Chief Internal Auditors’ Course for Internal Auditors and Risk Managers
This course is a definitive guide, giving chief internal auditors (CIA) and corporate risk managers a revised understanding of the new audit context in a wider corporate environment.
This new context is set firmly within corporate governance, risk management, and internal control arena. The course discusses best practices as approved by the Institute of Internal Auditor’s (IIA) using many helpful models, practical guidance and checklists.
CIAs no longer spend all of their time preparing detailed reports on low–level problems for junior operational managers; instead they focus on the high–level risks to organizations and present their findings to executive boards and audit committees. They are expected to work with and alongside busy managers to enable them to identify and manage risks to their organizations, while retaining a degree of independence so as to ensure the professional scepticism so essential to the audit role. The course is designed with these new roles in mind, thus it will review the new standards for internal audit as issued by the IIA and define the new role of auditors in corporate governance, risk management and internal controls. It also provides practical guidance on today’s essentials of auditing; including professional standards, different audit approaches, the management of internal audit, planning, performance and reporting audit work and fraud / information system (IS) auditing.
- Better understanding of the corporate governance perspectives to internal auditing and developing more sustainable approaches to managing risk using renewed risk management tools.
- Develop a revised approach to setting up and managing internal controls and an understanding of the expectation of the internal audit role.
- An understanding of the professionalism factor and standards in internal auditing.
- A revised awareness in audit approaches; especially the Risk– Based Systems Approach, the CRSA Process, the fraud investigations systems, and information systems auditing.
- Developing a new approach to setting an audit strategy; including risk–based strategic planning, managing performance, auditor appraisal schemes, audit planning processes.
- Renewed approaches to audit fieldwork; such as ascertaining systems, testing strategies, statistical sampling, audit testing and statistical sampling, reporting results of an audit.
- Developing essential strategies to meeting the challenge; the new dimensions of internal auditing and globalization.
Who should attend
This course is highly recommended for national, regional and local tax administrators; public financial controllers; commissioners of tax; top executive officers of inland revenue offices and other policy makers with public finance duties.