Effective Internal Auditing

This programme reflects the increasing importance ACCA attaches to serving the needs of professionals working in internal auditing.
It explains the nature and practice of internal auditing interpreting the Standards of the global Institute of Internal Auditors which have been significantly
revised with effect from the start of 2009, and which have applied to ACCA members since 2005.Reference is also made to HM Treasury’s and CIPFA’s guidance on internal audit for central and local government. The programme also covers the essentials of internal audit management, and looks at internal audit’s remit in terms of governance processes, risk
management and internal control.
At its conclusion delegates will be able to apply leading edge approaches
within their organisations.

What will I get out of it ?
• opportunity to catch up with new developments
• opportunity to discuss issues important to you in your work
• the provision of insights and approaches which will improve your professional performance
• for those new to internal auditing – an effective induction so that you can ‘hit the ground running’
• for experienced internal auditors – an opportunity to take stock and recharge your batteries
• the chance to network with others with similar interests.

Key features
• the framework of ethics, standards and guidance for internal auditing
• understanding and applying the ‘consulting’ and ‘assurance’ roles of internal audit
• internal audit purpose, authority, responsibility, objectives, scope and independence
• the nature of internal audit work
• proficiency and due professional care
• managing the internal audit activity
• quality assurance and improvement programmes
• the option of outsourcing internal audit
• measuring and benchmarking internal audit performance
• the meaning of internal control and risk management
• internal auditors as risk control and governance advisors and consultants
• planning and performing an audit engagement, audit interviewing and testing, engagement records
• audit reporting and follow-up – communicating results, monitoring progress, management’s acceptance of risks
• control risk self-assessment.

Who should attend ?
Internal auditors at all levels who would like to catch up with the latest developments in internal auditing.
External auditors who need an appreciation of contemporary internal auditing.
Those to whom internal auditors report (finance directors, audit committee members or others) who
need to understand what a modern internal audit function can offer their organisation.

Dates and location
15 – 16 June (09.15 – 17.00), London
5 – 6 November (09.15 – 17.00), London

Lecturer
Professor Andrew D Chambers BA
FCCA CEng FCA FIIA FBCS CITP FRSA,
Management Audit LLP