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Seminars

Basics of Internal Audit

Introduction:

This course provides the candidates with a thorough review of relevant traditional audit tools and techniques as well as an in-depth introduction to operational auditing concepts. With this background in place, the course examines the elements of modern internal auditing such as flexibility, risk assessment, priority setting throughout the audit, and business solutions to auditing results.

Course Objectives:

By the end of this course delegates will be able to:

Have a well-grounded foundation in the concepts of traditional and operational auditing
Gain proven tools and techniques for performing value-added audits
Use case studies to learn critical audit tasks
Learn about assessing risks, flowcharting and solving business problems
Focus on writing audit findings and selling your recommendations

Who Should Attend?

Financial, operational and IS auditors with less than two years of audit experience; quality assurance personnel; data security specialists

Course Outline:

The Role of Internal Auditing

· Internal auditing defined

· The goals and objectives of internal auditing

· What it takes to be a successful internal auditor

· Adapting to a changing environment

· Operational, financial and compliance auditing

· Definitions and uses, similarities and differences

· Leading-edge trends

· Ethical responsibilities of the internal auditor

Internal Auditing Standards

· Purpose of the standards

· General standards

· Specific standards

· Statements on internal auditing standards

Modern Internal Auditing

· Growth from operational and compliance auditing

· The modern internal auditing process

· Assessing how the system is functioning

· Determining that risks and exposures are as minimal as perceived

· Evaluating test data for future impact

Analyzing Internal Controls

· A look at COSO

· Elements of a system of internal control

· Control techniques

· Analysing the control environment

Risk Assessment

· Planning memo

· Defining risk and risk assessment

· Risk assessment standards

· Identifying risks

· Risk assessment strategies, methodologies, factors, and trends

· Using key risk indicators

Planning and Preliminary Fieldwork

· Planning memo

· Objectives of the opening conference

· Conducting the preliminary survey

· Strategies and techniques for conducting the interview

· 25 resources to use when planning your audits

· Developing an audit strategy

Documenting Internal Controls

· Cost/benefit considerations

· Documenting and analysing internal control procedures

· Case studies

Audit Programs

· Characteristics and criteria

· Developing test objectives

· Revisions and changes during fieldwork

· Case study

Fieldwork Techniques and Applications

· Sampling methodologies

· Workpaper techniques

· Effective time management

· Elements of audit evidence

· Quality assurance

· Maintaining the communications link during the audit

Effective Communications Strategies

· Developing effective audit findings

· Selling internal audit recommendations

· Fundamentals of audit report writing

· Successful report formats

· Preparing for closing conferences

· Following up corrective actions

· Strategies for improving communications

· Case study

Information Systems Auditing

· What senior management and the board of directors expect

· Using technology to increase efficiency

· Integrating traditional is audits into modern internal audits

· Understanding data flows

· The impact of technology shifts on primary audit areas

COURSE LOCATIONS

Code	From	To	City	Fee
AP03	06 Jan 2020	17 Jan 2020	Kuala Lumpur	US$ 7500	Book
AP03	01 Mar 2020	12 Mar 2020	Cairo	US$ 6500	Book
AP03	03 May 2020	14 May 2020	Dubai	US$ 7000	Book
AP03	06 Jul 2020	17 Jul 2020	Istanbul	US$ 7500	Book
AP03	06 Sep 2020	17 Sep 2020	Alexandria	US$ 6500	Book
AP03	09 Nov 2020	20 Nov 2020	London	US$ 8000	Book

DUBAI OFFICE

Ittihad Deira Building,
Al Ittihad Rd, Deira
Dubai,
UAE
info@petrogas-training.com

USA OFFICE

642 E14 Street,
10009-13 Manhattan,
New York (NY)
USA
info@petrogas-training.com

EGYPT OFFICE

52 General Kamal Hejab Street,
Suez Bridge,
Cairo,
Egypt
info@petrogas-training.com

COURSE CERTIFICATE

Certificate of Completion will be provided to the candidate(s) who successfully attend and complete the course. Training hours attendance percentage of 75% is required.

TRAINING HOURS

Standard course hours: 8:30 A.M. to 3:30 P.M. Informal discussions: 4:30 P.M. to 5:30 P.M.

TRAINING METHODOLOGY

We use a blend of interactive and hands-on methods, active participation, a variety of instructional techniques, dynamic presentations, individual and group exercises, in depth discussion, DVD’s, role-plays, case studies, examples. All of the information, competencies, knowledge and skills acquired within our training programs, are 100% transferrable to the participants’ workplace.

ASSESSMENT & EVALUATION

Pre-Test and Post-Test Assessment are applied on 5-day and 10-day programs. Also, post course evaluation and candidate’s evaluation are applied to add another level of quality measurement. Candidates’ feedback is highly appreciated to elevate the training service quality.

ORGANIZATIONAL IMPACT

A- Have staff trained in the latest training and development approaches

B- Support nationalization and talent management initiatives

C- Have properly trained and informed people who will be able to add value

D- Gain relevant technical knowledge, skills and competencies

PERSONAL IMPACT

A- Develop job related skills

B- Develop personal skills in subject matter

C- Have a record of your growth and learning results

D- Bring proof of your progress back to your organization

F- Become competent, effective and productive

G- Be more able to make sound decisions

H- Be more effective in day to day work by mastering job-related processes

I- Create and develop competency to perform job well

FREQUENT NOMINATIONS SCHEME

A- 10% discount after 05 candidates’ registration.

B- 15% discount after 10 candidates’ registration.

C- 20% discount after 20 candidates’ registration.

D- 25% discount after 25 candidates’ registration.

E- 30% discount after 30 candidates’ registration

F- Higher discount rates will be offered based on work volume with different clients.

SEVERAL NOMINATIONS ON THE SAME COURSE SCHEME

A- One extra free seat is offered on 4 candidates on the same course and dates.

B- Two extra free seats are offered on 6 candidates on the same course and dates.

C- Three extra free seats are offered on 8 candidates on the same course and dates.

D- Four extra free seats are offered on 10 candidates on the same course and dates.

E- Five extra free seats are offered on 12 candidates on the same course and dates.

REGISTRATION POLICY

Nominations to our public courses are to be processed by the client’s Training and/or HR departments. A refund will be issued back to the client in the event of course cancellation or seat unavailability. A confirmation will be issued to the relevant department official(s).

CANCELLATION POLICY

If a confirmed registration is cancelled less than 5 working days prior to the course start date, a substitute participant may be nominated to attend the same course or a 20% cancellation charge is applied. In case of a no-show, a 100% fee will be charged.

PAYMENT POLICY

Payment is due upon receiving the course confirmation, invoice and/or proforma invoice. However; the fee due can be wire transferred to our bank account directly after course completion. Our bank details are illustrated on the confirmation, invoice and proforma invoice, as well. The above documents can be communicated electronically, i.e., in a soft copy or/and in hard copy based on customer’s request.

COPYRIGHT

© 2017. Material published by PETROGAS shown here is copyrighted. © 2017. All rights reserved. Any unauthorized copying, distribution, use, dissemination, downloading, storing in any medium, transmission, reproduction or reliance in whole or any part of this course outline is prohibited and will constitute an infringement of copyright.