Internal Auditing - Level 1

• Delegates who have some experience of auditing, either directly as an auditor or from within the financial function and who are looking to develop a focused and best practice approach to the development of the internal audit function.

Course objectives

• To understand the role of the internal audit function
• To enable the conduct of effective audits and reporting
• To combat the impacts of economic crime
• To engage with stakeholders
• To ensure objectivity of the audit team
• To develop effective internal audit structures

Course content

The role and function of internal audit

• Key goals of the internal audit function
• Ensuring auditor objectivity
• Avoiding conflicts of interest within auditing
• Key skills of the auditor

Conducting effective audits

• Pre-audit planning
• Effective audit sampling techniques
• Recording findings during the audit
• Engaging effectively with stakeholders

Audit structures

• The role of the audit committee
• Developing the audit charter
• The role of the external auditor
• Developing best practice

Economic crime – by organisations

• Money laundering
• Off shoring via corporate structures
• Working with global enforcement agencies
• Developing effective detection, prevention and compliance systems

Audit report writing

• Ensuring objective comments
• Ensuring use of constructive language
• Improvement recommendations
• Continuous improvement techniques