Focus and Features:
The internal audit function provides a diverse array of services to strengthen an organization's ability to create, protect, and sustain the organization's value. Depending on the nature of the business and the activity under review, the competencies needed by each internal auditor varies. The Global Internal Audit Standards require that the chief audit executive must ensure that the internal audit function collectively possesses the competencies required to perform the internal audit services described in the internal audit charter, thus chief audit executives are now looking for individuals from a wide array of backgrounds, skills, and competencies, as auditing no longer becomes confined to the traditional accounting or internal auditing background. However, as the Standards require that internal auditors must possess or obtain the competencies to perform their audit responsibilities successfully, internal auditors who are new to internal auditing are required to complete the necessary training in internal auditing and are encouraged to pursue professional certification/s in internal auditing.
Learning Objective(s):
This training aims to provide participants with a basic understanding of internal auditing and the internal audit profession, including the roles and responsibilities of the internal audit function and internal auditors as well as the behavior and competencies needed to excel as an internal auditor.
In this training, the participants will have guided hands-on exercises for them to gain a better understanding of what they have learned and demonstrate their understanding and skills in their respective internal audit functions.
What You Will Learn
- Overview of the International Professional Practices Framework
- Purpose of internal auditing
- Definition and key components of internal auditing
- Definition and principles of governance
- Definition, components, and principles of enterprise risk management
- Definition, components, and principles of internal controls
- Principles and standards in the Ethics and Professionalism domain of the Global Internal Audit Standards,
- describing the behavioral expectations for internal auditors
- Internal Audit Competency Framework describing the knowledge and skills necessary for a successful career path
- navigation in internal auditing
- Hands-on exercises on business process and risk assessment
Who should attend
Internal auditors who are new to internal auditing and the internal audit profession, and individuals who would like to make a career change to internal auditing.
Requirements
No prior knowledge or with basic knowledge about internal auditing and the internal audit profession.
Number of CPE units: 14
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