A highly interactive training course on

Adding Value in Internal Audit

Transforming Internal Audit
into an Insightful, Catalyst for Change
Coventry Academy -  Adding Value in Internal Audit

Course Schedules

 15-19 Apr 2024
 12-16 Aug 2024
 16-20 Dec 2024

Training course overview

There has probably never been a more important time to have a strong, professional Internal Audit function. The function is now required to provide a much more significant level of assurance. It therefore needs to shake off it’s traditional historic focus.

This course will enable your Internal Audit function to be transformed into a modern, proactive, and future- focused business partner. It will enable the function to be guided by a philosophy of adding value to promote positive change and improve the operations of the organisation.

This Coventry Academy training course will feature:

  • How to focus the audit process towards added value services
  • How to audit third party activities such as outsourced services joint ventures
  • The techniques to build a world-class team
  • The principles of continuous auditing
  • How to audit Corporate Social responsibility

What are the goals?

By the end of this Coventry Academy training course, participants will be able to:

  • Benchmark your IA function against worldwide best practice
  • Make the transition from a good function to a great one
  • Deliver measurable added value
  • Deal with the challenges of consultancy
  • Audit Corporate Governance with confidence
  • Deliver stakeholder assurance more effectively
  • Engage more positively with senior management

Who is this training course for?

This training course is targeted at senior assurance professionals – and is centred on the key challenges faced by a modern internal audit function – and the desire to add significantly greater value to the business

The event represents a superb opportunity to meet your peers from both your sector and others and develop new approaches to the difficult challenges facing Internal Audit today 

  • Heads of Audit
  • Audit managers or those about to be appointed to this level
  • Audit supervisors
  • Managers of other assurance functions such as Compliance or Quality Assurance
  • Senior Management

How will this training course be presented?

This exciting training course will utilise a variety of proven learning techniques to ensure maximum understanding, comprehension and retention of the information presented. This includes various exercises and case studies to provide practical application of the tools and techniques. A wide range of key topics will be discussed – and tips and proven techniques will be shared to enable the process to be challenged and the service optimised – so that senior management’s expectations are exceeded.

Course Outline

Day One: Internal Audit Best Practice
  • Ensure IA is seen as an agent for positive change
  • Meeting the challenges of the new IIA standards
  • The significant changes in the Internal Audit role
  • The need to recognise audit risk
  • Building a world class team
  • Marketing the IA activities
 Day Two: The Value for Money (VFM) Approach
  • What is VFM?
  • The Power of VFM auditing
  • The 3 E’s (Efficiency, economy and effectiveness)
  • VFM audit techniques
  • Performance measurement
  • Case Studies
Day Three: Adding Value by Focusing Audit Activities
  • Focusing attention on the activities with potential to add value
  • Auditing Third Party activities
  • Outsourcing reviews
  • Managing the added value audit process
  • Continuous auditing
  • Assurance Mapping
Day Four: Corporate Governance – the Added Value Approach
  • The key aspects of CG
  • Auditing the key aspects of Corporate Governance
  • Developing proactive Audit Committee relationships
  • Auditing Corporate Social Responsibility and Ethics
  • How to understand and exceed stakeholders’ expectations
  • Auditing new areas such as Social Media
Day Five: Auditing the More Complex Added Value Topics
  • Information security
  • Systems under development
  • The web site and external communications
  • IT projects
  • Business Continuity Management
  • Brand and reputation management

The certificate

  • Coventry Academy Certificate of Attendance will be provided to delegates who attend and complete the course

Coventry Academy
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