UAE, Dubai
Dates flexible
Course Type
Professional Training Course
Yes (Details)
Course Fee

Course Overview

Learning Objectives:

Define internal auditing and internal control. Identify high-risk processes and build control systems that mitigate the risk. Develop control-based internal auditing recommendations that effectively help management meet tactical and strategic objectives. Focus on the Investment in Internal Audit. Document and Evaluate Internal Control Systems. Audit Evidence and Audit Sampling.

Who should take this course

Accountants. Internal Auditors controllers and financial managers. New staff accountants and individuals responsible for safeguarding company assets.



Course content

Internal Auditing. Define Internal Auditing. Identify the Components of an Effective Internal Audit Function. Define Management Responsibilities of an Internal Audit Function. Discuss the Similarities and Differences Between Internal Auditing and External Auditing. Define the Various Types of Internal Audits. The Road Map to Effective Internal Audits. Discuss the Principles of Effective Audits. Define Alpha and Beta Audit Risk. Perform Compliance Substantive and Operational Tests. Calculate Audit Risk. Define the Relationship Between the Internal and Control Environment and Audit Testing. Focusing the Investment in Internal Audit Relate the Concept of Internal Audit Strategies to the Audit Planning Process. Develop a Long-Term Audit Plan for the Internal Audit Department Using Internal Control-Based Risk Assessment. Design the Audit Plan and Prepare an Audit Planning Memorandum for an Individual Internal Audit Project Assignment. Documenting and Evaluating Internal Control Systems Understand the Work Process. Document the Work Process. Develop Process Flow Diagrams and Process Maps. Complete the Audit Internal Controls Documentation Matrix. Finalize the Audit Objectives. Audit Evidence and Audit Sampling Discuss the Basic Concepts of Audit Evidence and Their Impact on the Development of Audit Work papers. Document Analytical Reviews. Test and Gather Audit Evidence. Complete and Document Compliance and Substantive Tests. Select the Appropriate Testing Method. Discuss Statistical Sampling Techniques. Determine the Objectives of the Sampling Plan. Develop the Sampling Plan. Apply Attribute Sampling Techniques. Extrapolate the Sample Results. Ensure That Audit Work papers Support Audit Conclusions and Recommendations. Planning and Conducting Successful Audit Interviews Plan Interviews. Discuss a Framework for Planning Conducting and Evaluating the Results of Interviews. Manage Conflict with Management. Listen Effectively. Talk effectively in a Non-Threatening Environment. Understand the Nature of Confidentiality of Information.

About Course Provider

London Training for Excellence offer a wide range of training courses in London for organisations and individuals who wish to advance their skills and knowledge in the business world. With a great training centre in London, London TFE have everything that is needed to understand the basic needs of a business. Each course focuses on the ‘real-life’ issues a business could face and how to tackle them with ease.

London TFE have a team of enthusiastic leaders and instructors who share a passion for education and want to deliver that same passion to every individual who wish to take a business to succession. Each training courses London encourages individual to aim high and reach their full potential.