Developing, Improving & Monitoring the Internal Audit Function 961636 Why Choose this Training Course?Delegates attending this finance & accounting training course will have the desire to set up or improve their own organization’s internal audit function. The development, monitoring and continued improvement of a highly-integrated, internal audit function is essential for the continued financial success, stability and growth of world-class organization.A well designed and effective internal audit system will provide verification and support that accounting and financial policies, procedures and controls are working adequate. An appropriate system of internal controls will be required for the organization to protect itself from the risk of fraud and an effective internal audit function will suggest suitable internal controls, monitor effectiveness of these controls along with other tasks that will lead to greater profitability and lower risk for the organization.This Oxford training course will feature:The issuance of Audit ReportsThe different types of audit and the benefits to be obtained from eachDeveloping an Internal Audit DepartmentEfficient Planning, Controlling and Recording of an audit assignmentEffective communication skills for AuditorsWhat are the Goals?By the end of this Oxford training course, participants will be able to:Understand the role and function of an Internal Audit DepartmentDevelop an Audit Committee Charter for a Board of DirectorsEvaluate the effectiveness of in-place internal controls and security policiesUnderstand audit risk and efficiently plan, control and record an audit assignmentConduct post-audit reviews and compile internal control updates for Boards of DirectorsWho is this Training Course for?This Oxford training course is suitable to a wide range of professionals but will greatly benefit:Accounting and financial professionals and senior management that are presently or may interface with the daily functioning of an internal audit departmentFinancial and non-financial professionals who may be appointed to support or interface with an Internal Audit Committee or that might review internal audit findings for Boards of Directors or investor/shareholder reports for other informational purposesNon-financial professionals that may need to coordinate other activities with an internal audit department and/or share findings, reports or informationHow will this Training Course be Presented?This Oxford training course will utilise a variety of proven adult learning techniques to ensure maximum understanding, comprehension and retention of the information presented. This training course is interactive and challenges one to think. The tutor will guide and facilitate learning, using direct input, discussions, case studies, exercises and video.
