An Intensive Professional
Development Training Course on

Developing, Improving & Monitoring the Internal Audit Function

Optimising the Internal Audit Function and Integrating
with the Organisation's Strategic Objectives

Course Options

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Why Choose Us

The Developing, Improving & Monitoring the Internal Audit Function training course equips professionals to establish, enhance and maintain an integrated internal audit function aligned with organisational strategy. It examines how integrity and efficiency in internal auditing can strengthen governance, reduce risk exposure and improve financial performance. Participants explore how internal audit supports financial reliability, protects organisational assets and maintains compliance with regulatory standards.

Emphasis is placed on creating a structured, well-governed audit environment that provides reliable assurance and supports continuous improvement. Delegates evaluate internal controls and governance processes, identifying weaknesses that could expose organisations to fraud, inefficiency or operational disruption. Discussion, analysis and practical case studies cover risk-focused auditing, effective audit planning, accurate documentation and confident management of audit assignments. This understanding enables professionals to assess audit processes, enhance organisational performance and stability, and support best-practice governance and long-term success.

This Developing, Improving & Monitoring the Internal Audit Function training course will highlight:

Establishing and maintaining an integrated internal audit function
Aligning audit activities with integrity, efficiency and organisational strategy
Evaluating internal controls and governance processes
Identifying exposure to fraud, inefficiency and operational disruption
Applying risk-focused auditing and effective audit planning
Producing accurate audit documentation and reliable assurance

Why Choose Developing, Improving & Monitoring the Internal Audit Function

Course Goals

What are the Goals?

This Developing, Improving & Monitoring the Internal Audit Function training course is designed to enhance participants’ understanding of current auditing practices, internal control frameworks, and efficient monitoring methods. It provides professionals with the capabilities required to develop, evaluate, and improve their internal audit function in support of better governance and performance.

Upon completing this Internal Audit Function Training Course, participants will be able to:

Recognise the duties and role of an internal audit department
Carry out various types of audits to monitor policies, controls, and performance
Assess the effectiveness of internal controls and security practices
Evaluate audit risk and plan, manage, and document audit assignments
Lead effective audit exit conferences and supervise post-audit reviews

Who is this Training Course for?

This Developing, Improving & Monitoring the Internal Audit Function training course is designed for:

Chief Audit Executives
Heads of Internal Audit
Internal Audit Directors
Internal Audit Managers
Senior Internal Auditors
Internal Audit Supervisors
Internal Audit Team Leaders
Internal Audit Quality Assurance Managers
Internal Audit Quality Assurance Specialists
Audit Committee Members

Learning Approach

How will this Training Course be Presented?

This Developing, Improving & Monitoring the Internal Audit Function training course combines established learning methods in an engaging way to promote knowledge retention and practical implementation. Participants are encouraged to apply critical thinking and evaluate audit scenarios through real-world examples.

This Internal Audit Function Training Course will incorporate:

Instructor-led input reinforced with practical illustrations
Collaborative discussions and participative activities
Case studies exploring internal audit challenges and their solutions
Exercises designed to strengthen audit methodology and documentation skills
Video presentations illustrating professional scenarios

Through this approach, participants develop a sound understanding of how to create, enhance, and monitor an effective internal audit function.

The Course Content

Internal & External Auditing and the Role & International Standards of the Internal Audit Department

Defining the Distinctions and Responsibilities between Internal and External Auditors
Identifying the Internal Audit Staff Positions
Identifying Internal Audit Staffing Requirements
Techniques for Ensuring Credibility for the Internal Audit Team
Developing the Audit Committee Charter for a Board of Directors
Review of Statements on International Auditing Standards Update and General Auditing Practice Issues

Examining & Understanding the Differences between Various Types of Audits, including Risk Factors

Fraud and Forensic Audits
Compliance Audits
Operational Audits
Information Systems Audits
Financial Audits
Risk Factors & Audit Risk Alerts

The Audit Process, Programs and Planning & Commencing Internal Audit Examinations

Developing Streamlined Processes for Conducting Internal Audit Examinations
Identifying Effective Audit Programs for the Various Types of Audits
Risk-Based IT Audit Procedures
Key Considerations for your Internal Audit Plan
20 Questions Directors Should Ask about Internal Auditing
The Audit Commencement Conference Meeting

Fieldwork: Internal Audit Examinations, Controls & Documentation

Evaluating Internal Controls & Substantive Procedures
A Detailed Examination of the Budget Process & Budgetary Controls
Planning & Conducting Audit Interviews
Accumulating Relevant Documentation during the Internal Audit Process
Professional Standards and Responsibilities Associated with Internal Auditing Documentation
Sampling & Statistical Analysis to ensure a Representative Sample

The Audit Exit Conference, Findings and Post Audit Review

The Internal Audit Draft & Final Report: - Findings and Suggestions for Areas of Improvement
Planning the Audit Exit Conference Meeting
Distributing the Final Internal Audit Report within the Organization
Client Survey
Conducting Post-Audit Reviews/Follow Up Audit
Improving Corporate Governance

Recognition

Certificate

• Wallstreet Development Academy Certificate of Completion for delegates who attend and complete the training course.

Frequently Asked Questions

The course covers how to develop, improve and monitor an internal audit function. It focuses on optimising the function and integrating it with the organisation’s strategic objectives. The content connects internal audit development with ongoing improvement and oversight.

The course focuses on integrating the internal audit function with the organisation’s strategic objectives. It treats strategic alignment as part of optimising the function rather than as a separate activity. This helps frame internal audit development and improvement in the context of wider organisational goals.

Yes, monitoring the internal audit function is explicitly included in the course scope. It is presented as one of the key elements alongside developing and improving the function. The course links this monitoring focus to broader optimisation and strategic integration.

This course is relevant to professionals involved in the development, improvement or monitoring of an internal audit function. It may also suit those concerned with aligning internal audit activities with organisational strategy. Specific job titles or experience requirements are not provided in the course information.

You will learn about developing, improving and monitoring the internal audit function. The course also addresses how internal audit can be optimised in relation to organisational priorities. Its central theme is the integration of internal audit with strategic objectives.

Yes, improving the internal audit function is a core part of the course. The training considers improvement alongside development, monitoring and optimisation. It also places these activities within the context of the organisation’s strategic objectives.

The training aims to build capability in developing, improving and monitoring an internal audit function. It also strengthens understanding of how to optimise internal audit and connect it with strategic objectives. The emphasis is on managing the function as an integrated part of the organisation.

The main outcome is a clearer understanding of how to optimise an internal audit function. Participants will focus on its development, improvement and monitoring while considering its relationship with organisational strategy. The course is centred on making the function more closely integrated with strategic objectives.