Essentials of Internal Audit

Why you should attend

• This course covers everything you need to know as a newcomer to Internal Audit regarding the most up to date audit practices.
• If you have staff who are new to Internal Audit you will want them to learn the best audit practices and be able to apply them efficiently.
• The course will introduce you to the worldwide best practice and how to apply it
• Maybe you have auditors who are returning to the function, or staff who are to be seconded to you for a period of time? You will want them to learn about the changing role of the audit function.
• Perhaps you work in a line function with responsibility for providing assurance to the board and need a fuller understanding of the internal audit role.

After completing this course you will be able to:

• Apply the theory and practice of modern internal audit
• Comply with the key aspects of the IIA professional standards
• Plan audit assignments effectively
• Work with other assurance providers to coordinate your efforts
• Develop testing plans to ensure optimum coverage
• Plan pre-meetings, audit interviews and clearance meetings with confidence
• Recognise the key steps to audit independence
• Write efficient and effective audit reports     

Who should attend

• Newcomers to internal audit and those with less than 2 years experience.
• Personnel returning to internal audit after a number of years
• Established auditors who need practical guidance on the changing role of the function
• Personnel from other assurance functions

Course Level

• This is a basic level course and delegates are not required to have any previous experience in Internal Audit to attend
• No advance preparation is required
• Delivery method – On-line-live (with exercises and role-plays to simulate audit scenarios and situations that new auditors will encounter)

After completing this course you will be able to

• Apply the theory and practice of modern internal audit
• Comply with the key aspects of the IIA professional standards
• Plan audit assignments effectively
• Work with other assurance providers to coordinate your efforts
• Develop testing plans to ensure optimum coverage
• Plan pre-meetings, audit interviews and clearance meetings with confidence
• Recognise the key steps to audit independence
• Write efficient and effective audit reports
  

CPE credits

Business Risk Management Ltd is a certified training provider and participants will earn 10 CPE credits in the Auditing field of study.

Phil Griffiths, FCA

Phil Griffiths is founder and Managing Director of Business Risk Management Ltd.

A Chartered Accountant, he has over 30 years experience in risk management, Corporate Governance, internal audit and fraud prevention as practitioner, professional adviser, facilitator and trainer.

His areas of specialism are:

• Assisting Senior Management to identify, manage and then exploit the risks within their business via facilitated business risk management programmes
• Helping Internal Audit functions to implement world class standards.
• Developing fraud prevention, detection and investigation programmes
• Training both private and public sector organisations in all the above disciplines.

He has extensive experience of the European, Asian, Middle Eastern, and African markets having trained professionals from over 1000 organisations in these regions during the past 15 years

He has extensive experience of managing and auditing major International projects. He has also direct experience of negotiating major contracts (including the largest mobile telecommunications contract in the world at the time)

Phil has developed strategic alliances with professional bodies and world renowned training companies, to deliver training and consultancy services across Europe, Asia, the Middle East and Africa.

He has developed over 300 training courses on all aspects of internal audit, risk management and fraud and delivered them across the globe.

He has led risk management programmes for more than 120 private and public sector clients tailored specifically to include facilitated workshops, development of risk strategies and assistance with implementation

He is an accomplished author. His book ‘Risk Based Auditing’ is an international best seller and his new book ‘Enterprise Risk Management – the key to business success’ is receiving much acclaim

Phil has published research into many aspects of internal audit and risk management best practice, including “Strategic Risk management” “The Need to Co-ordinate Assurance Providers” and “The Expectations of Chief Executives towards Internal Audit and its future”

He is recognised as an accomplished and charismatic facilitator, trainer and lecturer and is in continual demand to speak at the most prestigious events on risk management, internal audit and fraud.

Course Fee and Timings

The fee for the 2-day course is GBP 500 (US$ 650) which includes comprehensive course materials. The course will consist of three 1.5 hour sessions each day.