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 Modern International Standards of Internal Audit Function 23 Dec Madrid Spain QR Code
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Quality and Operational Auditing

Modern International Standards of Internal Audit Function


REF : A191 DATES: 23 - 27 Dec 2024 VENUE: Madrid (Spain) FEE : 5300 

Overview:

Introduction:

This training program provides professionals with an in-depth understanding of the framework and requirements of modern international internal audit standards. It empowers them to improve audit quality, ensure compliance, and strengthen organizational governance.

Program Objectives:

At the end of this program, participants will be able to:

  • Understand the framework and requirements of modern international internal audit standards.

  • Develop and implement audit processes that comply with these standards.

  • Enhance audit quality and effectiveness through adherence to global best practices.

  • Communicate and report audit findings in line with international standards.

  • Promote strong governance and risk management practices within their organizations.

Targeted Audience:

  • Internal auditors and audit managers.

  • Compliance officers and risk management professionals.

  • Financial and operational auditors.

  • Professionals responsible for corporate governance.

  • Organizations aiming to align their internal audit functions with international standards.

Program Outlines:

Unit 1:

Overview of Modern International Internal Audit Standards:

  • Introduction to international internal audit standards (IIA Standards, ISO 19011.).

  • Understanding the importance of standards in enhancing audit quality and effectiveness.

  • Key components and principles of modern international audit standards.

  • The role of internal audit standards in organizational governance and risk management.

  • Case studies illustrating the application of international standards in internal auditing.

Unit 2:

Implementing International Audit Standards:

  • Developing audit plans and processes that comply with international standards.

  • Conducting audits in accordance with global best practices.

  • Techniques for integrating standards into existing audit frameworks.

  • Addressing challenges in implementing and maintaining compliance with standards.

  • Tools and resources to support standard implementation and compliance.

Unit 3:

Enhancing Audit Quality and Effectiveness:

  • Strategies for improving audit quality through adherence to international standards.

  • Continuous professional development and training for audit teams.

  • Utilizing technology and data analytics to enhance audit effectiveness.

  • Best practices for conducting audits that provide value and assurance.

  • Techniques for measuring and evaluating audit performance against standards.

Unit 4:

Communicating and Reporting in Line with Standards:

  • Preparing audit reports that comply with international standards.

  • Effective communication of audit findings and recommendations.

  • Ensuring transparency and clarity in audit reporting.

  • Techniques for gaining stakeholder buy-in and support for audit recommendations.

  • Case studies of successful audit reporting aligned with international standards.

Unit 5:

Promoting Governance and Risk Management:

  • The role of internal audit in promoting strong governance and risk management.

  • Integrating risk management practices into the audit function.

  • Techniques for assessing and managing organizational risks.

  • Promoting ethical behavior and accountability through audit practices.

  • Sustaining improvements in governance and risk management through continuous auditing.