The training aims to equip the participants with the knowledge and skills necessary to assess and enhance an organization’s internal control environment in a risk-focused manner. This will make the participants play a critical role in helping organization the manage and mitigate risks while enhancing the overall effectiveness and efficiency of their operations.
TRAINING OBJECTIVES
By the end of the training the participant should be able to:
Understand Internal Control Frameworks: COSO (Committee of Sponsoring Organizations of the Treadway Commission) or ISO 31000.
Develop the ability to identify and assess risks and Learn techniques for prioritizing risks based on their potential impact and likelihood.
Understand the key principles of internal control, including control environment, risk assessment, control activities, information and communication, and monitoring activities.
Apply risk assessment findings to the development of internal audit plans.
IT Auditors and Information Security Professionals
Business Owners
TRAINING CONTENT
Introduction to Internal Audit: Role and purpose of internal audit, Importance of risk management in internal audit
Risk Management Framework: Overview of the organization’s risk management framework, Identifying, assessing, and prioritizing risks, Risk appetite and tolerance levels
Audit Planning and Risk Assessment: The audit planning process, Understanding the business and its objectives, Identifying audit objectives and scope, Risk assessment methodologies
Audit Standards and Frameworks: International Standards for the Professional Practice of Internal Auditing (IPPF), COSO Framework (ERM and Internal Control Frameworks), ISO 31000: Risk Management Standard
Audit Methodologies: Risk-based audit approach, Continuous auditing and monitoring, Data analytics and technology in auditing
Audit Testing and Sampling: Sampling methods and techniques, Audit sampling vs. statistical sampling
Audit Documentation: Importance of thorough documentation, Content and format of audit work papers.
Control Assessment: Evaluating the effectiveness of internal controls, Control testing and walkthroughs, Control deficiencies and remediation
Audit Reporting: Writing audit reports, Communicating audit findings and recommendations, Follow-up and tracking of audit recommendations.
Audit Committee and Board Reporting: Preparing reports for audit committees and boards of directors
NB: The content and depth of the training can vary based on the specific needs of the participants.
GENERAL NOTES
i. The clients have many options on where they would wish to have the training
Onsite training
Online Training
a. Mombasa
a. Zoom
b. Nairobi
b. Webex
c. Naivasha
c. Google meets
d. Machakos
d. Google teams
e. Thika
f. Nakuru
g. At work place
ii. The client should communicate their preferred training venue at least seven days before the training date failure to which the training shall take place in Nairobi.
iii. This training is delivered by our seasoned trainers who have vast experience as expert professionals in the respective fields of practice. It is taught through a mix of practical activities, theory, group works and case studies.
iii. Training manuals and additional reference materials are provided to the participants.
iv. Upon successful completion of this training, participants will be issued with a J.W Arichum & Associates certificate.
v. The onsite training fee covers tuition fees, training materials, tea at 10am, lunch, tea at 4pm, training venue and a certificate on completion. Accommodation and travel may be arranged for our participants upon request.
vi. The online training fee covers tuition fees, training materials, and a certificate on completion.
