Internal Auditing - Level 2

• 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

Review of Key Audit Function Foundations

• Review of key action points
• Developing organizational specific risk matrices
• Global best practice – case studies & analysis
• Key action points – Delegate action plan development

Risk based auditing

• Identifying areas of risk
• Classifying and quantifying risk areas
• Developing audit and re-audit frequency in line with risk
• Overview of emerging threats

Conducting effective audits

• The role of the auditor as consultant
• Utilising audit reporting to inform organisational policy development
• Continuous improvement initiatives
• Measuring improvement – toolkit to objectively measure and demonstrate audit output improvements

E-Crime

• Opportunistic E-Crime overview
• Sophisticated E-Crime
• Cyber security defence systems
• External accreditation for data security

Engaging with the audit structure

• Making effective recommendations and business cases
• Presenting information effectively – combining written skills and personal presentation skills
• Contribution to the development of the long term audit strategy
• Raising the profile of internal audit within the organisation