Training Course On Internal Audit For Microfinance And Saccos
Course Overview
This course equips microfinance institutions (MFIs), SACCOs, and cooperative organizations with the knowledge and practical skills needed to establish and conduct effective internal audits. Participants learn how to evaluate financial and operational processes, assess risk management systems, ensure regulatory compliance, and strengthen governance. The training emphasizes practical tools and techniques for planning, executing, and reporting audits, helping institutions enhance accountability, transparency, and operational efficiency.
Learning Objectives
By the end of this course, participants will be able to:
Understand the role and importance of internal audit in MFIs and SACCOs.
Develop risk-based audit plans and internal audit programs.
Evaluate internal controls, governance structures, and operational processes.
Conduct audit fieldwork, testing, and evidence collection effectively.
Prepare clear, actionable audit reports for management and boards.
Ensure compliance with regulatory and statutory requirements.
Strengthen institutional accountability, transparency, and risk management frameworks.
Module 1: Introduction to Internal Audit in Microfinance and SACCOs
Role and objectives of internal audit
Types of audits: financial, operational, compliance, risk-based
Regulatory and statutory requirements for internal audits
Audit’s contribution to governance and institutional sustainability
Practical: Assessing current internal audit practices in your institution
Module 2: Planning and Risk-Based Audit Approaches
Identifying key risk areas in MFIs and SACCOs
Developing an annual audit plan
Risk assessment and prioritization techniques
Aligning audit activities with institutional strategy
Practical: Creating a risk-based audit plan template
Module 3: Audit Fieldwork and Evidence Collection
Conducting audit engagements: procedures and best practices
Testing controls, transactions, and processes
Documenting findings and collecting audit evidence
Using audit tools and checklists effectively
Practical: Performing a sample internal audit exercise
Module 4: Reporting and Communication of Audit Findings
Drafting clear and actionable audit reports
Reporting to management, board, and regulatory authorities
Communicating recommendations and following up on corrective actions
Ethical considerations and confidentiality in audits
Practical: Preparing an internal audit report for a SACCO/MFI case study
Module 5: Strengthening Internal Audit Function and Continuous Improvement
Building an effective internal audit department
Staff training, quality assurance, and audit reviews
Monitoring, evaluation, and continuous improvement of audit processes
Integrating internal audit findings into risk management and strategic planning
Final Project: Develop an internal audit framework for your institution
Who Should Attend
This course is suitable for internal auditors, finance officers, SACCO/MFI managers, compliance officers, board members, risk managers, and consultants involved in financial oversight, governance, or audit functions within microfinance and cooperative institutions.
Duration & Delivery
Duration
5 Days
Delivery Mode
Online or In-Person Training Available
Certification
Professional Certificate Included
Language
English
GENERAL NOTES
i. The client has many options on where they would wish to have the training
Onsite training (In Kenya)
Onsite training (Outside Kenya)
Online Training
a. Mombasa
a. Southern Sudan – Juba
a. Zoom
b. Nairobi
b. Tanzania – Dar es Salaam
b. Webex
c. Naivasha
c. Rwanda – Kigali
c. Google meets
d. Machakos
d. Nigeria – Lagos
d. Google teams
e. Thika
e. Lilongwe – Malawi
..
f. Nakuru
f. South Africa – Johannesburg
..
g. Embu
g. Ghana – Accra
h. At work place
h. At work place
..
ii. The client shall communicate the preferred training venue at least seven(7) days before the training date. Otherwise 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 Arichum Consulting 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.
