Best Practice in Internal Auditing

All auditors have moments when they are working on a problem, trying to determine the best course of action in a given circumstance and they wonder how their colleagues handle similar situations. This workshop will use best practice to help participants transform their audit departments, create a desired culture, market their valuable capabilities and measure the results.

CONTENT

Audit Planning

– Audit planning process

– Planning the audit approach

– Assess preliminary scope area

Interviewing

– Planning and conducting interviews

– Observation

Process Documentation

– Basic narrative and a flowchart

– Create a narrative or flowchart

– Advantages and disadvantages

Audit Program

– Developing and using of audit program

– Controls preventive or detective

– Testing objectives

– Tailoring audit program

Reporting

– Audit Reports

– Components of an audit report

– Determining the readers of audit reports

– Quality of an audit opinion

Team work

– Essentials of teamwork to audit project

– Various teamwork related factors

Testing

– Methodologies used to gather audit evidence

– Sampling and testing approaches

– Components of an audit work paper

– Draft an audit work paper

FOR WHOM: All Internal and External Auditors, Middle and Senior Managers, Forensic Accountants, Financial Investigators and others who perform related functions in the Public and Private Sectors.

TRAINING METHODOLOGY

The training methodology combines lectures, discussions, group exercises and illustrations. Participants will gain both theoretical and practical knowledge of the topics. The emphasis is on the practical application of the topics and as a result participant will go back to the workplace with both the ability and the confidence to apply the techniques learned to their duties.