Internal auditing is an independent, objective assurance and consulting activity designed to add value to and improve an organization's operations. This Webinar examines how a principles-based approach can be used to focus on accounting problems at its beginnings and become a powerful tool to detect the main risks of organizations.

This Internal Auditing - A Virtual Training Course on 11th April 2025 aims to give the participants an understanding on Internal Audit in the Age of Digital Revolution, Risk Based Auditing & Internal Controls, Internal Audit in the age of evolving Cyber risks and much more.

Benefits of attending:

• Understanding on Fundamentals of Auditing
• Learn How to identify and explain risks
• Development and usage of Risk based auditing
• About the Cyber and IT Auditing
• How to Writing effective Audit Reports

Who should attend?

• Chief Risk Officers
• Chief Audit Executives
• Internal & External Auditors
• CFOs
• Internal Directors/Managers/ Supervisors
• Risk Managers
• Assurance professionals
• Risk & Governance professionals

Agenda:

10.00 AM - 11.30 AM
Session 1: Internal Audit in the Age of Digital Revolution

• Automation solutions to drive efficiencies in SOX and IA processes, and
• Analytics solutions to gain insights into new and emerging risk areas.
• How to use robotics and AI as new delivery models to increase insights and assurance.

11.30 AM - 01.00 PM
Session 2: Risk Based Auditing & Internal Controls

• Development and usage of Risk based auditing
• Alternatives to identify appetite and risk tolerance to utilize within risk-based auditing
• Concepts, basics and facts of Internal Controls
• Typical Controls and Why they fail (Discover Control Mechanism)
• Design, implement and operate internal controls in a single process
• Align controls with actual risks
• Internal Controls over financial reporting
• Monitor and review controls, find deficiencies and improve control environment

01.00 PM - 02.00 PM
Break

02.00 PM - 03.30 PM
Session 3: Use of Data through the Audit Lifecycle

• Identify how data analytics can transform all parts of the audit lifecycle, from planning, risk assessment, execution, reporting, and through to monitoring
• Recognize the data analytics maturity continuum
• Recognize the different types of analytics that can be used including descriptive, predictive, and prescriptive analytics; Relate these analytical techniques to auditing a business process
• Seeing the data in dashboards

03.30 PM - 04.45 PM
Session 4: Use of forensic techniques when you suspect fraud in the audit- Evidence considerations from an auditor (Forensic Accounting Perspective)

• Implementing pre-incident forensic analysis routines that can be used to assess “What could go wrong”, detect fraud during audit and in leading organizations, on the basis of Continuous Auditing/Continuous monitoring program
• Common analysis to identify red flags

Thought Leaders: