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 program.
• 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 Roles within the Internal Audit Department

• 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 and Understanding the Differences between Various Types of Audits, including Risk Factors

• 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, and Commencing Internal Audit Examination

• 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.