FA.13: Advanced Strategic Internal Audit
Accredited by: LONDON INSTITUTE OF SKILLS DEVELOPMENT SIGNATURE PROGRAMME
Who should attend?
- Delegates who have solid experience within auditing and who are now looking to contribute to the strategic development of the audit function to both equip themselves with additional skill-sets and enhance the level of protection and transparency afforded to the organisation via the pro-active internal audit function
- Junior Managers, Fresh Graduates & Final Semester Students to acquire a promising career in a reputable organization.
Learning Objectives
By the end of the training delegates will be able to:
- Focus on critical enterprise risks and emerging risks from the audit function side
- Contribute effectively to addressing ongoing organisational business management risks on an outlier basis
- Link risk reporting to the organisation’s business objectives
- Effectively use risk reporting in order to advance dialogues around risk appetite
- Integrate risk reporting with performance reporting
- Assess and report on whether changes in the external environment affect the critical assumptions underlying the organisation’s strategy
Course Content
Review of Key Audit Function Foundations
- Review of key action points
- Developing organizational specific risk matrices
- Global best practice – case studies & analysis
- Key action points – Delegate action plan development
Risk based auditing
- Identifying areas of risk
- Classifying and quantifying risk areas
- Developing audit and re-audit frequency in line with risk
- Overview of emerging threats
Conducting effective audits
- The role of the auditor as consultant
- Utilising audit reporting to inform organisational policy development
- Continuous improvement initiatives
- Measuring improvement – toolkit to objectively measure and demonstrate audit output improvements
E-Crime
- Opportunistic E-Crime overview
- Sophisticated E-Crime
- Cyber security defence systems
- External accreditation for data security
Engaging with the audit structure
- Making effective recommendations and business cases
- Presenting information effectively – combining written skills and personal presentation skills
- Contribution to the development of the long term audit strategy
- Raising the profile of internal audit within the organisation
Audit reports – working with stakeholders
- Effective post audit de-briefing
- Root cause analysis
- Developing departmental action plans with stakeholders
- Managing conflict situations
The use of technology within Economic Crime fighting
- Overview of new fraud prevention technology
- Voice analysis systems
- Data analysis systems
- Integrating the use of technology within the audit function
Effective linkage of organizational systems
- Overview of key organizational systems – Finance, HR, Governance, CSR
- Closing the loopholes to assist in legal prosecution case efficiency
- Ensuring true staff policy compliance
- Establishing & managing – Staff register of interests &
- Conflicts of interest
Engaging with External Auditing
- The key role and objectives of external audit
- Ensuring availability of evidence
- Overcoming organizational cultural challenges
- Capturing learning & growth opportunities form the external audit