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
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DATES: 29, 30 May

DURATION: 10 Hours

LOCATION: CMS Training Centre, Limassol

TIME: 9:00 - 15:00

FEES: €220 + VAT

Start DateCourse TitleLocationCPD UnitsStatus
29 MayMethods and Techniques for a successful Internal AuditLimassolCOMPLETED
5 JulyAudit Report WritingNicosiaUPCOMING

Participants can choose to attend the course and will receive a certificate of attendance indicating successful participation indicating topics covered

If you need help completing the online registration form, please give us a call at 2227 4470 or email us at 

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.

Trainer: Konstantinos P. Triantafyllidis

Past President of the Greek Institute of Internal Auditors (IIA Greece) for the period 2003-2008. Mr.  Triantafyllidis  is a graduate of the Athens Economic University in Economic Science and holds an MBA in Banking. He is currently an Internal Audit consultant while he has over 30 years’ experience in external auditing, internal auditing in the banking sector and as  Internal Audit Manager in various subsidiaries of Greek Banking Groups. Additionally he has obtained significant further training and practice in Internal Control Systems, Internal Audit and Risk Management and global best practices in auditing . He is a Certified Internal Auditor (CIA), a Certified Financial Services Auditor (CFSA) and possesses the Certification in Control Self-Assessment (CCSA). Furthermore he is a Certified Fraud Examiner (CFE) and Accredited Valuator of the Audit Activity by the International Institute of Internal Auditors (The IIA) a field where he is very actively involved. He is member of the External Quality Evaluators of Internal Audit Units of Eurozone’s Central Banks.


He has participated in a large number of international and domestic seminars, conferences and events as an instructor and as a representative of the Greek Institute of Internal Auditors. He has extensive training experience in internal audit topics and serves for many years as exclusive trainer of the Greek Banking Association. He is the past President of the Greek Institute of Internal Auditors (IIA Greece, 2002-2008) and member of the Audit Committee of the Greek Ministry of Economics.