Internal Audit

Introduction

An ineffective audit can mean severe consequences; resulting in process failure, customer dissatisfaction, and regulatory noncompliance. Optimize your auditing skills in line with the internationally recognized ISO 19011, Guidelines for Auditing Management Systems standard.

Course Objective

• Gain the confidence to prepare, conduct and follow-up on audit activities
• Be able to write factual audit reports and suggest corrective actions
• Understand the guidelines of management system auditing according to ISO 19011
• Develop professionally

Course Outlines

Day 1

Management systems overview

• Guidelines for Auditing Management Systems (ISO 19011)
• Auditing terms and definitions
• Process for auditing
• Audit responsibilities
• Audit evidence and programme
• Audit scope, objectives and criteria
• Principles of auditing
• Typical audit activities

Planning & Initiating

• Planning the audit
• Initiating the audit
• Document review
• Auditing programming
• Audit plan and sampling
• Audit work documents

Day 2

Execute the Audit

• Opening meeting
• Communication,
• attributes and question types
• Verifying information and recording evidence
• Internal audit video
• Nonconformities
• Simulated internal audit
• Documenting nonconformities
• Preparing audit conclusions and the closing meeting

Reporting 

• Report an audit
• Typical audit report contents

Day 3

• Defining and Developing the Internal Audit Process and Establishing the Roles within the Internal Audit Dept.
• Defining, developing and implementing an Internal Audit Function
• Defining the distinctions and responsibilities between Internal and External Auditors
• Identifying the Internal Audit Staff Positions
• Developing the Audit Committee Charter for a Board of Directors
• Review of Statements on International Auditing Standards Update and General Auditing Practice Issues
• Identifying Internal Audit Staffing Requirements

Day 4

• Examining & Understanding the Differences between Various Types of Audits, including Risk Factors
• Operational Audits
• Financial Audits
• Compliance Audits
• Fraud and Forensic Audits
• Information Systems Audits
• Review of Current Year U.S. Audit Risk Alerts

Day 5

• Selecting, Procedural Planning & Commencing Internal Audit Examinations
• Developing Streamlined Processes for Conducting Internal Audit Examinations
• Identifying Effective Audit Programs for the Various Types of Audits
• Evaluating and Selecting Internal Audit Methodologies
• Notifying the Internal Auditee and Supervisors of the Internal Audit Examination and Promoting Cooperation and Assistance in Achieving Common Goals
• Evaluating Internal Controls Systems and Accessing Network and Computer Files and Folders
• Effecting Changes to an In-Process Internal Audit Examination