Course Details/Schedule

Day 1

• Foundations of Internal Auditing
• Interpret The IIA's Mission of Internal Audit
• Definition of Internal Auditing
• Core Principles for the Professional Practice of Internal Auditing
• The purpose, authority, and responsibility of the internal audit activity
• The requirements of an internal audit charter
• The difference between assurance and consulting services provided by the internal audit activity
• Independence and Objectivity
• Organisational independence of the internal audit activity
• Assess and maintain an individual internal auditor's objectivity
• Analyse policies that promote objectivity

Day 2

• Proficiency and Due Professional Care 
• The knowledge, skills, and competencies required
• Due professional care
• Quality Assurance and Improvement Program 
• The required elements of the quality assurance and improvement program
• The requirement of reporting the results of the quality assurance and improvement program to the board or other governing body
• appropriate disclosure of conformance vs. nonconformance with The IIA’s International Standards for the Professional Practice of Internal Auditing

Day 3

• Governance, Risk Management, and Control 
• The concept of organisational governance
• The impact of organisational culture on the overall control environment 
• Organisation's ethics and compliance-related issues, alleged violations, and dispositions
• Corporate social responsibility
• Fundamental concepts of risk and the risk management process
• Globally accepted risk management frameworks appropriate to the organisation
• The effectiveness of risk management within processes and functions
• The appropriateness of the internal audit activity’s role in the organisation's risk management process
• Interpret internal control concepts and types of controls
• Globally accepted internal control frameworks appropriate to the organisation 
• The effectiveness and efficiency of internal controls

Day 4

• Fraud Risks 
• Risks and types of frauds and determine whether fraud risks require special consideration when conducting an engagement
• Evaluate the potential for occurrence of fraud 
• Controls to prevent and detect fraud and education to improve the organisation's fraud awareness
• Techniques and internal audit roles related to forensic auditing
• Managing the Internal Audit Activity
• Internal Audit Operations
• Establishing a Risk-based Internal Audit Plan
• Communicating and Reporting to Senior Management and the Board

Day 5

• Planning the Engagement 
•  Performing the Engagement 
• Information Gathering
• Analysis and Evaluation
• Engagement Supervision

Day 6

• Communicating Engagement Results and Monitoring Progress
• Acceptance of Risk
• Engagement outcomes
• Follow-up of the disposition of audit engagement results communicated
• Business Acumen
• Organisational Objectives, Behavior, and Performance
• Organisational Structure and Business Processes
• Data Analytics

Day 7

• Information Security 
• Types of common physical security controls
• The various forms of user authentication and authorisation controls
• The purpose and use of various information security controls

Day 8

• Data privacy laws and their potential impact on data security policies and practices
• Emerging technology practices and their impact on security
• Existing and emerging cybersecurity risks
• Cybersecurity and information security-related policies

Day 9

Day 10

• Financial Management 
• Concepts and underlying principles of financial accounting
• Advanced and emerging financial accounting concepts
• Interpret financial analysis
• Revenue cycle, current asset management activities and accounting, and supply chain management
• Capital budgeting, capital structure, basic taxation, and transfer pricing 
• Managerial Accounting