Introduction:

This course aims to introduce participants to advanced skills in auditing and reviewing financial accounts within the framework of internal audit standards. The course focuses on understanding the risks associated with audit processes and how to develop a plan to address these risks. It provides the necessary knowledge to enhance the world of audit and develop internal audit plans based on risk analysis.

Objectives of the Course:

Define the scope and functions of internal auditing in the company.

Distinguish between types of internal audit tasks related to operations, compliance, quality, safety, or financial aspects.

Develop a plan for auditing accounts based on risks.

Apply risk identification, control, and testing techniques.

Identify the best sampling methods in internal audit tasks.

Choose suitable testing tools used in internal auditing and outline the advantages and disadvantages of each.

Efficiently apply risk-based internal audit in government entities.

Understand the practical applications of internal control arrangements in both the public and private sectors.

Training Methodology:

The course employs interactive training techniques such as presentations, case studies, and clarification of model methodologies. Additionally, it includes group exercises to apply the knowledge acquired during the course.

Target Audience:

This course is designed for internal auditors and audit managers seeking to enhance their skills and increase their value to the organization by developing effective plans for auditing accounts based on risks.

Program Content:

Modern Methodologies for Internal Auditing:

Audit objectives.

Audit procedures.

Audit standards:

- General standards.

- Fieldwork standards.

- Reporting standards.

Evolution of the concept of internal auditing.

Factors enhancing the role of internal auditing.

Modern concept of internal auditing.

Key components of the modern concept of internal auditing.

Review:

Definitions of risks.

Definitions of risk management.