Mastering Internal Audit: Principles, Practices & Techniques Event, 14.Jul.2025

Course Description

This comprehensive 5-day internal audit course provides participants with a thorough understanding of internal auditing principles, practices, and techniques. Designed for both new and experienced auditors, the course covers fundamental concepts, risk assessment methodologies, governance structures, ethical considerations, and advanced auditing techniques. Participants will gain practical skills to enhance their auditing capabilities and add value to their organizations.

Learning Objectives

• Understand the role and responsibilities of internal auditors in modern organizations
• Develop proficiency in risk assessment and audit planning techniques
• Learn to evaluate internal control systems and governance processes
• Acquire skills in conducting effective audits and communicating results
• Gain insights into emerging trends and best practices in internal auditing

Course Modules

Day 1: Foundations of Internal Auditing

• Introduction to internal auditing and its evolution
• The International Professional Practices Framework (IPPF)
• Internal audit standards and code of ethics
• The internal audit process overview

Day 2: Risk Assessment and Audit Planning

• Enterprise risk management concepts
• Risk assessment methodologies
• Developing risk-based audit plans
• Audit universe and engagement planning

Day 3: Governance and Internal Controls

• Corporate governance principles and structures
• Evaluating the control environment
• Internal control frameworks (e.g., COSO)
• Assessing control effectiveness

Day 4: Conducting the Audit

• Audit fieldwork techniques
• Data collection and analysis methods
• Sampling techniques in auditing
• Documenting audit evidence

Day 5: Reporting and Follow-up

• Effective audit report writing
• Communicating audit results to stakeholders
• Follow-up procedures and corrective actions
• Emerging trends in internal auditing

Practical Wins for Participants

• Ability to conduct risk-based audits that align with organizational objectives
• Enhanced skills in evaluating internal controls and governance processes
• Improved report writing and communication techniques for impactful audit results
• Knowledge of best practices and emerging trends to elevate audit effectiveness