Adding Value in Internal Audit

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Course Introduction

In today’s fast-paced business environment, internal audit is no longer just a compliance function. Organizations now demand internal audit to be a proactive, value-driven partner that helps improve performance and strengthen governance. This Adding Value in Internal Audit training course is designed to help internal audit teams move beyond traditional, historical audit practices and become a key contributor to strategic decision-making.

The course focuses on transforming internal audit into a modern assurance provider that adds measurable value across the organization. Participants will learn how to enhance audit quality, align audit activities with business priorities, and create a stronger partnership with senior management. The training also emphasizes modern audit approaches such as continuous auditing and performance-based auditing.

Key components of this COPEX training course include:

  • Shifting the audit process focus towards value-added services
  • Auditing third-party activities such as outsourced services and joint ventures
  • Developing techniques to build a world-class audit team
  • Implementing principles of continuous auditing
  • Auditing Corporate Social Responsibility practices

Objectives

This course is designed to help internal audit professionals elevate their function and deliver measurable value to the organization. By the end of the training, participants will be able to benchmark their internal audit function against global best practices and make a successful transition from a good function to a great one.

They will gain practical skills to effectively engage with senior management and develop stronger stakeholder assurance. The course also equips participants with tools to confidently audit corporate governance, manage consultancy challenges, and deliver high-quality assurance services. With a focus on modern audit practices, participants will be able to add value through improved audit planning, execution, and reporting.

Participants will be able to:

  • Benchmark the internal audit function against worldwide best practice
  • Transition from a good internal audit function to a great one
  • Deliver measurable added value to the business
  • Handle consultancy and advisory challenges confidently
  • Audit Corporate Governance with assurance and clarity
  • Enhance stakeholder engagement and communication

Training Methodology

This interactive training course uses a blend of proven learning techniques to ensure maximum understanding and retention. Participants will engage in practical exercises, group discussions, and real-life case studies to apply tools and techniques in a realistic context. The training is highly participative, allowing attendees to share experiences, discuss challenges, and learn from peers across different industries.

The course is designed to challenge current internal audit practices and introduce modern, value-driven approaches. Through hands-on activities, participants will learn how to identify opportunities for added value, develop effective audit strategies, and improve audit outcomes. The training also provides practical tips and techniques that can be applied immediately in the workplace to enhance audit quality and stakeholder satisfaction.

Who Should Attend?

This training course is ideal for senior assurance professionals who want to enhance the impact of their internal audit function. It is particularly useful for those who are facing the challenges of modern audit expectations and who aim to add greater value to the business. The course also offers a great opportunity to network with peers from different sectors and share new approaches to common internal audit challenges.

This course is suitable for:

  • Heads of Audit
  • Audit managers or those preparing for this role
  • Audit supervisors
  • Managers of assurance functions such as Compliance or Quality Assurance
  • Senior management involved in governance and risk assurance

Course Outline

Day 1: Internal Audit Best Practice

  • Ensure IA is seen as an agent for positive change
  • Meeting the challenges of the new IIA standards
  • The significant changes in the Internal Audit role
  • The need to recognise audit risk
  • Building a world class team
  • Marketing the IA activities

Day 2: The Value for Money (VFM) Approach

  • What is VFM?
  • The Power of VFM auditing
  • The 3 E’s (Efficiency, economy and effectiveness)
  • VFM audit techniques
  • Performance measurement
  • Case Studies

Day 3: Adding Value by Focusing Audit Activities

  • Focusing attention on the activities with potential to add value
  • Auditing Third Party activities
  • Outsourcing reviews
  • Managing the added value audit process
  • Continuous auditing
  • Assurance Mapping

Day 4: Corporate Governance – the Added Value Approach

  • The key aspects of CG
  • Auditing the key aspects of Corporate Governance
  • Developing proactive Audit Committee relationships
  • Auditing Corporate Social Responsibility and Ethics
  • How to understand and exceed stakeholders’ expectations
  • Auditing new areas such as Social Media

Day 5: Auditing the More Complex Added Value Topics

  • Information security
  • Systems under development
  • The web site and external communications
  • IT projects
  • Business Continuity Management
  • Brand and reputation management

Certificate

  • COPEX Certificate of Attendance will be provided to delegates who attend and complete the course

Material published by Copex shown here is copyrighted. All rights reserved. Any unauthorized copying, distribution, use, dissemination, downloading, storing (in any medium), transmission, reproduction or reliance in whole or any part of this course outline is prohibited and will constitute an infringement of copyright.

Whats Makes Copex Courses Unique?

COPEX Training is your gateway to professional growth, with over 20 years of experience turning potential into success. Each year, we deliver over 1,000 courses in 50+ countries, earning a stellar 98% satisfaction rate. Trusted by global giants like BP, the United Nations, and HSBC, we partner with top certification bodies to provide career-focused training that empowers individuals and drives organizational breakthroughs. Our mission? To transform the way professionals learn and grow in today’s fast-changing industries. Through expert insights, cutting-edge methods, and hands-on approaches, we equip you with the skills and confidence to tackle challenges, seize opportunities, and thrive in your career.

Led by a passionate leadership team and supported by a network of world-class trainers, COPEX Training connects professionals worldwide with life-changing opportunities. We are committed to excellence, ensuring every participant leaves with the tools, expertise, and confidence to conquer an ever-evolving world.

Related Categories

Finance & Accounting

Frequently Asked Questions

This FAQ section provides quick answers to the most common questions about our services, procedures, and policies. We aim to make your experience with us as straightforward as possible. For further assistance, our support team is ready to help.

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Our cancellation policy varies depending on the circumstances presented. Generally, cancellations must be initiated in formal writing at least 14 days prior to the commencement date of the training course. Further, the option to shift an existing registration to another training course on a later date is possible. Otherwise, a full refund will be initiated.

Our training courses courses are being held at five-star hotels in prime and iconic destinations across the globe. Cities such as Amsterdam, Barcelona, Dubai, Geneva, Istanbul, Kuala Lumpur, London, Houston, New York, Paris, Vienna, Zurich, etc.

Our training courses will run for 5 hours per day. The standard daily timing is from 8:30 am – 3:30 pm including the coffee/tea breaks and lunch.

The training course fee can be settled by either:

  • Bank transfer
  • Credit Card

Published training course fees are inclusive of the training venue, training manual, writing materials, lunch and coffee breaks with refreshments over the entire duration of the training course.

Upon successful registration, processing window will take not more than 24 hours from the time of registration. An email including the registration confirmation, invoice and joining instructions will be sent to the provided email address.

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At Copex Training, we offer customizable courses designed to fit your specific needs. whether it's refining procurement practices or enhancing leadership and management skills, we tailor our programs to meet your unique goals and challenges. Let us create a training solution that delivers real results for your team.

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