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Introduction to Internal Auditing

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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 January 16/01/2019 to 17/01/2019 Cardiff £665
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

Enrol for this course

Accredited By

CIPFA Accredited
leadership management wales
chartered management institute approved
institute of consulting approved
institute of consulting premier practice
macmillan
leadership management wales
institute of consulting approved

In Partnership With

institute of internal auditors

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Mark Barnes


Hi. I'm Mark Barnes one of the directors at BHBi.


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