Finance & Accounts

FA 13 Advanced Strategic Internal Auditing

Advanced Strategic Internal Auditing

Build and develop an internal audit unit to act effectively as a third line of defence in reducing risks and in the ethical management of organisations


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.
Course Code:F/A.13
Course Fee:£385
Duration:3 Days

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


  • 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