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Adding Value in Internal Audit

Developing insight-led practices to add value and catalyse organisational change

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Why Choose This Course

The Adding Value in Internal Audit training course enables audit professionals to move beyond compliance-led auditing and make internal audit a practical driver of positive organisational change. It examines internal audit best practice alongside the new IIA standards, establishing a clear basis for higher-impact audit activity. Delegates explore Value for Money auditing through the three Es framework, together with assurance mapping and third-party and outsourcing reviews. Continuous auditing completes a comprehensive framework for directing audit work towards areas where it can have the greatest impact.

The course considers corporate governance from an added-value perspective, including audit committee relationships and the auditing of CSR and ethics. It also addresses stakeholder expectation management and the auditing of emerging areas, including social media. More complex added-value audit subjects include information security, IT projects, systems under development and business continuity management. Brand and reputation risk is also covered, developing sophisticated audit capability across the areas most important to modern organisations.

This Adding Value in Internal Audit training course will highlight:
  • Applying internal audit best practice and the new IIA standards
  • Assessing Value for Money through the three Es framework
  • Mapping assurance and reviewing third-party and outsourcing arrangements
  • Using continuous auditing to focus activity for the greatest impact
  • Examining corporate governance, audit committee relationships, CSR, ethics, stakeholder expectations and social media
  • Evaluating information security, IT projects, systems under development, business continuity, and brand and reputation risk
Why Choose Adding Value in Internal Audit
Course Goals

What are the Goals?

This course on adding value in internal audit provides delegates with the frameworks, methods, and strategic direction required to enhance internal audit’s contribution, moving it beyond assurance activity towards genuine organisational value creation.

Upon completing this course, delegates will be able to:

  • Establish internal audit as a driver of change: Implement best practice, comply with the new IIA standards, and develop and market a world-class audit team.
  • Conduct Value for Money auditing: Apply the three Es framework — efficiency, economy, and effectiveness — together with VFM audit methods and performance measurement.
  • Direct audit activity towards maximum value: Recognise high-value audit areas, oversee added value audit processes, and introduce continuous auditing and assurance mapping.
  • Audit outsourced and third party activities: Use structured audit methods for third party relationships and outsourcing arrangements.
  • Effectively audit corporate governance: Address core corporate governance areas, CSR, ethics, stakeholder expectations, and developing areas such as social media.
  • Audit complex topics that add value: Use audit techniques for information security, IT projects, systems in development, business continuity management, and brand and reputation risk.

Who is this Training Course for?

This Adding Value in Internal Audit training course is designed for:

  • Chief Audit Executives
  • Internal Audit Directors
  • Heads of Internal Audit
  • Internal Audit Managers
  • Senior Internal Auditors
  • Internal Auditors
  • Audit Supervisors
  • Risk and Assurance Managers
  • Governance Professionals
  • Compliance Professionals
Learning Approach

How will this Training Course be Presented?

This course on adding value in internal audit combines structured technical teaching, practical VFM audit methods, case studies, and workshops covering complex audit areas — enabling delegates to develop comprehensive added value audit capability across strategy, governance, and specialist subjects.

Methods of delivery include:

  • Instructor-Led Sessions: Experienced facilitators take delegates through IIA best practice, VFM auditing, assurance mapping, corporate governance auditing, and complex specialist audit areas using a structured and progressive sequence.
  • VFM Audit Technique Application: Structured exercises and case studies apply the three Es framework, VFM audit methods, and performance measurement approaches, placing the methodology within realistic audit scenarios.
  • Case Study Analysis: Within the VFM auditing content, case studies demonstrate how added value auditing methods are used and the outcomes they achieve in practice.
  • Corporate Governance Audit Workshops: Applied sessions address the auditing of corporate governance, CSR, ethics, stakeholder expectations, and social media, developing a proactive capability for governance auditing.
  • Complex Audit Area Sessions: Dedicated sessions explore information security, IT projects, systems under development, business continuity, and brand and reputation management, building specialist skills in added value auditing.

The Course Summary & Outline

  1. Day 1
    Internal Audit Best Practice
  2. Day 2
    The Value for Money (VFM) Approach
  3. Day 3
    Adding Value by Focusing Audit Activities
  4. Day 4
    Corporate Governance – the Added Value Approach
  5. Day 5
    Auditing the More Complex Added Value Topics
Recognition

Certificate

Delegates who successfully complete the Adding Value in Internal Audit training course are awarded the Wallstreet Academy Certificate of Completion, recognising their achievement and commitment to professional development. Participants receive 25–30 credits, with the final allocation based on their verified attendance throughout the course.

Each Guided Learning Hour represents 60 minutes of attendance. Attendance is documented in line with the quality management principles of ISO 9001:2015, supporting accurate and consistent record-keeping.

Frequently Asked Questions

The course focuses on transforming internal audit into a more insightful function and a catalyst for change. Its central theme is how internal audit can add value beyond its conventional activities. The course title and subtitle emphasise insight, transformation and positive organisational change.

The course is highly interactive and practical. The Adding Value in Internal Audit training course enables audit professionals to move beyond compliance-led auditing and make internal audit a practical driver of positive organisational change.

Key outcomes of this course include: audit outsourced and third party activities: Use structured audit methods for third party relationships and outsourcing arrangements; effectively audit corporate governance: Address core corporate governance areas, CSR, ethics, stakeholder expectations, and developing areas such as social media; audit complex topics that add value: Use audit techniques for information security, IT projects, systems in development, business continuity management, and brand and reputation risk.

Yes. The Adding Value in Internal Audit training course enables audit professionals to move beyond compliance-led auditing and make internal audit a practical driver of positive organisational change. It examines internal audit best practice alongside the new IIA standards, establishing a clear basis for higher-impact audit activity. Key topics include Internal Audit Best Practice, The Value for Money (VFM) Approach, Adding Value by Focusing Audit Activities and Corporate Governance – the Added Value Approach.

Key outcomes of this course include: establish internal audit as a driver of change: Implement best practice, comply with the new IIA standards, and develop and market a world-class audit team; conduct Value for Money auditing: Apply the three Es framework — efficiency, economy, and effectiveness — together with VFM audit methods and performance measurement; direct audit activity towards maximum value: Recognise high-value audit areas, oversee added value audit processes, and introduce continuous auditing and assur

Yes. The Adding Value in Internal Audit training course begins by examining what value means in an internal audit context, how stakeholder expectations shape the function and how internal audit can align its purpose with organisational priorities. The programme covers Internal Audit Best Practice, The Value for Money (VFM) Approach, Adding Value by Focusing Audit Activities, Corporate Governance – the Added Value Approach and Auditing the More Complex Added Value Topics.

This course is designed for Chief Audit Executives, Internal Audit Directors, Heads of Internal Audit, Internal Audit Managers, Senior Internal Auditors and Internal Auditors. Delegates explore Value for Money auditing through the three Es framework, together with assurance mapping and third-party and outsourcing reviews.

Key outcomes of this course include: establish internal audit as a driver of change: Implement best practice, comply with the new IIA standards, and develop and market a world-class audit team; conduct Value for Money auditing: Apply the three Es framework — efficiency, economy, and effectiveness — together with VFM audit methods and performance measurement; direct audit activity towards maximum value: Recognise high-value audit areas, oversee added value audit processes, and introduce continuous auditing and assur

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