The Course Content
Day One: Internal Audit Best Practice
Ensure IA is seen as an agent for positive change
Meeting the challenges of the new IIA standards
The significant changes in the Internal Audit role
The need to recognise audit risk
Building a world class team
Marketing the IA activities
Day Two: The Value for Money (VFM) Approach
What is VFM?
The Power of VFM auditing
The 3 E’s (Efficiency, economy and effectiveness)
VFM audit techniques
Performance measurement
Case Studies
Day Three: Adding Value by Focusing Audit Activities
Focusing attention on the activities with potential to add value
Auditing Third Party activities
Outsourcing reviews
Managing the added value audit process
Continuous auditing
Assurance Mapping
Day Four: Corporate Governance – the Added Value Approach
The key aspects of CG
Auditing the key aspects of Corporate Governance
Developing proactive Audit Committee relationships
Auditing Corporate Social Responsibility and Ethics
How to understand and exceed stakeholders’ expectations
Auditing new areas such as Social Media
Day Five: Auditing the More Complex Added Value Topics
Information security
Systems under development
The web site and external communications
IT projects
Business Continuity Management
Brand and reputation management