Delegates attending this course will have the desire to develop or improve their own organization’s internal audit function. The development, improvement and monitoring of a highly-integrated, internal audit function is essential for the continued financial success, stability and growth of world-class organization.

A well designed and effective internal audit system will provide verification and support that accounting and financial policies, procedures and controls are working adequately. It will establish a system of internal controls and procedures enabling the organization to protect itself from the risk of fraud and meet national and international regulatory requirements. Effective auditing not only reduces risk but also improves procedures, efficiency and profitability

  • Understand the role and function of an Internal Audit Department and Staff.
  • Undertake various types of audit to effectively control and monitor policies, procedures and performance
  • Evaluate the effectiveness of Internal Controls and Security Policies.
  • Understand audit risk and efficiently plan, control and record an audit assignment
  • Conduct efficient Audit Exit Conferences and Post-Audit Reviews

Day 1

Internal & External Auditing and the Role & International Standards of the Internal Audit Department

  • Defining the Distinctions and Responsibilities between Internal and External Auditors
  • Identifying the Internal Audit Staff Positions
  • Identifying Internal Audit Staffing Requirements
  • Techniques for Ensuring Credibility for the Internal Audit Team
  • Developing the Audit Committee Charter for a Board of Directors
  • Review of Statements on International Auditing Standards Update and General Auditing Practice Issues

Examining & Understanding the Differences between Various Types of Audits, including Risk Factors

  • Fraud and Forensic Audits
  • Compliance Audits
  • Operational Audits
  • Information Systems Audits
  • Financial Audits
  • Risk Factors & Audit Risk Alerts

Day 2

The Audit Process, Programs and Planning & Commencing Internal Audit Examinations

  • Developing Streamlined PROCESSES for Conducting Internal Audit Examinations
  • Identifying Effective Audit PROGRAMS for the Various Types of Audits
  • Risk-Based IT Audit Procedures
  • Key Considerations for your Internal Audit Plan
  • 20 Questions Directors Should Ask about Internal Auditing
  • The Audit Commencement Conference Meeting
  • Demonstrating professional competency

Day 3

Fieldwork: Internal Audit Examinations, Controls & Documentation

  • Evaluating Internal Controls & Substantive Procedures
  • A Detailed Examination of the Budget Process & Budgetary Controls
  • Planning & Conducting Audit Interviews
  • Accumulating Relevant Documentation during the Internal Audit Process
  • Professional Standards and Responsibilities Associated with Internal Auditing Documentation
  • Sampling & Statistical Analysis to ensure a Representative Sample

Day 4

Outbound Activities Aimed At Improving:

  • Communication
  • Teamwork
  • Confidence
  • Motivation

Day 5

The Audit Exit Conference, Findings and Post Audit Review

  • The Internal Audit Draft & Final Report: – Findings and Suggestions for Areas of Improvement
  • Planning the Audit Exit Conference Meeting
  • Distributing the Final Internal Audit Report within the Organization
  • Client Survey
  • Conducting Post-Audit Reviews/Follow Up Audit
  • Improving Corporate Governance

  • Accounting and financial professionals and senior management that are presently or may interface with the daily functioning of an internal audit department
  • Financial and non-financial professionals who may be appointed to support or interface with an Internal Audit Committee or that might review internal audit findings for Boards of Directors or investor/shareholder reports for other informational purposes
  • Non-financial professionals that may need to coordinate other activities with an internal audit department and/or share findings, reports or information

  • Face To Face
  • Role playing
  • Post session assessment
  • Video presentation
  • Case study

  • English
  • Indonesia