Course Overview

Modern day internal audit is energetic and electrifying, adding real value to the organisation and operating at the highest levels. The reputation of many audit functions is soaring – it is increasingly recognised as a catalyst for change and a business partner. As a consequence of this, internal auditors have to have the full range of knowledge and skills to ensure that they can carry out their function at world class levels.

The success of any organisation, whether in the public or private sector, relies on strong financial management and suitably skilled accounting staff. This need, coupled with the current shortage of suitably skilled individuals at the accounting technician level, makes this area ripe with career opportunities.

Course Objectives

• Understand the internal audit process; 
• Understand the different tools and techniques to be used by the internal auditor during the internal auditing process; 
• Be able to specify different findings of the audit performed; 
• Understand and be able to apply statistical sampling techniques and other quantitative methods; 
• Be able to write an audit report, do follow-ups and communicate with other parties according to IIA standards; 
• Understand general and application controls in an information technology environment; 
• Perform an audit of computer programs and data files; and
• Understand audit relationships, be able to manage an audit function and quality assurance reviews.
• Understand three most common financial statements: the income statement, balance sheet, and statement of cash flows
• Master the technical skills needed to analyze financial statements and disclosures for use in financial analysis
• Learn how accounting standards and managerial incentives affect the financial reporting process