The Principles & Procedures of Internal Audit

Course Ref: BAN.1   Course Subject: Register for this course

Dates for this course

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The Internal Audit Course is designed to develop and improve the auditing function of any organisation so as to: -

  • establish and maintain high standards of auditing
  • meet the developing needs of users of financial information
  • ensure public confidence in the auditing process

To achieve these objectives, the course will: -

  • establish the principles and procedures with which auditors are required to comply in  carrying out audits
  • advance the participants’ understanding of the roles and responsibilities of auditors
  • study the procedures and rules of auditing laid down by the International Standards for Auditors
  • make the course participants familiar with the existing International Accounting Standards

The course will cover:

  • Framework of Internal Auditing
  • The Institute of Internal Audit Standards
  • Performance, Attribute and Implementation Standards
  • Recent changes in International Accounting Standards / Sarbanes-Oxley   
  • Enhancing Bank Transparency
  • The assessment and ranking of operational risk
  • The function of the internal audit in the reinforcement of internal controls
  • Engagement objectives
  • Quality assurance
  • Respective roles of internal audit risk management and management compliance functions
  • Engagement disclosure to management of non-compliance with audit-standards
  • Communication and dissemination of audit results
  • Financial fraud – methods and detection
  • Current problems in auditing and accounting standards
  • Foreign Exchange operations
  • Accounting records confirmation
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The course was rich in information capable of making tremendous changes in the way we go about our day to day activities both at home and in our offices.  I benefited a lot from the programme which could help me work well with my team and embrace reforms.

Operations Controller - Department of Petroleum Resources