Course Description
This comprehensive training course is designed to provide participants with a deep understanding of the principles and practices of auditing in modern organizations. It covers the essential concepts, tools, and techniques required to conduct effective audits, ensuring compliance, risk management, and operational efficiency. Participants will gain practical insights into the latest auditing standards and methodologies, enabling them to contribute to organizational success through robust audit processes.
The course will explore key topics such as audit planning, risk assessment, internal controls, audit reporting, and emerging trends in auditing. It also emphasizes the role of technology in modern auditing practices, including data analytics and automated tools. Through a blend of theoretical knowledge and practical exercises, participants will develop the skills needed to perform audits effectively in diverse organizational contexts.
Course Objectives
Upon the successful completion of this Principles and Practices of Auditing in Modern Organizations Training Course, participants will be able to:
- Understand the fundamental principles and practices of auditing in modern organizations.
- Develop skills in audit planning, execution, and reporting.
- Learn how to assess and manage risks through effective auditing.
- Explore the role of technology and data analytics in auditing.
- Enhance their ability to identify and address compliance issues.
Training Methodology
The course is designed to be highly interactive, challenging and stimulating. It will be an instructor led training and will be delivered using a blended learning approach comprising of presentations, discussions, guided sessions of practical exercise, case study review, web-based tutorials, group work, exploration of relevant issues collaborative strength training, performance measurement, and workshops of participants displays, all of which adhere to the highest standards of training. The training technique is built on learning by doing, with lecturers using a learner-centered approach to engage participants and provide tasks that allow them to apply what theyve learned. Experiential knowledge is also given equal importance within the format of training. Our facilitators are seasoned industry professionals with years of expertise in their chosen fields. All facilitation and course materials will be offered in English.
Who Should Attend?
This Principles and Practices of Auditing in Modern Organizations Training Course would be suitable for, but not limited to:
- Internal and External Auditors
- Risk Management Professionals
- Compliance Officers
- Finance and Accounting Professionals
- Quality Assurance Managers
- Operations Managers
- IT Auditors
- Professionals seeking to enhance their auditing skills
Personal Benefits
- Gain a competitive edge in the auditing profession.
- Enhance your ability to conduct audits with confidence and precision.
- Develop a deeper understanding of risk management and compliance.
- Acquire practical skills applicable to real-world auditing scenarios.
- Expand your career opportunities in auditing and related fields.
Organizational Benefits
- Strengthen internal controls and risk management frameworks.
- Improve compliance with regulatory requirements.
- Enhance operational efficiency through effective auditing practices.
- Foster a culture of accountability and transparency.
- Leverage technology to streamline audit processes.
Course Outline
Module 1: Introduction to Auditing in Modern Organizations
- Overview of auditing principles and standards
- Evolution of auditing practices
- Types of audits: internal, external, and forensic
- Role of auditors in organizational governance
- Practical Session: Introduction to audit documentation
Module 2: Audit Planning and Preparation
- Steps in audit planning
- Risk assessment and materiality
- Developing an audit program
- Resource allocation and team roles
- Practical Session: Creating an audit plan
Module 3: Internal Controls and Risk Management
- Understanding internal control frameworks
- Identifying and evaluating risks
- Testing and evaluating controls
- Mitigating risks through effective controls
- Practical Session: Risk assessment exercise
Module 4: Audit Execution and Evidence Collection
- Techniques for gathering audit evidence
- Sampling methods and their application
- Documenting audit findings
- Using technology for evidence collection
- Practical Session: Conducting an audit interview
Module 5: Audit Reporting and Communication
- Structuring an audit report
- Writing clear and concise findings
- Communicating results to stakeholders
- Follow-up and corrective actions
- Practical Session: Drafting an audit report
Module 6: Emerging Trends in Auditing
- Impact of technology on auditing
- Data analytics and continuous auditing
- Cybersecurity and IT auditing
- Sustainability and environmental auditing
- Practical Session: Using data analytics tools
Module 7: Compliance and Regulatory Auditing
- Understanding regulatory requirements
- Conducting compliance audits
- Reporting non-compliance issues
- Best practices for regulatory audits
- Practical Session: Compliance audit simulation
Module 8: Fraud Detection and Forensic Auditing
- Identifying red flags and fraud risks
- Techniques for fraud detection
- Conducting forensic audits
- Legal and ethical considerations
- Practical Session: Fraud case study analysis
Module 9: Quality Assurance in Auditing
- Importance of quality assurance in audits
- Peer reviews and external assessments
- Continuous improvement in audit processes
- Benchmarking and best practices
- Practical Session: Quality assurance checklist
Module 10: Auditing in a Global Context
- International auditing standards
- Cross-border auditing challenges
- Cultural and ethical considerations
- Auditing in diverse industries
- Practical Session: Global audit scenario analysis
Requirements
- Participants should be reasonably proficient in English.
- Applicants must live up to Phoenix Center for Policy, Research and Training admission criteria.
Terms and Conditions
- Discounts: Organizations sponsoring Four Participants will have the 5th attend Free
- What is catered for by the Course Fees: Fees cater for all requirements for the training Learning materials, Lunches, Teas, Snacks and Certification. All participants will additionally cater for their travel and accommodation expenses, visa application, insurance, and other personal expenses.
- Certificate Awarded: Participants are awarded Certificates of Participation at the end of the training.
- The program content shown here is for guidance purposes only. Our continuous course improvement process may lead to changes in topics and course structure.
- Approval of Course: Our Programs are NITA Participating organizations can therefore claim reimbursement on fees paid in accordance with NITA Rules.
Booking for Training
Simply send an email to the Training Officer on training@phoenixtrainingcenter.com and we will send you a registration form. We advise you to book early to avoid missing a seat to this training.
Or call us on +254720272325 / +254737566961
Payment Options
We provide 3 payment options, choose one for your convenience, and kindly make payments at least 5 days before the Training start date to reserve your seat:
- Groups of 5 People and Above Cheque Payments to: Phoenix Center for Policy, Research and Training Limited should be paid in advance, 5 days to the training.
- Invoice: We can send a bill directly to you or your company.
- Deposit directly into Bank Account (Account details provided upon request)
Cancellation Policy
- Payment for all courses includes a registration fee, which is non-refundable, and equals 15% of the total sum of the course fee.
- Participants may cancel attendance 14 days or more prior to the training commencement date.
- No refunds will be made 14 days or less before the training commencement date. However, participants who are unable to attend may opt to attend a similar training course at a later date or send a substitute participant provided the participation criteria have been met.
Tailor Made Courses
This training course can also be customized for your institution upon request for a minimum of 5 participants. You can have it conducted at our Training Centre or at a convenient location.
For further inquiries, please contact us on Tel: +254720272325 / +254737566961 or Email training@phoenixtrainingcenter.com
Accommodation and Airport Transfer
Accommodation and Airport Transfer is arranged upon request and at extra cost. For reservations contact the Training Officer on Email: training@phoenixtrainingcenter.com or on Tel: +254720272325 / +254737566961
