Leading and Managing the Internal Audit Function Training Course

Course Overview

Learning Objectives

• Define the strategic role and mandate of the internal audit function within organizational governance.
• Align internal audit strategy and plans with organizational objectives and risk priorities.
• Apply risk-based approaches to audit planning and engagement prioritization.
• Establish appropriate governance arrangements, reporting lines, and safeguards for independence.
• Manage audit resources, budgets, workloads, and professional capabilities.
• Standardize audit methodologies, supervision, documentation, and review procedures.
• Monitor audit engagement progress, quality, and compliance with professional standards.
• Strengthen communication with senior management, the board, and relevant stakeholders.
• Evaluate internal audit performance through meaningful indicators and quality assessments.
• Develop continuous improvement initiatives that enhance the value and effectiveness of internal audit.

Who Should Attend

Learning Outcomes

• Develop an internal audit strategy aligned with organizational priorities and risk exposure.
• Establish a risk-based audit plan and prioritize engagements according to significance.
• Define the internal audit function's mandate, authority, responsibilities, and reporting arrangements.
• Allocate resources and manage audit portfolios to achieve planned coverage.
• Apply consistent audit methodologies and quality review practices.
• Monitor engagement delivery, findings resolution, and implementation of agreed actions.
• Evaluate auditor competency requirements and develop professional capabilities.
• Design performance indicators and quality assurance mechanisms for the audit function.
• Communicate significant risks and audit insights clearly to senior management and the board.
• Establish a continuous improvement framework that strengthens audit effectiveness and organizational value.

Course Outline