Internal Audit Add Value

Why this Training Course?

In today's rapidly evolving business landscape, the role of Internal Audit is more crucial than ever. It must evolve to offer a higher level of assurance and step away from its traditional focus. This Adding Value in Internal Audit training course is designed to empower your Internal Audit function to transition into a contemporary, proactive, and forward-thinking business partner.

Our training course will guide your function to embrace a value-driven philosophy, promoting positive change and enhancing organisational operations.

Course Highlights

• Reorienting the audit process towards value-added services.

• Auditing third-party activities, including outsourced services and joint ventures.

• Building a world-class audit team.

• Embracing continuous auditing principles.

• Auditing Corporate Social Responsibility.

Educational Objectives

Upon successful completion of this course, participants will have the skills and knowledge to:

• Benchmark their Internal Audit function against global best practices.

• Elevate their function from good to exceptional.

• Deliver quantifiable added value.

• Tackle consultancy challenges with confidence.

• Audit Corporate Governance with competence.

• Provide stakeholder assurance more effectively.

• Foster more constructive engagement with senior management.

Who Should Attend?

This training course targets senior assurance professionals, addressing key challenges encountered by modern internal audit functions, with a focus on adding substantial value to the business. It offers a unique opportunity to connect with peers across sectors and develop innovative approaches to the complex challenges facing Internal Audit today.

Who Should Attend?

• Heads of Audit

• Audit Managers and those on the cusp of promotion to this level

• Audit Supervisors

• Managers responsible for other assurance functions such as Compliance or Quality Assurance

• Senior Management

Training Approach

Our engaging training course employs various proven adult learning techniques, ensuring thorough understanding, comprehension, and retention of the material. These techniques include hands-on exercises and real-world case studies to facilitate the practical application of tools and techniques. The course encompasses a wide range of essential topics and shares tips and proven methods to challenge the status quo, optimise services, and exceed senior management's expectations.

Course Outline

Day One: Internal Audit Best Practices

• Positioning IA as a Catalyst for Positive Change

• Navigating the Challenges Posed by New IIA Standards

• Understanding the Transformative Role of Internal Audit

• Recognising the Significance of Audit Risk

• Cultivating a World-Class Audit Team

• Effectively Marketing IA Activities

Day Two: The Value for Money (VFM) Approach

• Decoding Value for Money (VFM)

• Harnessing the Power of VFM Auditing

• The 3 E's (Efficiency, Economy, and Effectiveness)

• Techniques for VFM Auditing

• Performance Measurement

Day Three: Adding Value by Focusing Audit Activities

• Prioritising Activities with Value-Added Potential

• Auditing Third-Party Activities

• Conducting Outsourcing Reviews

• Managing Value-Added Audit Processes

• Embracing Continuous Auditing

• Assurance Mapping

Day Four: Corporate Governance – The Value-Added Approach

• Key Aspects of Corporate Governance (CG)

• Auditing Critical Aspects of Corporate Governance

• Cultivating Proactive Audit Committee Relationships

• Auditing Corporate Social Responsibility and Ethics

• Exceeding Stakeholder Expectations

• Auditing Emerging Areas like Social Media

Day Five: Auditing Complex Value-Added Topics

• Securing Information Systems

• Auditing Developmental Systems

• Evaluating Websites and External Communications

• Overseeing IT Projects

• Business Continuity Management

• Safeguarding Brand and Reputation Management

Language(s): English

Duration: One Week

Certificate of Completion: Upon successful completion of the course, participants will receive a Certificate of Completion from Al-Majd Pathways Centre (APC).