FUNDAMENTALS OF INTERNAL AUDITING

Content

Internal Auditing Defined

• The Value Proposition
• Internal Auditing vs. Accounting
• The Nature and Scope of Modern Internal Audit Services
• Internal Audit Career Paths
• The Role of Internal Auditor in an Organization

Standards and Frameworks

• Objectives of Internal Control
• COSO Internal Control
• Integrated Framework
• COSO Enterprise Risk Management (ERM)
• IT Controls Frameworks

Internal Audit Process

• Introduction to Engagement Process
• Types of Internal Audit Engagements
• Planning the Engagements
• Performing the Engagements
• Conducting Engagement Communications

Audit Report Writing

• Writing Clarity, Concise and Objective
• Different Styles of Reporting
• Draft and Final Reports
• Selling your Recommendation
• Making your Reports Friendly

Internal Controls and the External Audit

• Risk Based Audit Standards
• Risk Analysis Summary
• Control Risk Assessment
• Fraud Risk Assessment
• Control Activities Design and Implementation
• System Descriptions
• Control over Significant Risk

FOR WHOM: Auditors, Internal Control Officers, Compliance Officers and Others who want to sharpen or refresh their knowledge and skills in Internal Auditing.

DATE:              9th – 11th April, 2025

                           8th – 10th October, 2025