Internal Audit Principles

Overview

This workshop provides an intensive conceptual and applied introduction to internal auditing in society. It focuses on concepts and applications related to internal auditors’ professional responsibilities as well as major facets of the audit process including risk assessment and internal audit reporting

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Outcome

define internal audit, its scope, and function within the company

list the internal audit standards constituting the framework of the internal audit activity

distinguish the types of internal audit assignments related to operational, compliance, or financial internal audit

describe the internal audit fieldwork guidelines and apply techniques for risk identification, controls identification, and controls testing

Details

Developed by: Beacon FinTrain
Total Hours: 16 Hrs
Language: English - Bilingual "English & Arabic"
Modalities: 
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Outline

  • Overview of internal auditing lines of defense
  • Roles and responsibilities of internal auditors
  • Differences between internal auditing and external auditing

  • Types of engagements
  • Types of audits The internal audit profession.

  • International Professional Practices Framework (IPPF)
  • Mission of Internal Audit
  • Core Principles for the Professional Practice of Internal Auditing
  • Definition of Internal Auditing
  • Codes of Ethics
  • International Standards for the Professional Practice of Internal Auditing (Standards)
  • Recommended Guidance.

  • Internal audit charter
  • Managing internal audit staff
  • Managing internal audit activity
  • Managing internal audit conflict Outsourcing
  • Quality assurance and improvement program (QAIP)

  • Risk Management and Control
  • Key governance elements
  • Overview of risk management
  • Components of risk management
  • Roles and responsibilities of the participants in risk management

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Who Should Attend

  • Managers and employees who are interested to know about internal audits and what internal auditors do
  • Managers and employees who want to learn about risk and risk assessment
  • Beginner Internal auditors who need practical knowledge to perform an internal audit engagement.

Why Beacon

Quality

Beacon FinTrain prioritizes excellence in every service, ensuring top-notch, reliable, and consistent outcomes that meet and exceed client expectations.

Specialization

We focus on finance, offering expert knowledge and bespoke solutions that cater to the unique needs of finance professionals in the Middle East and Africa.

Punctuality

Time is money. We respect deadlines, delivering precise and timely results to help our clients stay ahead in the fast-paced financial world.

Guidance

Beacon FinTrain is a guiding light in finance, providing insightful advice and support to navigate the complexities of financial markets and regulations.

Integrity

We uphold the highest ethical standards, fostering trust and transparency in all our dealings to build lasting relationships with clients.

Flexibility

Adapting to the dynamic finance sector, we offer versatile services and solutions that align with the evolving needs of our clients.