Conference on Modern International Standards of Internal Audit Function

Overview:

Introduction:

This conference focuses on the application of modern international standards in internal auditing, equipping participants with the latest knowledge and best practices for developing effective and compliant internal audit functions. It empowers participants to align internal audit processes with global standards and enhance organizational governance, risk management, and control frameworks.

Program Objectives:

By the end of this conference, participants will be able to:

• Understand modern international standards governing internal audit.

• Apply best practices to strengthen internal audit functions.

• Align internal audit processes with global frameworks and compliance standards.

• Develop risk-based internal audit plans.

• Foster continuous improvement in internal audit practices.

Target Audience:

• Internal Auditors.

• Audit Managers and Supervisors.

• Risk Management and Compliance Officers.

• Governance Professionals.

• Finance and Operational Auditors.

Conference Outline:

Unit 1:

Overview of International Standards for Internal Auditing:

• Introduction to the International Standards for the Professional Practice of Internal Auditing (IPPF).

• Understanding the International Standards of Supreme Audit Institutions (ISSAI).

• Overview of ISO 19011 guidelines for auditing management systems.

• Key components of internal audit frameworks (COSO, COBIT).

• Aligning internal audit practices with international standards.

Unit 2:

Risk-Based Internal Auditing:

• The principles of risk-based auditing.

• Integrating risk management into the audit process.

• Identifying and assessing high-risk areas for audit focus.

• Developing and executing a risk-based audit plan.

• Case study: Implementation of risk-based auditing in a global organization.

Unit 3:

Enhancing Internal Audit Quality and Effectiveness:

• Applying quality assurance and improvement programs (QAIP) for internal audits.

• Measuring audit effectiveness through performance metrics.

• Ensuring compliance with international auditing standards.

• Best practices for maintaining independence and objectivity.

• Continuous monitoring and improvement of audit quality.

Unit 4:

Internal Audit's Role in Governance, Risk, and Compliance (GRC):

• Understanding the relationship between internal audit and GRC frameworks.

• Enhancing corporate governance through internal audit practices.

• Supporting organizational risk management and compliance initiatives.

• Conducting audits of governance, risk, and compliance programs.

• Aligning internal audit with organizational strategic objectives.

Unit 5:

Reporting and Communication of Audit Results:

• Best practices for communicating audit findings and recommendations.

• Writing clear, concise, and impactful audit reports.

• Presenting audit results to senior management and the board.

• Following up on audit recommendations and corrective actions.

• Enhancing transparency and accountability through effective audit reporting.