- TypeTraining or Development Class
- Location Nairobi, Kenya
- Date 04-10-2021 - 08-10-2021
Education/Teaching/Training/Development
Accounting/Financial/Banking/Insurance
EFFECTIVE INTERNAL AUDIT SEMINAR
Start Date: 04/10/2021 End Date: 08/10/2021 for 5 days
Register online: https://skillsforafrica.org/course/151
Organizer: Skills for Africa Training Institute (https://skillsforafrica.org)
Course fee: USD 1,200
INTRODUCTION
Internal Audit provides a number of important services to an entity’s management. These include detecting and preventing fraud, testing internal control, and monitoring compliance with an entity’s policy and procedures and government regulation. Internal Audit helps an organization accomplish its objectives by bringing a systematic, disciplined approach to evaluate and improve the effectiveness of risk management, control and governance processes. This extensive training program addresses the functions, role and the importance of internal audit for any given organizational structure and covers each of its aspect thoroughly.
COURSE OBJECTIVES
By the end of the course the participant should be able to:
DURATION
5 Days
WHO SHOULD ATTEND
This training course is the best suite for:
COURSE CONTENT
Risk and internal audit overview
· Definition of risk & Types of risk in an organization
· Functions of management: planning, organizing, implementing and controlling
· Defining internal audit
· Internal audit as a function of corporate governance
· Distinguishing internal from external auditing
· Scope of internal auditing: the internal audit charter
· Staffing the internal audit function
· Role of an audit committee.
Internal audit standards
· Attribute standards
· Performance standards.
Types of internal auditing
· Performance & Operational auditing
· Financial auditing: accounting cycles audited by the internal audit function
· Compliance auditing.
Internal audit implementation: fieldwork guidelines
· Information gathered by internal auditors
· 4 qualities of information
· Sources and nature of information
· Assessing the degree of persuasiveness
· Types of engagement procedures
· Internal audit test tools
· Observing, interviewing and examining records
· Internal audit working papers
· Best practices for managing working papers
· Retention policies
· Communicating fieldwork results and recommendations
· Legal considerations for communicating results
· Attributes of an observation or recommendation
· Disseminating results and exit meetings.
The fieldwork: risk-based auditing
· Defining management assertions
· Risk assessment process
· Identifying entity level controls to mitigate risks
· Testing of internal controls
· Tips and tools for audit sampling.
Fraud
· Definition and characteristics of fraud
· Internal auditor’s role in a fraud case.
GENERAL NOTES
· This course is delivered by our seasoned trainers who have vast experience as expert professionals in the respective fields of practice. The course is taught through a mix of practical activities, theory, group works and case studies.
· Training manuals and additional reference materials are provided to the participants.
· Upon successful completion of this course, participants will be issued with a certificate.
· We can also do this as tailor-made course to meet organization-wide needs. Contact us to find out more: [email protected]
· The training will be conducted at SKILLS FOR AFRICA TRAINING INSTITUTE IN NAIROBI KENYA.
· The training fee covers tuition fees, training materials, lunch and training venue. Accommodation and airport transfer are arranged for our participants upon request.
· Payment should be sent to our bank account before start of training and proof of payment sent to: [email protected]