with fraud, in line with best practices. Course's peculiarities ... Practiceâ, âRisk. Managementâ ... I: New Appro
Internal Audit I: New Approach Who should attend Heads and specialists of the departments of internal audit, internal control, risk management Employees who work on the implementation, and development of the Internal Audit concept and function.
Objectives Duration 3 days / 24 academic hours / 24 CPD-units / 21 CPE credits Required level of preparation Prior to this training we recommend the participants first attend our trainings: Internal Control: “Fundamentals of Theory and Practice”, “Risk Management”
To provide participants with clear understanding and comprehension of internal audit To define professional competence and efficiency criteria of an internal auditor To analyze in details the stages of internal control, based on risks To exercise practical skills of work papers compilation To master the principles of holding a closing meeting To acquaint participants with the auditor’s assignments and report format To familiarize participants with the method of risk minimization, associated with fraud, in line with best practices.
Course’s peculiarities A detailed study of the internal audit stages, the efficient performance of which impacts the quality of corporate governance and business value.
Training methodology Training is conducted in an interactive form and includes a number of case studies. Training participants are provided with specially designed training materials in Russian.
Internal Audit I 2
Training outline Day 1
Day 3
Introduction to internal audit:
Post-audit
Objectives of internal audit
Audit completion
Role of internal audit in corporate governance
Monitoring the implementation of internal auditor’s recommendations
Audit Committee External and internal audit Evolution of internal audit Creation and management of the Internal Audit department: The Internal Audit department in the organizational structure The Charter of the Internal Audit department
Fraud: Key elements of fraud How does the fraud happen Revelation and prevention of frauds Case study: Internal audit of the business process “Procurement”.
Key competences of employees
Certificates
Performance assessment of internal auditors
Certificates of the EY Academy of Business.
Internal audit, based on risks:
Place and time
Internal audit, risk management and internal control: correlation
Open trainings are conducted at EY Academy of Business from 9:30 to 16:30.
Review of the internal control components Facilitation: discussion of the role of the internal auditor in ERM. (Enterprise Risk Management)
In-company training
Business processes - foundation for assessing ERM Case study: Documenting business-processes
Day 2 Stages of risk-based internal audit Case study: Planning the internal audit. Composition of internal auditor’s working program Implementation of audit procedures: field work
Preliminary analysis of clients’ training needs, identification of aims and goals Training adaptation industry Flexible approach to training location and schedules Report on the training results on request.
Recommended training scheme Internal Control: Fundamentals of Theory and Practice
Identification and assessment of controls associated with business processes
Risk Management
Control testing: inspection, interview, observation
Internal Audit I: New Approach
Test results evaluation: the effectiveness of controls Case study: Efficient communication during internal audit
Preparing for Audit: Best Practices Internal Audit II: Audit of Sales and Marketing Business Processes and HR Management Fundamentals of Corporate Governance
Test results forwarding Closing meeting: participants and results Auditor’s report: recommended format
How to apply? Please complete the registration form online at our web site: ey.com/cis/academy
