Internal Auditing - Level 3

Course details

Course Introduction:
The Internal Auditing Level 3 course offers an in-depth exploration of advanced auditing techniques and best practices. Delegates will learn how to evaluate complex audit situations, develop strategic audit plans, and enhance their analytical skills. This course equips professionals with the tools to drive continuous improvement, ensuring robust internal controls and compliance within their organisations. Perfect for experienced auditors aiming to elevate their expertise.

Course Outcomes:
Ensure their reports integrate risk for decision making processes
Identify and assess financial crime risks within the control environment
Engage effectively with stakeholders and deliver assurance standards on the culture of the organisation
Promote and enhance the function of the organisations Chief Risk Officer
Ensure their reports integrate risk for decision making processes
Identify and assess financial crime risks within the control environment
Engage effectively with stakeholders and deliver assurance standards on the culture of the organisation
Promote and enhance the function of the organisations Chief Risk Officer
Ensure their reports integrate risk for decision making processes
Identify and assess financial crime risks within the control environment
Engage effectively with stakeholders and deliver assurance standards on the culture of the organisation
Promote and enhance the function of the organisations Chief Risk Officer

Who Should Attend:
Delegates who have some auditing experience, either directly as auditors or from within the quality assurance sector seeking to develop further their auditing skills and best practice approach to the development of the internal audit function in private and public sector organisations.

Course Topics:
Review of Key Audit Function Foundations

Key goals of the internal audit function
Ensuring auditor objectivity
Avoidance of conflicts of interest within auditing
Auditor skill set


Audit reports Working with Stakeholders

Effective post audit de-briefing
Root cause analysis and remediation recommendations
Developing departmental action plans with stakeholders: contributing to the delivery of compliance
Managing conflict situations


Use of technology in combating financial crime and cyber crime

Overview of the digitalisation of risk management
Big data analytics: mapping indicators of fraud money laundering bribery and corruption sanction breaches and market manipulation
The holistic approach to risk management: effectiveness efficiency scalability oversight
Enterprise Risk Management (ERM): customising and consolidating automated manual processes
Overview of transaction monitoring and threshold values for internal auditors
Trade surveillance software and correlation analysis: from repetitive behaviours to manipulating behaviours
Testing financial crime compliance systems: Data chosen cleansing articulation and understanding before feeding into the compliance system
Assessing fitness and operational efficiency of organisational systems and controls to prevent and combat cyber-crime risks: Phishing Webcam manager File hijacking Keylogging Screenshot manager Ad clicker Hacking and distributed denial of services (DDOS)


Effective Linkage of Organisational Systems

Overview of core organisational systems Finance HR Governance ESG
Closing the loopholes to assist in legal prosecution case efficiency
Ensuring good staff policy compliance
Establishing and managing staff register of interests and conflicts of interest


Engaging with External Auditors

The key role and objectives of external audit
Ensuring availability of evidence through defensible in court procedures for situations faced
Detecting severe but plausible scenarios
Overcoming organisational cultural challenges
Capturing and maximising earning and growth opportunities from the external audit