Internal Audit: A Guide For Management

Internal Audit, Risk Management, Compliance, Governance, Internal Controls, CIA, Audit Report, Audit Charter, IIA

What you'll learn
What is Internal Auditing: understanding the principles and vocabulary
The goals and scope of Internal Auditing
The role and position of Internal Auditing within the Governance, Risk Management and Control structure
The fundamental differences between external and internal auditing
What are the professional standards that govern Internal Auditing
How to ensure independence and objectivity of the Internal Audit function
The sourcing and funding models of an Internal Audit function
How to set up an effective Internal Audit function
What is the Internal Audit Charter
Internal Audit processes and methodology
Hot to interpret Internal Audit reports
What are the benefits and value added of Internal Auditing
The outlook and future developments of Internal Auditing
Requirements
No specific requirements but understanding the principles of governance, risk management and finance will be beneficial.
Description
This course has been designed for professionals in various real-life situations, who are not necessarily specialists in internal auditing, but who need and wish to obtain a concise and structured understanding of internal auditing.First, it is made for members of the board of directors and management of organizations at various levels. For example, you are a member of the board of directors or an audit committee of an organization and you are responsible for the oversight of the internal audit function. Or your company wishes to outsource an internal auditing function and you need to understand the criteria to properly procure the service. Or, you are preparing for a promotion or for a temporary assignment with the internal auditing function.The second target audience is professionals changing careers who are considering a career in internal auditing.It will also benefit those preparing for the Certified Internal Auditor exams. If you are preparing for the CIA exams, especially at the end of your preparation, you wish to go through additional materials which might look at the topic from a different angle, or from a more practical perspective.In this course, you will learn about:The definition and scope of internal auditing;The professional standards that govern internal auditing;How does internal audit outsourcing and co-sourcing work;What are the main elements of the internal audit process and methodology;How to structure and/or understand internal audit engagement reports;The evolving role and future outlook of internal auditing.I invite you to watch the promo video of the course for more information!

Overview

Section 1: INTRODUCTION

Lecture 1 Introductory Lecture

Lecture 2 Preliminary Quiz - Intro

Section 2: WHAT IS INTERNAL AUDIT: THE GOALS, SCOPE AND POSITIONING

Lecture 3 The Definition and Scope of Internal Auditing

Lecture 4 Professional Standards that Govern Internal Auditing

Section 3: THE INTERNAL AUDIT SETUP AND METHODOLOGY

Lecture 5 The Internal Audit Sourcing Considerations

Lecture 6 The Internal Audit Process and Methodology

Lecture 7 Understanding Internal Audit Engagement Reports

Section 4: THE FUTURE OUTLOOK AND CONCLUSIONS

Lecture 8 The Evolving Role and Future Outlook of Internal Auditing

Lecture 9 A Few Concluding Words

Section 5: BONUS LECTURE - ANTI-MONEY LAUNDERING RISKS POSED BY CRYPTOCURRENCIES

Lecture 10 **BONUS LECTURE!** AML Risks Posed by Cryptocurrencies

Section 6: FINAL TEST

Management of organizations at various levels who need to ensure compliance with Internal Auditing requirements,Professionals changing career who are considering a career in Internal Auditing,Those preparing for the Certified Internal Auditor exams