Internal Audit Engagement from Planning to Reporting
This comprehensive and practical three-day learning initiative aims to enable public internal auditors to learn about the fundamentals of planning engagements in line with internationally accepted internal auditing standards and bring them up to speed with the systematic approach to performing an internal audit engagement.
What you will learn
The course will provide an overview of the internal and external factors that require internal auditors to perform internal audit engagements more effectively and efficiently. The key to an effective audit can be well captured in a saying by Benjamin Franklin: “By failing to prepare, you are preparing to fail.“ As with any project, taking sufficient time to plan the internal audit engagement is essential and it by all means should not be underestimated as it increases the chances that the engagement will be completed in line with the agreed quality standards, in agreed time frame and within the available resources.
Apart from engagement planning, the course sessions will also devote time to look into identifying and prioritizing the risks relevant to the engagement, determining the objectives and scope of the area or process under review, as well as considering the reporting requirements along with the follow up quality assurance review. The purpose of follow up is to ensure that management has implemented the action, and that it has addressed the issue. As due to several factors (e.g. competing priorities, budget limitations etc.) preventing managers from implementing the agreed actions proposed by the findings of the audit engagement we will during the event also seek to identify a list of top tips internal auditors may apply when compiling meaningful recommendations for the organization’s managers.
How you will benefit
The course will use a case study approach, guiding participants step by step through the phases of internal audit engagement and covering all phases of internal auditing process. This will allow in-depth, multi-faceted explorations of complex issues while assisting them in learning how to apply discussed subject matters.
By the end of the learning initiative participants are expected to have:
- developed a better understanding of what the systematic approach of planning and conducting internal audit engagement entails
- learnt how to identify and assess key risks of the audit area
- strengthened the ability to apply the tools and techniques for conducting an internal audit engagement
- improved knowledge of what methodologies internal auditors can use to compile meaningful recommendations for the organization’s managers
Who should attend
This learning initiative is designed for junior-level internal auditors who are new to performing internal audit engagements and are working at the ministries of finance across SEE. The event will also be helpful for more experienced internal auditors who would appreciate a reminder of the many factors that they need to keep in mind when planning and conducting internal audit engagements.
As the course will be highly interactive and participants will be encouraged to share their views and professional experiences, participants should have a good command of English to be able to fully engage in event’s activities.
It should also be noted that the workshop will be delivered in ENGLISH only and there will be no translation provided.
The learning initiative will be delivered under the guidance of:
- Erik Raven, Ministry of Finance of the Netherlands
- Bert Boerrigter, Ministry of Finance of the Netherlands
This learning initiative is supported by: