Training Objectives

By the end of the programme, participants will:

• Understand the importance and purpose of internal audits in enhancing organisational governance, risk management, and control processes.
• Gain comprehensive knowledge of The International Professional Practices Framework (IPPF) and its relevance to internal auditing standards and practices.
• Explore the internal audit process in practice, including key considerations in audit planning, risk assessment methodologies, and the development of audit objectives aligned with organisational goals.
• Learn effective auditing techniques and the creation of appropriate audit working papers to support audit findings and conclusions.
• Develop the communication skills necessary to effectively convey audit findings and recommendations to management and stakeholders.
• Discuss ethical practices and their significance in maintaining integrity and professionalism within the internal audit function.
• Explore the use of technology in audits and its role in improving audit efficiency, data analysis, and reporting capabilities.
• Understand the importance of clear and concise communication in presenting audit results and recommendations to management for decision-making.
• Gain insights into the structure and components of an annual audit plan for CIFs, including strategic alignment, resource allocation, and audit scheduling.

Training Outline

• Importance and Purpose of Internal Audits
• The International Professional Practices Framework (IPPF)
• Internal Audit Process in Practice
• Auditing Techniques and Documentation
• Communication Skills for Auditors
• Ethical Practices in Internal Auditing
• Technology in Audits
• Clear Communication of Audit Results
• Structure of Annual Audit Plan

Who Should Attend

• COOs
• CFOs
• Directors,
• Senior Managers
• Compliance officers
• National supervisors
• Audit Consultants
• Internal auditors

Training Style

The programme is designed to provide an overview of Internal audit standards and practices for CIFs.

Participants will gain knowledge mainly via live online sessions supported by power-point presentations. At the end of the programme, participants will have the opportunity to pose questions and further discuss during the Q&A session.

CPD Recognition

This programme may be approved for up to 6 CPD units in Internal Audit. Eligibility criteria and CPD Units are verified directly by your association, regulator or other bodies which you hold membership.

In-house Training

For groups within the same organisation, this course may be customized to meet any specific needs and delivered in-house.