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.

FUNDAMENTALS OF INTERNAL AUDITING
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FUNDAMENTALS OF INTERNAL AUDITING COURSE OVERVIEW

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.
The thorough instruction covers the core methods and instruments needed for audit tasks and acknowledges best practice approaches. Read More

FUNDAMENTALS OF INTERNAL AUDITING Key Features

Benefits

KEY FEATURES

KEY FEATURES

PERSONAL IMPACT

ORGANIZATIONAL IMPACT

Course Outlines

  • 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
  • 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

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
Delivery Method
Course Fee
REGISTER

FUNDAMENTALS OF INTERNAL AUDITING

2 DAYS

MAY 12TH-13TH

IKEJA WEEKDAY

CLASSROOM/VIRTUAL

N180,000/N170,000

FUNDAMENTALS OF INTERNAL AUDITING

2 DAYS

AUGUST 18TH-19TH

IKEJA WEEKDAY

CLASSROOM/VIRTUAL

N180,000/N190,000

FUNDAMENTALS OF INTERNAL AUDITING

2 DAYS

NOVEMBER 10TH-11TH

IKEJA WEEKDAY

CLASSROOM/VIRTUAL

N180,000/N170,000

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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

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FUNDAMENTALS OF INTERNAL AUDITING Training.

Examination and Certification

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

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

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

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.

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.

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.

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.

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