Developing, Improving & Monitoring the Internal Audit Function

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