Cambridge
Academy
In London

Course Duration: Five Training Days

Course Language: Arabic or English

Include:

-Scientific material with TAB

-Workshops

-Reception and farewell at the airport

-Daily lunch

Introduction:

This course will focus on the challenges and opportunities internal audit leaders face and show you how you can make a contribution at a strategic level, clearly adding value and also enhancing productivity in the audit process. This training will help you improve your awareness and skills and help you become a better internal audit leader. 

Targeted Groups:

-Internal audit management

-Improvement and innovation

-Internal audit delivery

-Persuasion and collaboration

-Governance, risk and control enhancement

Course Objectives:

At the end of this course the participants will be able to:

-Express greater confidence while interacting with senior leaders.

-know what it takes to lead an internal audit team successfully, grasp how to contribute strategically and successfully, and how to drive corporate success overall.

-Understand the purpose of your internal audit function and how it fits into the "assurance jigsaw," as this will have an impact on your major leadership priorities. 

-Utilize realistic strategies to control important interactions with the audit committee, senior management, and peers.

-By using effective internal auditing practices, you can add value.

-learn how to effectively manage your important connections with the audit committee, top management, and peers. 

-have a clear understanding of what it truly means to provide insight and create value, as well as good practices in relation to your team’s efficiency and productivity

Targeted Competencies:

-leadership, management and risk-based planning

-risk management in the internal audit function 

managing internal audit resources 

-managing the internal audit engagement process 

-marketing internal audit and effective stakeholder relations 

-delivering added value and insight

-getting the best from your quality assurance and improvement program

Course Content

Unit 1: Internal Audit Leadership

-The importance of steady management

-Effective leadership

-A reminder of leadership and management theory

-The inspirational internal audit leader

-Qualities of an effective internal audit leader

-Large versus small internal audit teams

-The mission statement and definition of internal auditing

-Relevant attribute and performance standards

-Challenges all internal audit leaders face

-Resolving common challenges

Unit 2: Effective Internal Audit Planning

-Determining risk maturity

-Designing the risk-based assurance universe

-How you develop your universe and strategy

-Coordination with other assurance providers

-Developing an effective internal audit strategy

-Determining the annual or six-monthly internal audit plan

-Delivering the plan

-Advantages and disadvantages of working with other assurance providers

-Good practice planning

-Internal audit delivery today and building team capability for tomorrow

Unit 3: Getting Maximum Impact from our Internal Audit Resources

-Securing the necessary internal audit resources

-Managing internal audit resources

-Dealing with the dispersed team

-Ensuring an effective internal audit engagement process

-Maximizing efficiency

-Managing co-sourcing and contractors

-In-house versus outsourced contractors

-Risk management in the internal audit function

-Risk identification and management for internal audit

Unit 4: Stakeholder Relationship Management

-Perceptions of internal audit

-Stakeholder analysis

-Effective stakeholder relations

-Marketing internal audit

-Internal audit’s product mix

-Best practice stakeholder management

-Effective reporting and recommendations

-Conflict management, negotiation and persuasion

-Networking

-Conflict and solutions

Unit 5: Insight, Added Value and Quality Assurance

-What is insight

-Delivering insight and impact

-Enhancing and protecting organizational value

-Adding value through assurance and consulting

-The power and perils of advisory work

-The quality assurance and improvement program

-Internal assessments

-External assessments

-Elements of the improvement program