Advanced Internal Auditing: Strategies for Compliance & Risk Management

Introduction

In light of the accelerating challenges and continuous changes in the business environment, internal auditing has become an indispensable strategic tool to ensure compliance, improve operational efficiency, and effectively manage risks. This course aims to develop participants' skills in internal auditing by exploring the latest concepts, best global practices, and practical applications using analytical tools and modern techniques, thereby enhancing the added value that internal auditing brings to the organization.

Course Objectives

By the end of this course, participants will be able to:

• Define the scope and functions of internal auditing in organizations.
• Distinguish between the types of internal audit tasks (operations, compliance, quality, safety, and financial).
• Describe the guidelines for planning and executing risk-based internal auditing processes.
• Apply risk identification techniques and controls, and test them effectively.
• Choose the best sampling methods based on the nature of the task and the sample size.
• Use the appropriate inspection and evaluation tools and techniques, explaining the advantages and disadvantages of each.

Course Outlines

Day 1: Introduction to Internal Auditing

• Introduction to internal auditing and its strategic role in organizations.
• International standards for internal auditing (IPPF).
• The relationship between internal auditing and corporate governance.
• Phases and fundamentals of planning internal audit processes.

Day 2: Risk Assessment and Audit Program Planning

• Applying the risk assessment methodology in preparing the audit plan.
• Using analytical tools to determine audit priorities.
• Developing audit programs based on results and risks.
• Case studies for planning real-world audits.

Day 3: Executing Audits and Data Analysis

• Steps for efficiently executing internal audit tasks.
• Using data analysis tools to detect deviations.
• Applying continuous auditing and forensic auditing techniques.
• Professional documentation of audit evidence and results.

Day 4: Compliance, Governance, and Auditing Ethics

• Understanding the governance framework and regulatory compliance.
• Auditing internal policies and procedures.
• Ethical considerations in practicing internal auditing.
• The role of auditing in enhancing transparency and accountability.

Day 5: Professional Reporting, Communication, and Leadership

• Preparing professional reports and effective recommendations.
• Communication skills with stakeholders.
• Leading audit teams and resolving professional conflicts.
• Building a career path in contemporary internal auditing.

Why Attend This Course: Wins & Losses!

• Skill Development: Learn global best practices and modern internal auditing tools, enhancing your ability to handle daily challenges.
• Improving Organizational Efficiency: The course helps organizations improve compliance, strengthen governance, and apply best practices in risk management.
• Career Growth Opportunities: The course opens new professional growth opportunities for participants, helping them learn about new techniques in internal auditing.
• Effective Risk Management: The course equips participants with the necessary knowledge to identify risks and apply controls effectively across different audit tasks.

Conclusion

By the end of the course, participants will have acquired the necessary skills and knowledge to apply internal auditing in modern work environments. They will be equipped to tackle challenges related to risks and compliance, while also enhancing their ability to communicate and report effectively to contribute to achieving organizational goals and strengthening corporate governance.