 steps to complete the audit stage
- Summarizing audit conclusions for the audit committee
- Technical tools for internal auditors
- Tips and tools for audit sampling
- Information gathered by internal auditors
- 4 qualities of information
- Sources and nature of information
- Assessing the degree of persuasiveness
- Types of engagement procedures
- 15 internal audit test tools
- Observation
- Interviewing: a disliked technique
- Interviewing skills: how to run a successful interview
- Role play: internal auditor in action
- Examining records
- Verification and confirmations
- Vouching and tracing
- Re-performing
- Internal audit working papers
- Best practices for managing working papers
- Retention policies
- Communicating fieldwork results and recommendations
- Legal considerations for communicating results
- 4 attributes of an observation or recommendation
- Disseminating results and exit meetings
European Business Center Training Methodology :
Our training work is presented in a professional and attractive manner.. Interspersed with interceptive information to renew attention throughout the training period… We aim with this method to train the listener and interact… In addition to practical applications that target the direct skills and knowledge required to be achieved.. It is presented to the trainees in more than one way.. Practical exercises and applications.. Surveys and questions.. A training strategy has been adopted based on pairing between the theoretical and the professional and between the local and the global.
What Does The Participant Get From The Course?
Each participant obtains an internationally accredited training certificate from the European Business Center for Training and Development … which has the ISO certificate in quality No. 9001/2015 from the English international company UKAS .. and receives a training bag containing the scientific material via an electronic flash … in addition to an enjoyable and useful training that is reflected Positive and developmental for individuals and the institution
Note :
We can implement the training course in any of the cities referred to in this course..at the appropriate and required time for the trainees..through joint coordination with the training department at the center..the training is implemented in a distinctive manner according to the best quality standards so that we meet all training requirements and needs.
International Accreditations
European Business Center for Training and Development has obtained international and official accreditations with the highest and best international levels scientifically and technically, which reflect the level of outstanding performance in our training work.. so that it achieves what each participant aspires to by obtaining the best certificates with officially approved scientific and technical standards.
