Module 1: Introduction to Internal Auditing
Overview of internal auditing and its role within an
organization
Key concepts: Internal audit, external audit, and assurance
services
Understanding the framework of internal auditing
The international standards for internal auditing (IIA
Standards)
Module 2: The Internal Auditing Process
The steps involved in an internal audit: Planning,
fieldwork, and reporting
Developing an audit plan: Objectives, scope, and
methodology
Practical exercise
Group discussion
Module 3: Risk Management and Internal Control
Understanding risk management in the context of internal
audits
Types of risks: Operational, financial, compliance, and
strategic
Evaluating internal controls and identifying weaknesses
Practical exercise
Group activity
Module 4: Conducting the Audit Fieldwork
Techniques for gathering and analyzing evidence
Conducting interviews and surveys during audits
Evaluating the effectiveness of existing controls and
processes
Practical exercise
Scenario-based activity
Module 5: Reporting Audit Findings and
Recommendations
Best practices for writing clear and actionable audit
reports
Communicating findings to stakeholders effectively
Writing recommendations for improving internal controls and
risk management
Practical exercise
Group discussion
Module 6: Governance, Compliance, and Ethical
Considerations
The relationship between internal auditing, corporate
governance, and compliance
Ethical standards and confidentiality in auditing
The importance of independence and objectivity in internal
audits
Case study
Module 7: Review and Case Studies
Case study: Conducting a mock internal audit of a business
function
Group discussion: Key takeaways from the training and
challenges faced during the case study
Q&A session to clarify doubts and reinforce concepts
Interactive Components
Hands-On Labs: Practical exercises
on creating audit plans, assessing risks, and writing audit reports.
Group Discussions:
Engaging discussions on the challenges of internal auditing and strategies for
effective audits.
Case Studies: Analysis of
real-world internal audit cases and their impact on business operations.
Scenario-Based Exercises:
Participants will apply internal auditing principles to simulated scenarios and
share their findings.
