Internal Auditing: A Risk Based Approach

(18 reviews)

by Wayne Bartlett

The Internal audit function plays a crucial role in managing and mitigating an organisation's risks. This course provides insight into this area and teaches you the key elements in planning, executing, and reporting on internal audit assignments.

price £75+vat
cpd hours 4 CPD hours
access 120 days' access

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This course will enable you to

  • Identify the key elements of internal audit and the associated standards
  • Plan and execute an internal audit assignment and design an audit programme
  • Understand the responsibilities of the internal auditor with regards to fraud and how to identify fraud
  • Report on an internal audit assignment and the key factors to consider when sharing these

About the course

Internal audits play a crucial role in managing an organisation's risks and mitigating these to avoid disastrous consequences. But what makes an effective internal audit function and how can you make this work in your organisation?

In this course you will discover the key principles and standards associated with internal audits, along with how to identify and act on fraud. Learn about how to plan, execute, and report on internal audit assignments and the key factors to consider at each stage.

Look inside

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Contents

  • The key elements of internal audit
    • The role of the internal audit
    • Internal audit standards
    • Risk-based internal auditing
    • Strategic and annual planning
    • The impact of internal audits
    • The role of the internal audit charter
    • Ethics and professional development
    • The rules of internal auditing
  • Planning an internal audit assignment
    • A general approach to planning
    • The importance of objectives
    • Internal vs external
    • Undertaking a preliminary assessment
    • Designing audit programmes
    • Resourcing an assignment
    • Planning, objectives, and resources
  • Executing an internal audit assignment
    • Supervising assignments
    • Collecting information
    • Analysis and evaluation – and how one feeds the other
    • Applying considerations and documenting results
    • Fraud and internal audits
    • Fraud and the responsibilities of the internal auditor
  • Reporting on an internal audit assignment
    • The key elements of an internal audit report
    • Getting reporting right
    • Conclusions and recommendations
    • Recommendations are key
    • Finalising and sharing reports
    • The importance of objectives
    • Following up: a crucial stage
    • Lessons learnt

How it works

Author

Wayne Bartlett

Wayne is an internationally acclaimed speaker and trainer on all aspects of public and private sector accounting and auditing standards. He has been instrumental in helping to develop the profession internationally and has taken lead roles in the development of new professional bodies and the accounting profession in Mozambique and Rwanda, and been extensively involved in developing financial reporting in many countries across the globe.

Reviews

4.7
(18 reviews)
5
4
3
2
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    MA
    Milena A
    22 Jan 2025
    22 Jan 2025
    Very clear and informative CPD. I really employed it and I am taking away very clear understanding what Internal audit is.
    OK
    Ofentse K
    28 Dec 2024
    28 Dec 2024
    A very good course for Internal Auditors without the CIA qualication or other relevant qualifications. I expected a test/exam of some sort at the end though.. before obtaining the certificate
    ZT
    Zammak T
    25 Oct 2024
    25 Oct 2024
    Very good and informative.
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Total CPD unitshourshours4 unitshourshours21 units20 hours21 hours800+ unitshourshours800+ unitshourshours
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