Description
Duration 5 days
Course Description
This training course is expertly designed in a way to enable full recognition and assimilation of the main International Professional Practices Framework, tools and processes of Internal Audit function. It aims at educating and coaching the fundamental components of the Internal Audit occupation from all aspects and its know-how.
This training course will give you up-to-date perceptions into the domain of not only internal auditing but also risk management, corporate governance and interrelated activities in any industry.
Accordingly, it will cover Corporate Governance, Enterprise Risk Management, Risk-based Auditing Approach and Risk-based Compliance function to fully understand the whole process and learn how to achieve full cooperation among these governance functions and improve the Corporate Governance process and harmony within the organization.
Who should attend
- Audit managers
- Risk Managers
- Compliance Officers
- Operational risk managers
- Internal Control Middle-level management
- Managers and Officers involved in the process of Governance Departments
- CFO’s
What you will learn
- Governance; What is it about? Benefits, Obstacles and Key Principles of Good Governance
- Internal Audit New Approach “Risk-based Audit” as well as Compliance New Approach “Risk-based Compliance”
- Understanding organizational risks, risk appetite and risk tolerance and how to incorporate this into internal audit planning and to embed Risk Management into the Internal Audit Culture
- Managing the relationship among Internal auditing, Risk Management & Compliance functions
- Improving alignment of Internal Audit to mission, vision and values of the organization
Course objectives
Being able to:
- Comprehend and foster their audit skills and knowledge, assimilating the fundamentals of the audit role so they can carry out their audit assignments and report them in a highly professional manner
- Learn how to assess the Governance aspects of the control environment in each audit assignment
- Learn how to develop skills and knowledge in relation to advanced risk-based internal auditing to effectively carry out the audit duties proficiently and report it in a highly professional style to management
- Improve performance and accountability in the internal audit function as well as acquire more knowledge on neighbor control departments such as Compliance
- Understand fundamental concepts of Governance and how to implement it practically to reduce the financial risk while achieving the organization’s goals
