EXCELLENT TECHNIQUES IN AUDITING THE FINANCE, TREASURY AND ACCOUNTING FUNCTIONS

Objective:

• Understand the scope, purpose, and functions of internal auditing within an organization
• Apply internal audit standards and professional best practices
• Differentiate and perform operational, compliance, and financial audit assignments
• Conduct effective internal audit fieldwork using proven guidelines and techniques
• Identify organizational risks, evaluate internal controls, and perform control testing
• Apply internal audit testing tools and effective sampling techniques
• Understand fraud risks and the responsibilities of internal auditors when fraud is identified

Content:

Risk Management and Internal Audit Overview

• Understanding organizational risk and types of business risks
• Management functions: planning, organizing, implementing, and controlling
• Principles and objectives of internal auditing
• The role of internal audit in corporate governance
• Differences between internal and external auditing
• Internal audit scope and the internal audit charter
• Staffing and organizing the internal audit function
• The role and responsibilities of the audit committee

Internal Audit Standards

• Overview of internal audit professional standards
• Attribute standards
• Performance standards

Types of Internal Auditing

• Performance auditing
• Operational auditing
• Financial auditing and accounting cycle reviews
• Compliance auditing

Internal Audit Implementation and Fieldwork

• Information gathering techniques for internal auditors
• The four qualities of reliable audit information
• Sources and nature of audit evidence
• Assessing the persuasiveness and reliability of evidence

Audit Engagement Procedures and Documentation

• Internal audit testing tools and techniques
• Observation, interviewing, and examination of records
• Preparing and maintaining internal audit working papers
• Best practices for managing audit documentation
• Records retention policies

Reporting Audit Findings and Recommendations

• Communicating audit findings and recommendations effectively
• Legal considerations when reporting audit results
• Developing clear and actionable audit observations
• Disseminating audit reports and conducting exit meetings

Who Should Attend?

• Internal Auditors seeking to enhance their professional knowledge and practical skills
• Audit Managers and Audit Supervisors
• Risk Management and Compliance Professionals
• Finance and Accounting Professionals involved in internal controls
• Corporate Governance and Internal Control Personnel
• Professionals responsible for organizational assurance, risk, and compliance activities