The Financial Internal Audit Fundamentals Programme offered by the Imperial Corporate Training Institute is intended to give individuals a structured and practical knowledge of how organisations conduct internal audits in today’s world. The course covers the basics of an internal audit and then builds upon that knowledge base to develop participants’ appreciation for financial processes, governance systems and the professional practices involved in auditing.
Through the duration of the Financial Internal Audit Fundamentals course, participants will develop a thorough understanding of the internal audit framework along with its associated standards, principles, methodologies and reporting practices. The financial auditing course combines the theoretical aspects of internal auditing with the practical aspects by teaching participants how to assess risk, analyze financial business processes, evaluate the effectiveness of a client’s internal controls, and participate in the improvement of an organisation’s business model. By completing this training program, participants will be able to use their newly acquired skill set to perform or provide support for internal audit functions based upon recognised professional best practices and standards of the profession.
Objectives
By completing the Financial Internal Audit Fundamentals Training Course, participants will be able to:
- Acquire a good understanding of the principles of financial internal auditing and how it relates to an organization’s financial processes.
- Know what is meant by purpose, scope, and value of an internal audit function in the organisation.
- Learn what constitutes the internal audit framework and the professional standards applicable.
- Understand what financial processes are, how they relate to an organisation, and how they are assessed when conducting an audit.
- Identify and examine the financial risk associated with operational control systems.
- Understand what is an internal control system and the role it plays in supporting the work of internal auditors.
- Learn standardised procedures for planning and executing an internal audit, along with the skills involved in preparing audit documentation and working papers.
- Understand how to develop recommendations from audit findings and reporting procedures.
- Be aware of the professional ethical obligations and responsibilities of an internal auditor.
Target Audience
This Financial Internal Audit Fundamentals Training Course is suitable for:
- Entry-level and junior internal auditors
- Finance and accounting professionals seeking audit knowledge
- Risk and compliance officers
- Internal control and governance staff
- Managers responsible for overseeing financial processes
- Professionals transitioning into internal audit roles
- Graduates seeking a foundation in financial audit practices
- Public sector and private sector employees involved in financial oversight