Fundamentals of Internal Auditing

Course Description

Print-friendly Course Description and Outline

If you are new to internal auditing and looking for a solid foundation as you enter the profession, this course is the perfect first step for you to become proficient in your new role. Think of it as your roadmap to understanding the fundamental concepts and knowledge you need to succeed in the world of internal audit.

During this course, you will learn about the professional standards, frameworks, and competencies you need to become competent in the profession, as well as the various career paths available to you as an internal auditor.

This eLearning course will also provide you with an essential understanding of the importance and value of internal audit within your organization.

Fundamentals – Pathways to Success

Fundamentals of Internal Auditing is the first in a sequence of recommended courses for new internal auditors.

Following this course, consider taking these recommended foundational courses:

Fundamentals of Risk-based Auditing
Fundamentals of IT Auditing

Course Duration: 0.5 day(s)

CPEs Available: 4

Knowledge Level: Basic

Field of Study: Auditing

Prerequisites:

None

Advance Preparation:

None

Delivery Method: eLearning (Group-Internet-Based); On-site Training (Group-Live)

Internal Auditing Defined

The Value Proposition
- Assurance, Insight, and Objectivity
Internal Auditing vs. Accounting
The Nature and Scope of Modern Internal Audit Services
The IIA
- Mission
- Professional Guidance
- Professional Certifications
Internal Audit Career Paths

Standards and Frameworks

The IPPF
- Mandatory and Recommended Guidance
- The International Standards for the Professional Practice of Internal Auditing (Standards)
- Structure and Numbering System
- IPPF Enhancements
COSO Internal Control–Integrated Framework
COSO Enterprise Risk Management (ERM) Framework
IT Control Frameworks

The Internal Audit Process

Introduction to the Engagement Process
- Types of Internal Audit Engagements
- Planning the Engagement
- Performing the Engagement
- Conducting Engagement Communications

Most courses can be delivered through on-site training. You might be surprised that the organization leading the profession is just as committed to the delivery of affordable training.