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4 - AAU - Accounting and Financial Auditing

AAU 322 - Internal Auditor Reporting

Code Start Date Duration Venue
AAU 322 03 April 2023 5 Days Istanbul Registration Form Link
AAU 322 12 June 2023 5 Days Istanbul Registration Form Link
AAU 322 07 August 2023 5 Days Istanbul Registration Form Link
AAU 322 02 October 2023 5 Days Istanbul Registration Form Link
AAU 322 27 November 2023 5 Days Istanbul Registration Form Link
AAU 322 18 December 2023 5 Days Istanbul Registration Form Link
Please contact us for fees


Course Description

The audit department is evaluated based on the quality of the main outputs, the most important of which is the audit report. In many cases, the effectiveness of the audit itself is affected by the quality of the audit report. It is important that the report be highly professional and deliver the required message in a clear, concise, and unambiguous manner.

This course will enable auditors to write and prepare audit reports in an effective and persuasive manner.

Course Objectives

  • Informing participants of the (IIA) standards for preparing the internal auditor's report and working documents
  • Enabling participants to prepare the internal auditor's report and prepare summaries
  • Introducing the participants to the way of formulating the observation with its five pillars
  • Enabling participants to categorize observations according to risks: Risks Based Auditing (RBA) 
  • Presenting audit results in a clear and concise manner
  • Define the target audience and adopt the writing style accordingly
  • Producing a draft audit report
  • Introducing participants to the procedures for following up on reports and implementing recommendations

Who Should Attend?

  • Internal auditors
  • Heads of Auditors
  • Internal audit managers and their assistants
  • Employees of government regulatory agencies
  • All internal auditors and auditors who are required to prepare and revise audit reports

Course Details/Schedule

Day 1

  • The main principles and rules of internal auditing according to IIA standards.
  • The concept of internal audit and its objectives.
  • Internal audit in light of international standards
  • International Standards for Auditing and Internal Auditing
  • The evolution of the role of internal audit to meet the requirements of governance
  • Formation of internal audit committees and their role in oversighting

Day 2

  • Types of internal audit.
  • Internal audit standards according to the International Institute of Internal Auditors IIA.
  • Attribute Standards.
  • Performance Standards.
  • The Internal Auditors Code of Ethics issued by the IIA.
  • The internal audit relationship with the audited work centers

Day 3

  • The opinion of the internal auditor on the results of the internal audit tasks.
  • Risk Based Audit (RBA)
  • The technical means necessary to implement the internal audit process.
  • Governmental audit

Day 4

  • Advanced Strategies in Internal Audit
  • Financial audit
  • Review of systems, policies, and plans
  • Checking the internal control system
  • Operations review

Day 5

  • What are the levels of classification of report notes by risk?
  • What are the criteria adopted for classifying observations according to the degrees of risk?
  • Practical procedures for applying classification criteria through practical case studies that include their application to actual observations
  • What are the effects of classifying observations according to risk on the opinion of the internal auditor?
  • Procedures for following up on the internal auditor's report