Best Practice in Corporate Internal Auditing-Compliance, Risk Management and Fraud Control Course

The workshop will highlight current trends and practices in corporate in internal auditing. Issues to be discussed include:

• The wider scope of roles and responsibilities of a modern internal auditor.
• Audit planning methods
• Systems documentation review and upgrading
• How to write an effective audit report
• How the internal auditor should relate to managers in other departments as well as the external auditors
• Computer auditing techniques
• Financial Investigations
• The vexed issue of Corporate fraud: Types, Causes, Detection and Management
• The internal auditor as the watchdog of management and the issue of independence of the internal auditor.
• Challenges of the future.

Partial Content:

• Fundamentals of Pro-Active Internal Auditing
• Widened scope of duties and responsibilities of today’s internal auditor
• Relationship of the internal audit department and other department and other department and other departments
• Compliance Programme & Reporting
• Relationship between internal auditors and externals auditors
• Peculiarities of public sector auditing: public accounts committee, the alarm system, the auditor general’s role ect.
• The audit committee and the intern auditor.
• Internal audit as a cost tool
• COSO FRAMEWORK
• Independence of the internal auditor.
• Risk Management Best Practice
• Audit Planning Methods
• Principles governing an audit: integrity, objectivity, independence, and confidentiality
• Confidentiality etc
• Assessment of existing controls and inherent risk
• Preparation of the audit programme
• Audit working papers: audit manuals, programme documents etc.
• Adequate staffing for the audit function
• The audit supervision chain
• Enthroning Fraud Preventive Internal Control System
• Definition of internal control system
• Internal control systems and procedures

Who Should Attend?

• Internal auditors
• Finance & Accounting Officers
• Internal controls officers
• Planning Officers
• Financial auditors
• Procurement officers

Compliance