Auditing and Assurance Services
London Business Training & Consulting
Key Information
Campus location
London, United Kingdom
Languages
English
Study format
On-Campus
Duration
1 week
Pace
Full time
Tuition fees
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Application deadline
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Earliest start date
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Introduction
This course explains the role, responsibilities and work of internal auditing. It details the processes required to conduct an effective audit.
This course also details the framework of standards for performing and promoting internal auditing.
The course will wrap with a summary of the key learning points, followed by an action planning exercise with a view to apply the acquired knowledge and skills immediately upon your return to work. Post-course support is also available in relation to the implementation of your action plan, up to six (6) months following course completion.
Agenda
Key Principles of Auditing
Assurance framework
Types of audit
Internal control
The concept of independence
Conduct of an Audit
Audit strategy and audit plan
Fieldwork
Reviewing and communicating results
Audit Report
Auditing Standards
The framework of International Standards on Auditing (ISAs)
COSO frameworks
INTOSAI – International Organization of Supreme Audit Institutions
Other standards
Auditing the Internal Auditor
Awareness of IPPF Standards 1300 1322 – Quality Assurance and Improvement Program
Internal and External Assessments
The role of the external auditor
Course Review
Summary and recap of key learning objectives
Action Planning
Target Audience
This course is suitable for:
- External auditors who need a deeper understanding of the internal function.
- Those who engage with the internal audit function and who require a deeper knowledge of it.
- Those new to internal auditing who need to understand how it works and benefits their organization in greater detail.
Learning Outcomes
Upon completion of this course, you will be able to:
- Explain the principles and elements of the internal audit function.
- Demonstrate how internal auditing works.
- Identify the standards under which internal audits are conducted.
- Implement an Action Plan at your workplace using the knowledge and skills acquired through the course.