INTRODUCTION

One of the ways that we can combat Fraud within our business is by the strong use of Internal Control. Here we will discuss how the Internal Control of people, processes, and technologies must all play a part in the fight against fraud, and also we will practically prepare a professional internal Audit report.

This training seminar on Internal Control and Internal Audit report writing highlight the challenges every business and individual face in ensuring safe Internal Controls. Looking at all areas that can be affected by Fraud, will highlight the risks now faced by the world of business and methods to protect us against them.

Objectives:

At the end of this training the participants  will be able to;

• Identify the value proposition that stakeholders expect from the internal audit function.
• Recognize the role of The IIA in the internal audit profession.
• Recognize the various career opportunities in the internal audit field
• Describe the structure and core elements of the International Professional Practices Framework.
• Identify some of the frameworks used in the practice of internal auditing.
• Obtain a basic understanding of the internal audit process.
• Prepare internal control Report.

Target Audience:

• All Internal Auditors and Risk Managers
• all professional who are saddled with compliance procedures 
  

Content

Internal Auditing Defined

• The Value Proposition
  • Assurance, Insight, and Objectivity
• Internal Auditing vs. Accounting
• The Nature and Scope of Modern Internal Audit Services
  • Mission
  • Professional Guidance
  • Professional Certifications
• Internal Audit Career Paths

Standards and Frameworks

• • Mandatory and Recommended Guidance
  • The International Standards for the Professional Practice of Internal Auditing (Standards)
  • Structure and Numbering System
  • IPPF Enhancements
• COSO Internal Control–Integrated Framework
• COSO Enterprise Risk Management (ERM) Framework
• IT Control Frameworks

The Internal Audit Process

• Introduction to the Engagement Process
  • Types of Internal Audit Engagements
  • Planning the Engagement
  • Performing the Engagement
  • Conducting Engagement Communications

Audit Findings

• Fundamentals Of Audit Reports
• Selling Your Report
• Strategies For Issuing Timely Reports
• Characteristics Of Effective Audit Reports

Audit Reports

• Fundamentals Of Audit Reports
• Selling Your Report
• Strategies For Issuing Timely Reports
• Characteristics Of Effective Audit Reports

Effective Audit Communications

• Possible Barriers To Overcome In The Interview
• Diffusing The Difficult Interview
• Do’s And Don’ts Of Effective Interviewing
• Strategies For Conducting Effective Closing Meetings