Internal Audit and Control Best Practices Training Course
What makes a company truly resilient in an unpredictable business environment? How do top organizations prevent financial loss, enhance operational efficiency, and ensure regulatory compliance? The answer lies in a robust internal audit and control framework. But internal auditing isn’t just about ticking boxes—it’s about providing insight, adding value, and enabling businesses to thrive while minimizing risk.
In this course, you’ll dive into the world of internal audit and control best practices, mastering the skills necessary to evaluate and improve risk management, control, and governance processes. Whether you're new to auditing or looking to refine your skills, this course will give you the tools to make a measurable impact on your organization’s success.
In-Person: Classroom Sessions
| Location | Duration | Language | |
|---|---|---|---|
| Nairobi, Kenya | 5 Days | English | View Dates & Pricing |
| Kigali, Rwanda | 5 Days | English | View Dates & Pricing |
| Kampala, Uganda | 5 Days | English | View Dates & Pricing |
| Dubai, United Arab Emirates (UAE) | 5 Days | English | View Dates & Pricing |
| Mombasa, Kenya | 5 Days | English | View Dates & Pricing |
| Naivasha, Kenya | 5 Days | English | View Dates & Pricing |
| Nakuru, Kenya | 5 Days | English | View Dates & Pricing |
| Kisumu, Kenya | 5 Days | English | View Dates & Pricing |
Virtual (Zoom) Instructor-Led
| Code | Start Date | End Date | Fee | |
|---|---|---|---|---|
| ACB-01 | Oct 21, 2024 | Oct 25, 2024 | USD 750 | Register Register Group |
| ACB-01 | Nov 11, 2024 | Nov 15, 2024 | USD 750 | Register Register Group |
| ACB-01 | Dec 09, 2024 | Dec 13, 2024 | USD 750 | Register Register Group |
| ACB-01 | Jan 06, 2025 | Jan 10, 2025 | USD 750 | Register Register Group |
| ACB-01 | Feb 03, 2025 | Feb 07, 2025 | USD 750 | Register Register Group |
In-House Training
Transform Your Workforce
Learn emerging skills quickly with custom curriculum designed as per your needs.
Why top organizations prefer Trainingcred
- High engagement and outcome-centric learning
- Customized curriculum built with industry leaders, for industry leaders
- Hands-on exercises and industry use cases
- Strong reporting to track learning and calculate training ROI for managers
- Day 1 production ready on the completion of the training
Programs delivered as per your training needs
On Premises
Virtual Instructor-Led
Self-Paced
Blended
Modules Covered, Designed by Experts
Module 1: Introduction to Internal Auditing and Best Practices
- The Role of Internal Auditors: Beyond Compliance to Value Creation
- Understanding Key Auditing Standards: COSO, ISO 31000, and IIA
- Types of Audits: Financial, Operational, IT, and Compliance Audits
- The Internal Auditor’s Role in Risk Management and Corporate Governance
Module 2: Risk-Based Audit Planning
- Identifying and Assessing Risks in the Organization
- Developing a Risk-Based Audit Plan
- Prioritizing Audit Areas Based on Risk Profiles
- Case Study: Building an Effective Audit Plan for a Multinational Organization
Module 3: Internal Control Frameworks and Risk Management
- Understanding the COSO Internal Control Framework
- Key Components of Effective Internal Controls
- Evaluating and Improving Control Activities
- Hands-on Exercise: Designing Controls to Mitigate Operational and Financial Risks
Module 4: Conducting an Internal Audit
- Audit Execution: Gathering Evidence and Documenting Work
- Audit Testing: Substantive vs. Control Testing Techniques
- Using Data Analytics in Auditing: Tools and Techniques
- Case Study: Conducting an Audit of Financial Reporting Processes
Module 5: IT Auditing and Cybersecurity Controls
- Auditing IT Systems and Applications: Key Concepts and Best Practices
- Evaluating IT Governance and Control Frameworks (COBIT, ITIL)
- Cybersecurity Risks and Controls: Protecting Digital Assets
- Real-World Scenario: Auditing Cybersecurity Protocols in a Digital-First Enterprise
Module 6: Fraud Detection and Prevention
- Understanding the Role of Internal Auditors in Fraud Prevention
- Techniques for Detecting and Investigating Fraud
- Red Flags in Financial Statements and Operational Activities
- Practical Workshop: Conducting a Fraud Risk Assessment
Module 7: Audit Reporting and Communication
- Crafting Clear and Effective Audit Reports
- Communicating Findings and Recommendations to Management
- Techniques for Delivering Difficult Audit Results and Gaining Buy-in
- Real-World Application: Presenting an Audit Report to a Board of Directors
Module 8: Enhancing Internal Audit Functions
- Continuous Auditing: Moving from Periodic Audits to Real-Time Insights
- Leveraging Technology to Improve Audit Efficiency (AI, Automation, and Analytics)
- Developing a Proactive Audit Function: Aligning with Business Strategy
- Case Study: Transforming the Internal Audit Function in a Growing Organization
Module 9: Regulatory Compliance and Ethics in Auditing
- Navigating Key Regulatory Requirements (Sarbanes-Oxley, GDPR, ISO)
- The Importance of Ethics in Internal Auditing
- Creating a Culture of Compliance within the Organization
- Hands-on Workshop: Conducting an Ethical Audit of Business Processes
About the Course
Internal auditing is not just a regulatory requirement—it’s a strategic function that helps organizations achieve their objectives through effective risk management and internal controls. This comprehensive course is designed to equip you with the knowledge, skills, and best practices to excel in internal auditing. You will explore key audit methodologies, learn how to assess and improve internal control systems, and develop the confidence to provide actionable recommendations that strengthen your organization's risk management framework.
With a blend of theoretical insights and practical case studies, this course covers everything from audit planning to reporting, all while emphasizing best practices and compliance with global standards like COSO, ISO, and IIA frameworks.
Target Audience
This course is ideal for professionals who work in auditing, risk management, and internal controls, including:
- Internal Auditors seeking to enhance their expertise in audit frameworks and methodologies.
- Compliance Officers responsible for ensuring regulatory and operational adherence.
- Risk Management Professionals focused on improving internal controls and risk mitigation strategies.
- Finance Managers aiming to bolster their understanding of audit processes to safeguard financial systems.
- Corporate Governance Executives interested in promoting transparency and accountability within their organizations.
- IT Auditors and Security Professionals responsible for assessing and improving IT governance and controls.
Course Objectives
By the end of this course, you will be able to:
- Understand the fundamentals of internal audit frameworks and standards, including COSO and IIA.
- Implement best practices in internal audit planning, execution, and reporting.
- Assess and improve internal control systems to mitigate risks and enhance operational efficiency.
- Identify and address key risks related to financial, operational, and IT processes.
- Effectively communicate audit findings and recommendations to management and stakeholders.
Organizational and Professional Benefits
How will this course transform your career? You will:
- Strengthen your audit skills with the latest industry best practices and methodologies.
- Become a valuable asset by helping your organization meet compliance and governance objectives.
- Enhance your problem-solving abilities with advanced techniques for identifying and mitigating risks.
- Position yourself as a leader in internal audit and risk management within your organization.
- Increase your credibility by mastering globally recognized audit frameworks such as COSO, ISO, and IIA.
What does your company stand to gain from this training? Your organization will:
- Reduce risk exposure by strengthening internal controls and governance processes.
- Achieve compliance with global audit standards and regulatory requirements.
- Improve efficiency by identifying and addressing operational weaknesses.
- Enhance transparency and accountability, leading to better decision-making and improved stakeholder confidence.
- Foster a proactive approach to risk management, identifying potential issues before they become critical.
Training Methodology
Our training approach combines:
- Expert-led instruction with in-depth lectures and real-world examples.
- Hands-on workshops where you apply audit principles and techniques to real business scenarios.
- Case studies and role-playing exercises that help you understand the practical aspects of internal auditing.
- Group discussions and interactive sessions that encourage knowledge sharing and collaborative problem-solving.
- Assessments and feedback to track your progress and ensure concept mastery.
Upcoming Sessions in International Locations
Certification: Your Badge of Honor!
Upon successful completion of our Internal Audit and Control Best Practices Training Course, you won't just walk away with newfound knowledge – you'll also snag a Trainingcred Certificate! This is your golden ticket, showcasing your expertise and dedication in Banking, Accounting and Financial Management.
Tailor-Made Course: Like a Suit, But for Your Brain!
Imagine Internal Audit and Control Best Practices Training Course that fits your team's needs as perfectly as a tailor-made suit! That's what we offer with our bespoke training solution. We don't believe in one-size-fits-all; instead, we're all about crafting a learning experience that's as unique as your organization.
How do we do it? By diving deep with a Training Needs Assessment, we uncover the hidden gems – the skills your team already rocks at, the knowledge gaps we need to bridge, and the ambitions soaring in their minds. It's not just training; it's a transformation journey, meticulously designed just for you and your team. Let's make learning personal.
Accommodation and Airport Pickup
We’re here to make your experience seamless! If you need accommodation or airport pickup, just let us know. To arrange your reservations, please reach out to our Training Officer:
- Email: [email protected]
- Call/WhatsApp: +254759509615
We’re happy to assist!
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