Anyone needing a speedy induction or update on internal auditing. It is suitable for experienced internal auditors as well as those newly assigned to internal audit positions. Delegates from organisations of all sizes and sectors will benefit from this course, which will focus on standards and best practice and also tackle emerging issues.
Whilst not a statutory requirement, internal audits are good corporate governance. Learn the key steps to undertake and successfully complete an internal audit for your organisation.
Speaker Details
Eur Ing Professor Andrew D Chambers, BA, CEng, FCCA, FCA, FIIA, FBCS, CITP, FRSA
Described by The Times as 'a worldwide authority on corporate governance', Andrew runs Management Audit LLP which specialises in advising on audit and corporate governance. Author of over 15 books on auditing and corporate governance, he sat on the UK FRC's Auditing Practices Board (2006-9) and is currently a member of the Federation des Experts Comptables Europeens' (FEEs') Corporate Governance and Company Law Working Party.
THIS COURSE IS RUN BY CIMA MASTERCOURSES
9.00 Registration and coffee
9.30 Fundamental attributes of internal auditing
- Internal audit and the global financial crisis
- Internal audit assurance and consulting roles
- Implications of internal audit independence, objectivity
- Internal audit reporting relationships
- Proficiency and due professional care
- Understanding internal auditing standards
11.00 Break
11.20 The scope of internal auditing
- Understanding, evaluating and improving
- Internal governance processes
- Risk management
- Internal control
- Governance, risk and compliance (GRC) programmes
12.45 Lunch
14.00 Undertaking internal audit work
- Managing the internal audit activity
- Risk-based audit planning
- Planning and performing internal audit engagements
- Internal audit quality assurance and improvement programmes
15.15 Break
15.30 Internal audit reporting
- Communicating results
- Monitoring progress
- Resolving senior management's acceptance of risks
- Internal audit opinions
17.00 Close of course
Increase your understanding of the role of internal audit, how internal audit fulfils its responsibilities and how to achieve best practice in internal audit work, including:
- what the 2011 internal auditing standards require and why
- risk assessment in internal auditing
- effective internal audit plannng and execution
- reporting internal audit results and follow-up
- internal audit independence and objectivity
- internal audit quality assurance
6 CPD hours (for non CIMA members)