COURSE INFORMATION

Scheduled Dates:   10 – 21 Mar 2025 | 09 – 20 Jun 2025 | 08 – 19 Sept 2025 | 08 – 19 Nov 2025

Duration: 2 Weeks

Customized dates and one-on-one sessions can be organized.

PREAMBLE

This course is designed to train participants on the practice of good Auditing for Internal Auditors. The course will equip participants with the ability to understand the Primary functional areas of Auditing. The Internal Audit techniques will also be explored in depth, whereby participants will be asked to relate their training to actual issues and experiences at their place of work.

COURSE OBJECTIVE

Through lectures, group discussions and facilitator presentations, seminar participants will discover how world class audit functions are using participative, qualitative, real time risk assessment and gain an understanding of the most successful audit techniques.

COURSE OUTLINE

The following issues will be discussed:

The New Vision of Internal Auditing
•    The new definition of internal auditing
•    The new understanding of internal control (COSO)
•    Sample audit department mission: Central Maine Power

Audit Department Structure and Annual Planning Process
•    Best practice principles
•    Best practice examples: DuPont, Fannie Mae, Central Maine
•    Power, Pacific Telesis
•    How to plan, monitor, and aggregate results to form an entity wide opinion

Value added Audit Methodologies
•    Best practices principles
•    Risk based auditing
•    Business process auditing
•    Best practice Web site and database
•    Use of guest auditors
•    Auditing e-commerce applications
•   Trends and innovations in audit reports

Control Self Assessment
•    Why internal auditors must use some form of self assessment
•    Control self assessment workshops: two common techniques, case study
•    Self assessment questionnaire
•    Entity wide self assessment survey
•    Uses of self assessment
•    Five principles for evaluating soft controls
•    How to select the best self assessment technique for your  organization
•    Self assessment for hard controls

Other Assurance and Consulting Services
•    Business process improvement
•    Internal control assessment
•    Audit’s role in mergers and acquisitions
•    Becoming the organization's consultant of choice

Enterprise Risk Management
•    Enterprise Risk Management Integrated Framework
•    Examples of ERM Countrywide, Aquila, Texas Comptroller of Public Accounts
•    ERM architecture
•    Sample risk management policy, risk models, risk maps
•    Diagnostic tool for risk management maturity
•    Internal audit’s role in ERM Staffing, Work Environment, Marketing, and Measuring

Staffing and work environment best practice principles
•    Competency model for staffing and career development
•    Career planning form
•    Marketing internal audit
•    Post audit customer survey
•    Audit Department performance metrics
•    How to Get There from Here
•    Audit department customer analysis
•    Creating a shared vision for the future
•    Developing the strategic plan
•    Implementing the plan
•    Discussion guide for customer input
•    Internal audit strategic plan
•    Summary Profile of a Value adding Internal Audit Department

REGISTRATION

 To register, kindly fill the Seminar Registration Form and send it to us through:

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 TERMS AND CONDITIONS OF PAYMENT

1. Fees Payment - All fees are payable strictly in advance 2 working days before the course starting date.
2. Cancellation Fee - Cancelletion of any participant 5 working days before the start day of a course will incur a 20% cancellation fee.
   We regret that no cancellations will be accepted within 2 working days of a course, but substitutions may be made.