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Developing, Improving & Monitoring the Internal Audit Function

Optimising the Internal Audit Function and Integrating with the Organisation's Strategic Objectives

Developing, Improving & Monitoring the Internal Audit Function

Course Schedule

Classroom

Online

Training Introduction

Internal auditing plays a vital role in strengthening organizational performance, ensuring compliance, and protecting assets. An effective internal audit function provides assurance that financial policies, operational processes, and internal controls are functioning efficiently and aligned with organizational objectives. The Developing, Improving & Monitoring the Internal Audit Function Training Course equips professionals with the essential knowledge and practical tools required to establish, enhance, and manage a robust internal audit system.

As fraud risks and regulatory requirements continue to increase, organizations must implement reliable internal audit frameworks to maintain transparency and accountability. This Internal Audit Training Course enables participants to develop audit strategies, monitor financial transactions, and assess operational processes in accordance with international auditing standards. Through practical guidance and real-world examples, participants will gain the skills necessary to optimize internal audit functions, strengthen corporate governance, and support long-term organizational stability and growth.

Key Focus Areas of this Course:

  • Understanding the purpose, structure, and responsibilities of the internal audit function
  • Evaluating and improving internal audit processes and organizational controls
  • Monitoring financial transactions, policies, and procedures to international standards
  • Applying risk-based auditing approaches to identify and manage potential threats
  • Developing effective audit plans, audit programs, and reporting processes
  • Strengthening corporate governance through improved internal audit practices

What are the goals?

The Internal Audit Function Course is designed to help professionals enhance audit effectiveness, improve internal controls, and ensure compliance with international standards.

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

  • Understand the role and strategic importance of an internal audit department
  • Evaluate the effectiveness of existing internal audit functions and processes
  • Recommend practical improvements to strengthen audit performance and efficiency
  • Monitor policies, procedures, and financial transactions in line with international standards
  • Identify audit risks and plan, manage, and document audit assignments effectively
  • Conduct post-audit reviews and provide recommendations to improve internal controls
  • Support organizational governance by delivering reliable and accurate audit findings

Who is this Training Course for?

This Internal Audit and Internal Controls Training Course is suitable for professionals involved in audit activities, governance, compliance, and operational management. It is especially valuable for those responsible for interacting with internal audit teams or improving internal control systems.

This training course is suitable to a wide range of professionals but will greatly benefit: 

  • Senior and middle management professionals who work closely with internal audit teams
  • Audit managers and audit staff seeking to enhance their audit skills and effectiveness
  • Financial and non-financial professionals supporting internal audit committees
  • Professionals whose operational roles are subject to internal audit review
  • Team managers and supervisors responsible for maintaining compliance and internal controls
  • Individuals aiming to strengthen governance, risk management, and audit practices within their organizations

How will this Training Course be Presented?

The Developing, Improving & Monitoring the Internal Audit Function Training Course is delivered through interactive workshops, expert-led instruction, and practical audit exercises. Participants will learn how to apply audit principles, develop audit plans, and evaluate internal controls using real-world scenarios and structured methodologies.

This hands-on approach ensures participants gain practical experience in audit planning, fieldwork, reporting, and post-audit reviews. The course also emphasizes international auditing standards, risk-based auditing techniques, and effective communication of audit findings. By the end of the training, participants will be equipped with the skills and confidence to strengthen internal audit functions and support organizational performance and governance.

The Course Content

Day 1: Internal & External Auditing and the Role & International Standards of the Internal Audit Department

  • Defining the Distinctions and Responsibilities between Internal and External Auditors
  • Identifying the Internal Audit Staff Positions
  • Identifying Internal Audit Staffing Requirements
  • Techniques for Ensuring Credibility for the Internal Audit Team
  • Developing the Audit Committee Charter for a Board of Directors
  • Review of Statements on International Auditing Standards Update and General Auditing Practice Issues

Day 2: Examining & Understanding the Differences between Various Types of Audits, including Risk Factors

  • Fraud and Forensic Audits
  • Compliance Audits
  • Operational Audits
  • Information Systems Audits
  • Financial Audits
  • Risk Factors & Audit Risk Alerts

Day 3: The Audit Process, Programs and Planning & Commencing Internal Audit Examinations

  • Developing Streamlined Processes for Conducting Internal Audit Examinations
  • Identifying Effective Audit Programs for the Various Types of Audits
  • Risk-Based IT Audit Procedures
  • Key Considerations for your Internal Audit Plan
  • 20 Questions Directors Should Ask about Internal Auditing
  • The Audit Commencement Conference Meeting

Day 4: Fieldwork: Internal Audit Examinations, Controls & Documentation

  • Evaluating Internal Controls & Substantive Procedures
  • A Detailed Examination of the Budget Process & Budgetary Controls
  • Planning & Conducting Audit Interviews
  • Accumulating Relevant Documentation during the Internal Audit Process
  • Professional Standards and Responsibilities Associated with Internal Auditing Documentation
  • Sampling & Statistical Analysis to ensure a Representative Sample

Day 5: The Audit Exit Conference, Findings and Post Audit Review

  • The Internal Audit Draft & Final Report: - Findings and Suggestions for Areas of Improvement
  • Planning the Audit Exit Conference Meeting
  • Distributing the Final Internal Audit Report within the Organization
  • Client Survey
  • Conducting Post-Audit Reviews/Follow Up Audit
  • Improving Corporate Governance

Frequently Asked Questions

Quick answers to common questions about this training course.

Absolutely. Coventry Academy provides customised in-house training solutions for organisations seeking a tailored learning experience. The Developing, Improving & Monitoring the Internal Audit Function training course can be adapted to reflect your organisation's objectives, industry requirements, operational challenges, and strategic priorities. Delivered exclusively for your team, customised training enables organisations to maximise relevance, encourage collaboration, and achieve targeted development outcomes. Our team will be pleased to discuss your requirements and develop a solution that aligns with your goals.

Absolutely! If you’re attending one of our courses at an international venue, we can help
with hotel reservations and entry visas. Just reach out to our Customer Service team:

  • Phone: +971 4 420 8304
  • Fax: +971 4 420 8304
  • Email: info@coventryacademy.com

No prior experience is required to attend the Developing, Improving & Monitoring the Internal Audit Function training course. The course is designed to accommodate participants from diverse professional backgrounds and varying levels of experience. While some familiarity with the subject matter may help participants gain additional value from certain discussions and activities, the course content is structured to ensure that both newcomers and experienced professionals can fully engage with the learning experience and benefit from the training.

Our dedicated support team is available to assist you with any questions regarding the Developing, Improving & Monitoring the Internal Audit Function training course, including course content, scheduling, registration, corporate bookings, and customised training solutions. We are committed to providing prompt and professional assistance throughout your learning journey.

📞 Phone: +971 58 840 7925

📧 Email: info@coventryacademy.com

🌐 Website: coventryacademy.com

Registering for a course is super easy! Here’s how you can do it:

  • Online: Pick your course, hit the "REGISTER" button, fill out the form, and
    submit it.
  • Email: Drop us a line with your details at info@coventryacademy.com.
  • Phone: Give us a call at +971 4 420 8304 to book your spot.
  • Fax: Fill in the booking form (you’ll find it in our brochures, flyers, or catalogue)
    and fax it to [+971 4 420 8304](tel:+97144208304).

The Developing, Improving & Monitoring the Internal Audit Function training course is designed to be practical, engaging, and highly interactive. Participants benefit from a dynamic learning environment that combines expert-led presentations, facilitated discussions, case studies, practical exercises, and collaborative learning activities. The focus is on developing knowledge that can be applied immediately within the workplace, ensuring participants gain both valuable insights and practical skills that support improved professional performance.

Your course fees cover:

  • For classroom courses: printed materials, lunch, and refreshments.
  • For online courses: all materials sent to you by email.
  • A certificate of completion or attendance.

You’ll need to make payment before the course starts. Here are your options:

  • Bank draft
  • Cash
  • Credit card
  • Wire transfer

Heads up: If we don’t receive payment before the course begins, we may have to deny
admission.

We delivers training courses in carefully selected professional venues that provide a comfortable and productive learning environment. Classroom-based courses are typically hosted in premium international venues with modern facilities and dedicated training spaces designed to support effective learning. Participants also benefit from a professional setting that encourages networking, collaboration, and knowledge sharing with peers from diverse industries and backgrounds.

The Developing, Improving & Monitoring the Internal Audit Function training course is designed for professionals seeking to strengthen their knowledge, enhance their capabilities, and achieve greater impact within their organisations. It is suitable for managers, supervisors, team leaders, technical specialists, consultants, and professionals at all career stages who wish to expand their expertise and stay current with industry developments. Whether you are looking to advance your career, improve workplace performance, or prepare for new responsibilities, this course provides valuable knowledge and practical insights to support your professional growth.

Our courses are led by top-notch international instructors. They’re not just academically qualified—they’ve also got years of real-world experience. They bring practical insights and deep knowledge to every session, making your learning experience truly valuable!

Yes. Participants who successfully complete the Developing, Improving & Monitoring the Internal Audit Function training course will receive a Coventry Academy Certificate of Completion, recognising their commitment to professional development and continuous learning. This certificate serves as formal evidence of participation and achievement and can support career progression, professional credibility, and ongoing development objectives. Where applicable, details regarding professional development credits or accreditation will be provided within the course information.

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