Developing, Improving and Monitoring the Internal Audit

This intensive DIXONTECH course provides participants with the knowledge and skills required to develop, improve, and monitor internal audit functions effectively. It emphasizes aligning internal audit practices with international standards, enhancing audit quality, and ensuring effective governance and risk oversight. Through interactive case studies and best practice frameworks, participants will gain tools to strengthen internal audit efficiency, monitor performance, and add measurable value to organizational governance.

TRAINING TOPICS

• Principles and Framework of Internal Auditing
• Developing and Strengthening the Internal Audit Function
• Internal Audit Planning and Risk-Based Approaches
• Quality Assurance and Performance Monitoring
• Audit Reporting and Follow-up Procedures
• Using Key Performance Indicators (KPIs) in Audit Monitoring
• Continuous Improvement in Audit Practices
• Governance, Risk, and Compliance Integration
• Internal Audit Technology and Data Analytics
• Case Studies and Global Best Practices

BY THE END OF THIS TRAINING COURSE, DELEGATES WILL BE ABLE TO:

• Develop and structure modern internal audit departments
• Implement risk-based audit methodologies
• Monitor and evaluate audit quality effectively
• Establish performance indicators for audit functions
• Apply technology and analytics in internal auditing
• Align audit strategies with governance objectives
• Strengthen audit recommendations and follow-up processes

TRAINING IS TAILORED TO:

• Internal auditors and audit managers
• Heads of audit and assurance
• Risk and compliance officers
• Financial controllers and accountants
• Corporate governance professionals
• Consultants and organizational development specialists

TRAINING METHODOLOGY

The course combines presentations, interactive workshops, group discussions, and audit simulations. Participants engage in practical exercises on audit planning, KPI design, and monitoring frameworks. Case studies from international organizations help translate theory into actionable skills, ensuring participants leave with effective audit improvement tools.

DAY 1

Foundations of Internal Audit and Governance

• Define internal audit roles and responsibilities
• Explore IIA Standards and professional frameworks
• Understand the relationship between audit, risk, and governance
• Identify key audit principles and ethical standards
• Assess the internal control environment
• Review the audit function’s contribution to organizational value

DAY 2

Developing and Structuring the Internal Audit Function

• Design the audit charter and reporting lines
• Establish organizational independence and authority
• Plan audit resources and competencies
• Develop audit manuals and operating procedures
• Structure the audit team for maximum efficiency
• Assess maturity levels of the internal audit function

DAY 3

Risk-Based Audit Planning and Execution

• Develop risk-based audit plans and programs
• Prioritize audits based on risk assessment results
• Apply audit tools and checklists effectively
• Evaluate controls and testing procedures
• Manage documentation and working papers
• Conduct effective audit fieldwork and data analysis

DAY 4

Audit Quality, Performance Monitoring, and Reporting

• Apply quality assurance and improvement programs (QAIP)
• Design audit KPIs and performance dashboards
• Measure audit performance and report results
• Develop internal audit scorecards
• Ensure compliance with audit standards and policies
• Present findings and recommendations effectively

DAY 5

Continuous Improvement and Future of Internal Auditing

• Implement audit improvement frameworks and benchmarking
• Integrate governance, risk, and compliance (GRC) systems
• Utilize technology and analytics in audit processes
• Promote innovation in internal audit operations
• Monitor and review audit effectiveness regularly
• Develop an internal audit strategic improvement plan