Certificate in Internal Audit

Course details

Internal audit involves evaluation of an organization’s internal controls, its corporate practices, processes, and methods. An internal audit helps in adhering to various regulatory and statutory compliances as applicable to an organization.

Vskills Certificate in Internal Audit assesses the candidate as per the company’s need for planning, performing and reporting for internal ;

Why should one take Certificate in Internal Audit?
This Course is intended for professionals and graduates engaged in auditing wanting to excel in their chosen areas. It is also well suited for those who are already working and would like to take certification for further career progression.

Earning Vskills Certificate in Internal Audit helps candidate differentiate in today's competitive job market, increase their employment opportunities by displaying their advanced auditing skills, and result in higher earning ;

The certification covers

• Internal Controls, Policies and Procedures
• Audit Planning
• Stakeholder Analysis
• Audit Execution and Reporting
• Governance, Risk Management & Control

Who will benefit from taking Certificate in Internal Audit?
Auditors, finance managers, senior executives and students gain immensely from this certification.

Job seekers looking to find employment in auditing or finance departments of various companies, students generally wanting to improve their skill set and make their CV stronger and existing employees looking for a better role can prove their employers the value of their skills through this certification.
 
Benefits of Certification

• Government certification
• Certification valid for life
• Lifelong e-learning access
• Learning Hours: 10+ hrs

 
How It Works

1. Select Certification & Register
2. Receive Online e-Learning Access (LMS)
3. Take exam online anywhere, anytime
4. Get certified & Increase Employability

Test Details

• Duration: 60 minutes
• No. of questions: 50
• Maximum marks: 50, Passing marks: 25 (50%).
• There is NO negative marking in this module.
• Online exam.

 
TABLE OF CONTENT

Accounting Basics

• What is Accounting?
• Accounting Terms
• Concepts of Accounting
• Conventions of Accounting
• Branches of Accounting
• Classification of Expenses, Income, Assets and Liabilities
• Financial Statements
• Systems of Accounting
• Basis of Accounting
• Source Documents
• Journal
• Ledger
• Trial Balance
• Subsidiary Books
• Bank Reconciliation Statement (BRS)
• Rectification of Errors
• Suspense Account
• Capital Expenditure and Revenue Expenditure
• Capital Receipts and Revenue Receipts
• Depreciation
• Company Final Accounts

Auditing Basics

• What is Auditing?
• Types of Audits
• Auditing Advantages and Limitations
• Principles of Auditing
• Auditing Standards
• Important Auditing Terms
• Expression of Opinion
• Fraud and Error Detection
• Audit Materiality
• Audit Risk
• Internal Auditing

Auditor Skills

• Who is an Auditor?
• Types of Auditors
• Qualities of an Auditor
• Critical Thinking
• Decision Making
• Relationship Management

Internal Controls, Policies and Procedures

• Basics of Internal Controls
• COSO Framework
• Other Frameworks
• Steps to Audit with an Internal Control Framework
• Internal Controls Policy and Procedures
• Control Environment
• Entity’s Risk Assessment Process
• Control Activities
• Tools and Techniques

Audit Planning

• Audit Planning Basics
• Audit Plan
• Audit Strategy
• Audit Program
• Audit Engagement

Stakeholder Analysis

• Stakeholder Engagement Methods
• Stakeholder Index Value
• Stakeholder Prioritization
• Stakeholder Analysis

Audit Execution and Reporting

• Audit Execution
• Audit Evidence
• Audit Sampling
• Audit Documentation
• Vouching
• Verification of Assets
• Verification of Liabilities
• Financial Statement Auditing
• Audit Quality
• Auditor's Professional and Ethical Responsibilities
• ERP Auditing
• Cloud Computing Audit

Governance, Risk Management & Compliance

• What is Governance, Risk Management, and Compliance (GRC)?
• Corporate Governance
• Risk Management
• GRC and Compliance
• GRC Maturity

Updated on 02 January, 2024