Newly
and recently qualified accountants making a transition from external audit to
internal audit.
Maximum Number:
12
Time commitment /cost:
1
day / £375 (discounts for multiple bookings and/or booking Audit Reports
that make things happen))
Course documentation:
Binder
with narrative text, slides, examples, case studies & exercises
Only
for those who don't know about it is internal audit just like external audit
spread over a wider area of the business. Building on the professional
knowledge and discipline of the external auditor this course highlights the
increased authority and scope of internal audit since Turnbull and shows how
the internal auditor can influence management and challenge the business to
succeed.
Objectives By the end of the day delegates should be able to:
Explain the difference between external audit and internal
audit and their relationship to corporate governance and the management of
risk
Understand the purpose of internal audit processes such as
planning, fieldwork, reporting and gaining management commitment to action
Conduct competent interviews for information and document
their audit work to a consistent standard
Compile straightforward and accessible internal audit
reports
Feel more confident that they can influence audit clients
and add value to their organisation
Outline of the Day
Introduction
and objectives
Introducing the course leaders and the participants.
Setting objectives and expectations
· Exercise: how internal audit fits into
participants' organisations
Testing
and evaluating controls in internal audit
Non-financial processes and controls
Evaluating controls - case study
Corporate
governance, risk management and internal audit processes
How internal audit fits into corporate governance and the
management of risk
The relevance of Institute of Internal Auditing
Standards
Planning an internal audit - interactive exercise
Conducting fieldwork: client processes and audit
programmes
Internal audit reporting - interactive exercise
Documenting
internal audit work
Basic requirements
Adding value - interactive exercise
Writing internal audit reports
Convincing the client - exercise
Interviewing for information
Gaining entry with the client - interactive exercise
Planning the interview - case study
Balancing listening and questioning - interactive exercise
Making
recommendations that lead to action
The barriers to change
Getting to agreed actions - interactive exercise
Reflection Point and Conclusion
Pulling together the learning
Translating it into an action plan with SMART goals to put
in practice back at work.
