Qatat Finance and Business Academic
  • Certification Programs - Internal Auditing Fundamentals

Internal Auditing Fundamentals

QFBA
English | عربي

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  • +974 4496 8333
  • 8:00 am to 3:00 pm
  • PO Box 23245 Doha, Qatar
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Course Overview:

A training program that is designed to equip participants with the fundamental knowledge and skills necessary for the internal auditing profession. The program will cover a variety of topics, including the general framework of the internal auditing profession, the planning and implementation of internal audit assignments, as well as governance, risk management, and internal control. Participants will acquire the ability to plan and execute internal audit assignments, as well as consult sources pertinent to the field.

Course objectives:

Offer participants the fundamental skills and knowledge required to engage in the internal auditing profession.

Skills acquired:

  • Define internal audit activity and its categories.
  • Refer to the activity's regulatory structure and any applicable legislation.
  • Use the internal audit activity governance papers and refer to them as needed.
  • Use work models relevant to the internal audit activities.
  • Determine the steps of an internal audit.

Target Audience:

Internal auditors and individuals who aspire to pursue a career in internal auditing.

Course outline:

1. Introduction to Internal Auditing.

1. Concept

  • Definition
  • Objectives
  • Organizational Position
  • Powers
  • Scope and Areas

2. Services Provided

  • Periodic Audit Assignments
  • Special Audit Assignments
  • Advisory Assignments
  • Coordination Assignments
  • Compliance and Risk Management
  • Reporting Hotline

3. Profession references.

  • Local legislation.
  • International framework.
  • Relevant regulatory frameworks.

3. Governance of the activity

  • Charter and Procedure Manual
  • Declaration of Independence and Confidentiality
  • Activity supervision
  • Quality assurance and improvement program.

2. Governance, risk management, and internal controls.

1. Governance

  • Definition and Responsibility.
  • Governance factors
  • Recognized Frameworks
  • Internal Audit Role

2. Risk Management

  • General concepts
  • Components and stages
  • Recognized frameworks
  • Internal Audit Role

3. Internal Controls

  • General concepts
  • Components
  • Control Types
  • Recognized Frameworks
  • Internal Audit Role

3. Three levels of planning

1. Annual Plan

  • Conduct strategic analysis
  • Evaluate risks
  • Create an internal audit plan

2. Engagement plan

  • Define objectives
  • Define metrics
  • Define audit procedures
  • Define engagement scope
  • Allocate resources

3. Engagement Work Program

  • Definition
  • Purpose
  • Types

4. Engagement Work Program

1. Assignment start notification

  • List of initial requirements
  • Audit plan

2. Kick-off meeting

  • dentifying points of contact
  • Outlining the scope, plan, and requirements
  • Agreeing on reference criteria
  • Recording the kick-off meeting

3. Understanding the process flow

  • Comprehensive understanding of the entity
  • Process-oriented tools
  • Documentation

4. Fieldwork

  • Evidence collection
  • Samples
  • Analysis
  • Documentation
  • Conclusions

5. Draft report and final meeting

  • Preparing and reviewing draft
  • Sharing and approving draft
  • Discussing draft report
  • Coordinating work plans
  • Timeline and accountability for implementation
  • Nonconformities.

6. Final report and results communication

  • Preparation and review
  • Approval
  • Sharing

7. Follow-up

  • Observation database
  • Periodic and continuous follow-up
  • Methods to check implementation
  • Follow-up reports

5. Review and practical training.

About the trainer:

Abdul Latif Al Qahtani

  • More than 15 years of hands-on expertise.
  • Bachelor of Accounting at Qatar University.
  • Certified Internal Auditor (CIA) - Institute of Internal Auditors IIA.
  • Certified Accounting Expert - Ministry of Justice.
  • Certified Auditor, Ministry of Commerce and Industry.
Related Links

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