Internal Auditing is an essential and integral function of all leading international companies. A well designed and effective internal audit system will not only provide verification and support the accounting and financial policies, procedures and controls are working adequately, it will also ensure efficient and effective processes and procedures. Internal auditing is essential to improve performance and profitability protecting both the company and its employees.
All organizations require an appropriate system of internal controls to protect itself from the growing risk of fraud.
Delegates attending this course will have the passion to set up or improve their own organisation’s internal audit function. The development, observing and continued improvement of a highly-integrated, internal audit function is essential for the continued financial success, stability and development of world-class organisations
The participants will have the learn how to develop and/or improve their existing audit function and how to monitor policies, procedures and financial transactions and assets to international standards thereby securing continued financial success, stability and growth of world-class organization.
By the end of the Monitoring and Developing the Internal Audit Function Course, participants will be able to:
Understand the Role and Function of an Internal Audit Department
Evaluate the Effectiveness of the Existing Internal Audit Function
Recommend Improvements to the Existing Audit Function
Monitor the Effectiveness of Policies, Procedures and Financial Transactions to International Standards
Understand Audit Risk and Efficiently Plan, Control and Record an Audit Assignment
Conduct Post-Audit Reviews and Compile Internal Control Updates for Boards of Directors
Explore through the features and functions of Excel®
Distinguish between data and output in spreadsheet architecture.
Examine financial statements in order to prepare.
Build compelling financial planning models.
Use forecasting techniques for budget planning.
This Monitoring and Developing the Internal Audit Function Course is designed for a wide range of professionals involved in the budget process, including, but not limited to:
Senior and Middle Management that Communicate with the Internal Audit Department
Audit Management and Staff Who Wish to Develop Their Audit Skills
Financial and Non-financial Professionals Who May be Appointed to Support or Interface With an Internal Audit Committee
Non-Financial Professionals Whose Role is Subject to Audit