Internal Audit Fundamentals Part 3 - Risk, Value for Money and Operational AuditingQuorum Training - A Wilmington Company
Internal Audit Fundamentals Part 3: Risk, Value for Money and Operational Auditing Course
This final part of the course looks at the remaining areas of the internal audit remit, in particular risk, operational auditing and consulting activities. Skilled and focussed work in these areas often enables internal auditors to maximise the impact that they bring to their organisations.
First of all the course addresses the key area of risk management, raising delegates' awareness of what is meant by the term “risk”, how organisations seek to manage their risk today and the role of internal auditors in the risk management framework. Delegates will learn how internal auditors can prioritise their work most efficiently by taking a risk-based approach. The course then explores the area of operational auditing and looks at two demanding internal audit challenges: value-for-money auditing and auditing the supply chain. It concludes with a session on the consulting component of internal audit work. The course is highly inter-active throughout, combining practical tips and advice with quizzes and audit scenario exercises.
Suitability - Who should attend?
The course is primarily aimed at people starting out as internal auditors. Equally, the course will also benefit experienced auditors requiring either an insight into audit theory and effective audit methodologies or else a refresher and update. The course is applicable to all business sectors.
Outcome / Qualification etc.
CPD 6 hours
Training Course Content
- Risk management essentials – what is risk, how is it measured and techniques to manage it
- Operational risk and the modern risk management toolkit – how organisations set up an effective risk management process
- Risk-based auditing in action – overview, planning, process
- Operational auditing – an overview
- Practical application - auditing the supply chain
- Value for money auditing
- How the internal auditor should operate as a valued consultant
Contact Quorum Training for pricing details for running this course in-house. The price will include pre-course discussions with the trainer, supporting course materials and delivery of a practical, interactive course that meets your training needs.
Quorum Training - Business and Finance Courses for Professionals
Quorum Training provides a range of specialist courses designed specifically for business and finance professionals. Covering Accounting and Finance, Taxation, VAT, Governance, Risk and Compliance, Financial Markets and Corporate Treasury, and Charities. Quorum deliver bespoke in-house and public training programmes....
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