Architecting a High-Impact Internal Audit Function

Job description

Developing, Improving & Monitoring the Internal Audit FunctionID 322Finance and Accounting Training CoursesCourse:Developing, Improving & Monitoring the Internal Audit FunctionDelegates attending this 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 provide verification and support that accounting and financial policies, procedures and controls are working adequate. An appropriate system of internal controls will be required for the organization to protect itself from the risk of fraud and an effective internal audit function will suggest suitable internal controls, monitor effectiveness of these controls along with other tasks that will lead to greater profitability and lower risk for the organization.This course will feature: The issuance of Audit ReportsThe different types of audit and the benefits to be obtained from eachDeveloping an Internal Audit DepartmentEfficient Planning, Controlling and Recording of an audit assignmentWhat are the Goals? By the end of this course, participants will be able to: Understand the role and function of an Internal Audit Department.Develop an Audit Committee Charter for a Board of DirectorsEvaluate the effectiveness of in‐place internal controls and security policies.Understand audit risk and efficiently plan, control and record an audit assignmentConduct post‐audit reviews and compile internal control updates for Boards of DirectorsWho is this Course for? This course is suitable to a wide range of professionals but will greatly benefit: Accounting and financial professionals and senior management that are presently or may interface with the daily functioning of an internal audit departmentFinancial 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 purposesNon‐financial professionals that may need to coordinate other activities with an internal audit department and/or share findings, reports or informationHow will this be Presented? This course will utilise a variety of proven adult learning techniques to ensure maximum understanding, comprehension and retention of the information presented. This course is interactive and challenges one to think. The tutor will guide and facilitate learning, using direct input, discussions, case studies, exercises and video.The Course Content Day One : Defining and Developing the Internal Audit Process and Establishing the Roles within the Internal Audit Dept.Defining, developing and implementing an Internal Audit FunctionDefining the distinctions and responsibilities between Internal and External AuditorsIdentifying the Internal Audit Staff PositionsDeveloping the Audit Committee Charter for a Board of DirectorsReview of Statements on International Auditing Standards Update and General Auditing Practice IssuesIdentifying Internal Audit Staffing RequirementsDay Two : Examining & Understanding the Differences between Various Types of Audits, including Risk FactorsOperational AuditsCompliance AuditsFraud and Forensic AuditsInformation Systems AuditsReview of Current Year U.S. Audit Risk AlertsDay Three : Selecting, Procedural Planning & Commencing Internal Audit ExaminationsDeveloping Streamlined Processes for Conducting Internal Audit ExaminationsIdentifying Effective Audit Programs for the Various Types of AuditsEvaluating and Selecting Internal Audit MethodologiesNotifying the Internal Auditee and Supervisors of the Internal Audit Examination and Promoting Cooperation and Assistance in Achieving Common GoalsEvaluating Internal Controls Systems and Accessing Network and Computer Files and FoldersEffecting Changes to an In-Process Internal Audit ExaminationDay Four : Managing Internal Audit Examinations & Ensuring the Credibility for the Internal Audit TeamPlanning the Audit Commencement Conference MeetingAccumulating Relevant Documentation during the Internal Audit ProcessProfessional Standards and Responsibilities Associated with Internal Auditing DocumentationTools and Methods for Ensuring a Smooth Audit ProcessTechniques for Ensuring Credibility for the Internal Audit TeamDay Five : Issuing Reports, Conducting Exit Conferences & Implementing Corporate Governance PoliciesCommunicating Audit Findings and Suggestions for Areas of ImprovementPlanning the Audit Exit Conference MeetingDistributing the Final Internal Audit Report within the OrganizationConducting Post‐Audit ReviewsInternal Controls Updates for Boards of DirectorsAudit Risk Developments and Projects on the Near Term Horizon

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Extra information

Status

Open

Education Level

Secondary School

Location

London

Type of Contract

Full Time Jobs

Published at

02-04-2026

Full UK/EU driving license preferred

No

Car Preferred

No

Must be eligible to work in the EU

No

Cover Letter Required

No

Languages

English