Finance & Accounts

FA 10 Internal Auditing – Level 2

Internal Auditing - Level 2

Develop advanced risk-based techniques and compliance auditing

Accredited by: LONDON INSTITUTE OF SKILLS DEVELOPMENT SIGNATURE PROGRAMME

Who should attend?

  • Delegates who have some experience of auditing, either directly as an auditor or from within the financial services sector seeking to develop a professional and best practice approach to the development of the internal audit function in private and public sector organisations and enterprises.
  • Junior Managers, Fresh Graduates & Final Semester Students to acquire a promising career in a reputable organization.
Course Code: F/A.10
Subject: Finance
Course Fee: £595
Duration: 3 Days
Venue: University of Cambridge, U.K

Learning Objectives

By the end of the course delegates will be able to: 

  • Expand the role of the audit function in their organisation
  • Contribute effectively to organisational audit strategy and implementation
  • Engage continuous improvement and quality assessment within the organisation’s audit function
  • Present information effectively at the auditing committee and senior management
  • Embed new technology and financial crime controls into the audit function

Course Content

Review of Key Audit Function Foundations

  • Review of key action points
  • Develop organisational specific risk matrices
  • Global best practice – case studies – lessons learned analysis
  • Key action points – delegate and manage action plan development

Risk – Based Auditing

  • Identifying areas of risk
  • Identifying new areas of risk
  • Classification and quantification of risk areas
  • Identifying potential interface of existing and new areas of risk
  • Developing audit and re – audit frequency in alignment with risk
  • Overview of emerging and evolving threats

Conducting Effective Audits

  • The auditor’s role as a consultant
  • Utilising audit reporting to inform organisational policy development
  • Continuous improvement initiatives and supervision
  • Measuring improvement – toolkit for objective measurement and demonstration of audit output improvements

The Impact of PESTLE on Strategy and Risk Management

  • The components of PESTLE and the impact on corporate finance
  • Porter’s generic competitive strategies
  • Mergers and acquisition – a corporate approach
  • Managing financial risks

Financial Crime Compliance

  • Record keeping procedures
  • Controls to identify potentially suspicious activities
  • Trade finance transactions
  • Trade processing controls by processing staff
  • Red flagging procedures
  • Pre-determined thresholds systems and controls
  • Escalations
  • Actions taken by senior management
  • Evidence and awareness of senior management evidencing how crime risks evolve in organisational type of business

Engaging with the Audit Structure

  • Making effective recommendations and business cases
  • Presenting information effectively
  • OSCOLA (Oxford University Standard for the Citation of Legal Authorities) for internal auditors
  • Contributing meaningfully to the development of the long – term audit strategy
  • Upgrading the profile of internal audit within the organisation

LISD Workshop Special GROUP Package Highlights:

(prices applicable to a group of minimum 8 persons)
*Maximum 15 persons will be enrolled in each workshop

  • 4 Days + 3 Nights Programme
  • Programme Registration with the invoice
  • 2 Scientific Knowledge-sharing sessions
  • Certificate of Participation signed by the authorities
  • 3 Night-accommodation in B&B (Double accommodation)
  • 2 Networking Dinners
  • 3 Lunches
  • 3 Networking Tea/Coffee
  • Airport Group-Pick & Drop Service
  • City Crawl
  • Group Excursion- Famous Tourist Attractions

Generic Schedule:

4 Days/ 3 Nights Programme

Day 1:
Hotel Group Pick-up Service from the nearest Airport to the Bed & Breakfast (Hotel)
Check-in: (between 2:00-4:00 pm)
City Crawl includes Takeaway Lunch and Coffee
(1st Night)

Day 2:
Interactive Learning Sessions: 9:00 am – 4:00 pm
Includes 2 Tea Breaks + Lunch
7:30 pm Networking Dinner
(2nd Night)

Day 3:
Interactive Learning Session/ Award Ceremony: 9:00 am- 1:00pm
Includes 1 Tea + Lunch
Excursion: 2:00-7:00 pm
Networking Dinner: 7:30 pm
(3rd Night)

Day 4:
Hotel Check-out at 10:00 a.m
Luggage can be Deposited in the Hotel
Free to Shop and Roam (independently)
Back to the Hotel at least 3.5 hours before the flight
Group Drop-off to the Airport

Register Per Person

Workshop Venue Full 4 Days + 3 Nights Workshop Package PER PERSON IN GROUP inclusive all taxes Credit/Debit Card
University of Oxford, U.K GBP 1350 Register Now Register Now
University of Cambridge, U.K GBP 1350 Register Now Register Now
King’s College London, U.K (University of London) GBP 1350 Register Now Register Now
University of Edinburgh, U.K GBP 1350 Register Now Register Now
London Institute of SD – Learning Center GBP 1145 Register Now Register Now
Baku, Azerbaijan GBP
Istanbul, Turkey GBP
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