Systems and Internal Audit Control

Program Overview:

This program is designed to generate intensive, in-depth, highly interactive and practical session to cater for participants’ professional education needs and requirements with emphasis on the best practice methods in modern internal auditing and control systems.

For whom:

Internal Audit department staff, Internal control staff, financial control staff, Account manager, Admin. Managers, Treasury department staff in both service and manufacturing industries.

Learning objectives:

At the end of the program, participants will be able to:

*          have an in-depth understanding of the role of internal audit and control systems;

*          develop skills for the control functions of their organizations;

*          develop the risk/control matrix needed for organizational survival and growth;

*          improve on their understanding with regards to enforcement of ethical standards, auditors’ independence and professional attitude; and

*          apply the best practice methods in modern internal auditing and control system.

Course outline:

Day 1: The internal auditor as the ear and eye of management

• Enthroning a fraud preventive internal control system
  • System documentation process, review and upgrade
  • Trends and challenges
• The role of human psychology in auditing
  • Audit concepts: Auditor’s and Audi tee’s perception
  • Psychological barriers in effective auditing
  • Psychological strategies for enhancing auditing
• Interpersonal strategies: face to face clarification of issues
  • Identification of liars, verbal and non-verbal clues etc.

Day 2:  Computer audit techniques

• Computer installations control check list
  • Maintaining the audit trail in a

computerized system

• Control in on-line and real time systems

• Use of computer software in computer

auditing (CAATS)

• Emerging trends and challenges

Day 3: Scientific document examination/

Risk Management

• Analysis of forged and fraudulent documents
  • Signature verification
• Fraud prevention and management
  • The role of internal auditor 

Methodology

Lectures, discussions, exercises, case studies, audio-visual aids will be used to reinforce these teaching/learning methods.