Specialized Internal Auditing

Introduction

In today’s complex and rapidly evolving business environment, internal auditors must go beyond standard practices and develop expertise in specialized audit areas. This intensive training course is designed to deepen the capabilities of internal auditors through a focus on advanced audit methodologies, industry-specific areas, and modern tools aligned with international standards.
Participants will gain practical insights into risk-based auditing, IT audits, fraud detection, ESG compliance, and advanced data analytics to enhance internal control and organizational governance.

Course Objectives

• Understand and apply international internal auditing standards (IPPF, COSO).
• Differentiate between types of specialized audits: operational, financial, IT, and compliance.
• Develop risk-based audit plans and conduct effective risk assessments.
• Gain hands-on skills in conducting IT, fraud, and ESG audits.
• Utilize data analytics and automation tools in audit engagements.
• Improve audit reporting, communication with management, and follow-up mechanisms.

Course Outlines

Day 1: Foundations and Frameworks of Specialized Internal Auditing

• Overview of international standards: IPPF, COSO, and their applications.
• The evolving role of internal audit in corporate governance.
• Fundamentals of Risk-Based Internal Auditing (RBIA).
• Types of specialized audits: operational, financial, IT, and compliance.
• Planning and scoping specialized audit engagements.

Day 2: Audit Methodology and Risk Assessment Techniques

• Developing a strategic internal audit plan.
• Risk identification and assessment methods.
• Evaluating the design and effectiveness of controls.
• Interviewing techniques and evidence gathering.
• Using audit programs, templates, and checklists effectively.

Day 3: Specialized Audits – IT, Fraud, and Compliance

• Core principles of IT auditing: systems, cybersecurity, and applications.
• Conducting fraud risk assessments and forensic audit techniques.
• Auditing for regulatory compliance and ethical standards.
• Auditing procurement and contract management processes.
• Introduction to ESG auditing: environmental and social governance.

Day 4: Tools, Techniques, and Emerging Trends

• Leveraging data analytics in internal audit functions.
• Applying Computer-Assisted Audit Techniques (CAATs).
• Conducting root cause analysis and continuous auditing.
• Identifying and managing emerging risks: AI, cyber, ESG, third-party risks.
• Introduction to agile auditing and audit automation platforms.

Day 5: Reporting and Communication for Impact

• Crafting clear, concise, and actionable audit reports.
• Presenting findings and recommendations to management.
• Tracking and following up on corrective actions.
• Reporting to audit committees and engaging stakeholders.
• Final simulation: conduct a mini-specialized audit (group exercise).

Why Attend this Course: Wins & Losses!

• Enhanced capability in specialized audit domains, including fraud, IT, and ESG.
• Stronger analytical and critical thinking skills in risk assessment.
• Tools and methodologies that align with international best practices.
• Greater effectiveness in influencing management through impactful reporting.
• Confidence in handling complex and high-risk audit engagements.

Conclusion

By the end of this course, participants will be equipped with advanced skills in conducting specialized internal audits across various domains.

They will be empowered to deliver high-value audit insights, enhance compliance and accountability, and actively contribute to the strategic goals of their organizations through modern, risk-focused internal auditing practices.