Internal Audit Skills Training Course - CPD Accredited

Our fantastic Internal Audit Skills Training Course is perfect for all those already working in this field or interested in auditing. Many students even take this Internal Audit Skills Training course just to learn more about auditing, a crucial skill for all business.

The Internal Audit Skills Training Course will develop your skills and knowledge of public sector internal auditors in order to carry out effective audits and make a greater contribution to the governance of organisations. The Internal Audit Skills Training course focuses on meeting the ever-changing needs of the auditor in delivering an added value and quality service and will teach you the different types of audit and the levels of auditing available. You will then learn about internal audits, audit checklists, conducting audits, corrective action and its importance and conducting audit closing meetings.

Finally, you will look at managing an internal audit project and understand concepts related to internal control, risk, governance and technology.

To make this Internal Audit Skills Training more accessible for you, we have designed it for both part-time and full-time students. This Internal Audit Skills Training course is packed into the bite-size module for your convenience, meaning you can study at your own pace or become accredited in no time!

And if you ever require support, our experienced tutors are there to help answer any queries through email.

Learning Objectives

The primary learning objectives of the Internal Audit Skills Training Course are to:

• Help you objectively review an organisation's business processes.
• Train you how to successfully evaluate the efficacy of risk management procedures that are currently in place.
• Teach you how to ensure that an organisation is complying with relevant laws.
• Help you develop the core competencies you need as a capable internal auditor.
• Introduce the crucial steps for conducting an internal audit successfully.
• Illustrate how to protect against deception and fraud of an organisation's assets.
• Help you analyse data and offer a more strategic input when it comes to the internal audit function.
• Demonstrate how to create a systematic, disciplined approach to evaluate and enhance the effectiveness of risk management, control, and overall governance processes.
• Help you focus on the critical areas of professional development that set internal audits on a journey up the value chain.
• Provide expert training to help you earn your Internal Audit Skills Training certification that leads you to find higher-paid work and better employment opportunities with commercial and public sector organisations.

What will you learn in this Internal Audit Skills Training Course:

Module 1: How to Get the Most from This Internal Audit Skills Training Course

• Module Contents at a Glance
• The Course at a Glance
• Overview of the Five Tiers Audit Competency Model
• Tier 1: Audit Methodology
• Tier 2: Documenting Audit Results at Each Step in the Methodology
• Tier 3: Project Management
• Tier 4: Managing Audit Team Members
• Tier 5: Managing Constituent Relations
• Some Definitions before We Start
• Change Management
• How to Effect Personal Change
• The Value of Focusing on Behaviour
• Three Categories of Change
• How Individuals React to Change
• Specific Ways to Increase Acceptance of Change
• Why Change Is Never Easy
• Why Targeting the Right Behavioral Change Is So Important
• Why Change Is Even More Difficult in Audit Departments
• Keys to Achieving Sustained Change
• Module Summary - Internal Auditing

Module 2: Techniques for Planning Useful Audits

• Module Contents at a Glance
• Definition and Benefits of the Critical Linkage™
• Applying the Critical Linkage™
• An Example of the Critical Linkage™ in Action
• Audit Planning Techniques
• How to Understand the Entity under Review
• Where to Get Information about the Process under Review
• Other Tips for Efficiency during the Planning Phase
• Data-Collection Interviewing: The Funnel Approach
• Putting It All Together to Set the Scope and Objectives
• Managing Your Time Effectively while Planning
• Estimating Time Requirements
• Actions to Take for Better Estimates
• Module Wrap-Up
• Module Summary

Module 3: Techniques for Detailed Risk and Control Assessment

• Module Contents at a Glance
• Just What Is Inherent Risk?
• Using the Risk Mental Model
• Common Risk Categories
• Two Categories to Exclude When Identifying Inherent Risk
• Exercise 3.1: Which of the Following Describe Risk Events?
• Exercise 3.2: Determining Root Cause
• Tips for Analyzing the Inherent Risks
• Understanding the Nature of the Risk
• Risk’s Effect: Assessing a Risk’s Consequences
• Prioritizing Risks: Defining the Terms
• Ten Key Questions to Ask to Assess Risk
• Tips for Documenting the Risks
• Control Assessment
• Understanding Controls
• Managing Risks Using Controls
• Monitoring and Control Activities
• Criteria for Assessing the Adequacy of Control Design
• Types of Controls
• Tips for Writing about Controls in Narratives
• Module Wrap-Up
• Module Summary

Module 4: Testing and Sampling Techniques

• Module Contents at a Glance
• Testing Techniques
• Types of Testing
• A Step-by-Step Approach to Developing Control Tests for
• Operating Effectiveness
• Audit Sampling Techniques
• Module Wrap-Up

Module 5: Documentation and Issue Development: The Building Blocks for Effective Audit Reports

• Module Contents at a Glance
• General, Four-Step Writing Process
• General Criteria for Written Communication
• Documenting the Audit: Getting Started
• Mind-Mapping Approach
• “Stream of Consciousness” or “Don’t Edit while Writing” Approach
• Chronological Approach
• Attention Grabbing Approach
• Rational Approach
• Devil’s Advocate Approach
• Tips for Effective Summary Writing
• Issue Development
• Guidelines for Identifying Issues
• Effective Audit Documentation Techniques
• Questions to Ask Yourself When Documenting Findings
• Your Role in Preparing Audit Reports
• Four Secrets to Accelerated Report Issuance
• Module Wrap-Up
• Module Summary

Module 6: Core Competencies You Need as an Auditor

• Module Contents at a Glance
• Executive Presence in Audit
• Critical Thinking: What Is It?
• Ways to Increase Critical Thinking Ability
• General Guidelines for Managing Your Time
• Tips for Managing up the Ladder
• General Ways to Organize the Message You Want to Communicate
• Planning Effective Meetings
• Building Your Facilitation Skills
• Reporting on an Audit’s Status
• Module Wrap-Up
• Module Summary

Module 7: Techniques for Managing the Audit Team

• Module Contents at a Glance
• Delivering Feedback
• Tips for Preparing to Deliver TACTful Feedback
• Tips for Managing a Multi generational Workforce
• Leaders and Managers
• Building and Motivating Teams
• Practical Ways to Build Your Team now (or Once You Get One)
• Tips for Getting Teams to Perform
• How to Delegate
• Tips for Motivating Others without Money
• How to Create Organizational Change
• Module Summary

Module 8: Techniques for Managing the Constituent Relationship

• Techniques for Achieving a Positive First Impression
• Tips for Making Small Talk
• Influencing Techniques
• Strategies for Increased Influencing Ability
• Dealing with Different Behavioral Styles
• Diagnosing Others’ Styles
• Delivering Technical Information to Nontechnical People
• Five Tips for Making the Abstract Concrete
• Techniques for Delivering Bad News
• Tips to Soften the Blow
• Techniques for Overcoming Objections
• Fundamental Rules for Handling Objections
• Exercise 8.1: Overcoming Constituent Objections to Issues
• Tips for Managing the Constituent Relationship Efficiently
• Module Wrap-Up
• Module Summary

Module 9: Auditing

Module 10: Internal Audit

Module 11: The Audit

Module 12: Audit Checklist

Module 13: Conducting an Audit

Module 14: Noncompliance and Corrective Action

Module 15: Audit Closing

Method of Assessment:

Upon completion of the course, you will be required to sit for an online multiple-choice quiz based assessment, which will determine whether you have passed the course (60% pass mark). The test will be marked immediately and results will be published instantly.

Certification

After successfully completing the course, you will be able to obtain the certificates. You can claim a PDF certificate by paying a little processing fee of £2. There is an additional fee to obtain a hardcopy certificate which is £9.

Internal Audit Skills Training Course is suitable for anyone who wants to gain extensive knowledge, potential experience and professional skills in the related field.

Our Internal Audit Skills Training Course is open to all from all academic backgrounds and there are no specific requirements to attend this Internal Audit Skills Training course. Internal Audit Skills Training course is compatible and accessible from any device including Windows, Mac, Android, iOS, Tablets etc.

This Internal Audit Skills Training course opens a new door for you to enter the relevant job market and also gives you the opportunity to acquire extensive knowledge along with required skills to become successful. You will be able to add our qualification to your CV/resume which will help you to stand out in the competitive job industry.