Modern Internal Auditing

To enable participants adopt and practice modern approaches in internal auditing

CONTENT

Concept and objectives of internal auditing

– Definition of internal auditing

– The changing nature of internal auditing

The role and functions of internal auditing Internal audit charter

– The nature of internal audit, objectives, authorities, duties and responsibilities, procedures

Audit program/Audit Planning Fraud and Errors

– Definition of Fraud and Errors

– Prevention, Detection and Correction of Fraud and Errors

Audit Evidence

– Sources of Audit Evidence

– Methods of Obtaining Audit Evidence

Management Audit

– Definition

– Scope

– Types of Management Audit

The Audit of Computerized System

– The risks of using computers

– The Concept of Internal Control in Computerized Environment

– Technical Methods of Auditing Computer Based   Accounting Systems

Audit Reports

– Types of Reports

– The Process of Preparing Internal Audit Reports

– Form and Content of internal Audit Reports

FOR WHOM: Internal Auditors desirous of adopting modern internal auditing techniques in their workplace.

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.