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 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.
Methods and Techniques for a successful Internal Audit
For 3 registrations from the same entity, a standard 10% discount will apply. For over 4 registrations please contact us.
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