Managing An Internal Audit Function

What you need to know to manage an internal audit function

What you'll learn

Learn how to manage the operations of an internal audit function and what policies and procedures to put in place.

Be able to strategically assess risks for internal audit planning purposes and create risk-based audit plans.

Know how to communicate internal audit performance to Senior Management and the Board, for example by establishing KPIs on the internal audit function.

The Nature of Internal Audit Work Know about the areas of internal audit work: governance, risk management and controls.

Know the core principles, internal audit frameworks and standards to follow.

Be able to establish the reporting structures, measures for independence and functional and administrative reporting structures to establish independence.

Ensure your internal audit function follows ethical principles.

Know the different ways in which an internal audit function can be staffed.

Know what to put in place for the Quality Assurance and Improvement Program.

Requirements

No prior experience or knowledge is required.

Description

We are glad to bring you a course to learn how to Manage and Internal Audit Function.This course is ideal for current and prospective Internal Audit Seniors, Managers, Directors and Chief Audit Executives - anyone who is currently managing an internal audit function or who one day wants to.The course will give you the knowledge and tools necessary to manage an internal audit function, from how to perform the strategic and operational management of an internal audit function, to how to plan based on risks, communicate performance, follow standards and ethical principles, establish organizational independence, staff the function and ensure quality.It is taught by Adrian Resag, an experienced and qualified Chief Audit Executive and Chartered Internal Auditor, who has decades of experience managing global internal audit functions.The course covers:Internal Audit Operational ManagementLearn how to manage the operations of an internal audit function and what policies and procedures to put in place.Risk-based Internal Audit PlanningBe able to strategically assess risks for internal audit planning purposes and create risk-based audit plans.Communicating Internal Audit PerformanceKnow how to communicate internal audit performance to Senior Management and the Board, for example by establishing KPIs on the internal audit function.The Nature of Internal Audit WorkKnow about the areas of internal audit work: governance, risk management and controls.Core Principles, Framework and Standards to FollowKnow the core principles, internal audit frameworks and standards to follow.Establishing Organizational IndependenceBe able to establish the reporting structures, measures for independence and functional and administrative reporting structures to establish organizational independence.Ethical PrinciplesEnsure your internal audit function follows ethical principles.Internal Audit StaffingKnow the different ways in which an internal audit function can be staffed.Quality Assurance and ImprovementKnow what to put in place for the Quality Assurance and Improvement Program.

Overview

Section 1: Internal Audit Operational Management

Lecture 1 Strategic and Operational Management of Internal Audit

Lecture 2 Internal Audit Policies and Procedures

Lecture 3 Internal Audit Charter

Lecture 4 The Annual and Strategic Internal Audit Plans

Lecture 5 Main Internal Audit Documents

Lecture 6 Reporting to Senior Management and the Board

Lecture 7 Managing the Internal Audit Activity

Lecture 8 Internal Audit Control Processes

Section 2: Risk-based Internal Audit Planning

Lecture 9 Risk-based Internal Audit Planning

Lecture 10 The Internal Audit Plan

Lecture 11 Audit Approach Based on Risk Management Maturity

Lecture 12 Assurance Maps

Section 3: Communicating Internal Audit Performance

Lecture 13 Communicating and Reporting to Senior Management and the Board

Lecture 14 Internal Audit KPIs

Lecture 15 Establishing Internal Audit KPIs

Section 4: The Nature of Internal Audit Work

Lecture 16 What Internal Audit Does - Controls

Lecture 17 What Internal Audit Does - Risk Management

Lecture 18 What Internal Audit Does - Governance

Section 5: Core Principles, Framework and Standards to Follow

Lecture 19 Core Principles

Lecture 20 International Professional Practices Framework

Lecture 21 The Standards

Section 6: Establishing Organizational Independence

Lecture 22 Organizational Independence - Definition

Lecture 23 Organizational Independence - Reporting Structure

Lecture 24 Organizational Independence - Measures for Independence

Lecture 25 Organizational Independence - Interference

Lecture 26 Organizational Independence - Functional Reporting

Lecture 27 Organizational Independence - Administrative Reporting

Lecture 28 Organizational Independence - Reflections on Reporting Structures

Lecture 29 Internal Audit Charter

Section 7: Ethical Principles to Ensure are Followed

Lecture 30 Code of Ethics - Integrity

Lecture 31 Code of Ethics - Objectivity

Lecture 32 Code of Ethics - Confidentiality

Lecture 33 Code of Ethics - Competency

Lecture 34 Due Professional Care

Lecture 35 Due Professional Care - Coverage of Risks

Lecture 36 Proficiency

Section 8: Internal Audit Staffing

Lecture 37 Internal Audit Staffing

Section 9: Quality Assurance and Improvement

Lecture 38 Quality Assurance and Improvement Program

This course is ideal for current and prospective Internal Audit Seniors, Managers, Directors and Chief Audit Executives.