Advanced Internal Audit Management

Course Introduction

The delegates attending this Advanced Internal Audit Management training course will have the desire to set up or improve their own organization's internal audit function. The development, monitoring and continued improvement 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 verify and support that accounting and financial policies, procedures, and controls are working adequately. An appropriate system of internal controls will be required for the organization to protect itself from the risk of fraud. A practical internal audit function will suggest appropriate internal controls, monitor the effectiveness of these controls, and other tasks that will lead to greater profitability and lower profitability risk for the organization.

Objectives

Upon successful completion of this training course, the delegates will be able to:

• • Understand the role and function of an Internal Audit Department
  • Develop an Audit Committee Charter for a Board of Directors
  • Evaluate the effectiveness of in-place internal controls and security policies
  • Understand audit risk and efficiently plan, control and record an audit assignment
  • Conduct post-audit reviews and compile internal control updates for Boards of Directors

Training Methodology

This Advanced Internal Audit Management training course will combine presentations with trainer-guided interactive discussions between participants relating to their interests. Practical exercises, video material and case studies aiming at stimulating these discussions and providing maximum benefit to the delegates will support the formal presentation sessions.

Professional Impact

The delegates will increase their knowledge of and performance abilities as follows:

• Understanding good management practice in quality and value-based auditing
• Passing on best practice knowledge to staff they meet during audits
• Documenting and presenting to management observations and concerns in a concise manner so that improvement can be ascertained
• Advising their organization in improvement in quality, and value
• Advising supplier organizations in improvement in quality and value
• Gaining knowledge of parts of their organization that they would not usually see, thus offering themselves greater flexibility to take on responsibilities in a broader range of departments

Target Audience

This training course is suitable to a wide range of professionals but will greatly benefit:

• Accounting and Financial Professionals 
• Senior Management that is 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
• Audit Staff that may need to coordinate other activities with an internal audit department and/or share findings, reports or information

Daily Topics

For Registration, Course Outline & more information please contact

NAYEL Training Centre 

T: +971 4 379 7245 | M: +971 50 249 6876 WhatsApp +971 50 249 6876

Email [email protected]