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

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.
Course Code: F/A.13
Subject: Finance
Course Fee: £595
Duration: 3 Days
Venue: London School of Economics UK

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

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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