Modern International Standards of Internal Audit Function

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.