This comprehensive course covers the complete internal audit lifecycle from initial planning through final reporting and follow-up. Participants will learn risk-based audit planning, fieldwork execution, evidence collection, and professional reporting standards. The program addresses both technical audit skills and the soft skills needed for effective stakeholder management and communication. Through practical exercises and real-world scenarios, attendees will develop the expertise to conduct value-added internal audits that provide assurance and insights to organizational leadership.
Internal Auditing: From Planning to Reporting
Financial Management and Accounting
October 25, 2025
Introduction
Objectives
Key learning objectives for this course include:
- Develop risk-based internal audit plans and programs
- Execute comprehensive audit fieldwork and testing
- Apply professional auditing standards and ethics
- Collect and evaluate audit evidence effectively
- Develop actionable audit findings and recommendations
- Create professional audit reports and presentations
- Manage stakeholder relationships and expectations
- Conduct follow-up and verification activities
- Apply data analytics in audit processes
Target Audience
- Internal Auditors
- Audit Managers
- Compliance Officers
- Risk Management Professionals
- Quality Assurance Staff
- Financial Controllers
- Operations Managers with audit responsibility
- Emerging Audit Professionals
Methodology
- Case studies of audit challenges
- Audit program development workshops
- Interview role-playing exercises
- Evidence evaluation scenarios
- Report writing activities
- Presentation practice sessions
- Individual audit simulation projects
Personal Impact
- Enhanced audit technical skills and knowledge
- Improved analytical and critical thinking abilities
- Stronger communication and interpersonal skills
- Increased confidence in audit execution
- Better stakeholder management capabilities
- Professional growth in internal audit career
Organizational Impact
- Improved risk management and control environment
- Enhanced operational efficiency and effectiveness
- Better compliance with policies and regulations
- Increased organizational learning and improvement
- Stronger governance and oversight
- Reduced fraud and error incidents
Course Outline
Internal Audit Fundamentals
Professional Standards- IIA standards and code of ethics
- Internal audit charter development
- Audit universe concepts
- Quality assurance framework
- Risk assessment methodologies
- Annual audit plan development
- Resource planning and allocation
- Stakeholder engagement planning
Audit Execution
Fieldwork Preparation- Audit program development
- Opening meeting conduct
- Staff assignment and briefing
- Timeline and milestone setting
- Interview techniques and skills
- Documentation review methods
- Observation and inspection approaches
- Data analytics application
Testing and Analysis
Testing Methodologies- Substantive testing techniques
- Compliance testing approaches
- Sampling methods and applications
- Analytical procedures
- Workpaper standards and organization
- Evidence documentation requirements
- Finding development and support
- Supervisory review processes
Finding Development
Issue Identification- Condition criteria development
- Root cause analysis techniques
- Impact assessment methodologies
- Recommendation development
- Risk rating frameworks
- Materiality considerations
- Control effectiveness evaluation
- Management response coordination
Reporting and Communication
Report Writing- Audit report structure and content
- Writing for different audiences
- Executive summary development
- Management response incorporation
- Closing meeting conduct
- Executive presentation techniques
- Board reporting preparation
- Stakeholder communication strategies
Follow-up and Verification
Action Tracking- Remediation plan monitoring
- Progress verification procedures
- Issue closure validation
- Follow-up reporting
- Audit process evaluation
- Stakeholder feedback collection
- Best practice implementation
- Professional development planning
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