JK Michaels Institute > Audit and Quality Assurance > FUNDAMENTALS OF INTERNAL AUDITING

FUNDAMENTALS OF INTERNAL AUDITING

Fundamentals of Internal Auditing course will teach you about the industry and the many career paths an internal auditor could follow. This course gives new Internal Auditors an understanding of their roles and responsibilities. The work of the Internal Audit department is also analysed within the larger context of assurance providing, highlighting current difficulties facing the industry and tracing the key moments that shaped the current emphasis on audits and guarantees.

Teacher

OMOLOLU BELLO

19 students enrolled

FUNDAMENTALS OF INTERNAL AUDITING

FUNDAMENTALS OF INTERNAL AUDITING COURSE OVERVIEW

It offers a safe and pleasant practice setting with professionally crafted activities and case studies. Consider your road map for understanding the key ideas and information needed to excel in internal auditing.

This JK Michaels Institute training course will offer you a firm grasp of the importance and benefit of internal auditing in your company.

The critical International Professional Practices Framework, tools, and procedures of the Internal Audit function may all be fully recognised and assimilated thanks to the intelligent design of this Fundamentals of Internal Auditing training course. Additionally, it strives to instruct and train the fundamentals of the internal audit profession from all angles and levels of expertise.

FUNDAMENTALS OF INTERNAL AUDITING LEARNING OUTCOME

By the end of this JK Michaels Institute training course, participants will be able to:

Make choices within the internal audit department.
Utilise the criteria necessary for the internal audit profession.
Utilise interview techniques and interpersonal skills.
Investigate methods for risk assessment and risk-based internal auditing.
Use the methods and tools necessary to carry out an effective audit programme.
Understand and develop their audit knowledge and abilities while taking in the auditing tenets so they may complete their audit tasks and present their findings in a highly professional manner.
Learn how to evaluate each audit assignment’s Governance components of the control environment.
Learn how to increase your knowledge and abilities in advanced risk-based internal auditing to effectively perform your audit obligations and present your findings to management in a highly professional manner.
Enhance internal audit function performance and accountability, and learn more about adjacent control departments like Compliance.
Recognise the core ideas of governance and how to put them into practice to lower financial risk while accomplishing organisational objectives.
Increase their understanding of industry standard practises for audits.
Verify their expertise and auditing skills.
Create a distinct edge for oneself and set themselves out from their peers.
Establish a standard for ongoing development and improvement.
The International Standards for the Professional Practice of Internal Auditing should be acknowledged and followed.
Hone your professional skills and gain knowledge about organisational governance.

JK Michaels institute also offers other products and courses, including Internal Auditor Training, Certified Quality Auditor, Internal Auditor, Audit And Quality Assurance.

FUNDAMENTALS OF INTERNAL AUDITING Key Features

Benefits

KEY FEATURES

PERSONAL IMPACT

Achieve more success in your auditing profession by earning the certification.
Encourages constant progress
Boosts food safety requirements
Promotes collaboration and efficiency
Contribute to the strategic planning of organisations and abandon arbitrary auditing techniques.
Develop your skills and professionalism while offering value-added management services.
To play a significant part in improving the control environments in businesses.
Join a select group of internal auditors held in high regard by coworkers and superiors.

ORGANIZATIONAL IMPACT

Establish a standard of internal audit expertise throughout your company.
Show your audit teams that your staff members are knowledgeable, devoted, and capable.
By offering consulting services on corporate governance, risk management, and control activities, manage risks to guarantee that objectives are met.
It encourages ongoing improvement.
It increases requirements for food safety.
It promotes cooperation and effectiveness.

Course Outlines

MODULE 1: ESSENTIALS OF INTERNAL AUDITING

Foundations of Internal Auditing
- The IIA’s Mission of Internal Audit
- Definition of Internal Auditing
- The purpose, authority, and responsibility of the internal audit activity
- Requirements of an internal audit charter
- Components
- Board approval
- Communication of the charter
- Difference between assurance and consulting services
- Conformance with the IIA Code of Ethics
Independence and Objectivity
- Interpret organizational independence of the internal audit activity
- Importance of independence, functional reporting, etc.
- Identify whether the internal audit activity has any impairments to its independence
- Assess and maintain an individual internal auditor’s objectivity
- Analyse policies that promote objectivity
Proficiency and Due Professional Care
- Knowledge, skills, and competencies required
- Demonstrate the competencies to perform audit responsibilities
- Technical skills
- Soft skills
- Demonstrate due to professional care
- Continuous professional development
Quality Assurance and Improvement Program
- Elements of the quality assurance and improvement program
- Internal assessments
- External assessments
- Reporting the results of the quality assurance and improvement program
- Identify appropriate disclosure of conformance vs. nonconformance
- The IIA’s International Standards for the Professional Practice of Internal Auditing
Governance, Risk Management, and Control
- The concept of organisational governance
- The impact of organizational culture on the overall control environment
- Interpret the organization’s ethics and compliance-related issues
- Alleged violations
- Dispositions
- Describe corporate social responsibility
- Interpret fundamental concepts of risk and the risk management process
- Describe globally accepted risk management frameworks appropriate to the organization (COSO – ERM, ISO 31000, etc.)
- Examine the effectiveness of risk management within processes and functions
- Recognize the appropriateness of the internal audit activity’s role in the organization’s risk management process
- Interpret internal control concepts and types of controls
- Apply globally accepted internal control frameworks appropriate to the organization (COSO, etc.)
- Examine the effectiveness and efficiency of internal controls
Fraud Risks
- Interpret fraud risks and types of frauds and determine whether fraud risks require special consideration when conducting an engagement
- Evaluate the potential for the occurrence of fraud (red flags, etc.) and how the organization detects and manages fraud risks
- Recommend controls to prevent and detect fraud and education to improve the organization’s fraud awareness
- Recognize techniques and internal audit roles related to forensic auditing

MODULE 2: PRACTICE OF INTERNAL AUDITING

Managing the Internal Audit Activity
- Internal Audit Operations
- Establishing a Risk-based Internal Audit Plan
- Communicating and Reporting to Senior Management and the Board
Planning the Engagement
- Engagement Planning
Performing the Engagement
- Information Gathering
- Analysis and Evaluation
- Engagement Supervision
Communicating Engagement Results and Monitoring Progress
- Communicating Engagement Results and the Acceptance of Risk
- Monitoring Progress

MODULE 3: BUSINESS KNOWLEDGE FOR INTERNAL AUDITING

Business Acumen

Organizational Objectives, Behaviour, and Performance
Organizational Structure and Business Processes
Data Analytics
Information Security
- Physical security controls
- User authentication and authorization controls
- Encryption, firewalls, antivirus, etc
- Data privacy laws and their potential impact on data security policies and practices
- Emerging technology practices
- Bring Your Device [BYOD], smart devices, Internet of Things [IoT], etc.
Information Technology
- Application and System Software
- IT Infrastructure and IT Control Framework
- Disaster Recovery

Financial Management
- Financial Accounting and Finance
- Managerial Accounting

Course Schedules

COURSE NAME	DURATION	COURSE DATE	LOCATION	COURSE FEE(excluding VAT)	ENQUIRY FORM	REGISTER
FUNDAMENTALS OF INTERNAL AUDITING	2 DAYS	MAY 11TH-12TH	IKEJA	N180,000	ENQUIRY FORM	ENROLL NOW
FUNDAMENTALS OF INTERNAL AUDITING	2 DAYS	AUGUST 17TH-18TH	IKEJA	N180,000	ENQUIRY FORM	ENROLL NOW
FUNDAMENTALS OF INTERNAL AUDITING	2 DAYS	NOVEMBER 13TH-14TH	IKEJA	N180,000	ENQUIRY FORM	ENROLL NOW

Explore something new

Training Options

Classroom Trainings

N180,000

Interactive,excitingly serious action oriented learning methodology

Classroom training by top instructors and practitioners

Live Online Virtual Training

N170,000

90 days of flexible access to online classes

Live, online classroom training by top instructors and practitioners

Corporate Trainings

Customized to your team learning needs and organizational goals

Customized learning delivery model (digital material and/or instructor-led)
Flexible pricing options
Enterprise grade Learning Management System (LMS)
Enterprise dashboards for individuals and teams
24×7 learner assistance and support

See WHAT OUR CUSTOMER SAYS

Testimonials

THE PROGRAM I ATTENDED HAS BEEN VERY ENLIGHTENING AND IMPACTFUL. I REALLY ENJOYED THE DELIVERY OF THE FACILITATORS.

JK MICHAELS EMBODIES A WEALTH OF EXPERIENCED AND KNOWLEDGEABLE FACILITATORS WITH A WONDERFUL DRIVE FOR COACHING AND SKILL DEVELOPMENT.THEIR INTERACTIONS AND EXAMPLES WERE REALLY HELPFUL.

IF YOU WANT AN INDEPTH UNDERSTANDING OF PROJECT MANAGEMENT DELIVERED EXCELLENTLY BY PLEASANT AND INTELLIGENT FACILITATORS WHO HAVE A DEEP KNOWLEDGE OF THE SUBJECT MATTER, COME TO JK MICHAELS.

JK MICHAELS HAS GOT FANTASTIC PROGRAMS WITH GREAT CONTENT DELIVERED WITH EXCELLENCE.

Download the JK Michaels FREE Template and FREE E book

FUNDAMENTALS OF INTERNAL AUDITING Training.

Examination and Certification

Who Should Attend?

Who should attend

Internal Audit
Quality Assurance
Risk Management
Audit/Assessment
Compliance
Finance
External Audit
Internal Control
Quality Assurance Managers
Quality Control Managers
Production Supervisors
Food Safety Managers
Maintenance Supervisors
Quality Assurance Technicians
Production Managers
Safety Managers
Future Auditees

Why JK Michaels

Academic Excellence

You will gain practical,useful and impactful skills from our experienced faculties.

CONSULTANTS: Our consultants are Practical, Professional,Experienced, Licensed & Effective personnel with minimum experience of over 25years.
CONSULTANT RATING: 96% of our training consultants scored A+ rating from our customers in 2020

INTERNATIONAL ACCREDITATION

JK Michaels joins the prestigious group of organizations approved by Project management institute USA,American Academy of Project Management (USA),Scrum Study institute USA, to provide world class Effective project management training; After a rigorous audit of our curriculum design, delivery, facilitators, and content of our courses.

We are also accredited by government as a management training and consulting firm.In addition to other international institutes including :International institute of Business analysis(IIBA);(APMG)Association of Project Management Group;International institute of Six Sigma Certification;Peoplecert,Clover Health and Safety,Nebosh,Pregen Business School Atlanta,Simplilearn;International institute of Supply Chain Management (UK).
JK Michaels is in alignment with International Standard in Quality and Safety

WORLD CLASS REPUTATION

We are committed on delivering on our customers trust.

CUSTOMER RATING: 95% of our customers rated JK Michaels program excellent and of great value compared to what they pay.
REFERRALS: 95% of our business comes from referrals.
TRUST: Our customer retention rate is 95%.
TRACK RECORD: In year 2019, 96.4% of our customers rated JK Michaels as EXCELLENT.

UNIQUE LEARNING AND CONSULTING SOLUTION

Excitingly different, action learning system focused on improving talents & impacting bottom-line results.

JK MICHAELS LEARNING SYSTEM™ : Practical Action Learning + fun + intellectual intensity = Uncommon Performance
JK MICHAELS CONSULTING SYSTEM™ : Excellent project +process +People + Technology = Uncommon Performance .
CONDUCIVE LEARNING ENVIRONMENT: 99% of our customers rate our facility conducive serene and secure with unmatched technology, gourmet lunch, free refreshment, and WIFI.

CORPORATE IMPACT

After undergoing our training, our customers reported a minimum of 35% boost in their productivity,70% of them get promoted to a higher level at work, 98.5 % pass professional exam at their first sitting and 100% get to network and share experience with employers and top management.

DEDICATED CUSTOMER SERVICE

We promise to support you until you succeed.

COURTESY: You are assured of a courteous and friendly customer service that will work with you until you succeed.
RESPONSIVENESS: We guarantee that your enquiries will be responded to, in three minutes.

INTERNATIONAL THOUGHT LEADERSHIP

Extensive topical resources, white paper, articles.