Modernizing and Upgrading the Internal Audit Function

This workshop addresses the key points and steps in research, prepare and implement to ensure that internal audit department improved the management; internal control processes and thereby adds value to its organization. It also teaches participants the capacity to develop and improve the auditing function in their respective organizations in order to adopt and maintain international standards of auditing, offer an upgraded level of service to financial institutions through quality of information, and gain public confidence in the auditing process.

* Overview of Internal Audit

 - Defining Internal Audit

 - Functions of Internal Audit Department

 - Role of Audit Committee

 - Selecting and Staffing Internal Audit Function

* Mandatory Guidance

 - Core Principles

 - Audit Standards

 - Code of Ethics

 - Recommended Guidance

* Audit Project Planning

 - Plan an Audit Project

 - Creating Audit Engagement Plans

 - Performing the Work

* Risk Assessment/Control Evaluation

 - Major Risk and Control Frameworks

 - Risk Management Principles

 - Internal Audit’s Engagement

* Corporate Governance

 - Corporate Governance

 - Compliance/Ethics

 - Coso Internal Control

* Internal Auditing (IA) Today

 - Ideas to enhance IA Innovation

 - Auditing Strategic Initiatives

 - Emerging Issues and Innovation

 - Challenges that IA could experience

FOR WHOM: All Internal Auditors, IT Personnel, IT Managers, Supervisors, Business Analysts, Data Mining in the Public and Private Sectors.

TRAINING METHODOLOGY

The training methodology combines lectures, discussions, group exercises and illustrations. Participants will gain both theoretical and practical knowledge of the topics. The emphasis is on the practical application of the topics and as a result participant will go back to the workplace with both the ability and the confidence to apply the techniques learned to their duties.