Finance and Accounting

Training Course: Effective Internal Auditing


Register Now
Quick Inquiry
Discount Group Download Brochure (37)

FI2048

2 - 6 Jun 2025

Barcelona (Spain)

Hotel : Grupotel Gran Via 678

Cost : 5250 € Euro

Introduction

With businesses under closer scrutiny, it’s more important than ever that your company’s internal auditing meets standards requirements. This seminar will help you ensure that your company’s internal auditing systems fully comply with these standards. More than that, however, this seminar goes beyond the boundaries of accounting to provide real insight into the managerial, political, and technical dynamics of internal auditing.

Course Objectives of Effective Internal Auditing

By the end of this program, participants will be able to:

  • 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 truly 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

Course Outline of Effective Internal Auditing

Day 1: Internal Auditing and the International Business Environment

  • 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

Day 2: 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

Day 3: 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

Day 4: 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

Day 5: Planning and Conducting Successful Audit Interviews

  • Plan Interviews
  • Discuss a Framework for Planning, Conducting and Evaluating the Results of Interviews
  • Overcome Resistance
  • Manage Conflict with Management
  • Listen Effectively
  • Talk Effectively in a Non-Threatening Environment
  • Get to "Yes"
  • Understand the Nature of Confidentiality of Information

Finance and Accounting

Training Course: Effective Internal Auditing


Register Now
Quick Inquiry
Discount Group Download Brochure (37)

FI2048

2 - 6 Jun 2025

Barcelona (Spain) - Grupotel Gran Via 678

Hotel : Grupotel Gran Via 678

Cost: 5250 € Euro


  About Barcelona

Barcelona, the main city of Catalonia on Spain's east coast, is known for its fantastic weather and proud local culture. It is also Spain's second largest city and has all the cosmopolitan trappings you would expect. Among Barcelona's many attractions are the delicious seafood, stunning architecture and vibrant atmosphere. It began life as a Roman city and has remained important ever since. Today, it is a buzzing city offering more than enough reasons to look for flights to Barcelona. Between UNESCO World Heritage Sites, famous sports teams plus great food, there's no shortage of ways to amuse oneself.


  Things to do and places to visit in Barcelona

Barcelona really does have something for everyone. The attractions of Barcelona include beautiful beaches to relax on, almost endless historical locations to explore, all the shops you could ever wish for, one of the world's most admired football clubs and world-class eateries - you may never want to leave. Luckily, with so much to do the city's compactness makes it easy to explore. Simply wandering through the streets is a great way to soak up the atmosphere.

Just some of the great things to do in Barcelona include:

  • Marvel at Gaudi's masterwork, the Sagrada Familia.
  • Sample the wide range of tapas in Barcelona's bars.
  • See the somewhat surreal architecture of Antoni Gaudi.
  • Wander through Park Guell, which offers great views over the city and out to sea.
  • See the Cubist master’s early work in the Picasso Museum.
  • Get lost in the winding streets of the Gothic Quarter, known locally as the Barri Gotic.
  • Browse the upmarket shops along the Passeig de Gracia.
  • Soak up the tranquil atmosphere in the Cathedral of the Sea.
  • Watch the silky skills of FC Barcelona in a game at the Camp Nou.
  • Enjoy authentic paella with fresh seafood.
  • Climb Montjuic for spectacular views.
 22 Portman Square, Marylebone, London W1H 7BG, UK
 3 Oudai street, Aldouki, Giza, Giza Governorate, Egypt
 0020233379764
 00201095004484
 00201102960555
 00201102960666
 19 Mayıs Mahallesi, 19 Mayis Street No 2 Sisli, 34360 Istanbul/Turkey
 00905357839460
 Australia Street, Raouche Beirut, Lebanon .، Beirut, Lebanon
 0096181746278
 811 Massachusetts Avenue, Boston, Massachusetts, 02118, USA
 6 Beirut Street - Fifth Circle Abdoun, P.O. Box 831370, 11183 Amman, Jordan
Copyright Global Horizon Training Center © 2019