Advanced Internal Audit: Mastering Risk-Based Techniques Event, 13.Jul.2025

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