Developing, Improving & Monitoring the Internal Audit Function

Upcoming Sessions

Classroom sessions
Online sessions

Course Introduction

Internal auditing is a key function for leading international organizations, ensuring that financial and accounting policies, procedures, and controls are operating effectively and as intended. A strong internal audit function not only validates compliance but also improves process efficiency, strengthens internal controls, and supports better decision-making across the organization. This is essential for maintaining transparency and reducing the risk of financial irregularities, errors, or fraud.

This Developing, Improving & Monitoring the Internal Audit Function training course is designed to help delegates build or enhance an internal audit department that meets international standards. Participants will learn how to assess the current audit structure, identify gaps, and implement improvements that support a robust internal control environment. By understanding audit risks and how to monitor policies, procedures, and financial transactions, attendees will be better equipped to protect the company and its employees, ensuring long-term stability and growth for world-class organizations.

Key Benefits of this Internal Audit Training Course:

  • Learn how to build or improve an internal audit function aligned with international standards
  • Understand the role and responsibilities of internal auditors in global organizations
  • Gain practical skills in assessing internal controls, policies, and procedures
  • Develop techniques to monitor financial transactions and reduce fraud risk
  • Enhance corporate governance through effective audit reporting and follow-up

Objectives

This internal audit training course is designed to equip delegates with practical knowledge and tools to develop, improve, and monitor an effective internal audit function.

Participants will understand the purpose and value of internal auditing within a corporate environment and how it supports strategic objectives. The course provides a structured approach to evaluating current audit practices, identifying areas for improvement, and implementing changes to strengthen internal controls. Delegates will also learn how to plan and manage audit assignments efficiently, applying international standards and risk-based methodologies.

Through interactive sessions, attendees will gain the skills needed to conduct post-audit reviews, compile audit findings, and prepare internal control updates for board members. This will enable them to contribute to stronger governance and more reliable financial reporting, ensuring that organizations maintain high standards of accountability and performance.

Training Objectives:

  • Understand the role and function of an internal audit department
  • Evaluate the effectiveness of the existing internal audit function
  • Recommend improvements to the current audit structure
  • Monitor policies, procedures, and financial transactions to international standards
  • Understand audit risk and efficiently plan, control, and record audit assignments
  • Conduct post-audit reviews and prepare internal control updates for boards

Training Methodology

This training course uses a blended approach combining practical exercises, case studies, and interactive discussions to ensure participants can apply concepts in real work situations. Delegates will engage in role-playing, group workshops, and scenario-based learning to enhance their understanding of internal audit functions and best practices. The course is designed to be highly interactive, allowing attendees to share experiences and learn from each other.

Participants will also work through audit planning, fieldwork, reporting, and post-audit review processes using real-world examples. The training emphasizes hands-on learning and practical tools that can be implemented immediately within the workplace. This approach ensures that delegates leave the course with clear action plans and improved skills to manage and monitor internal audits effectively.

Who Should Attend?

This internal audit training course is ideal for professionals involved in the audit process, governance, and financial control within organizations. It is particularly suitable for those who work directly with internal audit teams or are responsible for ensuring compliance and operational efficiency. Delegates will gain valuable knowledge to enhance audit performance and strengthen internal control frameworks.

The course is also beneficial for staff who are expected to support or interface with an internal audit committee, as well as non-financial professionals whose roles are subject to audit. Team leaders and supervisors will find the training useful for understanding audit expectations and improving internal processes across departments.

Who Should Attend?

  • Senior and middle management communicating with the internal audit department
  • Audit managers and staff looking to develop their audit skills
  • Financial and non-financial professionals supporting internal audit committees
  • Non-financial staff whose roles are subject to audit
  • Team managers and supervisors responsible for internal controls

Course Outline

Day 1: Internal & External Auditing and the Role & International Standards of the Internal Audit Department

  • Defining the Distinctions and Responsibilities between Internal and External Auditors
  • Identifying the Internal Audit Staff Positions
  • Identifying Internal Audit Staffing Requirements
  • Techniques for Ensuring Credibility for the Internal Audit Team
  • Developing the Audit Committee Charter for a Board of Directors
  • Review of Statements on International Auditing Standards Update and General Auditing Practice Issues

Day 2: Examining & Understanding the Differences between Various Types of Audits, including Risk Factors

  • Fraud and Forensic Audits
  • Compliance Audits
  • Operational Audits
  • Information Systems Audits
  • Financial Audits
  • Risk Factors & Audit Risk Alerts

Day 3: The Audit Process, Programs and Planning & Commencing Internal Audit Examinations

  • Developing Streamlined Processes for Conducting Internal Audit Examinations
  • Identifying Effective Audit Programs for the Various Types of Audits
  • Risk-Based IT Audit Procedures
  • Key Considerations for your Internal Audit Plan
  • 20 Questions Directors Should Ask about Internal Auditing
  • The Audit Commencement Conference Meeting

Day 4: Fieldwork: Internal Audit Examinations, Controls & Documentation

  • Evaluating Internal Controls & Substantive Procedures
  • A Detailed Examination of the Budget Process & Budgetary Controls
  • Planning & Conducting Audit Interviews
  • Accumulating Relevant Documentation during the Internal Audit Process
  • Professional Standards and Responsibilities Associated with Internal Auditing Documentation
  • Sampling & Statistical Analysis to ensure a Representative Sample

Day 5: The Audit Exit Conference, Findings and Post Audit Review

  • The Internal Audit Draft & Final Report: - Findings and Suggestions for Areas of Improvement
  • Planning the Audit Exit Conference Meeting
  • Distributing the Final Internal Audit Report within the Organization
  • Client Survey
  • Conducting Post-Audit Reviews/Follow Up Audit
  • Improving Corporate Governance

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.

Yes, and we'd love to make that happen. COPEX  specialises in fully customised in-house training, adapting course content to align with your organisation's unique goals, culture, and industry demands. Get in touch with us directly and we'll craft the right solution for your team.

Yes, the choice is yours. The Developing, Improving & Monitoring the Internal Audit Function Training Course  runs in a traditional classroom setting across various international locations, and it's also available as a live online programme for those who prefer to learn from wherever they are. Pick the format that fits your lifestyle and schedule best.

Not at all. The Developing, Improving & Monitoring the Internal Audit Function Training Course doors are open to everyone, regardless of your background or how many years you've been in the industry. That said, having some familiarity with the subject area can help you get even more out of the experience.

Our team is available around the clock — 24 hours a day, 7 days a week — ready to answer any question you have. Whether you need help choosing the right course, completing your registration, or sorting out logistics, we're here for you.

Expect an engaging, hands-on journey — not a room full of slides and passive listening. COPEX’s delivery blends presentations with group discussions, real-world case studies, practical exercises, and collaborative workshops. The goal is simple: everything you learn, you can use immediately back at work.

You'll be in good hands. COPEX hosts its courses in premium 4-star and 5-star hotels, with professional, fully equipped training spaces designed for focus and comfort. Throughout each day, you'll enjoy refreshment breaks with coffee and snacks, plus a complimentary lunch following every session.

This Developing, Improving & Monitoring the Internal Audit Function Training Course welcomes professionals from all walks of corporate life — whether you're a seasoned manager, an emerging team leader, a subject-matter specialist, or simply someone driven to grow in their field. If you're serious about advancing your career and deepening your expertise, this course was built with you in mind.

Absolutely. Every participant who successfully completes the Developing, Improving & Monitoring the Internal Audit Function Training Course earns an COPEX Certificate of Completion — a recognised mark of professional achievement. Depending on the specific course, it may also qualify for Training credits, which will be clearly noted in the course details.

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