European Institute of Management and Finance | Methods and Techniques for a successful Internal Audit
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Methods and Techniques for a successful Internal Audit

Methods and Techniques for a successful Internal Audit


To provide guidance and updating for the most effective audit techniques according to International Audit Standards, and the Practice Advisories, in addition to best practices for Internal Audit for the entire spectrum of audit activities from data collection to working papers. Furthermore, to provide participants with a series of structured procedures and techniques that should be followed in every audit, in order to be well documented, effective and adding value to the organizations.



Seminar Content


  • Types of Audits – practical examples
  • The basic sequence in audit logic
  • Preliminary review from internal auditor
  • Questionnaires based on audit objectives
  • Meetings with auditees
  • Interviews with the auditees (criteria for effective interviews)
  • Understanding of areas that need to be audited
  • Collection of information
  • Risk identification and risk assessment of the areas under audit
  • Evaluation of basic Internal Control Systems – Internal Control Questionnaires
  • The use of flowcharts
  • Formulation of internal audit programs
  • Analytical internal audit jobs (questions, inspections, audit of the documentation, cross-checking, re-calculations, analytical procedures, confirmations)
  • Types of analytical procedures
  • Audit Documentation (sample size, audit timing, internal vs. external documents, indicators)
  • Audit findings
  • Characteristics of audit findings
  • Audit working papers
  • Types of audit papers and techniques for their preparation
  • Contents of working papers
  • Review of working papers
  • Retention of working papers
  • Audit risks (Inherent risk, Control Risk, Detection Risk)
  • Use of the clause “Reasonable Assurance”
  • Practical examples



Who Should Attend


The seminar will be helpful to all officers and staff working in Internal Audit Units (Chief Audit Executives, Audit Directors, Audit Supervisors, Audit Managers, and Staff Auditors), officers working in Compliance Units, External Auditors and Audit Committee members.