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Course Description

Study Method:	Training Center Location
Awarding Body:	Introduction to Internal Auditing

The course provides a wide ranging introduction to the internal audit role, purpose and practice, IIA Standards & Code of Ethics, and is designed for those whose career is beginning with internal audit and for managers and audit committee members who require an entry level introduction to the methodology of internal audit. A very popular and great value two-day course.

Course modules

This is a single module course. (All the information is on this course page).

Title
Introduction to Internal Audit

Timetable

Day One

9.00	Introduction and Objectives
9.15 – 10.45	Introduction to Assurance and Control + Internal Audit`s Role Assurance Roles Ethical Behaviour / Code of Ethics Three Lines of Defence IIA International Standards for the Professional Practice of Internal Auditing
10.45 – 11.00	Tea/Coffee
11.00 – 11.45	Internal Controls
11.45 – 12.45	Governance Overview, linking to risk management and controls assurance, including the Annual Governance Statement and Stakeholder Responsibility Audit Charter and Documentation through to Final Reporting Processes
12.45 – 13.45	Lunch
13.45 – 15.15	Identification & Assessment of Risks and Controls (1) The Risk Management Process
15.15 – 15.30	Tea/Coffee
15.30 – 16.45	Identification & Assessment of Risks and Controls (2) Internal Audit’s Approach
16.45 – 17.00	Day 1 review & Summary

 Day Two 

9.00 – 9.30	What makes an Effective internal Audit Assurance Review
9.30 – 10.00	The Assurance Process - Assurance / Audit Committees
10.00 – 10.30	Internal Audit Assurance Review as a Project Introducing the "Assignment Brief"
10.30 – 10.45	Tea/Coffee
10.45 – 11.45	Planning for Successful Assurance Reviews Internal Audit`s Review Approach Nature of Internal Audit Plans Risk Based Planning  - Key Influences - Control Environment
11.45 – 12.30	Planning an Audit Engagement Background - Engagement Plan – Scope – Objectives - Resources
12.30 – 13.30	Lunch
13.30 – 14.00	Planning an Audit Engagement  (cont’d) Fieldwork & Assurance Testing Purpose - Factors - Techniques - Evidence
14.30 – 15.00	The Importance of Client Auditor Communication
15.00 – 15.15	Tea/Coffee
15.15 – 16.00	Interviewing - Preparation - Essentials - Recording
16.00 – 16.45	Reporting - Presentations - Implementation of Improvement Actions
16.45 – 17.00	Course Review & Summary - Next Steps

 AIM

The aim of this course is to help delegates to develop their knowledge of Internal Auditing and implement best practice internal audit tools and techniques.

THE INTERNAL AUDIT ROLE

• How do we define the role of internal audit
• The importance and tensions of independence and objectivity
• Governance, risk and control
• Stakeholders including the Audit Committee
• The added value concept
• Assurance and consulting roles

 PLANNING AND CONTROL OF THE AUDIT

• Auditing standards
• Terms of reference
• The audit research and plan
• Maintaining and producing audit documentation

 THE AUDIT PROCESS FROM START TO FINISH

• Fact finding techniques
• Testing and ensuring validity
• Recording of Information
• Writing the audit report
• The follow up and managing the response

 

Includes: Study Materials, CD-ROM, refreshments and lunch

Not Included: overnight accommodation, which can be booked through BHBi - see enrolment process for options and prices

Course sessions

Course prices include all study materials, access to BHBi online interactive learning system, access to dedicated expert tutor, all day refreshments, and 3-course lunch. Course sizes are restricted to ensure active student participation. Course prices exclude VAT.

Revision sessions include refreshments, and lunch. Prices exclude VAT.

Module	Month	Date	Location	Price	Enrol
Introduction to Internal Audit	March	19/03/2019 to 20/03/2019	Cardiff	£665
Introduction to Internal Audit	August	20/08/2019 to 21/08/2019	Cardiff	£665
Introduction to Internal Audit	October	15/10/2019 to 16/10/2019	Cardiff	£665
Introduction to Internal Audit	January	15/01/2020 to 16/01/2020	Cardiff	£685

Enrol for this course