Module 1: Foundations of Internal Auditing

·       Definition and scope of internal auditing

·       The Institute of Internal Auditors (IIA) and its standards

·       Types of internal audits (financial, operational, compliance, IT)

·       The internal audit charter and its importance

·       The role of internal audit in organizational governance

·       Practical session: Reviewing and discussing a sample internal audit charter.

Module 2: Risk Assessment and Management

·       Understanding risk and its components

·       Risk assessment methodologies (qualitative and quantitative)

·       Identifying and evaluating key organizational risks

·       Developing risk maps and risk registers

·       The role of internal audit in risk management

·       Practical session: Conducting a basic risk assessment for a business process.

Module 3: Internal Control Frameworks (COSO)

·       The COSO Internal Control—Integrated Framework

·       The five components of internal control: control environment, risk assessment, control activities, information and communication, monitoring activities

·       Applying the COSO framework in audit engagements

·       Evaluating the design and effectiveness of internal controls

·       Other internal control frameworks (e.g., COBIT)

·       Practical session: Evaluating the design of a control activity using the COSO framework.

Module 4: Audit Planning and Execution

·       Developing the annual audit plan

·       Planning individual audit engagements (objectives, scope, resources)

·       Developing audit programs and procedures

·       Gathering audit evidence: techniques and considerations

·       Working papers and documentation standards

·       Practical session: Developing an audit program for a specific audit area.

Module 5: Audit Evidence and Documentation

·       Types of audit evidence (physical, documentary, testimonial, analytical)

·       Characteristics of reliable audit evidence

·       Techniques for gathering audit evidence (observation, inspection, inquiry, confirmation, recalculation, reperformance, analytical procedures)

·       Documentation standards for working papers

·       Organizing and retaining audit documentation

·       Practical session: Simulating an audit interview to gather audit evidence.

Module 6: Reporting Audit Findings and Recommendations

·       Elements of an effective audit report

·       Writing clear, concise, and objective audit findings

·       Developing practical and value-added recommendations

·       Communicating audit results to management

·       Addressing management responses

·       Practical session: Preparing a draft audit finding and recommendation.

Module 7: Follow-Up and Monitoring

·       The importance of follow-up on audit recommendations

·       Management's responsibility for implementing recommendations

·       Internal audit's role in monitoring implementation

·       Escalation procedures for unresolved issues

·       Reporting the status of audit recommendations

·       Practical session: Developing a follow-up plan for audit recommendations.

Module 8: Fraud Detection and Prevention

·       Understanding the fraud triangle (opportunity, rationalization, pressure)

·       Types of fraud relevant to organizations

·       Internal controls for fraud prevention and detection

·       The role of internal audit in fraud investigations

·       Reporting suspected fraud

·       Practical session: Identifying potential fraud risks in a business process.

Module 9: IT Auditing Basics

·       Introduction to IT auditing concepts

·       Risks and controls in IT environments

·       Auditing IT governance and management

·       Auditing IT infrastructure and operations

·       Auditing application systems and data security

·       Practical session: Identifying key IT risks and controls in a case study.

Module 10: Internal Audit and Corporate Governance

·       The concept of corporate governance

·       The role of the board of directors and audit committee

·       Internal audit's relationship with the board and management

·       Contributing to the organization's governance framework

·       Ethical considerations for internal auditors

·       Practical session: Discussing the role of internal audit in a corporate governance scenario.

Requirements:

·       Participants should be reasonably proficient in English.

·       Applicants must live up to Armstrong Global Institute admission criteria.

Terms and Conditions

1. Discounts: Organizations sponsoring Four Participants will have the 5th attend Free

2. What is catered for by the Course Fees: Fees cater for all requirements for the training – Learning materials, Lunches, Teas, Snacks and Certification. All participants will additionally cater for their travel and accommodation expenses, visa application, insurance, and other personal expenses.

3. Certificate Awarded: Participants are awarded Certificates of Participation at the end of the training.

4. The program content shown here is for guidance purposes only. Our continuous course improvement process may lead to changes in topics and course structure.

5. Approval of Course: Our Programs are NITA Approved. Participating organizations can therefore claim reimbursement on fees paid in accordance with NITA Rules.

Booking for Training

Simply send an email to the Training Officer on training@armstrongglobalinstitute.com and we will send you a registration form. We advise you to book early to avoid missing a seat to this training.

Or call us on +254720272325 / +254725012095 / +254724452588

Payment Options

We provide 3 payment options, choose one for your convenience, and kindly make payments at least 5 days before the Training start date to reserve your seat:

1. Groups of 5 People and Above – Cheque Payments to: Armstrong Global Training & Development Center Limited should be paid in advance, 5 days to the training.

2. Invoice: We can send a bill directly to you or your company.

3. Deposit directly into Bank Account (Account details provided upon request)

Cancellation Policy

1. Payment for all courses includes a registration fee, which is non-refundable, and equals 15% of the total sum of the course fee.

2. Participants may cancel attendance 14 days or more prior to the training commencement date.

3. No refunds will be made 14 days or less before the training commencement date. However, participants who are unable to attend may opt to attend a similar training course at a later date or send a substitute participant provided the participation criteria have been met.

Tailor Made Courses

This training course can also be customized for your institution upon request for a minimum of 5 participants. You can have it conducted at our Training Centre or at a convenient location. For further inquiries, please contact us on Tel: +254720272325 / +254725012095 / +254724452588 or Email training@armstrongglobalinstitute.com

Accommodation and Airport Transfer

Accommodation and Airport Transfer is arranged upon request and at extra cost. For reservations contact the Training Officer on Email: training@armstrongglobalinstitute.com or on Tel: +254720272325 / +254725012095 / +254724452588