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In a western modern perspective the internal auditor's role is to be recognized as a real business partner of management and a facilitator at all levels of the organization in order to stay "in control". This raises a challenge to rethink of internal auditors senior roles and to identify the new skills required in planning and leading internal audit assignments. However the approach can be successful only if it adapts various organizational contexts and cultures.
The training is highly practical and interactive with exercises, role plays, simulations in order to present the latest methods to implement and practice the skills required in the international environment of internal auditing notably communication, cognitive and behavioral skills for effective risk based internal audit.
• Building support for the audit program within their organization
• Undertaking risk based audits using the RBIA methodology
• Developing and delivering risk based audit reports with real impact and capture attention
• Evaluating risk management processes to ensure the response to any risk is appropriate and conforms to the organization's policies
• Applying the knowledge gaining throughout the course to prepare for a realistic audit, using risk based principles
Who should attend? .................................................................................................................................................................................
• Finance Director/Manager/Controller
• Internal Audit/Internal Control senior levels
• Accounting Manager responsible for planning and leading internal audit assignments or being asked to provide risk management and internal control services
• The new definition of internal auditing
• The new understanding of internal control (COSO)
2. Why we used Risk-based internal auditing (RBIA)?
• Global trends in internal control and auditing
• Compliance versus risk-based approach
• Position from rating agencies
• Role of audit committees
• Exercise: Benchmark questionnaire
3. Theory & Definitions (refresher)
• Definition of control
• Different categories of risks
• Final Exercise: COSO versus ERM model
4. Value-added Audit Methodologies
• Best practices principles
• Risk-based auditing
• Business process auditing
5. Modern Internal Auditing Slkills
• Role of communication
• The relation between the auditor and the auditee
• Internal audit skills: dos and donts
• Internal Audit skills (self assessment kit)
• Case application: "Internal Audit Transformation at NatWest Ltd"
6. Risk-Based Internal Auditing (RBIA) in practice
• The Internal Audit Roadmap (refresher)
• Risk alerts and flags
• Working Programs
• Review of templates for RBIA
• Review of Internal Audit Standards
7. Audit Planning
• Audit Annual Planning
• Audit Activity Planning
• Process Modeling
• RBIA matrices (COSO)
• Use of GRC software
• Building the business control framework (Role Play Game)
8. RBIA tools & techniques
• Control Risk Assessment
• Analytical Procedures
• Interviewing
• Reporting tools
• Case study (Hansheng Plastics)
9. Advanced techniques of internal auditing (refresher)
• Audit reference model & preliminary surveys
• Test sampling theory x Quality of evidence
• Use of IT tools
• Audit findings & reports
• Fieldwork techniques
• Design of control activities
• Issuance of internal control overall opinion
• Reporting techniques
10. RBIA strategies
• The Risk Management Process and Frameworks
• Degree of maturity of organizations
• Cooperation models between IA and the risk management function
• Adapting your company culture
• Study of illustration Case
• Participants evaluate the degree of maturity of their organization and develop a strategy and plan for RBIA
11. Performing internal audit in different cultures
Duration: 2 days
Language: english
If you are having trouble registering online then you may download and fill out this registration form and fax it to (65) 67490193.
