Developing, Improving and Monitoring the Internal Audit Function

Introduction

Delegates attending this Developing, Improving & Monitoring the Internal Audit Function training course will have the desire to develop or improve their own organization’s internal audit function. The development, improvement and monitoring of a highly-integrated, internal audit function is essential for the continued financial success, stability and growth of world-class organization.

A well designed and effective internal audit system will provide verification and support that accounting and financial policies, procedures and controls are working adequately. It will establish a system of internal controls and procedures enabling the organization to protect itself from the risk of fraud and meet national and international regulatory requirements. Effective auditing not only reduces risk but also improves procedures, efficiency and profitability.

This GLOMACS Developing, Improving & Monitoring the Internal Audit Function training course will feature:

• The Role of Audit Staff and the International Standards of the Internal Audit Department required to establish an effective Internal Audit Department
• The different Types of Audit and the benefits to be obtained from each
• Efficient Planning, Controlling and Recording of an Audit Assignment
• Internal Audit Examinations, Controls & Documentation
• Planning and Conducting the Audit Exit Conference and Post Audit Review

Objectives

By the end of This Developing, Improving & Monitoring the Internal Audit Function training course, participants will be able to:

• Understand the role and function of an Internal Audit Department and Staff
• Undertake various types of audit to effectively control and monitor policies, procedures and performance
• Evaluate the effectiveness of Internal Controls and Security Policies
• Understand audit risk and efficiently plan, control and record an audit assignment
• Conduct efficient Audit Exit Conferences and Post-Audit Reviews

Training Methodology

This Developing, Improving & Monitoring the Internal Audit Function training course will utilise a variety of proven adult learning techniques to ensure maximum understanding, comprehension and retention of the information presented. This Developing, Improving & Monitoring the Internal Audit Function training course is interactive and challenges one to think. The tutor will guide and facilitate learning, using direct input, discussions, case studies, exercises and video.