Modern international standards of Internal Audit Function

Code

444

Start Date

2024-01-28

End Date

2024-02-01

City

Dubai

Price

2950 $

Language

Participants

1-15

Hotel

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The Course

The development, monitoring and continued improvement of a highly-integrated, internal audit function is essential for the continued financial success, stability and growth of world-class business entities. A well designed and effective internal audit system will provide verification and support that accounting and financial policies, procedures and controls are working adequately and will spotlight any significant matters that need attention.

During this program, you will learn how to:

Understand and recognize the purpose and design of an internal audit function along with practical methodologies in establishing departmental policies and procedures
Develop a comprehensive internal audit structure, including departmental staffing positions and lines of responsibilities
Plan an internal audit examination and communicate the findings and conclusions to an Internal Audit Committee and senior management
Implement the functions of an internal audit department, review various internal control processes and understand the objectives of preparing and presenting findings reports within an organization
Insure that an internal audit function meets or exceeds best practices in terms of peer group or industry standards

The Goals

Understand the role and functioning of an Internal Audit Department compared to the role and responsibilities of external auditors
Develop an Audit Committee Charter for a Board of Directors
Create personal descriptions and job requirements of an internal audit staff
Acquire knowledge of the different types and purposes of various audits as to applicability and function, including risk factors
Planning, notifying and implementing internal audit examinations for selected types of audits to be performed
Evaluate the effectiveness of in-place internal controls and security policies for organizational networks and information technology frameworks
Planning for an audit commencement conference meeting
Understanding relevant documentation as it pertains to professional standards and responsibilities as well as best practices
Understanding the need of establishing credibility for an internal audit team
Communicating audit findings and reports and addressing areas needing improvement
Planning audit exit conference meetings and distributing internal audit reports within an organization
Conducting post-audit reviews and compiling internal control updates for Boards of Directors
Developing audit risk and other risk-related assessments

The Delegates

Accounting and financial professionals and senior management that are presently or may interface with the daily functioning of an internal audit department.
Financial and non-financial professionals that are supporting or may be appointed to support or interface with an Internal Audit Committee or that might review internal audit findings and reports for Boards of Directors or investor/shareholder reports for other informational purposes.
Non-financial professionals that may need to coordinate other activities with an internal audit department and/or share findings, reports or information.

The Benefits

Presentation and understanding of complex, financial topic terminology, concepts, applications and associated best practices
Building professional knowledge and expertise in an ever-evolving business environment
Increased assurance in professional, technical and managerial skills and abilities
New opportunities to build relationships with other financial professionals through networking

The Results

Develops financial professionals and senior management by providing advanced education and training in an important, functional control area
Presents objectives that will further develop and/or improve achieving organizational goals
Broadens exposure to a wider scope of concepts relative to organizational planning and decision making
Presents opportunities to engage with other delegates and to pursue further business relationships through networking

The Programme Content

Day One

Defining and Developing the Internal Audit Process and Establishing Roles, Functions and Responsibilities for the Internal Audit Department

Defining, developing and implementing an Internal Audit Function
Defining the distinctions and responsibilities between Internal and External Auditors
Identifying the Internal Audit Staff Positions
Developing the Audit Committee Charter for a Board of Directors
Review of Statements on International Auditing Standards Update and General Auditing Practice Issues
Identifying Internal Audit Staffing Requirements

Day Two

Examining and Understanding the Differences between Various Types of Audits, including Risk Factors

Operational Audits
Financial Audits
Compliance Audits
Fraud and Forensic Audits
Information Systems Audits
Review of Current Year U.S. Audit Risk Alerts

Day Three

Selecting, Procedural Planning and Commencing Internal Audit Examinations

Developing Streamlined Processes for Conducting Internal Audit Examinations
Identifying Effective Audit Programs for the Various Types of Audits
Evaluating and Selecting Internal Audit Methodologies
Notifying the Internal Auditee and Supervisors of the Internal Audit Examination and Promoting Cooperation and Assistance in Achieving Common Goals
Evaluating Internal Controls Systems and Accessing Network and Computer Files and Folders
Effecting Changes to an In-Process Internal Audit Examination

Day Four

Managing and Monitoring Internal Audit Examinations and Methodologies of Ensuring Credibility for the Internal Audit Team

Planning the Audit Commencement Conference Meeting
Accumulating Relevant Documentation during the Internal Audit Process
Professional Standards and Responsibilities Associated with Internal Auditing Documentation
Tools and Methods for Ensuring a Smooth Audit Process
Techniques for Ensuring Credibility for the Internal Audit Team

Day Five

Issuing Reports of Audit Findings, Conducting Exit Conferences and Implementing Sound Corporate Governance Policies to Achieve Effective Internal Controls

Communicating Audit Findings and Suggestions for Areas of Improvement
Planning the Audit Exit Conference Meeting
Distributing the Final Internal Audit Report within the Organization
Conducting Post-Audit Reviews
Internal Controls Updates for Boards of Directors
Audit Risk Developments and Projects on the Near Term Horizon

European Quality Training and Management Consultancy reserves its full right to change the location of the training program and change the approved lecturer to provide the training program in accordance with the European Quality vision and the conditions of holding the program without prior notice

The European Quality Training and Management Consultancy adopts modern methods of training and raising the efficiency of human resources development, so we follow:

Theoretical lectures through PowerPoint presentations and Visual presentations (videos and short films).
Scientific evaluation for the trainee (pre & post-evaluation).
Brainstorming, application and representation of roles.
Practical situations that are appropriate to the scientific material and with the nature of the work of trainees.
Tests at the end of the course.
The participant receives the scientific and practical material for the training program printed and saved on CD or Flash Memory.
Attendance reports for participants and final results reports with general evaluation of the program.
The scientific material of the training program is prepared in a scientific and professional manner, this is done by the best professors and trainers in all fields and all specialties.
At the end of the program, the trainee is awarded a certificate of attendance and participation issued by the European Quality for Training and Management Consulting, provided that they complete at least 80% of the program's days
The terms and conditions for registration, payment and cancellation apply to all training programs. To see the conditions, please visit the following link, click here and your registration in any training program means your acceptance of the terms and conditions for registration, payment and cancellation
The terms and conditions of the training programs venue apply to all programs, and your registration in any training program means your acceptance of these terms and conditions
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To register for any training program, the deadline is before the training program start by 21 days, and any application after this date is rejected, except for who are accepted according to European Quality Training and Management Consultancy terms and conditions.
European Quality Training and Management Consultancy has the right to accept or reject any registration application without explaining any reasons.
The deadline for registration in any training program is 14 days before the start of the program and no registration is accepted after that, except for those who are approved according to the terms and conditions of the European Quality Training and Management Consultancy or with official approval and confirmation of registration issued by the European Quality Center for Training and Management Consulting
European Quality Training and Management Consultancy does not adopt the policy of the minimum number of participants in the training program if it is not stated explicitly in the terms of the program contract between the trainee or his work and between the European Quality Training and Management Consultancy .
European Quality Training and Management Consultancy has the right to change, modify, or update this policy without prior notice, and the client has to review our policy before registering for any training program.
By registering for any of our training programs, you agree to our policy.

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All prices shown on European Quality Training and Management Consultancy website are for joining training programs, excluding (hotel bookings for trainees - flight tickets - transportation - travel insurance - and any other special needs of travelers).
The training programs prices shown on European Quality Training and Management Consultancy include only (attending the program, practical and scientific material, coffee breaks, and a certificate after completing the training program.)
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If the registration is under an official letter issued by the trainee's employer, then the employer is responsible for paying the training program fees and European Quality Training and Management Consultancy has the right to claim the program fees before its starting date.
The trainee's employer is obliged to send the fees to European Quality Training and Management Consultancy account within a period of 90 days at maximum, from the program ending date.
European Quality Training and Management Consultancy has the right to change, modify, or update this policy without prior notice, and the client has to review our policy before making any deal.
By registering for any of our training programs, you agree to our policy.

Cancellation policy

The client do not has the right to cancel his reregistration before the starting date by less than 21 days. If the client cannot attend the training program for any reason, he can attend another training program at any other time, and he shall not be entitled to claim to European Quality Training and Management Consultancy any money or compensation in any way.
European Quality Training and Management Consultancy is entitled to cancel the registration of any participant in any training program without explaining the reasons, in accordance with European Quality trends and policy.
European Quality Training and Management Consultancy is entitled to confirm the registration according to its status and provide seats according their general policy.
European Quality Training and Management Consultancy is entitled to cancel any training program and is committed to refund all fees paid by the clients.
European Quality Training and Management Consultancy is entitled to change the training program venue as required without explaining any reasons, and they are not committed to refund any paid fees if the client cannot attend the program or the new venue is not suitable for the trainee's employer because of an emergent change of the venue, and the paid fees are saved in the client's account and can be used for registration for other training programs at another time.
European Quality Training and Management Consultancy has the right to change, modify, or update this policy without prior notice, and the client has to review our policy before asking for cancelation.
By registering for any of our training programs, you agree to our policy.

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The European Quality Training and Management Consultancy offers special prices on some training programs for groups to participate in the programs (more than three participants in the program) starting from 20% and up to 40% of the basic price of the program and the discount rate is approved according to a technical and financial offer addressed to the trainee's work, showing details The program, the date of the meeting and the discount rate. When the price is approved after the discount, the new price of the program will be clarified on the website. It is available to all customers who wish to take advantage of the new price and participate in the activities of the training program
that you register in any program The acceptance of the policy of discounts applied to the European Quality Training and Management Consultancy.

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Other Dates for the Courses

08 Oct To 12 Oct 2023

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