Internal Audit
Quality Assurance

In today's global landscape, organizations are increasingly grappling with new challenges arising from shifts in environmental, operational, legislative, and financial realms. This heightened complexity has underscored the critical role of internal audit in promoting good governance, effective management, and ensuring the quality of its own operations. Internal audit functions as a vital mechanism for meeting business requirements and enhancing credibility with stakeholders. Internal auditors must uphold adherence to the International Standards for the Professional Practice of Internal Auditing, assessing both the compliance of activities and their efficacy in delivering assurance and consulting services to the organization’s board of directors, senior executives, and other stakeholders.

This training course is meticulously crafted to equip participants with the skills to evaluate the efficiency and effectiveness of internal audit activities. It focuses on implementing a Quality Assurance and Improvement Program that aligns with the International Standards for the Professional Practice of Internal Auditing, identifying opportunities for enhancement and ensuring robust compliance.

This online training course will feature:

• The international Standards that make up the International Professional Practices Framework
• The building of an effective Quality Assurance and Improvement Program
• The best practices guidance in the consultancy role of internal audit
• The external assessment requirement that an internal audit activity must have conducted
• Knowledge and Skills Development to ensure tangible benefits for your organization

This online training course covers the internal audit quality assurance and provides auditors with an understanding of the necessary knowledge and skills to enhance internal audit function.

By the end of this online training course, participants will be able to:

• Provide an overview regarding standards which require quality assurance focus
• Identify how to establish a Quality Assurance and Improvement Program
• Enhance use of ‘Conformance with International Standards for the Professional Practice of Internal Auditing’
• Provide guidance on using the Manual programs to conduct a self-assessment with independent external validation
• Determine the efficiency of your internal audit function
• Identify and practice facilitation skills and issues in your own environment

This online training course is suitable to a wide range of professionals but will greatly benefit:

• Auditors / Auditing Managers
• Accounting Executives / Managers
• Financial Reporting Managers
• Financial Executives / Managers / Controllers
• Budgeting Officers / Executives / Managers
• Business / Investment Analysts & Managers
• Regulatory Compliance Officers

This online training course will utilize a variety of proven adult learning techniques to ensure maximum understanding, comprehension and retention of the information presented. The training methodology includes case studies, group discussion, group work and interactive exercises and videos, pre & post course assessments will also be given to enhance learning outcomes for participants and to measure the effectiveness of this training. The instructor will also facilitate learning by encouraging the delegates to test and critically appraise any theories and concepts on the training course.

• Concept of Internal Audit
• Types of internal audit function
• The Principles of Conduct of the Code of Ethics
• The International Standards for the Professional Practice of Internal Auditing (Standards)
• Meaning of Quality and performance
• Measuring performance

• The framework for quality assurance
• Requirements of the Quality Assurance and Improvement Program
• Evaluation of the conformance with relevant policies, procedures, and standards
• The application of the Code of Ethics
• Assess the efficiency and effectiveness of the internal audit activity
• Identifies opportunities for improvement

• Ongoing monitoring of performance of the internal audit activity and staff.
• Periodic self-assessment and review
• Assess internal audit activity’s charter
• Evaluate the applicable legislative and regulatory requirements
• Establish benchmark of the internal audit activities
• Establish metrics to indicate improvement in organization

• Importance of external assessment
• Form of external assessment
• Frequency of external assessment
• Internal audit and audit committee function
• Assessment of conflict of interest
• Following up the results & recommendation of external assessments

• The effectiveness of using the resources
• The best successful practices
• The organization’s risk management
• Reporting on the Quality Assurance and Improvement Program
• Disclosure of non-conformance
• Compliance with the regulatory requirements
• Case studies in each day activity

An Anderson e-Certificate will be provided to delegates who attend and complete the online training course