How to set up a small Internal Audit Function

Description

This course is in English.

Course Description:

Establishing an internal audit function from the scratch can look like a daunting challenge, but following a structured approach and prioritizing what should be done first can facilitate the process.
A careful approach will also help build trust in organizations that may have no experience with internal audit or may be suspicious of its motives.
Someone has to review/audit if the work is done in compliance with company’s policies and procedures and to ensure that no fraud or abuse is taking place.

Objectives:


• understand core principles of Internal Audit
• understand the importance and benefits of having an Internal Audit Function (IAF)
• Learn the International Standards for the Professional Practice of Internal Auditing (Standards)
• Learn the steps required to set up an Internal Audit Function
• Identify all the necessary policies and procedures required
• Learn the important elements in policies and procedures of the IAF

Main topics/thematology:


• Introduction
• Core Principles
• International Standards for the Professional Practice of Internal Auditing (Standards)
• Setting up the IAF
o Internal Audit Charter
o Internal Audit Manual
o Entity Risk Assessment
o Annual Audit Plan
o Planning and Performing Internal Audit Engagements
o Internal Audit reports
o Follow-ups
• Responsibilities of Internal Audit related to Fraud
• Practice session
• Case Studies - Discussion/Questions


Target Audience :

• Internal Auditors

• External Auditors (offering outsourced Internal Audit services)

• Board of Directors

• Members of Audit Committees

• Chief Executive Owners/Chief Financial Officers

• Business owners

 

CPD accreditation:

The course may be approved for up to 6 CPD units verified directly by the participant's association, regulator or other bodies which holds membership.

 

*Group rates available.   **Early Bird discount may apply. 

 

This course can be offered inhouse, customised to your business needs.

THIS COURSE IS NOT SUBSIDIZED BY HRDA, PLEASE IGNORE THE DOCUMENTS YOU MIGHT RECEIVE UPON YOUR REGISTRATION.

Summary

Course dates

Nov 02 - Nov 02, 2021

Class hours

09:00-15:30

Subsidy

Not subsidised by HRDA

Training certificate

Infocredit Professional Education (IPE)

Method of instruction

online

Language

English

Educational material

digital

Laptop

required

Payment

online

Course Instructors

Chrystalla Kazara
BBA, MBA, AIB, CFE, ACCA,Internal Audit Consultant | Anti-Fraud Strategist | Corporate Trainer

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