Program Brief

This program provides participants with the best practices and tools for Risk Based Audit planning aligned with the organization's strategic objectives. Participants will be exposed to international best practices for internal control systems assessment. In addition, this program will enable participants to prepare internal audit reports according to related international standards to improve the effectiveness of the control operations.

Program Goals

At the end of the training program, the participant should be able to:

  • Identify the risks that business organizations are exposed to in its internal and external environment so as to determine the risks and their degree of severity
  • Acquire the skills of internal control systems assessment to determine the strengths and weaknesses and recommend the best procedures.
  • The ability to prepare a Risk Based Audit plan in order to identify audit priorities based on risk degree
  • Preparing risk-based audit reports according to international standards
Program Agenda
Module 1: Introduction in Internal Audit
  • 1 The historical development of internal audit

    • 2 The modern concept of internal audit

      • 3 Objectives and types of internal audit

        • 4 The differences between internal and external audit

          • 5 The internal audit implementing stages

            Module 2: Risk Management
            • 1 Risk concept

              • 2 Types of risks

                • 3 The internal environment risks

                  • 4 External environment risks

                    • 5 Methods used to deal with risks

                      Module 3: Internal Control Systems Assessment
                      • 1 Internal Control concept according to IIA

                        • 2 Internal Control concept according to COSO

                          • 3 Internal Control System objectives

                            • 4 Internal Control System components

                              • Workshops

                                • Questioner

                                • 5 Practical case study

                                  Module 4: Preparation of RBIAP
                                  • 1 RBIA concept

                                    • 2 RBIAP objectives

                                      • 3 RBIAP stages

                                        • 4 Preparation of audit program.

                                          • 5 Practical case study

                                            Module 5: RBIA Reports
                                            • 1 The report concepts

                                              • 2 The difference between report and certificate

                                                • 3 The difference between Internal and External Auditor report

                                                  • 4 Report preparation stages

                                                    • 5 The report standards

                                                      • 6 The main components of report

                                                        • 7 The characteristics of report quality

                                                          • 8 The report presentation

                                                            • 9 Issuing report

                                                              • 10 Report amendment

                                                                • 11 Following up

                                                                  • 12 Practical cases

                                                                    Program Requirements
                                                                    • Knowledge of accounting and auditing basics

                                                                    .

                                                                    Program Path

                                                                    Names of the training programs that are integrated (enriched) with the training program:

                                                                    • Not Available

                                                                    Names of the training programs that after the training program:

                                                                    • Not Available
                                                                    Program Method
                                                                    • Lecture
                                                                    • Case Studies
                                                                    • Practical Implementation
                                                                    • Dialogue Teams
                                                                    Evaluation Method
                                                                    • Pre Exam
                                                                    • Post Exam
                                                                    • Discussion Panel
                                                                    Training Type
                                                                    • In Class Training
                                                                    • Online Training
                                                                    Partners

                                                                    Not Available

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