Fundamentals of
Internal Auditing

This Fundamentals of Internal Auditing training course is meticulously designed to ensure comprehensive understanding and integration of the main International Professional Practices Framework, tools, and processes of the Internal Audit function. It aims to educate and coach participants on the essential components of internal auditing from all perspectives and practical applications.

Over the course of 5 days, participants will gain updated insights into not only internal auditing but also risk management, corporate governance, and related activities across various industries.

The training will cover topics such as Corporate Governance, Enterprise Risk Management, the Risk-based Auditing Approach, and the function of Risk-based Compliance. This holistic approach aims to foster a thorough understanding of the entire process and equip participants with the skills to enhance cooperation among governance functions, improve corporate governance processes, and promote organizational harmony.

This Anderson 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

By the end of this Anderson 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

This Anderson 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