Course Overview
Internal auditing and control have become essential functions in both corporate and public sector organizations. They provide independent, objective assurance and advisory services aimed at enhancing organizational efficiency and effectiveness. Key services include detecting and preventing fraud, testing internal controls, and ensuring compliance with company policies and government regulations.

Learning Objectives
By the end of this course, participants will be able to:

• Understand the scope and function of internal audit within the organization.
• Recognize the relationships between internal auditors and stakeholders.
• Differentiate between operational, compliance, and financial internal audits.
• Design risk-based audit engagements, defining objectives, scope, and considerations.
• Understand governance frameworks, codes, legislation, and organizational principles.
• Identify, assess, and manage business risks effectively.
• Formulate reports, identify reportable items, and communicate findings efficiently.
• Comprehend organizational ethics and the role of internal auditing in fraud prevention, detection, and investigation.

Training Methodology
This practical, results-focused program is based on adult learning principles. It includes:

• Interactive lectures with engaging PowerPoint presentations
• Videos and case studies to reinforce learning
• Group discussions and action planning
• Q&A sessions and practical exercises

Pre- and post-course assessments will measure participants’ knowledge, skills, and training effectiveness.

Target Audience
This course is ideal for:

• Internal auditors seeking to update their knowledge and understand their role in the audit process
• Accountants who wish to understand audit scope and their responsibilities
• Financial executives seeking insight into the regulatory audit environment
• Supervisors and managers looking to refresh their knowledge of internal auditing
• Public sector personnel needing a better understanding of internal audit functions
• Professionals involved in audit preparation or execution

Course Contents

Module 1 – Introduction to Internal Auditing

• Key Topics:
  • Definition and scope of internal auditing
  • Roles and responsibilities of internal auditors
  • Relationships with the board of directors, senior management, and audit committee
  • Types of engagements: assurance and consulting
  • Types of audits: operational, financial, and compliance

Module 2 – Engagement Process

• Key Topics:
  • Planning the engagement: objectives, scope, and risk considerations
  • Resource allocation and work program development
  • Tools and techniques for executing engagements
  • Performing the audit and communicating results
  • Evaluating the effectiveness of audits

Module 3 – Organizational Governance and Risk Management

• Key Topics:
  • Corporate governance principles, frameworks, codes, and legislation
  • Audit committee roles and internal audit’s contribution
  • Risk identification, assessment, and control frameworks
  • Enterprise Risk Management (ERM) methods and structures
  • Risk assessment models and methodologies

Module 4 – Reporting

• Key Topics:
  • Identifying and reporting audit findings
  • Effective communication of results: criteria, methods, and quality standards
  • Disclosure of non-compliance
  • Evidence collection and opinion formulation
  • Follow-up procedures

Module 5 – Ethics and Fraud Overview

• Key Topics:
  • Organizational ethics and integrity
  • Internal audit’s role in ethics enforcement
  • Fraud prevention, detection, and investigation
  • Practical case study analysis