This course aims to enable participants to develop the skills to meticulously plan, execute, and document audits, utilizing advanced methodologies and data analytics for efficient, accurate results. It will also allow them to confidently navigate complex scenarios such as fraud detection, IT audits, and cybersecurity assessments, contributing actionable insights for continuous organizational improvement.
Accounting and Finance
Internal Audit: From Planning to Execution
This course aims to enable participants to develop the skills to meticulously plan, execute, and document audits, utilizing advanced methodologies and data analytics for efficient, accurate results. It will also allow them to confidently navigate complex scenarios such as fraud detection, IT audits, and cybersecurity assessments, contributing actionable insights for continuous organizational improvement.
Upcoming dates
Classroom
| Start date | End date | Location | Fee | Registration |
|---|---|---|---|---|
| Barcelona - Spain |
€1,925 + VAT
|
→ | ||
| Frankfurt - Germany |
€1,625 + VAT
|
→ | ||
| Rome - Italy |
€2,125 + VAT
|
→ | ||
| Cape Town - South Africa |
€2,125 + VAT
|
→ | ||
| Barcelona - Spain |
€1,925 + VAT
|
→ | ||
| Paris - France |
€2,250 + VAT
|
→ | ||
| Frankfurt - Germany |
€1,625 + VAT
|
→ | ||
| Barcelona - Spain |
€1,925 + VAT
|
→ |
- Develop the ability to formulate precise audit objectives, design a robust audit plan, and allocate resources effectively to ensure comprehensive institutional coverage
- Apply various audit methodologies, risk assessment techniques, and data analytics applications, enabling the selection and application of appropriate methods for different audit scenarios
- Demonstrate their skills in conducting effective interviews, performing control tests, and analyzing audit evidence to identify control weaknesses and deviations, ensuring a thorough and well-documented audit process
- Perform advanced audits, including fraud detection and prevention, IT audits, and cybersecurity assessments, while staying current with industry trends, enabling them to address emerging challenges in GRC
- Establish vigorous quality assurance practices and drive continuous improvement within the organization
This program is intended for professionals involved in Accounting and Finance.
- This course has been designed for audit practitioners, governance professionals, financial services regulators, finance managers, functional managers, senior managers, board members, and all individuals interested in the internal control environment within their organizations.
The course uses interactive techniques, such as brief presentations and case studies by the consultant and participants. The course also features several group exercises and simulations to help participants consolidate their learning experience. Examples from various industries and sectors will be used to showcase practical applications.
Day1
Foundations of Internal Audit
- Introduction to Internal Audit
- Understanding the role and importance of internal audit in Governance, Risk, and Compliance
- Differentiating between internal and external audits
- Key principles and standards for internal auditing
- Planning the Audit
- Defining audit objectives, scope, and criteria
- Identifying risks and assessing their significance
- Building an effective audit plan and timeline
Day2
Audit Methodologies and Techniques
- Audit Methodologies and approaches
- Overview of different audit methodologies (e.g., risk-based, control-based)
- Selecting the appropriate methodology for different audit scenarios
- Integrating technology and data analytics into the audit process
- Data collection and evidence
- Techniques for collecting relevant and reliable audit evidence
- Sampling strategies and statistical methods in internal audit
- Documenting findings and maintaining audit trails
- Execution and Fieldwork
Day3
Conducting fieldwork
- Interviewing techniques for gathering information
- Performing walkthroughs and testing controls
- Addressing challenges and obstacles during fieldwork
- Communication and reporting
- Art of effective communication with auditees
- Structuring audit reports for maximum impact
- Presenting findings and recommendations to stakeholders
Day4
Advanced Topics in Internal Audit
- Fraud detection and investigation
- Recognizing red flags and signs of fraud
- Conducting fraud risk assessments
- Investigative techniques and legal considerations
- IT audits and cybersecurity
- Auditing IT systems, networks, and applications
- Evaluating cybersecurity controls and vulnerabilities
- Ensuring compliance with data protection regulations
Day5
Audit Quality Assurance and Continuous Improvement
- Quality assurance in internal audit
- Establishing an effective internal audit quality assurance program
- Peer reviews, self-assessment, and external assessments
- Incorporating feedback and enhancing audit processes
- Continuous improvement and future trends
- Leveraging audit findings for organizational improvement
- Keeping up with evolving GRC regulations and standards
- Embracing technology trends in internal audit
SPARK Training Certificate of Completion is awarded to participants who attend and complete the full training course.
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