Internal Audit Basics Training
Course Code: IT
Course Objective
- Identify the steps needed to prepare, perform, report and follow
- up, and closure
- Identify types of audit evidence needed to verify conformance to requirements
- Use checklists and other working papers
- Conduct a desk audit
- Collect audit evidence
- Determine when a practice or situation represents a nonconformance or finding
- Determine methods to analyze and classify nonconformities or findings
- Write nonconformity statements
- Report results of the audit
- Follow-up and verify actions taken
Course Outline
Welcome to Auditing
- Auditing Terminology
- Types of Audits
Getting the Assignment
- Internal Audit Job Steps
- The 5 W’s
- Conflict of Interest
Audit purpose, scope, and other inputs
- Information Needed
- What and Where
Preparing for the Audit
- Audit Team Members
- Planning
- Communication
Identifying Requirements and Planning
- Audit Criteria
- Checklists
- Sampling Plans
Desk Audit and Audit Strategies
- Complete Desk Audit
- Construct Flowchart
- Compare Element and Department Methods
Beginning the Audit
- Opening Meeting
- Audit Schedules
- Working Papers
Data, Collecting Evidence
- Data Collection Plan
- Verify
- Validate
Applying Process Techniques
- Contrast Open-End and Closed-End Requirements
- PDCA Techniques
- Process Auditing Techniques
Analyze the Results
- Evaluate Observations
- Write Draft Audit Report
Reporting the Results
- Conduct an Exit Meeting
- Compare Auditor/Auditee Responsibilities
- Write the Final Audit Report
Follow Up and Closure
- Contrast Elements of Remedial, Corrective, and Preventive Actions
- Bring About an Effective Closure
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