A Highly Interactive Training Course On

Fundamentals of Internal Auditing

A Comprehensive Overview of the Internal Audit Profession

Classroom Sessions
28 Apr-02 May 2025
Istanbul
$5,950
08-12 Sep 2025
Dubai
$5,950
19-23 Jan 2026
Dubai
$5,950

Course Introduction

This Fundamentals of Internal Auditing training course is expertly crafted to ensure a comprehensive understanding of the International Professional Practices Framework, along with the essential tools and processes of the Internal Audit function. It aims to educate and coach participants on all fundamental aspects of internal auditing and its practical applications.

Over 5 days, the course offers up-to-date insights into internal auditing, risk management, corporate governance, and their interrelated activities across various industries.

Participants will delve into topics such as Corporate Governance, Enterprise Risk Management, the Risk-based Auditing Approach, and Risk-based Compliance Functions. By covering these areas, the course enables a complete understanding of the internal auditing process, teaching how to achieve effective cooperation among governance functions and enhance both corporate governance processes and organizational harmony.

This COPEX training course will feature:

  • Governance; What is it about? Benefits, Obstacles and Key Principles of Good Governance
  • Internal Audit New Approach “Risk-based Audit” as well as Compliance New Approach “Risk-based Compliance”
  • Understanding organizational risks, risk appetite and risk tolerance and how to incorporate this into internal audit planning and to embed Risk Management into the Internal Audit Culture
  • Managing the relationship among Internal auditing, Risk Management & Compliance functions
  • Improve alignment of Internal Audit to mission, vision and values of the organization

Training Objectives

By the end of this COPEX training course, participants will be able to:

  • Comprehend and foster their audit skills and knowledge, assimilating the fundamentals of the audit role so they can carry out their audit assignments and report it in a highly professional manner
  • Learn how to assess the Governance aspects of the control environment in each audit assignment
  • Learn how to develop skills and knowledge in relation to the advanced risk-based internal auditing to e­ffectively carry out the audit duties proficiently and report it in a highly professional style to management
  • Improve performance and accountability in the internal audit function as well as acquire more knowledge on neighbor control departments such as Compliance
  • Understand fundamental concepts of Governance and how to implement it practically to reduce the financial risk while achieving the organization’s goals

Training Methodology

This COPEX training course will utilise a variety of proven adult learning techniques to ensure maximum understanding, comprehension and retention of the information presented. This includes group discussions, facilitated case studies, presentations and team-based exercises. It will also include case examples of situations in which the instructor has been personally involved. A variety of training methods to reach the participants will be applied in a diverse manner.  A number of methods will include brainstorming, lecturing, exercises, group discussion and sharing experiences.

Who should Attend?

This COPEX training course is designed for those with an interest in the internal audit and other control roles within corporate governance environment. It targets all sectors employees involved in the process of internal auditing and internal control departments.

This training course is suitable to a wide range of professionals but will greatly benefit:

  • Audit managers
  • Risk Managers
  • Compliance Officers
  • Operational risk managers
  • Internal Control Middle level management
  • Managers and Officers involved in the process of Governance Departments
  • CFO’s

Course Outline

Day One: Internal Audit in the Context of Corporate Governance
  • Corporate Governance; Definition, Concept, Rules, Principles
  • What are the obstacles and barriers to implement effective governance?
  • The Risk, Compliance & Internal Audit Triangle
  • Role of Audit Committee in checking audit notes (internal/external) among Board’s important committees’ roles and responsibilities
  • Using internal and external audit standards to audit Governance activities
  • Key components, practices and activities to audit processes and relations by which corporations are controlled and governed
Day Two: Fundamentals and Basics of Audit; Evolution of Auditing towards Risk-Based Auditing
  • Definition and objectives of internal audit with understanding of Internal Audit Methodology
  • Auditors Tools, Techniques, roles and responsibilities
  • Report results of the audit via Field Memorandum
  • The transition from system-based to risk-based internal auditing
  • Risk-Based Audit Approach and Risk-Based Audit Methodology
  • How and why audit units move into risk-based audit programs
Day Three: Preparing and Executing a Successful Risk-Based Audit Plan
  • Developing risk-based audit plan
  • Preparation of a clear plan to be approved by Audit Committee
  • Efficiency in the non-recurrence of Audit Notes
  • Identification and classification of audit risk
  • Writing Audit Report; how to impress reader and how to address challenges
  • How to structure effective audit report
Day Four: Relationship Between Internal Audit & Risk Management
  • Fundamental Concepts of Enterprise Risk Management
  • Identifying different types of Risk Taxonomies
  • Risk Control Self-Assessment (RCSA)
  • What is operational risk management framework?
  • Definition and objectives of internal controls; roles and responsibilities
  • Latest trend in Auditing: Auditing the Control Environment
Day Five: The Evolution of Compliance Towards Risk-Based Compliance
  • What is risk-based Compliance?
  • What are the roles and responsibilities of the Compliance Head?
  • International Standards for Anti-Money Laundering / Combatting Terrorism Financing (AML/CTF)
  • Money Laundering Threats and Methods
  • Terrorist Financing Threats and Methods
  • International Case Study: HSBC in USA and Mexico - Case Study on Money Laundering Threats and Methods

Certificates

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

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.

What is COPEX?

COPEX stands for “Competency Enhancement Programs” These courses are designed to develop and enhance the skills and knowledge of professionals across various sectors.

What are the benefits of attending COPEX training courses?

Enhanced Skills: Develop in-demand skills and knowledge in your chosen field.
Career Advancement: Improve your career prospects and increase your earning potential.
Increased Confidence: Gain confidence in your abilities and enhance your professional presence.
Networking Opportunities: Connect with other professionals and industry experts.
Improved Job Performance: Enhance your productivity, efficiency, and job satisfaction.
Personal Growth: Develop valuable personal and professional skills that can benefit you in all areas of life.

What makes COPEX training courses unique?

Experienced Instructors: Courses are delivered by highly qualified and experienced instructors with industry expertise.
Interactive Learning: Engaging and interactive learning methods, including workshops, simulations, case studies, and group discussions.
Practical Application: Focus on practical skills and real-world applications, enabling you to apply your learning immediately.
Flexible Learning Options: A variety of course formats available, including classroom training, online courses, and blended learning.
Certification & Recognition: Upon successful completion, you may receive industry-recognized certifications.

What is the cost of COPEX training courses?

The cost of COPEX training courses varies depending on the course duration, content, and delivery method.

How can I register?

There are several ways to register in our public training courses:
Online – Browse the Training Plan, select the course of choice, click on the button
“Register Now” inside the course outline page.
E-mail – Send the details (name, company name, email address and training course of
choice) of your nomination to [email protected]
Telephone – +971 4 368 6886 or +971 50 106 2750

When will I receive the confirmation for my registration/s?

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.

What is included in the training fee?

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.

What are the available payment methods?

The training course fee can be settled by either:

  • Bank transfer
  • Credit Card

How many hours per day, and what are the timings of your training courses?

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.

Where do you usually hold your training courses?

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.

Do you provide hotel booking assistance to your delegates?

Once officially registered, we can assist by providing the corporate rates provided by the hotel where the training course will be conducted. Early confirmation will enable us to secure the room at reduced rates

In case of failure to attend, what is your cancellation policy?

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.

What will I receive after the training course?

Delegates who will attend and successfully complete the training course will earn a COPEX Certificate of Completion. This certification is designed to validate the successful knowledge transfer, and that the desired learning objectives and outcomes to further advance your professional competency are achieved.

We can customize this
training course for you!

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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