Accounting & Finance Courses

Internal Auditing Training Program


Description
Objectives

Through this online course, learners will acquire knowledge and skills in internal auditing.
However, auditing like any other acquired skill requires practice. The best place to practice and extend your experience is during actual audits.

The course explores the role of the Internal Auditor, the audit process and the relationship of the internal auditor with management, the audit committee and external audit. The course is very informative with a high emphasis on the theoretical and practical aspects of auditing. This course is a necessary building block for internal auditors before engaging in more advanced programs.

At the end of the course, participants should:

have a better understanding of audit principles and procedures
gain a greater appreciation of the role of the Internal Auditor
be able to carry out audits in a more efficient and effective manner
Content
  • Section 1: Internal Auditing Overview
  • 1.1 Internal Auditing Definition _ Standards
  • 1.2 Types of Internal Audits
  • 1.3 IIA Code of Ethics: Principles & Rules of Conduct
  • 1.4 IIA International Professional Practices Framework (IPPF)
  • 1.5 Internal Audit Activity: Purpose, Authority & Responsibility
  • 1.6 Fostering Organizational Independence During an Internal Audit
  • 1.7 Audit Objectivity: Definition & Impairments
  • Section 2: What is an Internal Auditor?
  • 2.1 What is an Internal Auditor?
  • 2.2 Professional & Legal Responsibilities of Auditors
  • 2.3 Internal & External Auditors: Key Skills & Characteristics
  • 2.4 Internal Auditing & Professional Development
  • Section 3: Internal Auditing Controls & Risk Management
  • 3.1 Risk/Control Frameworks in Auditing: Application & Examples
  • 3.2 Internal Audit Controls: Types & Objectives
  • 3.3 What is COSO Internal Control Framework - Objectives _ Components
  • 3.4 CoCo Internal Control Framework Definition _ Key Concepts
  • Section 4: Planning the Audit Process & Gathering Data
  • 4.1 Stages of the Auditing Process
  • 4.2 Working Papers in the Audit Process: Definition & Development
  • 4.3 Audit Evidence: Types & Analysis
  • 4.4 What is Audit Sampling?
  • 4.5 Random Sampling vs. Quota Sampling
  • 4.6 Qualitative _ Quantitative Variables in Statistics
  • Section 5: Data Analysis & Reporting Tools for Auditors
  • 5.1 Data Mining: Algorithms & Examples
  • 5.2 Data Mining in Excel
  • 5.3 Internal Auditing Software & Procedures
  • 5.4 Analytical Review Processes in Audit Fieldwork
  • 5.5 Variance & Trend Analysis: Tools & Techniques
  • 5.6 Statistical Analysis Methods _ Techniques
  • 5.7 What is Benchmarking - Definition_ Types_ Process _ Examples
  • Section 6: Strategic Role of the Internal Auditor
  • 6.1 The Role of the Leader During Organizational Change
  • 6.2 Change Agent Definition _ Role
  • 6.3 Internal Audit Manager: Roles & Responsibilities
  • 6.4 Difference Between Internal and External Audits
  • 6.5 Key Performance Indicators in Program Management
  • Section 7: Operational Role of the Internal Auditor
  • 7.1 Effective Budgeting Advantages _ Essentials
  • 7.2 Major Factors Influencing the Budgeting Process
  • 7.3 Human Resource Management Definition_ Objectives _ Responsibilities
  • 7.4 The Hiring Process
  • 7.5 Interviewing Candidates for Internal Auditing Positions
  • 7.6 Risk Management Assessment & Reporting in Internal Auditing
  • 7.7 Senior Auditor: Roles & Responsibilities
  • Section 8: Establishing an Internal Audit Plan
  • 8.1 Identifying Internal Audit Engagement Opportunities
  • 8.2 Annual Internal Audit Plans: Definition, Process & Engagements
  • 8.3 What are Assurance Services in Auditing
  • 8.4 Performance Audit: Definition & Measurement
  • 8.5 Operational Audits: Efficiency & Effectiveness
  • 8.6 Financial Audit Definition_ Procedure _ Requirements
  • 8.7 What is a Compliance Audit - Definition _ Example
  • Section 9: Individual Auditing Engagements
  • 9.1 Employee Performance Appraisal Methods_ Process _ Examples
  • 9.2 Conducting Internal Audit Engagement Exit Conferences
  • Section 10: Fraud Risk Assessment and Management for Auditors
  • 10.1 Fraud: Definition & Types
  • 10.2 Financial Statement Fraud Schemes, Trends & Red Flags
  • 10.3 Fraud Investigation Response: Process & Structure
  • Section 11: Corporate Governance & Business Ethics
  • 11.1 What is Corporate Governance? - Definition & Key Players
  • 11.2 The Importance of Ethics Policies ...
  • 11.3 Business Ethics Corporate Social Responsibility
  • 11.4 The Levels of Corporate Social Responsibility
  • 11. 5 Benefits of Effective Environmental Management in Businesses
  • Section 12: Organizational Structure & Business Processes
  • 12.1 Authority in Centralized _ Decentralized Organizations
  • 12.2 Risks & Control Implications of Different Organizational Structures
  • 12.3 What is the International Organization for Standardization (ISO)?
  • 12.4 Business Cycles: Types & Characteristics
  • 12.5 Factors Affecting Business Cycles
  • 12.6 The Business Cycle Economic Performance Over Time
  • 12.7 The Theory of Constraints Business Applications
  • 12.8 Inventory Management Techniques
  • 12.9 What is an Electronic Funds Transfer
  • 12.10 Electronic Data Interchange and the Transfer of Transactional Information
  • 12.11 e-commerce _ m-commerce Buying _ Selling on the Web _ Mobile Devices
  • 12.12 What is Outsourcing - Definition _ Benefits
  • Section 13: Modern Organizational Communication
  • 13.1 What is the Communication Process - Definition _ Steps
  • 13.2 Organizational Communication
  • 13.3 Computer-Mediated Communication Definition_ Types _ Advantages
  • 13.4 Comparing Face-to-Face _ Computer-Mediated Communication
  • 13.5 Building Collaborative Relationships Between Organizations & Stakeholders
  • Section 14: Strategic Management, Competitor Analysis & Decision Making
  • 14.1 The Strategic Management Process
  • 14.2 Goals of Competitor Analysis Strategies _ Actions
  • 14.3 Porter_s Competitor Analysis Framework
  • 14.4 Using Analytical Techniques for Strategic Management
  • 14.5 What Is a Competitive Environment in Business
  • 14.6 Competitive Strategies in Fragmented, Emerging & Declining Industries
  • 14.7 Competition in the Global Business Environment
  • 14.8 The Decision Analysis Approach to Decision Making in Business
  • 14.9 Decision-Making Processes in Organizations
  • 14.10 What is Forecasting in Business
  • 14.11 What is Six Sigma? - Definition & Overview
  • 14.12 Five Principles of Total Quality Management _TQM_
  • Section 15: Organizational Structure, Behavior & Performance
  • 15.1 What is Organizational Behavior
  • 15.2 Organizational Structure Definition and Influence on OB
  • 15.3 Employee Motivation Programs Incentives and Reward Systems
  • 15.4 Empowerment and Job Design
  • 15.5 Group Behavior in Social Psychology Definition _ Influences
  • 15.6 Stages of Group Development Forming
  • 15.7 Legitimate and Illegitimate Political Behavior in Organizations
  • 15.8 Becoming a Cohesive Group Using Team Building to Increase Group Cohesion
  • 15.9 Characteristics of Effective Teams Examples and Qualities
  • 15.10 Assessing Team Performance _ Outcomes
  • Section 16: Leadership & Management Styles
  • 16.1 Management vs. Leadership The Difference Between a Manager _ Leader
  • 16.2 Leadership Philosophies Types _ Examples
  • 16.3 Risk & Control Implications for Different Leadership Styles
  • 16.4 Conflict Resolution Managing Conflict in Organizations
  • 16.5 Negotiation Strategies in the Workplace
  • 16.6 The Leader_s Role in Recognizing _ Managing Team Conflict
  • 16.7 What is Project Management
  • 16.8 What Is Strategic Change Management
  • Section 17: Information Technology Security & Development
  • 17.1 What Are Information Systems - Definition _ Types
  • 17.2 Systems Security Firewalls_ Encryption_ Passwords _ Biometrics
  • 17.3 What is Internet Security - Privacy_ Protection _ Essentials
  • 17.4 What Is End User Computing
  • 17.5 Change Control Board: Process & Best Practices
  • 17.6 Systems Development Methods and Tools
  • 17.7 Application Development Processes Internal _ External
  • Section 18: IT System Infrastructure
  • 18.1 Information Technology Control Frameworks Overview
  • 18.2 What are Data Center Operations?
  • 18.3 Enterprise Resource Planning Using ERP to Integrate Business Processes
  • 18.4 What is a Server
  • 18.5 Types of Networks
  • 18.6 What is a Mainframe System
  • 18.7 Enterprise_ Workgroup _ Personal Operating Systems
  • 18.8 Software Licensing Proprietary and Free and Open-Source Licenses
  • 18.9 World Wide Web How the Web Works
  • 18.10 Contingency Plans in Information Technology
  • Section 19: Concepts in Financial Accounting
  • 19.1 What Is Accounting - Purpose_ Importance _ Relationship to Business
  • 19.2 The Fundamental Principles of Accounting
  • 19.3 Basic Accounting Terms _ Phrases
  • 19.4 Intermediate Financial Accounting Concepts & Terminology
  • 19.5 Advanced Financial Accounting Concepts & Terminology
  • 19.6 Financial Statement Analysis
  • 19.7 Debt Capital Vs Equity Capital
  • 19.8 Derivative Instruments: Accounting & Financial Reporting
  • 19.9 Control of Cash Definition _ Methods
  • 19.10 Business Valuation Calculating the Value of a Company
  • 19.11 Inventory Valuation Methods
  • 19.12 What Is Capital Budgeting - Techniques_ Analysis _ Examples
  • 19.13 Flat vs. Value-Added Tax: Definition & Examples
  • 19.14 Tax Shelters & Passive Activity Loss: Definition & Rules
  • Section 20: Concepts in Managerial Accounting
  • 20.1 Managerial Accounting Functions
  • 20.2 Activity-Based Costing Definition_ Formula _ Examples
  • 20.3 Managerial Decision Making Absorption vs. Variable Costing
  • 20.4 Relevant _ Irrelevant Costs for Decision-Making
  • 20.5 Cost-Volume-Profit Analysis Definition _ Examples
  • 20.6 Market-Based Transfer Pricing Definition _ Computation
  • 20.7 Responsibility Accounting Benefits _ Limitations
  • Section 21: Global Business Environment Basics
  • 21.1 Local_ National _ Global Business Definitions _ Examples
  • 21.2 The Global Marketplace Definition _ Overview
  • 21.3 What Is Global Marketing - Strategies_ Definition _ Issues
  • 21.4 Global Mindset in Business Definition _ Concept
  • 21.5 Globalization and Organizational Structure
  • 21.6 Global Workforce Planning _ Development
  • 21.7 Benefits of Diversity Training in Globalized Business
  • 21.8 Managing Cultural Diversity in the Workplace
  • 21.9 Managing in International Companies
  • 21.10 Forces that Affect Trade in Global Markets
  • 21.11 International Trade Regulations _ Restrictions
  • 21.12 Trade Restrictions and Foreign Labor
  • 21.13 International Trade Organizations and Trade Agreements
Completion rules
  • All units must be completed
  • Leads to a certification with a duration: Forever