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In-House Training About Us
An Intensive Professional
Development Training Course on

Raising the Bar of Internal Audit

Enhancing the Skills & Techniques to Provide
Professional Consultancy & Assurance Services

Course Options

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This training course is split into the following modular components:

MODULE I Internal Audit Quality Assurance
MODULE II Consultancy Skills for Auditors

This comprehensive course consists of two modules that can be attended as a full 10-Day event or as separate 5-day courses.

Why Choose Us

The Raising the Bar of Internal Audit training course helps auditors understand organisational objectives and strategy, identify risks, and recognise barriers to successful delivery. It examines how effective auditing supports the safety and soundness of firms. Participants also explore the benefits provided by an effective audit process. The focus remains on strengthening internal audit’s practical contribution to organisational success.

Assurance and consulting skills enable internal auditors to support their organisation in accomplishing its objectives. This requires a systematic, disciplined approach to evaluating and improving risk management, control and governance processes. The course also considers issues arising when auditors support management while balancing internal audit and consultancy responsibilities. Relevant skills are developed through group exercises, case studies and activities connected to participants’ organisations.

This Raising the Bar of Internal Audit training course will highlight:

  • Challenging the design and operating effectiveness of governance, risk management and internal control processes while keeping appropriate executives involved
  • Addressing issues faced by auditors and organisations when supporting management
  • Establishing effective quality assurance and improvement arrangements
  • Managing the balance between acting as an internal auditor and serving as a consultant
  • Applying consultancy tools and techniques to plan and execute work and present ideas logically and clearly
  • Following best-practice guidance for internal audit’s consultancy role
  • Developing knowledge and skills that deliver tangible organisational benefits
Why Choose Raising the Bar of Internal Audit
Course Goals

What are the Goals?

This Raising the Bar of Internal Audit training course addresses the knowledge, tools and techniques consultants commonly apply when carrying out an internal quality assessment. It will help you become an effective consultant and give auditors an understanding of the consulting skills required to enhance the internal audit function.

By the end of this Wallstreet Development Academy course, you will be able to:

  • Understand how to perform an internal quality assessment as a benchmark and in preparation for internal audit quality assurance
  • Evaluate the efficiency of your internal audit function
  • Create your own road map for conforming with international standards for the professional practice of internal auditing
  • Strengthen skills in internal auditing, as well as in risk management, governance and compliance (GRC Model)
  • Understand how to prepare a gap analysis that identifies where you already possess a strong skills base and where those skills may need strengthening
  • Understand consultants’ responsibilities and services, how to be creative, and how to demonstrate the value that can be added
  • Explore the skills required to deliver consultancy services alongside assurance services, and learn how to apply core skills as both an auditor and a consultant
  • Apply some of the tools and techniques that consultants commonly use in these areas
  • Recognise and practise facilitation skills and address related issues within your own environment

Who is this Training Course for?

This Raising the Bar of Internal Audit training course is designed for:

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

How will this Training Course be Presented?

This Raising the Bar of Internal Audit training course uses a range of established adult learning methods to maximise participants’ understanding, comprehension and retention of the material delivered. The training approach incorporates case studies, group discussions, group activities, interactive exercises and videos, while pre- and post-course assessments will also be provided to strengthen participants’ learning outcomes and evaluate the effectiveness of the training. The instructor will further support learning by encouraging delegates to examine and critically assess the theories and concepts covered during the training course.

The Course Content

MODULE I

Internal Audit Quality Assurance

Internal Audit, Quality & Performance
  • Concept of Internal Audit
  • Types of internal audit function
  • The Principles of Conduct of the Code of Ethics
  • The International Standards for the Professional Practice of Internal Auditing (Standards)
  • Meaning of Quality and performance
  • Measuring performance
Quality Assurance & Improvement Program
  • The framework for quality assurance
  • Requirements of the Quality Assurance and Improvement Program
  • Evaluation of the conformance with relevant policies, procedures, and standards
  • The application of the Code of Ethics
  • Assess the efficiency and effectiveness of the internal audit activity
  • Identifies opportunities for improvement
Internal Assessments
  • Ongoing monitoring of performance of the internal audit activity and staff.
  • Periodic self-assessment and review
  • Assess internal audit activity’s charter
  • Evaluate the applicable legislative and regulatory requirements
  • Establish benchmark of the internal audit activities
  • Establish metrics to indicate improvement in organization
External Assessments
  • Importance of external assessment
  • Form of external assessment
  • Frequency of external assessment
  • Internal audit and audit committee function
  • Assessment of conflict of interest
  • Following up the results & recommendation of external assessments
Using the Quality Assessment Manual to Conduct Self-Assessment
  • The effectiveness of using the resources
  • The best successful practices
  • The organization’s risk management
  • Reporting on the Quality Assurance and Improvement Program
  • Disclosure of non-conformance
  • Compliance with the regulatory requirements
  • Case studies in each day activity
MODULE II

Consultancy Skills for Auditors

The Traditional Role of the Internal Auditor
  • The definition of internal auditing
  • The Concept of internal audit
  • The roles & procedures within the internal audit department
  • Preserving independence and objectivity
  • Audit preparation and planning to ensure an effective audit
  • The skills of auditors
The Consulting Activities of Internal Auditing
  • The key consulting activities in an organization
  • The role of consulting in internal auditing
  • The link between audit committee requirements & consulting services
  • Strengthening organizational governance
  • Creating the compliance framework
  • Developing and improving risk management
The Consulting Engagement and Skills
  • The key phases of a consultancy engagement
  • Assessment of the consulting skills
  • Developing and presenting ideas and solutions
  • Writing skills and effectively communicating results
  • The importance of effective communication and interpersonal skills
  • Demonstrating professional competency
Consulting Tools and Techniques in an Organization
  • Identifying the tools and techniques of consulting
  • Understanding the need to listen and writing reports for consulting
  • Developing and managing the client satisfaction
  • Process benchmarking and gap analysis
  •  Managing the “politics issues” and how to deal with
  •  Managing & setting polices of conflict of interest
Effective Consultancy in Organization
  • Enhancing the capabilities of problem-solving skills
  • Implementing on going assurance
  • Developing fraud awareness workshop
  • Strengthening the ethics & code of conduct programme
  • Assessment business development opportunities
  • Taking advantages of hidden opportunities
Recognition

Certificate

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

In Partnership With

Anderson Copex Coventry

Frequently Asked Questions

This course focuses on raising professional standards in internal audit. It is designed to enhance the skills and techniques used to provide consultancy and assurance services. The course connects internal audit development with both advisory and assurance responsibilities.
The training develops skills and techniques for delivering professional consultancy and assurance services. Its emphasis is on improving how internal audit practitioners approach these two areas of responsibility. The available course information does not list individual technical skills.
The course supports consultancy work by focusing on the skills and techniques needed to provide professional advisory services. Consultancy is presented as a core part of the internal audit role alongside assurance. The description does not specify particular consulting frameworks or tools.
Yes, the course explicitly addresses both professional consultancy and assurance services. Its focus is on enhancing the skills and techniques required across these two areas. This combined emphasis reflects the broader responsibilities of internal audit.
You will learn how to strengthen the skills and techniques associated with professional internal audit work. The course covers the provision of consultancy and assurance services at a general level. Specific methods or topics are not detailed in the available course description.
The course is relevant to people seeking to enhance their internal audit skills and techniques. It is particularly aligned with roles that contribute to consultancy, assurance, or both. Specific job titles or experience requirements are not provided in the course information.
The course aims to enhance the skills and techniques used to deliver professional assurance services. It places assurance within the broader goal of raising the standard of internal audit practice. Specific assurance processes or methodologies are not identified in the available content.
The main benefit is the development of stronger skills and techniques for professional internal audit services. Participants can expect a clearer focus on providing both consultancy and assurance. The course description does not state any certification, accreditation, or formal qualification outcome.