Course Description
This intensive 10-day Advanced Internal Audit course is designed for experienced auditors seeking to enhance their skills and knowledge. Participants will delve into advanced risk-based auditing techniques, data analytics, and strategic audit planning. The course combines theoretical concepts with practical applications to provide a comprehensive learning experience.
Learning Objectives
- Develop advanced risk assessment and audit planning strategies
- Master data analytics techniques for more effective audits
- Enhance communication skills for impactful audit reporting
- Implement continuous auditing and monitoring processes
- Understand and apply fraud detection methodologies
Course Modules
Day 1: Advanced Risk Assessment Techniques
- Enterprise Risk Management (ERM) frameworks
- Risk identification and prioritization methods
- Quantitative risk analysis techniques
- Linking risk assessment to audit planning
Day 2: Strategic Audit Planning
- Aligning audit plans with organizational objectives
- Resource allocation and optimization
- Long-term vs. short-term audit planning
- Agile audit planning methodologies
Day 3: Data Analytics in Internal Auditing
- Advanced data mining techniques
- Predictive analytics for risk assessment
- Continuous auditing and monitoring
- Data visualization for audit reporting
Day 4: IT Auditing and Cybersecurity
- IT governance and control frameworks
- Cybersecurity risk assessment
- Cloud computing and emerging technologies
- IT audit tools and techniques
Day 5: Fraud Detection and Forensic Auditing
- Fraud risk assessment methodologies
- Red flags and fraud indicators
- Forensic audit techniques
- Fraud investigation protocols
Day 6: Operational and Performance Auditing
- Efficiency and effectiveness audits
- Key performance indicators (KPIs) analysis
- Process improvement techniques
- Benchmarking and best practices
Day 7: Compliance and Regulatory Auditing
- Regulatory landscape and impact on internal audit
- Compliance risk assessment
- Auditing corporate governance
- Environmental, Social, and Governance (ESG) auditing
Day 8: Advanced Audit Communication
- Effective audit report writing
- Presenting audit findings to senior management
- Conflict resolution and negotiation skills
- Influencing organizational change through audit results
Day 9: Quality Assurance and Improvement
- Internal Audit Quality Assurance Review (QAR)
- Implementing a quality management system
- Continuous improvement methodologies
- Measuring internal audit effectiveness
Day 10: Emerging Trends in Internal Auditing
- Artificial Intelligence and Machine Learning in auditing
- Blockchain and its impact on internal audit
- Agile auditing methodologies
- Future of internal audit profession
Practical Wins for Participants
- Develop a comprehensive risk-based audit plan for your organization
- Create a data analytics strategy to enhance audit efficiency and effectiveness
- Design a continuous auditing and monitoring program
- Craft impactful audit reports that drive organizational change
Credits: 5 credit per day
Course Mode: full-time
Provider: Blackbird Training Centre
