Course Details

Strengthening Organizational Integrity: Internal Audit & Corporate Governance Training Course

INTRODUCTION

In today's complex regulatory landscape, internal audit plays a pivotal role in ensuring effective corporate governance and risk management. This Internal Audit & Corporate Governance Training Course equips participants with the knowledge and skills to conduct robust internal audits, assess governance frameworks, and contribute to organizational integrity. Participants will learn to align internal audit activities with strategic objectives, identify control weaknesses, and provide valuable insights to enhance governance practices. This program is designed to empower internal auditors to become strategic partners in driving organizational success.

This comprehensive program is tailored for internal auditors, compliance officers, risk managers, finance professionals, and anyone responsible for ensuring effective governance and control within their organization. Through interactive workshops, case studies, and practical exercises, attendees will develop the ability to conduct risk-based audits, assess governance effectiveness, and communicate audit findings to stakeholders. The course emphasizes the importance of aligning internal audit with organizational strategy and fostering a culture of continuous improvement.

DURATION

5 days

COURSE OBJECTIVES

Upon completion of this course, participants will be able to:

• Understand the relationship between internal audit and corporate governance.
• Conduct risk-based internal audits aligned with organizational objectives.
• Assess the effectiveness of governance frameworks and internal controls.
• Identify and evaluate control weaknesses and recommend improvements.
• Communicate audit findings and recommendations to stakeholders.
• Understand relevant auditing standards and regulatory requirements.
• Utilize data analytics and technology in internal audit activities.
• Enhance the value and impact of internal audit within the organization.

COURSE MODULES

• Foundations of Corporate Governance:
• Defining corporate governance and its principles.
• Exploring key governance frameworks and standards.
• Understanding the roles and responsibilities of the board and management.
• The importance of stakeholder engagement.
• The Role of Internal Audit in Corporate Governance:
• Understanding the mandate and responsibilities of internal audit.
• Aligning internal audit activities with organizational objectives.
• Promoting a culture of control and compliance.
• Understanding the importance of internal audit independence.
• Risk-Based Internal Auditing:
• Developing a risk-based audit plan.
• Conducting risk assessments and identifying key risks.
• Utilizing risk matrices and control frameworks.
• Understanding how to implement continuous auditing.
• Assessing Governance Frameworks and Internal Controls:
• Evaluating the effectiveness of governance structures and processes.
• Assessing the adequacy of internal control systems.
• Identifying and evaluating control weaknesses.
• Understanding how to implement COSO.
• Audit Planning and Execution:
• Developing audit objectives and scope.
• Conducting audit fieldwork and gathering evidence.
• Documenting audit findings and observations.
• Understanding how to use audit software.
• Communicating Audit Findings and Recommendations:
• Preparing clear and concise audit reports.
• Communicating audit findings to stakeholders.
• Developing and implementing action plans.
• Understanding how to track audit recommendations.
• Utilizing Data Analytics and Technology in Internal Audit:
• Leveraging data analytics tools for audit testing.
• Utilizing audit software and technology platforms.
• Implementing continuous monitoring techniques.
• Understanding how to use Artificial Intelligence in Internal Audit.
• Emerging Trends and Best Practices in Internal Audit and Governance:
• Exploring the impact of technology on internal audit and governance.
• Addressing ESG risks and opportunities.
• Navigating evolving regulatory landscapes.
• Understanding the future of internal audit.

CERTIFICATION

• Upon successful completion of this training, participants will be issued with Macskills Training and Development Institute Certificate

TRAINING VENUE

• Training will be held at Macskills Training Centre. We also tailor make the training upon request at different locations across the world.

AIRPORT PICK UP AND ACCOMMODATION

• Airport pick up and accommodation is arranged upon request

TERMS OF PAYMENT

• Payment should be made to Macskills Development Institute bank account before the start of the training and receipts sent to info@macskillsdevelopment.com