Managing the Internal Audit Function
This course provides practical ideas for implementation of the requirements of Domain IV, Managing the Internal Audit Function.
This course provides practical ideas for implementation of the requirements of Domain IV, Managing the Internal Audit Function.
It is likely to be of interest to chief audit executives and anyone involved in the management of an internal audit function.
Whilst the course makes reference to the responsibilities of chief audit executives, it is acknowledged that these responsibilities may be delegated to other suitably qualified professionals. The overview of Domain IV makes it clear that where this is the case, the chief audit executive still retains ultimate accountability.
You are expected to already have a basic knowledge of the Principles and Standards within Domain IV and may find it useful to have a copy of these handy when working through the material.
There is a quiz at the end of the course which is also based on the assumption that delegates will have knowledge of the contents of Domain IV in addition to the material within this course.
You have 24 weeks to complete the course; however, it shouldn’t take you more than one and a half hours to do so.
Course overview
After completing this course, you will be better able to:
- Explain the requirements of Domain IV to stakeholders.
- Develop a strategic plan for the internal audit function that will enable it to fulfil its mandate and achieve long term success.
- Identify the methodologies that will be required to support implementation of the internal audit strategy.
- Develop and maintain periodic plans for the internal audit function based upon sound knowledge of the organisation’s governance and risk management process.
- Coordinate with other assurance providers and determine when to place reliance upon their work.
- Manage the financial, human, and technological resources required for the internal audit activity.
- Develop relationships and communicate effectively with a broad range of stakeholders.
- Implement a quality assurance program to ensure conformance with the Global Internal Audit Standards and continuous performance improvement.
- Identify aspects of the requirements of Domain IV that can be improved within your own internal audit function.
The course comprises five modules and a quiz. After you have completed these two components, you will be able to download your certificate of completion.
The course is online so you will need access to an internet-enabled device. The material is responsive and will display well on most devices.
Most of the material is written. However, there are videos within the course material, for which closed captions are provided.
- Internal Auditing Competencies - International Professional Practices Framework
- Professional Competencies - Leadership
- Governance and Risk Management – Strategy
1.5 CPE points