Internal Audit: From Planning to Execution

Program Overview

An effective audit function needs a disciplined path from the annual plan to the final report. «Internal Audit: From Planning to Execution» walks through that path step by step: building a risk-based audit universe and annual plan, scoping individual engagements, preliminary surveys, risk and control matrices, designing an audit programme, executing tests with appropriate sampling and data analytics, documenting working papers, supervising and reviewing fieldwork, and reporting results and following up actions in line with the IIA Global Internal Audit Standards.

Learning Outcomes

• ✓Develop an audit universe and a risk-based annual audit plan with resource estimates.
• ✓Define engagement objectives, scope and criteria based on a preliminary survey.
• ✓Design an audit programme linked to a risk and control matrix.
• ✓Execute control and substantive tests using sampling and data analytics and document results in working papers.
• ✓Review working papers to confirm that evidence supports conclusions.
• ✓Prepare an engagement report and a follow-up plan for agreed management actions.

Target Audience

• Internal auditors and senior auditors
• Audit team leaders and engagement managers
• Chief audit executives planning annual coverage
• Compliance and inspection specialists

Detailed Program Modules

Training Methodology

Applied Project & Assessment