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Cities

Istanbul

Risk-Based Internal Audit

ID  915

Finance and Accounting Training Courses

Risk-Based Internal Audit

Istanbul

Hotel Name
Hotel Meeting Room

03 Feb 2025 : 07 Feb  2025

25 Hours

2950 USD

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Training Details

Why Attend

Internal auditing is defined by the Institute of Internal Auditors as "an independent, objective assurance and consulting activity designed to add value and improve an organization`s operations. It helps an organization accomplish its objectives by bringing a systematic, disciplined approach to evaluate and improve the effectiveness of risk management, control and governance processes."

Changes in the regulatory and corporate governance environment have significantly increased the expectations that many stakeholders place on the internal audit function. This course guides internal auditors through the required standards for performing the internal audit. It covers up-to-date tips and tools to accomplish the audit in an efficient, flexible, and results-based manner in order to support the organization`s strategic objectives, improve its sustainability and leverage its ability to face future challenges.

Course Objectives

  • Define the scope and function of internal audit within the company
  • Distinguish the types of internal audit assignments related to operational, compliance, quality, safety or financial internal audit
  • Describe the internal audit planning guidelines and develop a risk-based audit plan
  • Apply techniques for risk identification, controls identification and controls testing
  • Identify the best sampling techniques in an internal audit assignment considering sample size or sample selection
  • Select the appropriate internal audit test tools and list the advantages and disadvantages of each

 

Course outline

  • Risk and internal audit overview
    • Definition of risk
    • Types of risk in an organization
    • Strategic, reporting, compliance, operational, financial and physical
    • Scope of corporate governance
    • Building blocks of corporate governance
    • Internal audit as a function of corporate governance
    • Scope of internal auditing
    • Reasons to have an internal audit function
    • Distinguishing internal from external auditing
    • The internal audit charter
    • The role of an audit committee
    • Risk management process
    • Five steps to accomplish an effective Enterprise Risk Management (ERM) framework
    • COSO enterprise risk management framework
    • Determining the risk appetite
    • The role of an internal audit activity in risk management
  • Types of internal auditing
    • Assurance services: the third line of defense
    • Performance auditing      
    • Operational auditing
    • Contracts auditing
    • Financial auditing: accounting cycles audited by the internal audit function
    • Security and privacy auditing
    • Quality auditing
    • Compliance auditing
  • Risk-based internal audit: planning the fieldwork
    • o   Reasons for risk-based audit planning
    • Three stages for implementing risk-based internal audit
    • Stage 1: risk maturity assessment
    • Actions of internal audit to assess risk maturity
    • Overall audit strategy based on risk maturity
    • Conclusion on risk management framework
    • Stage 2: production of the audit plan
    • Assurance requirements from board and management
    • Actions to achieve production of an audit plan
    • Identify processes and responses on which assurance is required
    • Categorize and prioritize the risks
    • Scoring and weighing risks
    • Link risks to audit assignments
    • Using assurance maps to determine assurance requirements
    • Stage 3: conducting audit engagements
  • Risk-based internal audit: conducting audit engagements
    • Internal audit role in performing the audit
    • Assessing risks: inherent, control, detection and audit risks
    • How management and internal audit can minimize risk
    • Engagement planning
    • Engagement objectives, scope and criteria
    • Engagement work program
    • Role of internal audit staff
    • Defining management assertions
    • Uncover risks during audit engagement
    • Example of internal audit risk assessment scale
    • Testing management controls
    • Insights on flowcharting for understanding cycles and controls
    • Assess design of internal controls
    • Test operating effectiveness of internal controls
    • 10 steps to complete the audit stage
    • Summarizing audit conclusions for the audit committee
  • Technical tools for internal auditors
    • Tips and tools for audit sampling
    • Information gathered by internal auditors
    • 4 qualities of information
    • Sources and nature of information
    • Assessing the degree of persuasiveness

Day 1 - Asset Cost Management Introduction

Maintenance & Reliability Best Practices are critical for every successful individual and company. This workshop delivers many practical and new Maintenance and Reliability Best Practices concepts and tools. You will discuss these concepts and practice using practical tools in case studies and discussion groups. The costs associated with equipment downtime and reduced production can be significant. Learning how to effectively manage all aspects of your industrial facility is a must.This workshop is a combination of instructor lead topic areas and class discussions. Interactive discussions will allow you to hear and learn best in class applications relating to maintenance planning and cost management strategies. You will have the opportunity to ask lots of questions in order to consider how best to apply these tools and techniques in your organization.

Day 2 - Laying the Groundwork

Maintenance & Reliability Best Practices are critical for every successful individual and company. This workshop delivers many practical and new Maintenance and Reliability Best Practices concepts and tools. You will discuss these concepts and practice using practical tools in case studies and discussion groups. The costs associated with equipment downtime and reduced production can be significant. Learning how to effectively manage all aspects of your industrial facility is a must.This workshop is a combination of instructor lead topic areas and class discussions. Interactive discussions will allow you to hear and learn best in class applications relating to maintenance planning and cost management strategies. You will have the opportunity to ask lots of questions in order to consider how best to apply these tools and techniques in your organization.

Day 3 - Applying the Value based Process

Maintenance & Reliability Best Practices are critical for every successful individual and company. This workshop delivers many practical and new Maintenance and Reliability Best Practices concepts and tools. You will discuss these concepts and practice using practical tools in case studies and discussion groups. The costs associated with equipment downtime and reduced production can be significant. Learning how to effectively manage all aspects of your industrial facility is a must.This workshop is a combination of instructor lead topic areas and class discussions. Interactive discussions will allow you to hear and learn best in class applications relating to maintenance planning and cost management strategies. You will have the opportunity to ask lots of questions in order to consider how best to apply these tools and techniques in your organization.

Day 4 - Ensuring the Continuity of the Value-based Process

Maintenance & Reliability Best Practices are critical for every successful individual and company. This workshop delivers many practical and new Maintenance and Reliability Best Practices concepts and tools. You will discuss these concepts and practice using practical tools in case studies and discussion groups. The costs associated with equipment downtime and reduced production can be significant. Learning how to effectively manage all aspects of your industrial facility is a must.This workshop is a combination of instructor lead topic areas and class discussions. Interactive discussions will allow you to hear and learn best in class applications relating to maintenance planning and cost management strategies. You will have the opportunity to ask lots of questions in order to consider how best to apply these tools and techniques in your organization.

The European Quality of Training and Management Consulting relies on advanced methodology in developing skills and enhancing the effectiveness of human resources. The company adopts modern methods to achieve these goals. In order to achieve its objectives, European Quality follows the following steps in a precise and professional manner:

  • Lectures and Visual Presentations:

    • Theoretical lectures are presented through PowerPoint presentations, videos, and short films, providing a comprehensive and enjoyable learning experience.

  • Scientific Assessment:

    • Trainees are thoroughly assessed before and after the training program to ensure the desired objectives are achieved and to provide necessary guidance.

  • Brainstorming and Role-playing:

    • Innovation and problem-solving are encouraged through brainstorming sessions and role playing experiences.

  • Practical Cases:

    • Practical learning is emphasized through cases relevant to the subject matter and the nature of work for the trainees, contributing to the development of practical skills.

  • Final Evaluation and Certificates:

    • A comprehensive assessment is conducted at the end of the program. Trainees are awarded attendance and participation certificates recognized by the European Quality for Training and Administrative Consultations, provided they have completed at least 80% of the program days.

  • Training Materials:

    • Professional trainers and experts in various fields create scientific and practical training materials, which are printed and retained, and distributed on CD or flash drives to ensure easy access to the content.

  • Post-Training Follow-up:

    • European Quality for Training and Administrative Consultations provides continuous support after the training program. This support includes additional consultancy sessions or workshops to ensure the continuity of learning and the application of acquired skills in the working environment.

  • Customized Training Programs:

    • Training programs are designed to meet the needs of individual companies and institutions. Client needs are carefully analyzed to ensure that the training content aligns with their specific objectives and achieves the desired impact.

  • Utilizing Technology:

    • Training incorporates modern techniques such as online platforms and distance learning to provide flexible and effective learning experiences. Participants can access educational resources online and engage in discussions and online workshops.

  • Specialized Trainers:

    • Trainers and lecturers are carefully selected to ensure they have high expertise in their fields. Experience and professionalism are added to the training to ensure the delivery of high-quality content and effective learning experiences.

  • Encouraging Participation:

    • European Quality encourages active participation and interaction during training sessions. Interactive activities such as group discussions and collective exercises are organized to stimulate effective participation in the learning process.

  • Focus on Personal Transformation:

    • Participants are encouraged to think critically and develop problem-solving skills and decision making abilities. They are guided towards achieving personal and professional transformation, leading to improved performance in their work areas.

  • Continuous Assessment:

    • Continuous assessments are provided to evaluate participants performance and their understanding of the training materials. This assessment is used to modify the training program if necessary and ensure the desired results are achieved.

  • Terms and Conditions:

    • Terms and conditions apply to all training programs. It is assumed that registering for any training program implies the participants agreement to these terms, including registration, payment, and cancellation policies.

  • Prices and Discounts:

    • It is noted that the prices displayed on the website do not include a 5% value added tax. All prices are subject to discounts according to the companys policies.

European Quality of Training and Management Consulting reserves the right to change the location of the training program, change the accredited lecturers for program delivery, hold, or cancel the program in line with the companys vision and program conditions and our quality policy.

European Quality for Training and Consultancy is certified

ISO 9001-2015

All rights reserved

Course Options

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Training other dates & Locations
44
03 Feb 2025   :  07 Feb 2025
Istanbul
2950$
10 Feb 2025   :  14 Feb 2025
Barcelona
4950$
17 Feb 2025   :  21 Feb 2025
Hong Kong
5950$
23 Feb 2025   :  27 Feb 2025
Jeddah
2950$
02 Mar 2025   :  06 Mar 2025
Kuwait
3250$
07 Apr 2025   :  11 Apr 2025
Berlin
4950$
14 Apr 2025   :  18 Apr 2025
Paris
4950$
20 Apr 2025   :  24 Apr 2025
Doha
3650$
27 Apr 2025   :  01 May 2025
Dubai
3250$
04 May 2025   :  08 May 2025
Salalah
3450$
12 May 2025   :  16 May 2025
Prague
4950$
19 May 2025   :  23 May 2025
San Francisco
6950$
26 May 2025   :  30 May 2025
London
4950$
02 Jun 2025   :  06 Jun 2025
Stockholm
4950$
08 Jun 2025   :  12 Jun 2025
Riyadh
2950$
16 Jun 2025   :  20 Jun 2025
Singapore
5950$
23 Jun 2025   :  27 Jun 2025
Florida
6950$
30 Jun 2025   :  04 Jul 2025
Copenhagen
4950$
07 Jul 2025   :  11 Jul 2025
Los Angeles
6950$
14 Jul 2025   :  18 Jul 2025
Barcelona
4950$
21 Jul 2025   :  25 Jul 2025
Munich
4950$
28 Jul 2025   :  01 Aug 2025
Boston
6950$
03 Aug 2025   :  07 Aug 2025
Dubai
3250$
11 Aug 2025   :  15 Aug 2025
Kuala Lumpur
3950$
18 Aug 2025   :  22 Aug 2025
Amsterdam
4950$
25 Aug 2025   :  29 Aug 2025
London
4950$
31 Aug 2025   :  04 Sep 2025
Marrakech
3950$
08 Sep 2025   :  12 Sep 2025
Athens
4950$
14 Sep 2025   :  18 Sep 2025
Cairo
2750$
22 Sep 2025   :  26 Sep 2025
Toronto
5950$
28 Sep 2025   :  02 Oct 2025
ON LINE
1750$
06 Oct 2025   :  10 Oct 2025
Geneva
4950$
12 Oct 2025   :  16 Oct 2025
Manama
3250$
19 Oct 2025   :  23 Oct 2025
Dubai
3250$
27 Oct 2025   :  31 Oct 2025
Istanbul
2950$
03 Nov 2025   :  07 Nov 2025
Sydney
5950$
10 Nov 2025   :  14 Nov 2025
Cape Town
5450$
16 Nov 2025   :  20 Nov 2025
Casablanca
3950$
23 Nov 2025   :  27 Nov 2025
Sharm El Sheikh
2950$
01 Dec 2025   :  05 Dec 2025
Cyprus (Larnaka)
4950$
07 Dec 2025   :  11 Dec 2025
Dubai
3250$
15 Dec 2025   :  19 Dec 2025
Roma
4950$
22 Dec 2025   :  26 Dec 2025
Beijing
4950$
29 Dec 2025   :  02 Jan 2026
Vienna
4950$

Result -->

12 Courses

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A

Z

Treasury and Cash Management

ID 662

One week

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Treasury and Risk Management

ID 861

One week

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Accounts Payable From Accounting to Management (Planning, Organizing and Achieving Best Practices)

ID 598

One week

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Accounts Payable: Accounting and Management Best Practices

ID 761

One week

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Payroll Accounting

ID 762

One week

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Dates & Locations

Corporate Finance

ID 40

One week

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Finance for Managers

ID 41

One week

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Dates & Locations

International Financial Reporting Standards

ID 42

One week

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Dates & Locations

Budgeting, Forecasting and the Planning Process

ID 43

Two weeks

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Dates & Locations

The Financial Excellence Programme

ID 44

Two weeks

Course Details

Dates & Locations

Financial Analysis, Planning & Control

ID 45

Two weeks

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Dates & Locations

Oil & Gas Accounting & Performance Measurement

ID 46

One week

Course Details

Dates & Locations