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4 - AAU - Accounting and Financial Auditing

AAU 201 - Internal Audit Basics

Code Start Date Duration Venue
AAU 201 09 October 2023 5 Days Istanbul Registration Form Link
AAU 201 04 December 2023 5 Days Istanbul Registration Form Link
Please contact us for fees


Course Description

Recent events including global financial crises have emphasized need for internal auditing within corporate governance structures. Internal audit function is now mandatory by most stock exchanges, furthermore, internal audit is considered good practice & advisable as part of underlying control framework & financial management capacity of a project, particularly if complex &/ or decentralized.

Course Objectives

  • Gaining a foundation of knowledge about the basics of auditing
  • Preparing for and conducting a successful audit
  • Using preliminary surveys and evidence-gathering techniques
  • Understanding how to identify risks and internal controls in auditing
  • Understanding interpersonal and team-building skills

Who Should Attend?

  • Internal Auditors needing training on process audits
  • Internal Auditors who want to improve their understanding and process auditing skills
  • Any individual who wants to become an internal auditor and cannot attend a formal classroom
  • Any individual who wants to gain credit hours towards maintaining certification in internal audits
  • Personnel in other function who need a better understanding on the modern internal audit role

Course Details/Schedule

Day 1

  • Applicable Standards
  • Codes of ethical conduct
  • Introduction and principles
  • Integrity, objectivity, confidentiality, & competency
  • Internal audit charter

Day 2

  • Independence of the internal audit activity
  • Objectivity of the internal auditors
  • Auditor proficiency
  • Due professional care

Day 3

  • Overview of control
  • Classifying controls
  • Accounting cycles and associated controls
  • Control frame work
  • Enterprise Risk Management (ERM)
  • Fraud

Day 4

  • Data gathering and data analysis
  • Preliminary survey, questionnaires, interviewing & other techniques
  • Analytical procedures in auditing
  • Benchmarking
  • Drawing conclusions

Day 5

  • Data reporting
  • Documentation/ work paper
  • Process mapping, including flow charting
  • Evaluate relevance, sufficiency, and competence of evidence